Last update: Oct 2026

Cost of Living Comparison Between Toronto and Yerevan

For one person, living is cheaper in Yerevan: $1,579 a month against $2,530 in Toronto, rent and utilities included – about $11,400 less a year. Rent and utilities account for most of the difference.

125

Cost of Living Index in Toronto
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Toronto Living Index
76

Cost of Living Index in Yerevan
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Yerevan Living Index

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Toronto

🇨🇦 Canada

$2,530

/mo nomad

Yerevan

🇦🇲 Armenia

$1,579

/mo nomad

Monthly Cost of Living

How much you'll spend in Toronto and in Yerevan

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

Monthly costs for one person with rent: $2,530 in Toronto versus $1,579 in Yerevan.

Toronto $2,530
Yerevan $1,579

Estimated couple costs with rent: $3,646 in Toronto versus $2,338 in Yerevan.

Toronto $3,646
Yerevan $2,338

Monthly costs for a family of three with rent: $4,761 in Toronto versus $3,096 in Yerevan.

Toronto $4,761
Yerevan $3,096

Living in Toronto is roughly 60% more expensive than in Yerevan, and outside of rent the biggest gap is in transport.

Both cities are pricier than the global median: Toronto 89% above, Yerevan 18% above.

Meal at Budget Restaurant

$17.67 CA$25.19

$10.99 ֏3,971

60.78%

Three-Course Dinner for Two, Mid-Range

$77.4 CA$110

$62.8 ֏22.7K

23.16%

Fast Food Meal (McDonalds, etc)

$10.47 CA$14.93

$10.98 ֏3,968

-4.64%

Cappuccino

$4.08 CA$5.81

$3.88 ֏1,404

5.15%

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

$2.12 CA$3.02

$1.22 ֏441

73.77%

Water (0.33 liter bottle)

$1.76 CA$2.51

$0.71 ֏257

147.89%

Local Beer (0.5 liter draught)

$6.17 CA$8.80

$2.74 ֏992

125.18%

Imported Beer (0.33 liter bottle)

$6.89 CA$9.82

$3.53 ֏1,275

95.18%

Milk (1 liter)

$2.43 CA$3.46

$1.72 ֏623

41.28%

White Bread (500g)

$2.75 CA$3.92

$0.96 ֏346

186.46%

Rice (white) (1kg)

$2.23 CA$3.18

$2.31 ֏833

-3.46%

Eggs

$3.45 CA$4.91

$2.73 ֏987

26.37%

Local Cheese (1kg)

$8.93 CA$12.73

$8.80 ֏3,179

1.48%

Chicken Fillets (1kg)

$11.44 CA$16.31

$7.85 ֏2,837

45.73%

Beef Round Steak (1kg)

$14.61 CA$20.83

$14.18 ֏5,126

3.03%

Apples (1kg)

$3.75 CA$5.34

$1.48 ֏535

153.38%

Banana (1kg)

$1.15 CA$1.64

$1.78 ֏643

-35.39%

Oranges (1kg)

$3.55 CA$5.06

$1.93 ֏699

83.94%

Tomato (1kg)

$4.28 CA$6.10

$2.62 ֏946

63.36%

Potato (1kg)

$1.85 CA$2.63

$0.68 ֏246

172.06%

Onion (1kg)

$1.67 CA$2.38

$0.69 ֏251

142.03%

Lettuce (1 head)

$2.22 CA$3.16

$0.98 ֏353

126.53%

Water (1.5 liter bottle)

$1.21 CA$1.72

$0.78 ֏280

55.13%

Cigarettes 20 Pack (Marlboro, Camel)

$13.88 CA$19.78

$2.79 ֏1,009

397.49%

Wine (Bottle)

$14.25 CA$20.31

$10.84 ֏3,920

31.46%

Local Beer (0.5 liter bottle)

$2.20 CA$3.13

$1.59 ֏576

38.36%

Imported Beer (0.33 liter bottle)

$2.42 CA$3.45

$2.09 ֏756

15.79%

One-way Ticket (Public Transport)

$2.42 CA$3.44

$0.40 ֏143

505.00%

Public Transport Monthly Pass (Regular Price)

$111 CA$158

$24.51 ֏8,860

351.82%

Taxi Start (Normal Tariff)

$2.90 CA$4.13

$1.41 ֏508

105.67%

Taxi (Normal Tariff) (1km)

$1.26 CA$1.80

$0.58 ֏211

117.24%

Taxi 1hour Waiting (Normal Tariff)

$22.03 CA$31.40

$13.01 ֏4,703

69.33%

Gasoline (1 liter)

$1.22 CA$1.74

$1.63 ֏589

-25.15%

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

$27.6K CA$39.4K

$35.3K ֏12.8M

-21.73%

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

$19.8K CA$28.3K

$34.2K ֏12.4M

-42.13%

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

$122 CA$174

$124 ֏44.7K

-1.47%

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

$32.03 CA$45.66

$9.02 ֏3,261

255.10%

Internet (50+ Mbps, Unlimited Data)

$47.92 CA$68.3

$24.53 ֏8,865

95.35%

Gym Membership (Monthly)

$38.90 CA$55.5

$72.6 ֏26.2K

-46.40%

Tennis Court (1 Hour on Weekend)

$23.24 CA$33.12

$36.21 ֏13.1K

-35.82%

Cinema Ticket

$12.61 CA$17.97

$8.38 ֏3,027

50.48%

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

$834 CA$1,189

$371 ֏134.2K

124.61%

International Primary School, 1 Child (Yearly)

$23.3K CA$33.3K

$10.1K ֏3.6M

132.16%

Jeans (Levis 501 Or Similar)

$52.6 CA$75.0

$104 ֏37.6K

-49.49%

Summer Dress (H&M, Zara, etc)

$40.26 CA$57.4

$57.1 ֏20.6K

-29.50%

Sport Shoes (Adidas, Nike)

$96.2 CA$137

$141 ֏51.0K

-31.77%

Men's Leather Business Shoes

$123 CA$175

$162 ֏58.6K

-24.20%

1-bedroom Apartment, City Center (Monthly)

$1,598 CA$2,278

$914 ֏330.5K

74.75%

1-bedroom Apartment, Outside City Center (Monthly)

$1,435 CA$2,045

$618 ֏223.3K

132.27%

3-bedroom Apartment, City Center (Monthly)

$2,657 CA$3,787

$1,449 ֏523.8K

83.32%

3-bedroom Apartment, Outside City Center (Monthly)

$2,096 CA$2,988

$877 ֏316.8K

139.10%

Buy Apartment in City Center (m2)

$8,033 CA$11.5K

$3,358 ֏1.2M

139.23%

Buy Apartment Outside City Center (m2)

$6,557 CA$9,347

$1,529 ֏552.5K

328.96%

Average Monthly Net Salary (After Tax)

$3,743 CA$5,335

$670 ֏242.3K

458.42%

20-Year Fixed Mortgage Interest Rate (Annual %)

4.47

14.36

-68.87%

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

Last update for Toronto: October 4, 2026

Last update for Yerevan: October 5, 2026

Monthly budget structure

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

Accommodation & Living

Toronto

$1.4K 55.4%

Yerevan

$618 40% 56.9% $817

Groceries & Markets

Toronto

$340 13.1%

Yerevan

$245 15.8% 28.1% $96

Eating Out

Toronto

$282 10.9%

Yerevan

$196 12.7% 30.5% $86

Monthly Utilities & Internet

Toronto

$202 7.8%

Yerevan

$157 10.2% 22.1% $45

Clothing & Footwear

Toronto

$140 5.4%

Yerevan

$209 13.5% 48.9% $69

Getting Around

Toronto

$130 5%

Yerevan

$30 2% 76.5% $99

Sport & Entertainment

Toronto

$64 2.5%

Yerevan

$89 5.8% 39.3% $25

Cost Breakdown

A one-bedroom apartment in the center runs $1,598 in Toronto and $914 in Yerevan. Housing cost is often the main lever when comparing two cities.

Toronto pays 458% 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: $77.0 in Toronto vs $63.0 in Yerevan for a mid-range dinner for two. Groceries echo the gap at $340 vs $245 per month, with Yerevan cheaper across the board.

Good to know

🇨🇦 Toronto

🇦🇲 Yerevan

🕒 Local time

03:09 3:09 AM

11:09 11:09 AM

8 h ahead of Toronto

🌤 Weather

👥 Population

2,731,571

1,129,300 Capital

💱 Currency

Canadian Dollar CAD $

Armenian Dram AMD ֏

📈 Exchange rate

1 CAD = 0.702 USD

1 CAD = 0.626 EUR

1,000 AMD = 2.77 USD

1,000 AMD = 2.47 EUR

Exchange rates and currency converter

AMD, USD, EUR to CAD – Canadian Dollar Converter

🇺🇸 United States Dollar ($)

🇨🇦 Canadian Dollar ($)

Canadian Dollar exchange rates as of October 10, 2026: 1 USD = 1.43 CAD (1 CAD = 0.702 USD). 1 EUR = 1.6 CAD (1 CAD = 0.626 EUR).

Armenian Dram exchange rates as of October 10, 2026: 1 USD = 361 AMD (1,000 AMD = 2.77 USD). 1 EUR = 405 AMD (1,000 AMD = 2.47 EUR).

USD to CAD in detail →

On the map

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Between locations

Toronto Yerevan 9,130 km ≈ 12 h nonstop flight

From you

Toronto
Yerevan

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 Yerevan: Cost of Living - Frequently Asked Questions

Yerevan is cheaper overall, especially in groceries, eating out, and transport. The 60% gap adds up to real monthly savings that compound significantly over time.

Average pay runs 458% 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: $1,598 in Toronto versus $914 in Yerevan. Housing is usually the single largest factor when comparing overall living costs between the two.

Supermarket bills run roughly 39% higher in Toronto. For households that cook at home regularly, that difference adds up over a month.

Dining out is cheaper in Yerevan – a meal for two runs $63.0 versus $77.0 in Toronto. If you eat out regularly, this makes a real dent in your monthly spending.

At $1,579 in Yerevan versus $2,530 in Toronto, a $2,000 budget is realistic in Yerevan but tight or insufficient in Toronto. The gap between the two cities makes Yerevan 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.

Safety-wise, Toronto and Yerevan are on par. Petty crime is typical for cities this size, and most residents feel comfortable going about their daily routines in either place.

Expats usually find Yerevan gentler on the wallet – expenses run 60% less than in Toronto. Beyond cost, consider language, visa policies, and how big the international community is in each city.