{"id":23702,"date":"2021-08-13T07:18:22","date_gmt":"2021-08-13T07:18:22","guid":{"rendered":"https:\/\/www.reliablecounter.com\/blog\/?p=23702"},"modified":"2021-08-13T07:18:22","modified_gmt":"2021-08-13T07:18:22","slug":"the-cost-of-living-in-toronto","status":"publish","type":"post","link":"https:\/\/www.reliablecounter.com\/blog\/the-cost-of-living-in-toronto\/","title":{"rendered":"The Cost of Living in Toronto"},"content":{"rendered":"

Toronto is one of the most beautiful and multicultural cities on earth.\u00a0 There’s nothing quite like the liveliness you can find in this city and the incredible people that call it home. But, unfortunately, it’s also very famous for being one of the most expensive cities in the country.<\/span><\/p>\n

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If you’re curious about living in Toronto and aren’t sure if it’s within your budget to do so: these are the top things you need to know.<\/span><\/p>\n

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Rent and Housing<\/span><\/h2>\n

The cost of your rent or housing will differ an extreme amount depending on where in the city you are.\u00a0 The further away from downtown and city central: the better chance you’ll have at finding housing at affordable rates.\u00a0 The cost of renting the average two-bedroom apartment in Toronto can range between $1,200 to $1,500 a month but can go lower if you don’t mind the commute.<\/span><\/p>\n

Real estate in Toronto<\/span><\/a> is also pricier, sitting at around $870,000 for a house, which is $150,000 more than the national average.\u00a0 This can be a steep amount of money to pay, so if you\u2019re not prepared for that, renting may be your best option.\u00a0<\/span><\/p>\n

Food And Daily Expenses<\/span><\/h2>\n

The nice thing about Toronto is that it gives and takes how much groceries can cost.\u00a0 If you shop in more high-end areas and at expensive stores: you’re going to find higher prices that make it impossible to survive.\u00a0 Some smaller stores that are locally owned make it a lot better.\u00a0 <\/span>Unfortunately, Toronto\u2019s cost of food<\/span><\/a> and daily expenses are still more expensive than the national average, with a single person racking up around $980 a month in expenditures without rent.\u00a0\u00a0<\/span><\/p>\n

Entertainment and Fun<\/span><\/h2>\n

If you want to save money: this is the part of your budget that will let you do it in Toronto!\u00a0 The entertainment and fun in this city are cheaper than anywhere else since so many experiences offer free or discounted options.\u00a0 These savings can go even further if you’re a student in the town since many areas allow discounts for those with student IDs.<\/span><\/p>\n

Car Insurance and Transit<\/span><\/h2>\n

Car insurance is a major expense people have to deal with if they want to avoid public transit.\u00a0 For the most part, this insurance can <\/span>cost just under $200 a month<\/span><\/a>. However, if you pile a car payment on top of that, plus gasoline and services, it can feel like you’re paying double rent to have a mode of transit.<\/span><\/p>\n

If public transit is more your style, you can find a monthly pass for adults <\/span>at less than $160 a month<\/span><\/a>, which means you\u2019d be paying far less than all of the money that goes into owning a car.\u00a0 Although this does mean you rely on the public transit\u2019s timing, and you have to share your vehicle, it gives you the chance to help the environment while also saving money.<\/span><\/p>\n

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Toronto is an expensive city, there’s no getting around that, but with the amount, you can make by breaking into the incredible tech industries in the city: it can be worth it!\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Toronto is one of the most beautiful and multicultural cities on earth.\u00a0 There’s nothing quite like the liveliness you can find in this city and the incredible people that call it home. But, unfortunately, it’s […]<\/p>\n","protected":false},"author":1,"featured_media":20434,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[85],"tags":[],"class_list":["post-23702","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-travel"],"_links":{"self":[{"href":"https:\/\/www.reliablecounter.com\/blog\/wp-json\/wp\/v2\/posts\/23702"}],"collection":[{"href":"https:\/\/www.reliablecounter.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.reliablecounter.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.reliablecounter.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.reliablecounter.com\/blog\/wp-json\/wp\/v2\/comments?post=23702"}],"version-history":[{"count":1,"href":"https:\/\/www.reliablecounter.com\/blog\/wp-json\/wp\/v2\/posts\/23702\/revisions"}],"predecessor-version":[{"id":23703,"href":"https:\/\/www.reliablecounter.com\/blog\/wp-json\/wp\/v2\/posts\/23702\/revisions\/23703"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.reliablecounter.com\/blog\/wp-json\/wp\/v2\/media\/20434"}],"wp:attachment":[{"href":"https:\/\/www.reliablecounter.com\/blog\/wp-json\/wp\/v2\/media?parent=23702"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.reliablecounter.com\/blog\/wp-json\/wp\/v2\/categories?post=23702"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.reliablecounter.com\/blog\/wp-json\/wp\/v2\/tags?post=23702"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}