![Toronto, ON — Cost of Living, Housing & Relocation Guide [2026]](/images/cities/toronto-ca.jpg)
Toronto, ON
Canada's largest and most diverse city, a global finance and tech hub with world-class dining — but housing costs are among the nation's highest.
Very High vs Canada avg (100)
Very Expensive
Household income
Job market health
Toronto vs Canada Average
Taxes
- Provincial Tax: 5.05%
- Sales Tax: 13%
Economy & Jobs
- Median Income: C$72,000
- Unemployment: 5.8%
- Population: 2,794,356
Climate
- Sunny Days: 206/year
- Summer High: 80°F
- Winter Low: 19°F
Housing
- Median Home: C$1,100,000
- 1BR Rent: C$2400/mo
Cost of Living
Toronto's cost of living index is 128.4 (Canada average = 100).
| Category | Toronto | National Average | Difference |
|---|---|---|---|
| Overall | 128.4 | 100 | +28.4% |
| Housing | 152.7 | 100 | +52.7% |
Data source: Council for Community and Economic Research (C2ER), 2026
Housing Market
| Metric | Value |
|---|---|
| Median Home Price | C$1,100,000 |
| Median Rent (1BR) | C$2400/mo |
| Median Rent (2BR) | C$3,000/mo |
| Price per Sq Ft | C$733 |
Data source: Zillow Research, May 2026
True Cost of Home Ownership
Utilities
Estimated monthly utility costs for a typical household in Toronto:
| Utility | Estimated Monthly Cost | Notes |
|---|---|---|
| Electricity | C$165 | Based on ~900 kWh/month usage |
| Water | C$55 | Includes sewer |
| Internet (100+ Mbps) | C$65 | Broadband average |
| Garbage / Trash | C$35 | Private service |
| Total Utilities | C$320 | Monthly estimate |
Data sources: U.S. Energy Information Administration (EIA) 2024, EPA/AWWA water rate surveys, BroadbandNow, municipal service directories
Best Neighborhoods
Downtown Toronto
The heart of the city with restaurants, shops, and entertainment. Average rent: C$2,880/mo.
Toronto Heights
Trendy area with local businesses and a mix of historic and modern housing. Average rent: C$2,640/mo.
East Toronto
Up-and-coming neighborhood with new developments and young professionals. Average rent: C$2,160/mo.
West Toronto
Family-friendly area with parks and good schools. Average rent: C$2,280/mo.
Remote Work Score
Toronto scores 105/100 for remote work readiness:
- Internet Speed: Average 200 Mbps (Good)
- Coworking Spaces: 15+ locations (Good)
- Cost of Living: High (Fair)
- Climate: 206 sunny days/year (Good)
- Quality of Life: Moderate (Fair)
Climate
Toronto has a varied climate with distinct seasons.
| Month | Avg High | Avg Low | Rainfall |
|---|---|---|---|
| January | 39°F | 19°F | 2.5" |
| April | 65°F | 34°F | 2.8" |
| July | 80°F | 55°F | 1.5" |
| October | 60°F | 37°F | 2.2" |
Taxes
- Provincial Tax: 5.05%
- Sales Tax: 13%
- Property Tax: ~0.67% of assessed value
Economy
Major industries include technology, healthcare, education, and manufacturing. The unemployment rate is 5.8%.
Overview
Toronto is a city in ON with a population of 2,794,356. Canada’s largest and most diverse city, a global finance and tech hub with world-class dining — but housing costs are among the nation’s highest.
FAQ
Is toronto-ca a good place to live?
toronto-ca offers a strong combination of affordability, job opportunities, and quality of life. Use our cost of living calculator and relocation guides to see if it fits your budget and lifestyle.
What is the cost of living in toronto-ca?
The cost of living in toronto-ca varies by neighborhood and lifestyle. Check our detailed cost breakdown above for specific numbers on housing, groceries, utilities, and transportation.
How much do I need to earn to live comfortably in toronto-ca?
Use our Salary Equivalence Calculator to find out how much you need to earn in toronto-ca to maintain your current standard of living.
Data Sources
- Cost of living: Council for Community and Economic Research (C2ER)
- Housing data: Zillow Research
- Demographics: US Census Bureau
- Climate: National Oceanic and Atmospheric Administration (NOAA)
- Taxes: Tax Foundation
Last updated: June 30, 2026
Disclaimer: All data on this page is provided for informational purposes only and does not constitute financial, legal, tax, or real estate advice. Cost of living indices, housing prices, tax rates, and other figures are estimates based on publicly available data and may not reflect current market conditions. URCity and Northshore Press are not financial advisors, tax professionals, or real estate agents. Always consult qualified professionals before making relocation or financial decisions.
Frequently Asked Questions
What is the cost of living in Toronto, ON?
The cost of living index in Toronto is 128.4, which is above the Canada national average of 100. This makes it one of the more expensive cities.
How much does it cost to buy a home in Toronto?
The median home price in Toronto is C$1,100,000. The housing index is 152.7, which is above the national average.
What is the average rent for a 1-bedroom apartment?
The average rent for a 1-bedroom apartment in Toronto is approximately C$2400/mo.
Does Toronto, ON have provincial income tax?
Toronto is in ON, which has a provincial tax rate of 5.05%.
What is the climate like in Toronto?
Toronto enjoys approximately 206 sunny days per year. Summer highs reach around 80°F, while winter lows can drop to around 19°F.
Data Sources
All data on this page is sourced from publicly available datasets and updated regularly. Data sources include:
- Cost of Living: Statistics Canada, 2026
- Housing Data: Canadian Real Estate Association (CREA), 2026
- Income & Employment: Statistics Canada Labour Force Survey, 2024
- Climate: Environment and Climate Change Canada
Data last updated: June 30, 2026. Data may not reflect current market conditions. Always verify with local sources before making relocation decisions.