Toronto vs New York

Cost of living comparison — which city stretches your money further?

More Affordable

Toronto

Canada

65.6cost index

Toronto is 34.400000000000006% cheaper than the US average.

New York

United States

100cost index

New York is 0% cheaper than the US average.

Price Difference

52.4%

New York is 52.4% pricier than Toronto

Salary Equivalent

0.66x

If I earnin Toronto

I need approx$112,088in New York

Mirror Your Salary

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Understanding the Toronto vs New York Comparison

The cost of living comparison between Toronto, Canada and New York, United Stateshighlights the economic differences between these two locations. With Toronto at an index of 65.6and New York at 100, the data shows that Toronto is significantly more affordable for the average resident.

When moving or traveling between these cities, it's important to adjust your salary expectations. A salary in Toronto does not have the same purchasing power as the same amount in New York. Our Global Mirror tool helps you visualize this difference by "mirroring" your current lifestyle in the target city.