TorontovsMexico City
Overall
💰-40.0%
Toronto is 40.0%cheaper
Rent
🏠-50.0%
Housing is 50.0% lower
Dining
🍽️-46.7%
Restaurants 46.7% cheaper
Groceries
🛒-46.7%
Food shopping 46.7% less
Comparing the cost of living between Toronto, Canada and Mexico City, Mexico reveals significant insights for anyone considering relocation or travel in 2025. Our comprehensive analysis shows that Toronto is more affordable than Mexico City by approximately 40.0%. 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 Toronto are higher than in Mexico City by 100%. A one-bedroom apartment in Toronto's city center costs around CA$2,400, while the same in Mexico City is approximately MX$15,000.
Dining out in Toronto is notably more expensive compared to Mexico City. An inexpensive restaurant meal costs CA$20 in Toronto versus MX$100 in Mexico City.
Public transportation in Toronto is more affordable, with monthly passes at CA$156 compared to MX$500 in Mexico City.
Purchasing power in Toronto is notably stronger, meaning residents can afford more goods and services with their local salaries compared to Mexico City.
Grocery shopping in Toronto is more expensive by approximately 88%. 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 Toronto can expect to spend approximately CA$739 per month (excluding rent), while in Mexico City, the same lifestyle would cost around MX$5,050. For families, these figures increase significantly, with a family of four requiring about CA$2,588 monthly in Toronto versus MX$17,675 in Mexico City. 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 Mexico City to Toronto, 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 Toronto to Mexico City 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
Toronto
Mexico City
Frequently Asked Questions
Is Toronto more expensive than Mexico City?
No, Toronto is approximately 40.0% cheaper than Mexico City. You'll find significant savings in housing, food, and transportation costs.
How much salary do I need in Toronto compared to Mexico City?
To maintain the same standard of living, you would need approximately 71% of your Mexico City salary when living in Toronto. For example, if you earn $50,000 in Mexico City, you'd need about $35,714 in Toronto for a comparable lifestyle.
What are the biggest cost differences between Toronto and Mexico City?
The most significant cost difference is in housing. Rent prices differ by approximately 100%, making it a major factor in your budget planning. Transportation and utilities show notable variations between the two cities.
Which city is better for expats and digital nomads?
Toronto offers better purchasing power, making it more attractive for those earning in strong currencies. However, Toronto provides lower living costs, which benefits budget-conscious travelers. Consider Toronto if you prioritize earning potential, or Mexico City for affordability.
What's a reasonable monthly budget for Toronto vs Mexico City?
In Toronto, a single person needs approximately CA$2,639 per month (including rent), while a family of four requires about CA$5,588. In Mexico City, these figures are MX$13,050 for singles and MX$35,675 for families. These estimates include housing, food, transportation, and basic entertainment.
The cost of living comparison between Toronto and Mexico City in 2025 shows significant 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 Mexico City to maintain your lifestyle from Toronto
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