Is It More Expensive to Live in Vancouver or Toronto?

A recent analysis looks at the cost of living in Vancouver and Toronto, two of North America's most expensive cities.

Rent: The Big Difference 

The biggest difference between the two cities is rent. Without rent, the cost of living is only about 2% higher in Vancouver. But when you factor in rent, Vancouver becomes much more expensive.

According to Numbeo, rent in Vancouver is 14.5% higher than in Toronto. To maintain the same standard of living, you'd need around $9,372.40 in Vancouver compared to $8,800 in Toronto.

Dining Out: Toronto is Slightly More Expensive 

While rent is cheaper in Toronto, dining out costs more. Vancouver has cheaper imported beer, soft drinks, and meals at inexpensive restaurants. However, eating at upscale restaurants, fast food, and buying cigarettes is more expensive in Toronto.

Groceries: A Mixed Picture 

Grocery prices vary. People in Toronto report milk costs nearly double what it does in Vancouver, but Vancouverites say other items, like eggs and chicken, are more expensive. For example, a dozen eggs costs 19.8% more in Vancouver, and 1 kg of chicken fillets is 15% pricier.

Transit and Gas: Vancouver for Transit, Toronto for Gas 

Public transit is cheaper in Vancouver, with a monthly pass costing about $16 less than in Toronto. But driving in Vancouver is more expensive due to the highest gas taxes in Canada, adding about 30 cents per litre.

Utilities and Salaries: Toronto Has Higher Bills, But Higher Pay 

Utilities cost more in Toronto, with an average bill of $154.67 per month. Gym memberships are also slightly more expensive. However, the average salary in Toronto is higher at $4,813 per month compared to Vancouver's $4,597, giving people in Toronto more financial flexibility.

This breakdown is based on data from Numbeo and the article on BlogTO.

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