Budget Direct Insurance Money Magazine's Insurer of the Year 2017, 2018, 2019, 2020, and 2021

Money magazine
Insurer of the
Year 2017-21

prices shown in
Toronto vs New York
Tor vs Nyc

Average net salary (After tax)

New York
Toronto

Housing

  • Rent apartment
  • Buy apartment

Rent 1 bedroom apartment

Cost per month

In city centre
Nyc
Tor
Outside city centre
Nyc
Tor

Rent 3 bedroom apartment

Cost per month

In city centre
Nyc
Tor
Outside city centre
Nyc
Tor

Buy apartment

Price per m2

In city centre
Nyc
Tor
Outside city centre
Nyc
Tor

Mortgage rates

New York
4.5%
Toronto
5.5%
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home insurance prices

Utilities

  • Basic Utilities
  • Internet & Phone

Basic utilities

Electricity, heating, water, Garbage for a 85m2 Apartment

New York
Toronto

Internet

60 Mbps or more, unlimited data, Cable/ADSL

Nyc
Tor

Mobile phone data

One-minute local prepaid call (no plan or discount)

Nyc
Tor

Transport

  • Public Transport
  • Car

One-way ticket

Local transport

Nyc
Tor

Monthly pass

Regular price

Nyc
Tor

Fuel prices

Per Litre

New York
Toronto

Buying a new car

Volkswagen Golf 1.4 90KW Trendline (Or equivalent)

Nyc
Tor
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car insurance prices

Groceries

  • Staples
  • Meat
  • Produce
  • Cigarettes

Staples

Milk 1L
Nyc
Tor
White bread 500g
Nyc
Tor
Eggs 12
Nyc
Tor
White rice 1kg
Nyc
Tor

Pack of cigarettes

(Marlboro)

New York
Toronto

Meat & cheese

Chicken breasts 1kg
Nyc
Tor
Beef round 1kg
Nyc
Tor
Local cheese 1kg
Nyc
Tor

Vegetables

Potatoes 1kg
Nyc
Tor
Lettuce 1 head
Nyc
Tor
Tomatoes 1kg
Nyc
Tor

Fruit

Apples 1kg
Nyc
Tor
Oranges 1 head
Nyc
Tor
Bananas 1kg
Nyc
Tor

Eating Out

  • Food
  • Drinks

Meal for two

Inexpensive restaurant 2 meals
Nyc $4,070.74/mth
Tor $4,070.74/mth
Mid-range restaurant Three-course meal for two people
Nyc $4,070.74/mth
Tor $4,070.74/mth

Mcdonalds McMeal

Or equivalent combo meal

New York
4.5%
Toronto
5.5%

Restaurant Prices in New York are 17.14% higher than in Toronto

Drinks

Coke/Pepsi 0.33L
bottle
Nyc $4,070.74/mth
Tor $4,070.74/mth
Water 0.33L
bottle
Nyc $4,070.74/mth
Tor $4,070.74/mth
Cappuccino regular
Nyc $4,070.74/mth
Tor $4,070.74/mth

Alcohol

  • Beer
  • Wine

Domestic beer

Restaurant 0.5L draught
Nyc
Tor
Market 0.5L bottle
Nyc
Tor

Imported beer

Restaurant 0.33L bottle
Nyc
Tor
Market 0.33L bottle
Nyc
Tor

Bottle of wine

Mid-range, from supermarket

New York
5
Toronto

Clothing

  • Clothing
  • Shoes

Pair of jeans

Levis 501 or similar

Nyc
Tor

Summer dress

From a chain store (e.g. Zara, H&M)

Nyc
Tor

Shoes

1 pair Nike shoes
Nyc
Tor
1 pair men's leather shoes
Nyc
Tor

Leisure

  • Cinema
  • Sports

Cinema

One ticket for an international release

New York
$15.33
Toronto
$11.43

Tennis court rental

One hour on weekend

Nyc $4,070.74/mth
Tor $4,070.74/mth

Fitness club

Monthly fee for one adult

Nyc $4,070.74/mth
Tor $4,070.74/mth