Toronto Cost of Living 2026
Canada · Big city — about the US average. Updated September 2026 Not just the exchange rate: how cheap it feels on your own income, and where a price turns into a rip-off.
Toronto price table & rip-off thresholds
| Item | Base price | Normal range | Rip-off? |
|---|---|---|---|
| Local mealper person | C$22$16.2 | C$15.4 – C$35.2 | C$42.24+ |
| Street food1 item | C$9.9$7.28 | C$5.94 – C$17.82 | C$21.38+ |
| Restaurant dinnerper person | C$57$41.9 | C$39.9 – C$91.2 | C$109.44+ |
| Bakery & dessert1 item | C$5.4$3.97 | C$3.24 – C$9.72 | C$11.66+ |
| Coffeeone cup | C$6$4.41 | C$3.6 – C$9.6 | C$11.52+ |
| Fruit juiceone cup | C$8$5.88 | C$4.8 – C$14.4 | C$17.28+ |
| Convenience store1 snack or drink | C$6.3$4.63 | C$3.78 – C$11.97 | C$14.36+ |
| Bottled water | C$2.5$1.84 | C$1.75 – C$5 | C$6+ |
| Beerone bottle | C$9$6.62 | C$5.4 – C$15.3 | C$18.36+ |
| Cocktail & wineone cup | C$23$16.9 | C$13.8 – C$39.1 | C$46.92+ |
| Taxi5 km in town | C$22$16.2 | C$17.6 – C$35.2 | C$42.24+ |
| Tuk-tuk / moto taxishort hop | C$16$11.8 | C$11.2 – C$28.8 | C$34.56+ |
| Transitone ride | C$3.5$2.57 | C$3.15 – C$4.55 | C$5.46+ |
| Scooter rentalper day | C$68$50 | C$47.6 – C$108.8 | C$130.56+ |
| Hotel night3-star | C$260$191 | C$156 – C$416 | C$499.2+ |
| Laundry | C$5.5$4.04 | C$3.85 – C$8.8 | C$10.56+ |
| SIM card1 week data | C$34$25 | C$23.8 – C$57.8 | C$69.36+ |
| Haircutcut | C$39$28.7 | C$23.4 – C$70.2 | C$84.24+ |
| Massage1 hour | C$110$80.9 | C$77 – C$176 | C$211.2+ |
| Half-day tourper person | C$110$80.9 | C$77 – C$176 | C$211.2+ |
| Entry ticketTourist town | C$30$22.1 | C$24 – C$42 | C$50.4+ |
Base prices start from public cost-of-living data; once 3+ traveler reports come in, the app blends in what travelers actually paid. Rate C$1.36 per USD, for reference.
Live prices reported in Toronto
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FAQ
How much does it cost to live in Toronto for a month?
A short-term studio rental (about $4,332) plus food, coffee, transport and a SIM (about $2,170) comes to roughly $6,502 a month. A local long-term lease (studio C$2,600) brings it down a lot.
What is a realistic daily budget for Toronto?
A mid-range room (about $197 a night) plus three meals, a coffee and two taxi rides is about $340 a day. Hostels and local eateries bring it well under that.
How do I know if a taxi in Toronto is overcharging?
For 5 km in the city, expect C$17.6 – C$35.2. Anything above C$42.24 is suspicious. The app's Price Check lets you pick the distance and gives a verdict in seconds.
How much is a coffee or a local meal in Toronto?
Coffee about C$6 ($4.41), a local meal about C$22 ($16.2), dinner at a mid-range restaurant about C$57.