Cost of Living Calculator
Compare monthly expenses across Canadian cities
Planning a move to Canada? See how much you will need each month for rent, groceries, transit, and more — or compare two cities side by side to find the best fit for your budget.
Monthly Cost Breakdown
Estimated Monthly Cost (Single, 1-BR)
$4,965/mo
Add ~$700/month for a 2-bedroom apartment instead
Salary Needed
To comfortably afford living in Toronto, you'd need a pre-tax salary of approximately
$89K/year
Based on the 50% of gross income guideline
Costs are estimates based on 2026 averages. Actual costs vary by neighbourhood, lifestyle, and personal choices.
Cost of Living in Canada 2026
The cost of living in Canada varies dramatically from city to city. Vancouver and Toronto remain the most expensive, with one-bedroom apartments averaging over $2,400 per month. Meanwhile, cities like Regina, Saskatoon, and Fredericton offer significantly lower costs, making them attractive options for newcomers looking to stretch their budget while building a career.
Montreal stands out for its remarkably affordable childcare thanks to Quebec's universal subsidized daycare program, where parents pay as little as $9.10 per day. This can save families over $1,000 per month compared to cities like Toronto or Vancouver, making it one of the most family-friendly cities in Canada despite its cold winters.
When planning your move, consider total monthly expenses rather than rent alone. Utilities in prairie cities like Edmonton and Saskatoon tend to be higher due to heating costs, while transit passes are cheapest in smaller cities. Use this calculator alongside our Salary Explorer and CRS Calculator to plan your Canadian journey with confidence.