CostTrek

Compare

London vs Toronto

Cost-of-living comparison and salary equivalence. Enter your current salary to see what you'd need to earn to live equally well.

$/ year

To keep the same standard of living in Toronto, CA, you'd need

$64,904 / year

Toronto, CA is 13% cheaper overall

Category breakdown (Toronto, CA vs London, UK)

  • Housing-15%
  • Food & groceries-8%
  • Transport-23%
  • Utilities-19%
  • Healthcare-3%
  • Goods & services-10%

Full comparison

London, UKToronto, CA
Cost of living
Overall cost index138119
Housing178152
Food118108
Transport130100
Utilities130105
Healthcare8885
Goods & services122110
Housing
Rent, 1-bed centre$2,600/mo$1,900/mo
Rent, 1-bed outside$1,850/mo$1,500/mo
Rent, 3-bed centre$5,200/mo$3,800/mo
Buy price / m² centre$16,000$9,000
Money & purchasing power
$1,000 goes as far as$727$840
Inexpensive meal$20$18
Monthly transit pass$200$115
Taxes
Income tax (top rate)45%33%
VAT / sales tax20%5%
Social security (employee)8%
Corporate tax25%26.5%
Capital gains24%
Economy & salaries
Avg net salary$2,900/mo$3,300/mo
Minimum wage$2,050/mo$1,900/mo
GDP per capita$49,000$54,000
Work & digital nomad
Digital-nomad visaNoYes
English proficiencyNativeNative
Coworking spaces25090
Time zoneUTC+0UTC-5
Quality of life
Safety index5570
Healthcare index7482
Pollution index6040
Internet speed90 Mbps180 Mbps
Walkability8880
Public transport9278
Family-friendly6272
Tap waterSafe to drinkSafe to drink
Life expectancy81 yr82 yr
LGBTQ+ acceptanceHighHigh
Climate
January avg+5 °C-4 °C
July avg+19 °C+22 °C
Sunny days / year106100
Rainfall / year690 mm830 mm
Connectivity
Flight to nearest hub1 h1.5 h

Taxes & Economy & salaries: United Kingdom vs Canada. Estimates use approximate cost-of-living indices (US average = 100) and are for general guidance only.

? Frequently asked questions

Is London cheaper than Toronto?

Toronto is about 13% cheaper than London overall — its cost-of-living index is 119 versus 138 for London.

How much do you need to earn in Toronto to live like in London?

To keep the same standard of living, a $75,000 salary in London is worth about $64,904 in Toronto. Enter your own figure in the calculator above.

Which has lower taxes, London or Toronto?

Canada has the lower top income-tax rate — 33% versus 45% in United Kingdom.

More comparisons from London

Estimates use approximate cost-of-living indices (US average = 100) and are for general guidance only.