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Cost of Living Comparison (2026)
Vancouver is 5% cheaper than Toronto
Quick answer
Comparing Toronto, Canada and Vancouver, Canada: a moderate single-person monthly budget is approximately $2,850 in Toronto versus $3,000 in Vancouver. Vancouver is roughly 5% cheaper overall. Central 1-bed rent: $2,100/mo (Toronto) vs $2,000/mo (Vancouver). Estimates use World Bank PPP data + national statistics + (where available) item-level price snapshots.
Key facts
| Lifestyle | 🇨🇦 Toronto | 🇨🇦 Vancouver | Difference |
|---|---|---|---|
| Budget | $2,000/mo | $2,100/mo | +5% |
| Moderate | $2,850/mo | $3,000/mo | +5% |
| Comfortable | $4,300/mo | $4,500/mo | +5% |
Estimates for a single person. Based on World Bank PPP data and national statistics.
| Category | 🇨🇦 Toronto | 🇨🇦 Vancouver | Diff |
|---|---|---|---|
| Housing (1-bed, center) | $2,100/mo | $2,000/mo | -5% |
| Groceries & Food | $570/mo | $600/mo | +5% |
| Dining Out | $360/mo | $320/mo | -11% |
| Transport | $110/mo | $75/mo | -32% |
| Utilities & Internet | $285/mo | $300/mo | +5% |
| Healthcare | $228/mo | $240/mo | +5% |
| Leisure & Personal | $200/mo | $210/mo | +5% |
Explore more: Toronto city guide | Vancouver city guide | Canada