TorontovsPerth
Overall
💰+11.1%
Toronto is 11.1%more expensive
Rent
🏠-14.7%
Housing is 14.7% lower
Dining
🍽️+13.9%
Restaurants 13.9% pricier
Groceries
🛒+7.1%
Food shopping 7.1% more
Comparing the cost of living between Toronto, Canada and Perth, Australia reveals significant insights for anyone considering relocation or travel in 2026. Our comprehensive analysis shows that Toronto is more expensive than Perth by approximately 11.1%. 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 Perth by 17%. A one-bedroom apartment in Toronto's city center costs around CA$2,570, while the same in Perth is approximately A$1,900.
Dining out in Toronto offers significant savings compared to Perth. An inexpensive restaurant meal costs CA$25 in Toronto versus A$22 in Perth.
Public transportation in Toronto is more affordable, with monthly passes at CA$156 compared to A$160 in Perth.
Purchasing power in Perth is notably stronger, meaning residents can afford more goods and services with their local salaries compared to Toronto.
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 Perth, the same lifestyle would cost around A$800. For families, these figures increase significantly, with a family of four requiring about CA$2,929 monthly in Toronto versus A$2,801 in Perth. 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 Perth, 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 Perth 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
Toronto
Perth
Frequently Asked Questions
Is Toronto more expensive than Perth?
Yes, Toronto is approximately 11.1% more expensive than Perth overall. The biggest differences are in housing and restaurant prices.
How much salary do I need in Toronto compared to Perth?
To maintain the same standard of living, you would need approximately 1.1x of your Perth salary when living in Toronto. For example, if you earn $50,000 in Perth, you'd need about $55,556 in Toronto for a comparable lifestyle.
What are the biggest cost differences between Toronto and Perth?
The most significant cost difference is in housing. Rent prices differ by approximately 17%, making it a major factor in your budget planning. Transportation and utilities show smaller variations between the two cities.
Which city is better for expats and digital nomads?
Perth offers better purchasing power, making it more attractive for those earning in strong currencies. However, Perth provides lower living costs, which benefits budget-conscious travelers. Consider Toronto if you prioritize cultural experiences, or Perth for better value.
What's a reasonable monthly budget for Toronto vs Perth?
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 Perth, these figures are A$2,300 for singles and A$5,201 for families. These estimates include housing, food, transportation, and basic entertainment.
The cost of living comparison between Toronto and Perth 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 Perth to maintain your lifestyle from Toronto
Calculate Salary EquivalencePlanning Your Move? Get Global Health Insurance
Whether you're moving from Toronto to Perth or vice versa, SafetyWing provides comprehensive health insurance for expats and digital nomads.
- • Coverage in 180+ countries including Canada and Australia
- • 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 Canada and Australia
Moving money from CAD to AUD? 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.