TorontovsPrague
Overall
💰-26.7%
Toronto is 26.7%cheaper
Rent
🏠-35.7%
Housing is 35.7% lower
Dining
🍽️-40.0%
Restaurants 40.0% cheaper
Groceries
🛒-33.3%
Food shopping 33.3% less
Comparing the cost of living between Toronto, Canada and Prague, Czech Republic reveals significant insights for anyone considering relocation or travel in 2025. Our comprehensive analysis shows that Toronto is more affordable than Prague by approximately 26.7%. 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 Prague by 56%. A one-bedroom apartment in Toronto's city center costs around CA$2,400, while the same in Prague is approximately CZK 20,000.
Dining out in Toronto is notably more expensive compared to Prague. An inexpensive restaurant meal costs CA$20 in Toronto versus CZK 150 in Prague.
Public transportation in Toronto is more affordable, with monthly passes at CA$156 compared to CZK 550 in Prague.
Purchasing power in Toronto is notably stronger, meaning residents can afford more goods and services with their local salaries compared to Prague.
Grocery shopping in Toronto is more expensive by approximately 50%. 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 Prague, the same lifestyle would cost around CZK 9,098. For families, these figures increase significantly, with a family of four requiring about CA$2,588 monthly in Toronto versus CZK 31,843 in Prague. 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 Prague 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 Prague 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
Prague
Frequently Asked Questions
Is Toronto more expensive than Prague?
No, Toronto is approximately 26.7% cheaper than Prague. You'll find significant savings in housing, food, and transportation costs.
How much salary do I need in Toronto compared to Prague?
To maintain the same standard of living, you would need approximately 79% of your Prague salary when living in Toronto. For example, if you earn $50,000 in Prague, you'd need about $39,474 in Toronto for a comparable lifestyle.
What are the biggest cost differences between Toronto and Prague?
The most significant cost difference is in dining out. Restaurant prices vary by about 67%, which can significantly impact your entertainment budget. 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 Prague for affordability.
What's a reasonable monthly budget for Toronto vs Prague?
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 Prague, these figures are CZK 24,098 for singles and CZK 56,843 for families. These estimates include housing, food, transportation, and basic entertainment.
The cost of living comparison between Toronto and Prague 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.
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