TorontovsVancouver
Overall
💰+5.6%
Toronto is 5.6%more expensive
Rent
🏠+10.3%
Housing is 10.3% higher
Dining
🍽️0.0%
Restaurants 0.0% same
Groceries
🛒+7.1%
Food shopping 7.1% more
Comparing the cost of living between Toronto, Canada and Vancouver, Canada reveals significant insights for anyone considering relocation or travel in 2026. Our comprehensive analysis shows that Toronto is more expensive than Vancouver by approximately 5.6%. 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 lower than in Vancouver by 9%. A one-bedroom apartment in Toronto's city center costs around CA$2,570, while the same in Vancouver is approximately CA$2,750.
Dining out in Toronto costs about the same compared to Vancouver. An inexpensive restaurant meal costs CA$25 in Toronto versus CA$25 in Vancouver.
Public transportation in Toronto is more expensive, with monthly passes at CA$156 compared to CA$137 in Vancouver.
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 Vancouver, the same lifestyle would cost around CA$790. For families, these figures increase significantly, with a family of four requiring about CA$2,929 monthly in Toronto versus CA$2,764 in Vancouver. 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 Vancouver, 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 Vancouver 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
Vancouver
Frequently Asked Questions
Is Toronto more expensive than Vancouver?
Yes, Toronto is approximately 5.6% more expensive than Vancouver overall. The biggest differences are in housing and restaurant prices.
How much salary do I need in Toronto compared to Vancouver?
To maintain the same standard of living, you would need approximately 1.1x of your Vancouver salary when living in Toronto. For example, if you earn $50,000 in Vancouver, you'd need about $52,778 in Toronto for a comparable lifestyle.
What are the biggest cost differences between Toronto and Vancouver?
The most significant cost difference is in housing. Rent prices differ by approximately 9%, 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?
Toronto offers better purchasing power, making it more attractive for those earning in strong currencies. However, Vancouver provides lower living costs, which benefits budget-conscious travelers. Consider Toronto if you prioritize earning potential, or Vancouver for affordability.
What's a reasonable monthly budget for Toronto vs Vancouver?
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 Vancouver, these figures are CA$2,990 for singles and CA$6,464 for families. These estimates include housing, food, transportation, and basic entertainment.
The cost of living comparison between Toronto and Vancouver 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 Vancouver to maintain your lifestyle from Toronto
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