SydneyvsToronto
Overall
💰-18.2%
Sydney is 18.2%cheaper
Rent
🏠-26.1%
Housing is 26.1% lower
Dining
🍽️-24.2%
Restaurants 24.2% cheaper
Groceries
🛒-28.6%
Food shopping 28.6% less
Comparing the cost of living between Sydney, Australia and Toronto, Canada reveals significant insights for anyone considering relocation or travel in 2026. Our comprehensive analysis shows that Sydney is more affordable than Toronto by approximately 18.2%. This comparison covers essential living expenses including housing, food, transportation, and utilities, providing you with a complete picture of what to expect financially in each city.
Key Cost Differences
Housing costs in Sydney are higher than in Toronto by 35%. A one-bedroom apartment in Sydney's city center costs around A$3,555, while the same in Toronto is approximately CA$2,570.
Dining out in Sydney is notably more expensive compared to Toronto. An inexpensive restaurant meal costs A$30 in Sydney versus CA$25 in Toronto.
Public transportation in Sydney is more expensive, with monthly passes at A$217 compared to CA$156 in Toronto.
Grocery shopping in Sydney is more expensive by approximately 40%. Basic items like milk, bread, and eggs show higher prices across the board.
Monthly Budget Breakdown
When breaking down monthly expenses, a single person in Sydney can expect to spend approximately A$1,124 per month (excluding rent), while in Toronto, the same lifestyle would cost around CA$837. For families, these figures increase significantly, with a family of four requiring about A$3,934 monthly in Sydney versus CA$2,929 in Toronto. These estimates include groceries, dining out, transportation, utilities, and entertainment, providing a realistic picture of day-to-day living costs in each city.
Detailed Cost Comparison
🏠 Housing Costs (Monthly Rent)
🍽️ Food & Dining
🛒 Groceries
🚌 Transportation
💡 Utilities & Internet
Tips for Moving Between Cities
For those considering a move from Toronto to Sydney, the cost savings can be substantial, particularly in housing and daily expenses. However, it's important to factor in salary differences and job opportunities. Conversely, moving from Sydney to Toronto requires careful financial planning. Consider negotiating salary adjustments that reflect the higher cost of living, and research neighborhoods outside the city center for more affordable housing options while maintaining reasonable commute times.
Quality of Life Indices
Sydney
Toronto
Frequently Asked Questions
Is Sydney more expensive than Toronto?
No, Sydney is approximately 18.2% cheaper than Toronto. You'll find significant savings in housing, food, and transportation costs.
How much salary do I need in Sydney compared to Toronto?
To maintain the same standard of living, you would need approximately 85% of your Toronto salary when living in Sydney. For example, if you earn $50,000 in Toronto, you'd need about $42,308 in Sydney for a comparable lifestyle.
What are the biggest cost differences between Sydney and Toronto?
The most significant cost difference is in groceries. Grocery costs differ by roughly 40%, affecting your daily shopping expenses. Transportation and utilities show notable variations between the two cities.
Which city is better for expats and digital nomads?
Sydney offers better purchasing power, making it more attractive for those earning in strong currencies. However, Sydney provides lower living costs, which benefits budget-conscious travelers. Consider Sydney if you prioritize earning potential, or Toronto for affordability.
What's a reasonable monthly budget for Sydney vs Toronto?
In Sydney, a single person needs approximately A$3,437 per month (including rent), while a family of four requires about A$7,933. In Toronto, these figures are CA$2,858 for singles and CA$6,129 for families. These estimates include housing, food, transportation, and basic entertainment.
The cost of living comparison between Sydney and Toronto in 2026 shows notable differences across various expense categories. Whether you're planning a relocation for work, considering retirement options, or simply curious about living costs, understanding these differences is crucial for making informed financial decisions.
Need to calculate salary equivalence?
Find out how much you need to earn in Toronto to maintain your lifestyle from Sydney
Calculate Salary EquivalencePlanning Your Move? Get Global Health Insurance
Whether you're moving from Sydney to Toronto or vice versa, SafetyWing provides comprehensive health insurance for expats and digital nomads.
- • Coverage in 180+ countries including Australia and Canada
- • No home country restrictions
- • Monthly subscription from $45/month, cancel anytime
- • Covers COVID-19 and pre-existing conditions
Trusted by 100,000+ nomads worldwide
Transfer Money Between Australia and Canada
Moving money from AUD to CAD? Wise offers the real exchange rate with low, transparent fees - up to 8x cheaper than banks.
- • Real mid-market exchange rate, no hidden fees
- • Transfer to 80+ countries in 50+ currencies
- • Most transfers arrive in seconds
- • Trusted by 16+ million people worldwide
Fee-free first transfer up to $500
Related Comparisons
Stay Updated on Cost of Living Changes
Get monthly updates delivered to your inbox. We update data on the 1st of every month.