Toronto vs Vancouver — Cost of Living
Rent, overall costs and the equivalent salary you'd need to keep your lifestyle.
| Toronto | Vancouver | |
|---|---|---|
| Overall cost index | 80 | 84 |
| Rent index | 78 | 86 |
| 1-bed city-centre rent | $2,500 | $2,800 |
A $65,000 lifestyle in Toronto needs about
$68,250
in Vancouver (cost-of-living parity, before tax)
Toronto
Canada's largest job market with high rents, though below Vancouver.
Vancouver
Canada's priciest housing market, set against mountains and ocean.
Remember that cost of living is only half the story — tax differs too. Check take-home pay with the Canada calculator and Canada calculator, or use the interactive comparator.
Frequently Asked Questions
+Is Vancouver cheaper than Toronto?
Vancouver has an overall cost-of-living index of 84 versus Toronto's 80, so it is more expensive by roughly 5%, driven largely by rent.
+What salary do I need in Vancouver to match Toronto?
To maintain a $65,000 lifestyle from Toronto, you'd need roughly $68,250 in Vancouver, based on cost-of-living parity (before tax differences).
Estimate only — not tax advice. Figures are estimates based on publicly available tax rules and may not reflect your full circumstances. See our methodology & sources (last reviewed June 2026). Always confirm with an official tax authority or a licensed adviser before making decisions.