Billings vs Toronto
Cost of Living Comparison · 2026
Billings
Toronto
The Verdict
Living in Toronto costs 5.4% less than Billings. To match the purchasing power of a $75,000 salary in Billings, you would need $71,173 in Toronto.
Category-by-Category Breakdown
Index values · National average = 100 · Lower is more affordable
Salary Equivalence
A $75,000 salary in Billings has the same purchasing power as $71,173 in Toronto.
Conversely, $75,000 in Toronto equals $79,032 in Billings.
Living in Billings vs Toronto
Housing Costs
Billings's housing index of 93 is lower Toronto's 132, translating to median home prices of $310,000 vs $615,000. The $305,000 difference in home prices means roughly $19,824 per year in additional mortgage costs at current rates. Renters face a similar gap: $1,200/mo in Billings compared to $1,825/mo in Toronto, a monthly difference of $625.
Grocery & Food Costs
Grocery expenses index at 99 in Billings and 88 in Toronto. A household spending the national average of $475/month on groceries would pay approximately $470/month in Billings vs $418/month in Toronto. Toronto offers a meaningful advantage on everyday food costs, saving roughly $624/year.
Utility Expenses
Utility costs — electricity, gas, water, internet — index at 89 in Billings and 85 in Toronto. Monthly utility bills average approximately $356 in Billings vs $340 in Toronto. Utility costs are relatively comparable between these two cities.
Healthcare
Healthcare costs index at 102 in Billings and 72 in Toronto. This encompasses insurance premiums, doctor visit copays, dental care, and prescription costs. The 30-point gap reflects real differences in provider costs, insurance market competition, and regional healthcare infrastructure.
Income & Purchasing Power
Median household income is $55,438 in Billings and $55,000 in Toronto. After adjusting for local costs, purchasing-power-equivalent incomes are approximately $56,569 and $59,140 respectively. Toronto residents come out ahead in real purchasing power.
Relocation Considerations
Under the standard 28% rule, a median-income household can allocate $1,294/month to housing in Billings vs $1,283/month in Toronto. In Billings, median rent of $1,200/mo fits within this budget. In Toronto, median rent of $1,825/mo pushes past the recommended limit. The biggest category-level difference between these two cities is Housing, where the gap is 39 index points — focus your budget analysis there.
Frequently Asked Questions
Moving & Relocation Resources
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