The Verdict
Living in New York is 37% more expensive than Toronto.
If you move from New York to Toronto, you will pay less for housing and less for daily groceries. To maintain the same standard of life as a £40,000 salary in New York, you would need to earn about £28,160 in Toronto.
of 6 categories
categories
of 6 categories
Category Breakdown
Compare costs across 6 key categories
City Profiles
What makes each city unique
Why people love New York:
Why people love Toronto:
Real Monthly Costs
Estimated costs based on London baseline prices
| Expense | New York | Toronto | Savings |
|---|---|---|---|
| 1-bed apartment (city centre) | £3,600 | £2,100 | £-1,500 |
| Monthly groceries | £368 | £298 | £-70 |
| Dining out (10 meals) | £288 | £200 | £-88 |
| Public transport pass | £152 | £131 | £-21 |
| Utilities (electric, heating, water) | £198 | £158 | £-40 |
| Total Monthly | £4,605 | £2,887 | £-1,718 |
* Estimates based on London = 100 index. Actual costs vary by lifestyle and location within city.
Who Should Choose Which City?
Recommendations based on your priorities
- Want higher earning potential (£4,345/mo avg)
- Want lower overall living costs (37% cheaper)
- Are looking for more affordable housing
- Work in tech or startups
Salary Equivalence
How much you'd need in Toronto to match a New York salary
| Salary in New York | Equivalent in Toronto | Difference |
|---|---|---|
| £30,000 | £21,120 | £8,880 less |
| £40,000 | £28,160 | £11,840 less |
| £50,000 | £35,200 | £14,800 less |
| £60,000 | £42,240 | £17,760 less |
| £80,000 | £56,320 | £23,680 less |
| £100,000 | £70,400 | £29,600 less |
New York vs Toronto: Summary
The overall cost of living differs by 37%. Toronto is the more affordable option.
Rent: New York has a rent index of 180, while Toronto has 105.
Average Salaries: New York: £4,345/month vs Toronto: £2,655/month (both in GBP).
Out of 6 categories, New York wins 0, while Toronto wins 6.
Compare more cities or calculate your UK take-home pay.