Last update: Oct 2026

Cost of Living Comparison Between Toronto and Taos, NM

For one person, living is cheaper in Toronto: $2,561 a month against $2,793 in Taos, NM, rent and utilities included – about $2,800 less a year. Higher rent and utilities in Taos, NM outweigh lower spending on other living expenses.

125

Cost of Living Index in Toronto
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Toronto Living Index
135

Cost of Living Index in Taos, NM
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Taos, NM Living Index

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Toronto

🇨🇦 Canada

$2,561

/mo nomad

Taos, NM

🇺🇸 United States

$2,793

/mo nomad

Monthly Cost of Living

How much you'll spend in Toronto and in Taos, NM

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Toronto and in Taos, NM actually costs, broken down by who's living it.

Monthly costs for one person with rent: $2,561 in Toronto versus $2,793 in Taos, NM.

Toronto $2,561
Taos, NM $2,793

Estimated couple costs with rent: $3,694 in Toronto versus $4,132 in Taos, NM.

Toronto $3,694
Taos, NM $4,132

Monthly costs for a family of three with rent: $4,826 in Toronto versus $5,471 in Taos, NM.

Toronto $4,826
Taos, NM $5,471

Living in Toronto costs roughly 8% less than in Taos, NM, and outside of rent the biggest gap is in transport.

Both cities are pricier than the global median: Toronto 90% above, Taos, NM 107% above.

Meal at Budget Restaurant

$17.18 CA$24.29

$16.74 $16.74

2.63%

Three-Course Dinner for Two, Mid-Range

$76.0 CA$107

$67.1 $67.1

13.27%

Fast Food Meal (McDonalds, etc)

$10.54 CA$14.89

$9.52 $9.52

10.71%

Cappuccino

$4.02 CA$5.68

$3.98 $3.98

1.01%

Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)

$2.12 CA$3.00

$2.20 $2.20

-3.64%

Water (0.33 liter bottle)

$1.75 CA$2.48

$2.20 $2.20

-20.45%

Local Beer (0.5 liter draught)

$6.24 CA$8.83

$5.06 $5.06

23.32%

Imported Beer (0.33 liter bottle)

$7.09 CA$10.02

$5.44 $5.44

30.33%

Milk (1 liter)

$2.44 CA$3.45

$0.83 $0.83

193.98%

White Bread (500g)

$2.68 CA$3.78

$3.08 $3.08

-12.99%

Rice (white) (1kg)

$2.24 CA$3.17

$4.34 $4.34

-48.39%

Eggs

$3.56 CA$5.03

$3.99 $3.99

-10.78%

Local Cheese (1kg)

$9.09 CA$12.85

$11.87 $11.87

-23.42%

Chicken Fillets (1kg)

$11.33 CA$16.01

$9.69 $9.69

16.92%

Beef Round Steak (1kg)

$14.53 CA$20.55

$11.10 $11.10

30.90%

Apples (1kg)

$3.62 CA$5.12

$4.75 $4.75

-23.79%

Banana (1kg)

$1.21 CA$1.72

$1.46 $1.46

-17.12%

Oranges (1kg)

$3.60 CA$5.09

$4.25 $4.25

-15.29%

Tomato (1kg)

$4.21 CA$5.96

$5.07 $5.07

-16.96%

Potato (1kg)

$1.79 CA$2.53

$3.10 $3.10

-42.26%

Onion (1kg)

$1.59 CA$2.25

$3.27 $3.27

-51.38%

Lettuce (1 head)

$2.27 CA$3.21

$2.06 $2.06

10.19%

Water (1.5 liter bottle)

$1.25 CA$1.77

$2.49 $2.49

-49.80%

Cigarettes 20 Pack (Marlboro, Camel)

$13.82 CA$19.53

$10.52 $10.52

31.37%

Wine (Bottle)

$14.27 CA$20.18

$13.72 $13.72

4.01%

Local Beer (0.5 liter bottle)

$2.20 CA$3.10

$2.51 $2.51

-12.35%

Imported Beer (0.33 liter bottle)

$2.43 CA$3.44

$3.18 $3.18

-23.58%

One-way Ticket (Public Transport)

$2.39 CA$3.38

Public Transport Monthly Pass (Regular Price)

$111 CA$157

Taxi Start (Normal Tariff)

$2.91 CA$4.12

$3.69 $3.69

-21.14%

Taxi (Normal Tariff) (1km)

$1.20 CA$1.69

$2.04 $2.04

-41.18%

Taxi 1hour Waiting (Normal Tariff)

$21.38 CA$30.23

$32.20 $32.20

-33.60%

Gasoline (1 liter)

$1.21 CA$1.71

$0.95 $0.95

27.37%

Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)

$28.2K CA$39.8K

$30.6K $30.6K

-7.82%

Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)

$20.3K CA$28.6K

$24.4K $24.4K

-17.03%

Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)

$120 CA$170

$161 $161

-25.03%

SIM Card Monthly Plan (Calls and 10GB+ Data)

$32.26 CA$45.60

$62.8 $62.8

-48.62%

Internet (50+ Mbps, Unlimited Data)

$47.93 CA$67.8

$61.6 $61.6

-22.24%

Gym Membership (Monthly)

$38.48 CA$54.4

$95.3 $95.3

-59.62%

Tennis Court (1 Hour on Weekend)

$22.96 CA$32.46

Cinema Ticket

$12.38 CA$17.50

$8.63 $8.63

43.45%

Preschool or Kindergarten, Full Day, Private, 1 Child (Monthly)

$830 CA$1,173

$1,509 $1,509

-45.00%

International Primary School, 1 Child (Yearly)

$23.1K CA$32.6K

$25.2K $25.2K

-8.28%

Jeans (Levis 501 Or Similar)

$50.7 CA$71.7

$54.6 $54.6

-7.12%

Summer Dress (H&M, Zara, etc)

$40.02 CA$56.6

$43.88 $43.88

-8.80%

Sport Shoes (Adidas, Nike)

$98.0 CA$139

$104 $104

-5.43%

Men's Leather Business Shoes

$121 CA$171

$120 $120

0.67%

1-bedroom Apartment, City Center (Monthly)

$1,592 CA$2,251

$1,806 $1,806

-11.84%

1-bedroom Apartment, Outside City Center (Monthly)

$1,410 CA$1,994

$1,608 $1,608

-12.28%

3-bedroom Apartment, City Center (Monthly)

$2,670 CA$3,775

$3,497 $3,497

-23.64%

3-bedroom Apartment, Outside City Center (Monthly)

$2,152 CA$3,042

$2,853 $2,853

-24.60%

Buy Apartment in City Center (m2)

$7,945 CA$11.2K

$4,366 $4,366

81.99%

Buy Apartment Outside City Center (m2)

$6,542 CA$9,249

$4,376 $4,376

49.50%

Average Monthly Net Salary (After Tax)

$3,727 CA$5,269

$2,687 $2,687

38.69%

20-Year Fixed Mortgage Interest Rate (Annual %)

4.47

6.3

-29.05%

CityCost data is based on AI and user input – minor inaccuracies may occur.

Last update for Toronto: October 12, 2026

Last update for Taos, NM: October 13, 2026

Monthly budget structure

Share of the monthly basket for one person, rent included.

Accommodation & Living

Toronto

$1.4K 55.1%

Taos, NM

$1.6K 57.6% 14% $197

Groceries & Markets

Toronto

$340 13.3%

Taos, NM

$365 13.1% 7.4% $25

Eating Out

Toronto

$278 10.9%

Taos, NM

$264 9.5% 5.1% $14

Monthly Utilities & Internet

Toronto

$201 7.8%

Taos, NM

$285 10.2% 42.1% $84

Clothing & Footwear

Toronto

$139 5.4%

Taos, NM

$145 5.2% 4.1% $5.7

Getting Around

Toronto

$129 5.1%

Taos, NM

$14 * 0.5% 89.3% $115

Sport & Entertainment

Toronto

$63 2.5%

Taos, NM

$113 4% 78% $49

Categories marked with * are only partly priced – their share counts the items that do have prices.

Cost Breakdown

A one-bedroom apartment in the center runs $1,592 in Toronto and $1,806 in Taos, NM. Housing cost is often the main lever when comparing two cities.

Toronto pays 39% more on average while also being the cheaper of the two. The combined effect is a noticeably stronger local purchasing power.

Dining out: $76.0 in Toronto vs $67.0 in Taos, NM. Groceries flip the comparison at $340 vs $365, with Toronto cheaper for home cooking.

Good to know

🇨🇦 Toronto

🇺🇸 Taos, NM

🕒 Local time

01:10 1:10 AM

23:10 11:10 PM

2 h behind Toronto

🌤 Weather

👥 Population

2,731,571

6,000

💱 Currency

Canadian Dollar CAD $

United States Dollar USD $

📈 Exchange rate

1 CAD = 0.707 USD

1 CAD = 0.629 EUR

1 USD = 0.89 EUR

Exchange rates and currency converter

USD, EUR to CAD – Canadian Dollar Converter

🇺🇸 United States Dollar ($)

🇨🇦 Canadian Dollar ($)

Canadian Dollar exchange rates as of October 18, 2026: 1 USD = 1.41 CAD (1 CAD = 0.707 USD). 1 EUR = 1.59 CAD (1 CAD = 0.629 EUR).

United States Dollar exchange rates as of October 18, 2026: 1 EUR = 1.12 USD (1 USD = 0.89 EUR).

USD to CAD in detail →

On the map

Lowest

Highest

Between locations

Toronto Taos, NM 2,360 km ≈ 3 h 30 min nonstop flight

From you

Toronto
Taos, NM

Distances are measured in a straight line. Your location is detected approximately.

City Median Internet Speeds Comparison (Updated April 2026)

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

Toronto vs Taos, NM: Cost of Living - Frequently Asked Questions

Toronto wins on cost – living expenses run 9% lower than in Taos, NM. Housing and daily spending are where you'll feel the difference most, making Toronto the obvious pick if budget is a priority.

Average pay runs 39% higher in Toronto, which matters when comparing affordability. Whether that higher income actually nets you more depends on your spending habits and housing choices.

Rent for a central apartment: $1,592 in Toronto versus $1,806 in Taos, NM. Housing is usually the single largest factor when comparing overall living costs between the two.

Supermarket bills run roughly 7% higher in Taos, NM. For households that cook at home regularly, that difference adds up over a month.

All in, you'll spend $2,561 per month in Toronto versus $2,793 in Taos, NM – a 9% gap that adds up to real savings over time for anyone picking the cheaper option.

Both cities are expensive relative to $2,500. Toronto is the more realistic option, but even there you'll need to be disciplined with housing, food, and fun money.

Both cities offer a good standard of living with different trade-offs. Neither is objectively better – the right pick depends on what matters most: affordability, career, cultural scene, or climate.

Expats usually find Toronto gentler on the wallet – expenses run 9% less than in Taos, NM. Beyond cost, consider language, visa policies, and how big the international community is in each city.