Toronto, Canada

Economic snapshot of Toronto. See how local prices compare to global benchmarks.

Cost of Living Index

Relative to the US national average (100)

67.5

Toronto is 32.5% cheaper than the US national average.

Global Standing

Where Toronto fits in the world

Living in Toronto requires an economic calibration that reflects local purchasing power and inflation reality.

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Frequently Asked Questions — Cost of Living in Toronto

About the Cost of Living in Toronto

Toronto, Canada, currently has a Cost of Living Index of 67.5. This index is calculated based on various economic factors including consumer prices, rent, and local purchasing power relative to the United States national average of 100.

When comparing Toronto to other global hubs, it is essential to consider the local purchasing power. While some cities may have a high cost index, they may also offer higher average salaries, balancing the overall affordability for residents.

Economic indices based on global cost-of-living data.