Guide: What is the Average Cost of Living in Toronto?

Toronto is an exciting city with a lot to offer. It is one of the most diverse and vibrant cities in North America and is home to many different types of people from different cultures, backgrounds and walks of life. But what is the average cost of living in Toronto? In this guide, we will look at the cost of living in Toronto, what you can expect to pay for rent, groceries, transportation, utilities and more, and how this will affect your budget if you are considering a move to this beautiful city.

Average Cost of Rent in Toronto

Rent is one of the biggest expenses when it comes to living in any city. According to Rentals.ca, the average rent for a one-bedroom apartment in downtown Toronto is $2,000/month as of June 2020. The cost of rent outside of downtown will be lower, and two-bedroom apartments generally cost around $2,500/month. Rental prices vary widely, depending on the particular neighbourhood and apartment building you choose. For example, a two-bedroom apartment in Queen West will be much more expensive than one in Parkdale. So it’s important to do your research and create a budget before selecting a place to live.

Average Cost Of Utilities

Utilities are another important expense to consider when relocating to Toronto. On average, the monthly cost for utilities such as electricity, water, gas and phone is between $80 and $150 per month, depending on your usage. It’s important to note that each utility company has different rates, so make sure to contact the company you plan to use for a more accurate estimate. Additionally, you may be able to get a better rate if you bundle your services.

Average Cost Of Groceries

Groceries are generally more expensive in larger cities than in smaller rural areas. In Toronto, the average cost of groceries (including produce, dairy and meats) is around $150 per week for a single person. Couples or families can expect to pay around $300 per week. The cost of groceries also depends on where you shop. Superstore and Costco tends to be less expensive than specialty stores like Wholefoods or Loblaws. Buying items in bulk can also help to save money on groceries.

Average Cost Of Transportation In Toronto

Transportation is another major expense that needs to be considered when calculating the average cost of living in Toronto. According to The Toronto Transit Commission, the regular fare for adults is $3.10 per ride, or $146.25 for a monthly pass which provides unlimited travel on all regular TTC services including buses, streetcars, subways and the Scarborough Rapid Transit line. For individuals who make several trips each month, a Metropass may be more cost-effective as it provides unlimited travel for a fixed price for each month. For those who drive, car insurance can also add to your overall expenses.

Average Cost Of Amenities

Amenities such as entertainment and dining out can add significantly to your monthly expenses. The average cost of a meal out in Toronto is around $12-$15 per person, while drinks cost around $5-$7 each (wine bar drinks will be more expensive). Cinema tickets cost around $12 each at regular prices with discounts available at certain times (Monday after 6 pm typically being the cheapest time). Other amenities such as gym memberships, yoga classes and spa treatments can vary widely depending on where you go and how often you attend, but it’s safe to say that the prices will be higher than those found in more rural areas.

Final Thoughts On The Average Cost Of Living In Toronto

Moving to a new city always involves a period of adjustment as you get used to the new costs associated with living there. In Toronto, rent and transportation will likely be your biggest expenses, but utilities, groceries and amenities all need to be taken into consideration when creating your budget. Overall, living in Toronto is more expensive than living in more rural areas due to higher rents and amenities costs, but it is still possible to enjoy life in this vibrant city while staying within your budget if you plan and manage your finances effectively.

Insider’s Guide: Uncovering the Hidden Gems of Toronto

As one of the most multicultural cities in the world, Toronto offers endless possibilities for exploration. However, beyond the CN Tower and the bustling Yonge-Dundas square, there is a vast array of hidden gems that only locals know about. Here’s our insider’s guide to uncovering the best Toronto has to offer.

Local Attractions: Explore the City’s Hidden Gems

Nestled in the heart of the city, Kensington Market is at the top of the list of hidden gems. A bustling, vibrant neighbourhood, it’s full of charming alleyways and graffiti art. Stop by Wanda’s Pie in the Sky for a delicious apple pie, or visit Jimmy’s Coffee for a fresh, locally roasted cup of coffee. Nathan Phillips Square is an outdoor hub in the summer, with events and live concerts.

But nothing can beat Toronto’s breathtaking skyline, especially at sunset. Grab a bite at the Amsterdam Brewery and head to Polson Pier to witness the cityscape burst into colourful hues of purple and orange.

Dining Spots: Indulge in Toronto’s Flavours

Toronto’s multiculturalism is not only seen in its people but in its food too. Head to St. Lawrence Market for the freshest produce and indulge in diverse cuisine, such as peameal bacon sandwiches and Montreal bagels. Venture into Chinatown for dim sum at Rol San, or grab a table at The Black Hoof for a contemporary twist on charcuterie.

Home to the famous Jiggs dinner, the Newfoundland Bakery in Parkdale is worth the trip, as is the city’s first plant-based pizza joint, Apiecalypse Now!, for a vegan-friendly indulgence.

Cultural Experiences: Dive into Toronto’s Rich Traditions

Toronto is home to a diverse range of cultural experiences. Visit the Bata Shoe Museum for a unique insight into the history of footwear, from ancient Egypt to modern pop culture. For an unparalleled theatre experience, visit The Second City – considered to be the home of modern improvisation.

The Royal Ontario Museum provides an exciting collection of world culture, art, and nature, or head over to the Canadian Opera Company to witness a captivating live performance.

Local History: Unearth Fascinating Stories from Toronto’s Past

Toronto has a rich history that’s often overlooked. The Distillery District, home to boutiques, breweries, art galleries, and cafes, was once an industrial site producing whiskey and was nearly demolished. Today, visitors can explore the cobblestoned streets and restored Victorian architecture.

The Toronto Island Park is a must-visit, with centuries-old history and mansions that still stand today. It once served as a quarantine station, and an amusement park where visitors could enjoy haunted houses and roller coasters.

Off-the-Beaten-Path Suggestions: Discover Unique Toronto Experiences

Looking for something out of the ordinary? The Flatiron Building, one of the city’s most photographed landmarks, is worth a visit. The Toronto Islands have a clothing-optional beach, Hanlan’s Point. Or experience the native side of Toronto at the powwow of the Indigenous Arts Festival.

Toronto’s Graffiti Alley is a feast for the eyes, and the exterior of the now-defunct Honest Ed’s building is a colourful and whimsical mural that certainly merits a snapshot.

In Summary, this insider’s guide to Toronto offers a unique perspective on where to go and what to do in the city. Whether visiting locals’ favourite spots, trying new and diverse foods, or immersing themselves in Canadian culture seems like the perfect itinerary. Hopefully, the readers will take away some unforgettable memories and a newfound love for the great city of Toronto!