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Toronto vs Miami

Toronto runs about 43% cheaper than Miami for this household, a difference of 1,492 USD a month.

A south view of the Hockey Hall of Fame building, Toronto
Toronto
$3,435/month · Canada
DXR · CC BY-SA 4.0
Taken at PortMiami on March 11, 2024.
Miami
$4,927/month · United States
Kiran891 · CC BY-SA 4.0
Toronto monthly
$3,435
Index 54 (NYC = 100)
Miami monthly
$4,927
Index 77 (NYC = 100)
Difference
+43%
Miami relative to Toronto
Rent gap
$794
Miami costs more for a central 1-bed
By category

Where the gap actually is

TorontoMiami
  • Housing
    Housing: Toronto $1,950, Miami $2,744. Cheaper in Toronto.
  • Food
    Food: Toronto $764, Miami $849. Cheaper in Toronto.
  • Transport
    Transport: Toronto $207, Miami $195. Cheaper in Miami.
  • Utilities
    Utilities: Toronto $227, Miami $250. Cheaper in Toronto.
  • Healthcare
    Healthcare: Toronto $9.10, Miami $547. Cheaper in Toronto.
  • Lifestyle
    Lifestyle: Toronto $168, Miami $181. Cheaper in Toronto.
  • Other
    Other: Toronto $110, Miami $162. 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

MetricTorontoMiami
Cost
Total monthly cost3,435 USD✓4,927 USD
Cost index (New York = 100)54✓77
Housing1,950 USD✓2,744 USD
Utilities227 USD✓250 USD
Food764 USD✓849 USD
Transport207 USD195 USD✓
Healthcare9 USD✓547 USD
Lifestyle168 USD✓181 USD
Income & tax
Take-home on 100,000 USD/yr5,977 USD6,575 USD✓
Effective tax + social rate28.3%21.1%✓
Left over each month2,542 USD✓1,648 USD
Average local net salary3,400 USD3,900 USD✓
Housing
1-bed rent, city centre1,950 USD✓2,744 USD
3-bed rent, city centre3,400 USD✓5,286 USD
Buy price per m², centre9,000 USD8,200 USD✓
Quality of life
Safety76/100✓50/100
Healthcare84/100✓76/100
Air quality72/100✓68/100
Public transport76/100✓48/100
Walkability78/100✓62/100
English proficiency98/100✓88/100
Nightlife82/10090/100✓
Family friendliness82/100✓62/100
Median broadband190 Mbps250 Mbps✓
Climate
Average temperature9°C✓25°C
Summer high27°C✓32°C
Winter low-8°C15°C✓
Sunshine hours per year2,050 h2,900 h✓
Annual rainfall830 mm✓1570 mm
Practicalities
Remote-work visaNoNo
Beach access25 min15 min✓
CurrencyCADUSD
Time zoneAmerica/TorontoAmerica/New_York

Toronto runs about 43% cheaper than Miami for this household, a difference of 1,492 USD a month.

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Cost of living in TorontoCost of living in MiamiConvert a salary between themFlip the comparison
Toronto vs VancouverToronto vs SeattleToronto vs Chicago
FAQ

Frequently asked

Is Toronto or Miami cheaper?

Toronto runs about 43% cheaper than Miami for this household, a difference of 1,492 USD a month.

What salary do you need in Miami compared with Toronto?

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

Which has better quality of life, Toronto or Miami?

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