TorontovsMontreal
Overall
💰-9.7%
Toronto is 9.7%cheaper
Rent
🏠-41.2%
Housing is 41.2% lower
Dining
🍽️-5.6%
Restaurants 5.6% cheaper
Groceries
🛒+7.1%
Food shopping 7.1% more
Comparing the cost of living between Toronto, Canada and Montreal, Canada reveals significant insights for anyone considering relocation or travel in 2026. Our comprehensive analysis shows that Toronto is more affordable than Montreal by approximately 9.7%. 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 Montreal by 70%. A one-bedroom apartment in Toronto's city center costs around CA$2,570, while the same in Montreal is approximately CA$1,500.
Dining out in Toronto costs about the same compared to Montreal. An inexpensive restaurant meal costs CA$25 in Toronto versus CA$18 in Montreal.
Public transportation in Toronto is more expensive, with monthly passes at CA$156 compared to CA$94 in Montreal.
Monthly Budget Breakdown
When breaking down monthly expenses, a single person in Toronto can expect to spend approximately CA$837 per month (excluding rent), while in Montreal, the same lifestyle would cost around CA$570. For families, these figures increase significantly, with a family of four requiring about CA$2,929 monthly in Toronto versus CA$1,994 in Montreal. 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 Montreal 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 Montreal 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
Montreal
Frequently Asked Questions
Is Toronto more expensive than Montreal?
No, Toronto is approximately 9.7% cheaper than Montreal. You'll find significant savings in housing, food, and transportation costs.
How much salary do I need in Toronto compared to Montreal?
To maintain the same standard of living, you would need approximately 91% of your Montreal salary when living in Toronto. For example, if you earn $50,000 in Montreal, you'd need about $45,570 in Toronto for a comparable lifestyle.
What are the biggest cost differences between Toronto and Montreal?
The most significant cost difference is in housing. Rent prices differ by approximately 70%, 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 Montreal for affordability.
What's a reasonable monthly budget for Toronto vs Montreal?
In Toronto, a single person needs approximately CA$2,858 per month (including rent), while a family of four requires about CA$6,129. In Montreal, these figures are CA$1,670 for singles and CA$3,894 for families. These estimates include housing, food, transportation, and basic entertainment.
The cost of living comparison between Toronto and Montreal in 2026 shows moderate 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 Montreal to maintain your lifestyle from Toronto
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