Last update: Oct 2026

Cost of Living Comparison Between Toronto and Waco, TX

For one person, living is cheaper in Waco, TX: $2,414 a month against $2,561 in Toronto, rent and utilities included – about $1,800 less a year. Other living expenses account for most of the difference.

125

Cost of Living Index in Toronto
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Toronto Living Index
118

Cost of Living Index in Waco, TX
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Waco, TX Living Index

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Toronto

🇨🇦 Canada

$2,561

/mo nomad

Waco, TX

🇺🇸 United States

$2,414

/mo nomad

Monthly Cost of Living

How much you'll spend in Toronto and in Waco, TX

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 Waco, TX actually costs, broken down by who's living it.

Monthly costs for one person with rent: $2,561 in Toronto versus $2,414 in Waco, TX.

Toronto $2,561
Waco, TX $2,414

Estimated couple costs with rent: $3,694 in Toronto versus $3,069 in Waco, TX.

Toronto $3,694
Waco, TX $3,069

Monthly costs for a family of three with rent: $4,826 in Toronto versus $3,724 in Waco, TX.

Toronto $4,826
Waco, TX $3,724

Living in Toronto is roughly 6% more expensive than in Waco, TX, and outside of rent the biggest gap is in transport.

Both cities are pricier than the global median: Toronto 90% above, Waco, TX 79% above.

Meal at Budget Restaurant

$17.18 CA$24.47

$15.16 $15.16

13.32%

Three-Course Dinner for Two, Mid-Range

$76.0 CA$108

$60.6 $60.6

25.43%

Fast Food Meal (McDonalds, etc)

$10.54 CA$15.01

$12.07 $12.07

-12.68%

Cappuccino

$4.02 CA$5.73

$5.65 $5.65

-28.85%

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

$2.12 CA$3.02

$1.74 $1.74

21.84%

Water (0.33 liter bottle)

$1.75 CA$2.50

$1.46 $1.46

19.86%

Local Beer (0.5 liter draught)

$6.24 CA$8.89

$4.89 $4.89

27.61%

Imported Beer (0.33 liter bottle)

$7.09 CA$10.09

$5.55 $5.55

27.75%

Milk (1 liter)

$2.44 CA$3.47

$0.80 $0.80

205.00%

White Bread (500g)

$2.68 CA$3.81

$3.31 $3.31

-19.03%

Rice (white) (1kg)

$2.24 CA$3.19

$2.09 $2.09

7.18%

Eggs

$3.56 CA$5.07

$2.77 $2.77

28.52%

Local Cheese (1kg)

$9.09 CA$12.95

$11.83 $11.83

-23.16%

Chicken Fillets (1kg)

$11.33 CA$16.13

$9.37 $9.37

20.92%

Beef Round Steak (1kg)

$14.53 CA$20.70

$11.95 $11.95

21.59%

Apples (1kg)

$3.62 CA$5.16

$3.70 $3.70

-2.16%

Banana (1kg)

$1.21 CA$1.73

$1.16 $1.16

4.31%

Oranges (1kg)

$3.60 CA$5.13

$3.84 $3.84

-6.25%

Tomato (1kg)

$4.21 CA$6.00

$3.53 $3.53

19.26%

Potato (1kg)

$1.79 CA$2.55

$2.29 $2.29

-21.83%

Onion (1kg)

$1.59 CA$2.26

$2.96 $2.96

-46.28%

Lettuce (1 head)

$2.27 CA$3.23

$1.77 $1.77

28.25%

Water (1.5 liter bottle)

$1.25 CA$1.78

$0.99 $0.99

26.26%

Cigarettes 20 Pack (Marlboro, Camel)

$13.82 CA$19.68

$8.60 $8.60

60.70%

Wine (Bottle)

$14.27 CA$20.33

$13.97 $13.97

2.15%

Local Beer (0.5 liter bottle)

$2.20 CA$3.13

$1.69 $1.69

30.18%

Imported Beer (0.33 liter bottle)

$2.43 CA$3.47

$3.80 $3.80

-36.05%

One-way Ticket (Public Transport)

$2.39 CA$3.41

$1.53 $1.53

56.21%

Public Transport Monthly Pass (Regular Price)

$111 CA$158

$39.25 $39.25

182.62%

Taxi Start (Normal Tariff)

$2.91 CA$4.15

$9.93 $9.93

-70.69%

Taxi (Normal Tariff) (1km)

$1.20 CA$1.70

$1.83 $1.83

-34.43%

Taxi 1hour Waiting (Normal Tariff)

$21.38 CA$30.45

$59.0 $59.0

-63.73%

Gasoline (1 liter)

$1.21 CA$1.72

$0.90 $0.90

34.44%

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

$28.2K CA$40.1K

$36.7K $36.7K

-23.19%

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

$20.3K CA$28.8K

$25.0K $25.0K

-19.14%

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

$120 CA$171

$182 $182

-33.76%

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

$32.26 CA$45.94

$39.37 $39.37

-18.06%

Internet (50+ Mbps, Unlimited Data)

$47.93 CA$68.3

$55.1 $55.1

-13.00%

Gym Membership (Monthly)

$38.48 CA$54.8

$27.59 $27.59

39.47%

Tennis Court (1 Hour on Weekend)

$22.96 CA$32.70

Cinema Ticket

$12.38 CA$17.63

$8.73 $8.73

41.81%

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

$830 CA$1,182

$744 $744

11.48%

International Primary School, 1 Child (Yearly)

$23.1K CA$32.9K

$17.9K $17.9K

28.83%

Jeans (Levis 501 Or Similar)

$50.7 CA$72.2

$46.68 $46.68

8.63%

Summer Dress (H&M, Zara, etc)

$40.02 CA$57.0

$38.08 $38.08

5.09%

Sport Shoes (Adidas, Nike)

$98.0 CA$140

$85.0 $85.0

15.31%

Men's Leather Business Shoes

$121 CA$172

$96.7 $96.7

24.74%

1-bedroom Apartment, City Center (Monthly)

$1,592 CA$2,268

$1,251 $1,251

27.29%

1-bedroom Apartment, Outside City Center (Monthly)

$1,410 CA$2,009

$1,322 $1,322

6.71%

3-bedroom Apartment, City Center (Monthly)

$2,670 CA$3,803

$1,593 $1,593

67.66%

3-bedroom Apartment, Outside City Center (Monthly)

$2,152 CA$3,065

$1,350 $1,350

59.37%

Buy Apartment in City Center (m2)

$7,945 CA$11.3K

$1,948 $1,948

307.86%

Buy Apartment Outside City Center (m2)

$6,542 CA$9,318

$1,962 $1,962

233.53%

Average Monthly Net Salary (After Tax)

$3,727 CA$5,308

$3,176 $3,176

17.35%

20-Year Fixed Mortgage Interest Rate (Annual %)

4.47

6.49

-31.12%

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

Last update for Toronto: October 12, 2026

Last update for Waco, TX: October 11, 2026

Monthly budget structure

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

Accommodation & Living

Toronto

$1.4K 55.1%

Waco, TX

$1.3K 54.7% 6.3% $89

Groceries & Markets

Toronto

$340 13.3%

Waco, TX

$313 13% 7.9% $27

Eating Out

Toronto

$278 10.9%

Waco, TX

$274 11.3% 1.6% $4.6

Monthly Utilities & Internet

Toronto

$201 7.8%

Waco, TX

$276 11.4% 37.7% $76

Clothing & Footwear

Toronto

$139 5.4%

Waco, TX

$120 5% 13.9% $19

Getting Around

Toronto

$129 5.1%

Waco, TX

$64 2.7% 50.2% $65

Sport & Entertainment

Toronto

$63 2.5%

Waco, TX

$45 1.9% 28.8% $18

Cost Breakdown

A one-bedroom apartment in the center runs $1,592 in Toronto and $1,251 in Waco, TX. Housing cost is often the main lever when comparing two cities.

Toronto pays 17% more on average. The extra income cushions the higher costs, though housing choices and lifestyle decide how much of the gap is truly closed.

Dining out: $76.0 in Toronto vs $61.0 in Waco, TX for a mid-range dinner for two. Groceries echo the gap at $340 vs $313 per month, with Waco, TX cheaper across the board.

Good to know

🇨🇦 Toronto

🇺🇸 Waco, TX

🕒 Local time

12:21 12:21 PM

11:21 11:21 AM

1 h behind Toronto

🌤 Weather

👥 Population

2,731,571

138,486

💱 Currency

Canadian Dollar CAD $

United States Dollar USD $

📈 Exchange rate

1 CAD = 0.702 USD

1 CAD = 0.629 EUR

1 USD = 0.896 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 13, 2026: 1 USD = 1.42 CAD (1 CAD = 0.702 USD). 1 EUR = 1.59 CAD (1 CAD = 0.629 EUR).

United States Dollar exchange rates as of October 13, 2026: 1 EUR = 1.12 USD (1 USD = 0.896 EUR).

USD to CAD in detail →

On the map

Lowest

Highest

Between locations

Toronto Waco, TX 2,060 km ≈ 3 h nonstop flight

From you

Toronto
Waco, TX

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 Waco, TX: Cost of Living - Frequently Asked Questions

Waco, TX is cheaper overall, especially in groceries, eating out, and clothing. The 6% gap adds up to real monthly savings that compound significantly over time.

Average pay runs 17% 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 $1,251 in Waco, TX. Housing is usually the single largest factor when comparing overall living costs between the two.

Supermarket bills run roughly 9% higher in Toronto. For households that cook at home regularly, that difference adds up over a month.

Dining out is cheaper in Waco, TX – a meal for two runs $61.0 versus $76.0 in Toronto. If you eat out regularly, this makes a real dent in your monthly spending.

At $2,414 in Waco, TX versus $2,561 in Toronto, a $2,500 budget is realistic in Waco, TX but tight or insufficient in Toronto. The gap between the two cities makes Waco, TX the clear choice for anyone on this budget.

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 Waco, TX gentler on the wallet – expenses run 6% less than in Toronto. Beyond cost, consider language, visa policies, and how big the international community is in each city.