Cost of Living in Toronto

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Cost of living in toronto

The most populated city in Canada is Toronto, which serves as the province’s capital. Toronto is a major global hub for culture, business, and finance in addition to being one of the most diverse and cosmopolitan cities on earth. This city is regarded as a key location for relocation. If you’re interested in studying abroad and want to know what is the cost of living in Toronto, keep reading.

Also Read: Study in Canada

Why Choose Toronto to Study Abroad?

Toronto is one of the most well-liked places in the world to pursue an international education. Interestingly, Canada handled more than 3.60 lakh applications for study visas from Indian students last year, setting a record high that was 55% higher than in 2021. In 2022, 195,000 Indian students received approval to study there. They mostly selected Toronto as their city of higher education. Let’s look at some of the factors that make Toronto a popular study-abroad destination for international students:

  1. Academic Excellence: The main hub for education, research, and innovation in Canada is Toronto. There are numerous prominent universities in Toronto. Eight publicly financed universities and a number of smaller research organisations are located in the city. This city’s elementary and secondary education system is well-liked due to its many private and public schools.
  2. Diverse City: One of the world’s most varied cities is Toronto. The city offers you a fantastic chance to get to know new individuals from all backgrounds and all around the world. If you’re thinking about going to school in Toronto, get ready to see how diversity permeates every element of people’s life, including their food, music, dance, neighbourhoods, festivals, rituals, and even their companies. 
  3. Friendly People: The majority of Canadians are renowned for being amiable. Canadians are the world’s friendliest people, according to new research on how people interact with one another throughout the globe. The study also demonstrates that Canadians converse more than people from other nations do. 
  4. Scenic Beauty: Since Toronto is your next study destination, you will have many opportunities to see this city. Canada is famed for its stunning beauty. from the Toronto Zoo, beaches, Ripley’s Aquarium, Royal Ontario Museum, and other lovely parks. The city is full of unexpected hotspots and hidden beauties. 
  5. Friendly Immigration: In 2021, the United Nations ranked Canada as the nation that welcomed immigrants the best in the world, placing it at the top of the list once more. Canada intends to keep up its policy of welcoming immigrants. 

Must Read: Study in Toronto 2023

Cost of Living in Toronto

One should become familiar with the city before learning about the expense of living. With an average temperature of 4.2 °C in January and rising to 22.2 °C to 32 °C in the summer, Toronto has continental climate characteristics. The city receives about 834 millimetres, or 33 inches, of precipitation year. The most populous city in Canada, Toronto boasts a hugely diverse and cosmopolitan community and serves as the largest commercial, economic, and financial centre of the nation.

Also Read: Interesting Facts About Students Studying in Canada

Let’s discuss the cost of living in Toronto in more depth now that you have a better understanding of the climate and urban environment of Toronto. However, students must keep in mind that the actual cost of living in Toronto varies from person to person and depends upon the chosen lifestyles and various other parameters. Here is a basic bifurcation of expenses across categories: 

Transportation & Commutation

DetailsPrice in CADPrice in INR
Local transportationCAD 3.25 (one-way ticket)INR 201
Monthly transportation passCAD 156INR 9,690
Taxi Starting TariffCAD 4.41INR 273
Taxi Fare for 1 kmCAD 1.75INR 108

Food and Dining

DetailsPrice in CADPrice in INR
Restaurant MealsCAD 24.24 – CAD 117.50 INR 1,505 – INR 7,298
Fresh White Bread  (500g)CAD 3.43 INR 213
Milk (1 litre)CAD 3.42INR 212
White Rice (1 kg)CAD 3.98INR 247.23
Cheese (1 kg)CAD 15.23INR 946.06
Apples (1 kg)CAD 4.66INR 289.47
Oranges (1 kg)CAD 4.40INR 273.32
Bananas (1 kg)CAD 1.65INR 102.50
Tomatoes (1kg)CAD 4.91INR 305
Onions (1 kg)CAD 3.54INR 219.90
Potatoes (1 kg)CAD 3.57INR 221.76
Eggs (12)CAD 4.17INR 259.03
Chicken Fillets (1 kg)CAD 16.20INR 1006.32

    Must Read: Best Restaurants Near University of Toronto

Utility Bills

DetailsPrice in CADPrice in INR
Electricity, Cooling, Heating, Garbage, WaterCAD 177.05 per monthINR 10998.03
InternetCAD 74.48 per month INR 4626.57
Prepaid Mobile Phone Tariff (1 minute)CAD 0.41INR 25.47

Entertainment and Recreation

DetailsPrice in CADPrice in INR
Fitness ClubCAD 60.71 INR 3771.20
Tennis Court RentalCAD 22.59INR 1403.25
Movie TicketCAD 15INR 931.77

Accommodation

DetailsPrice in CADPrice in INR
1 Bedroom apartment rental (city centre)CAD 2,392.35INR 1.48 Lakh
3 Bedroom apartment rental (city centre)CAD 3,710.15INR 2.30 Lakh
1 Bedroom apartment rental (outside the city centre)CAD 1,996.77INR 1.24 Lakh
3 Bedroom apartment rental (outside the city centre)CAD 3,130.06INR 1.94 Lakh

Also Read: How To Find Accommodation in Canada?

Average Tuition Fees in Toronto

Now let’s take a look at the average tuition fees in Toronto.

Name of the UniversityQS World RankingAverage Tuition Fee 
University of Toronto#34CAD 61,350INR 38.10 Lakh
York University#456CAD 30,000INR 18.63 Lakh
Toronto Metropolitan University#801-1000CAD 31,749 – 38,472INR 19.72 Lakh – INR 23.89 Lakh

Also Read: Cheap Universities in Canada

Things to Know When Moving to Toronto

Here are some of the other factors that students should definitely know before moving to Toronto for higher education.

  • The official languages of Toronto are English and French. Toronto is a multilingual city. Many languages, from Cantonese to Spanish and Italian, are spoken in the city, which is home to individuals from all nations and cultures. 
  • The best option is to take public transit, which is widely available in Toronto and includes the subway, streetcars, and buses. A card that combines numerous possibilities or a monthly pass may come in handy. Another choice to think about in Toronto is cycling. 
  • Be prepared for significant snowfall. The winter season, which lasts from December to March, is rather chilly. It calls for layers, warm clothes, and waterproof footwear.
  • Emergency number and a well-developed healthcare system: Toronto is renowned for its excellent healthcare system. The city is home to more than 30 hospitals, including renowned facilities like the Toronto General Hospital. 9-1-1 is the emergency number in the entire city.

FAQs

Ques: Is Toronto expensive Canadian city?

Ans: Yes, Toronto is one of the most costly cities in Canada. 

Ques: Is 65k a good salary in Toronto?

Ans: The average income in Toronto is $62,050 (INR 38.50 Lakh), which is 14% more than the $54,450 (33.78 Lakh) national average. A Toronto resident making $65,000 (INR 40.33 Lakh) a year will have a take-home pay of around $49,297 (INR 30.58 Lakh), which is 4.8% higher than the city’s typical worker.

Ques: Which city is best to live in Canada for Indians?

Ans: Toronto, Vancouver and Montreal are as best cities for Indians. 

This was all about the Cost of living in Toronto. Hope this blog will help you to take better and more informed decisions while spending your finances and do everything on a budget while studying abroad in Canada. Follow Leverage Edu for more interesting blogs related to study abroad. 

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