Skip to content

Miami vs Toronto

Toronto runs about 30% cheaper than Miami for this household, a difference of 1,492 USD a month.

Taken at PortMiami on March 11, 2024.
Miami
$4,927/month · United States
Kiran891 · CC BY-SA 4.0
A south view of the Hockey Hall of Fame building, Toronto
Toronto
$3,435/month · Canada
DXR · CC BY-SA 4.0
Miami monthly
$4,927
Index 77 (NYC = 100)
Toronto monthly
$3,435
Index 54 (NYC = 100)
Difference
-30%
Toronto relative to Miami
Rent gap
$794
Miami costs more for a central 1-bed
By category

Where the gap actually is

MiamiToronto
  • Housing
    Housing: Miami $2,744, Toronto $1,950. Cheaper in Toronto.
  • Food
    Food: Miami $849, Toronto $764. Cheaper in Toronto.
  • Transport
    Transport: Miami $195, Toronto $207. Cheaper in Miami.
  • Utilities
    Utilities: Miami $250, Toronto $227. Cheaper in Toronto.
  • Healthcare
    Healthcare: Miami $547, Toronto $9.10. Cheaper in Toronto.
  • Lifestyle
    Lifestyle: Miami $181, Toronto $168. Cheaper in Toronto.
  • Other
    Other: Miami $162, Toronto $110. Cheaper in Toronto.
Each row is one category priced in both cities for the same household. The bar is the gap; exact figures are in the table below.
Interactive — adjust the household

Full comparison

MetricMiamiToronto
Cost
Total monthly cost4,927 USD3,435 USD✓
Cost index (New York = 100)7754✓
Housing2,744 USD1,950 USD✓
Utilities250 USD227 USD✓
Food849 USD764 USD✓
Transport195 USD✓207 USD
Healthcare547 USD9 USD✓
Lifestyle181 USD168 USD✓
Income & tax
Take-home on 100,000 USD/yr6,575 USD✓5,977 USD
Effective tax + social rate21.1%✓28.3%
Left over each month1,648 USD2,542 USD✓
Average local net salary3,900 USD✓3,400 USD
Housing
1-bed rent, city centre2,744 USD1,950 USD✓
3-bed rent, city centre5,286 USD3,400 USD✓
Buy price per m², centre8,200 USD✓9,000 USD
Quality of life
Safety50/10076/100✓
Healthcare76/10084/100✓
Air quality68/10072/100✓
Public transport48/10076/100✓
Walkability62/10078/100✓
English proficiency88/10098/100✓
Nightlife90/100✓82/100
Family friendliness62/10082/100✓
Median broadband250 Mbps✓190 Mbps
Climate
Average temperature25°C9°C✓
Summer high32°C27°C✓
Winter low15°C✓-8°C
Sunshine hours per year2,900 h✓2,050 h
Annual rainfall1570 mm830 mm✓
Practicalities
Remote-work visaNoNo
Beach access15 min✓25 min
CurrencyUSDCAD
Time zoneAmerica/New_YorkAmerica/Toronto

Toronto runs about 30% cheaper than Miami for this household, a difference of 1,492 USD a month.

Next

Go deeper

Cost of living in MiamiCost of living in TorontoConvert a salary between themFlip the comparison
Miami vs Los AngelesMiami vs ChicagoMiami vs Seattle
FAQ

Frequently asked

Is Miami or Toronto cheaper?

Toronto runs about 30% cheaper than Miami for this household, a difference of 1,492 USD a month.

What salary do you need in Toronto compared with Miami?

On a $100,000 gross salary you would take home $6,575 a month in Miami and $5,977 in Toronto, before local costs. Use the salary converter for an exact equivalent.

Which has better quality of life, Miami or Toronto?

Miami scores 50/100 on safety and 76/100 on healthcare; Toronto scores 76 and 84. Miami averages 25°C against 9°C in Toronto.