Irving vs Toronto
Cost of Living Comparison · 2026
Irving
Toronto
The Verdict
Toronto is 7.5% less expensive than Irving overall. A household earning $75,000 in Irving would need approximately $69,750 in Toronto to maintain the same standard of living.
Category-by-Category Breakdown
Index values · National average = 100 · Lower is more affordable
Salary Equivalence
A $75,000 salary in Irving has the same purchasing power as $69,750 in Toronto.
Conversely, $75,000 in Toronto equals $80,645 in Irving.
Living in Irving vs Toronto
Housing Costs
Irving's housing index of 94 is lower Toronto's 132, translating to median home prices of $318,000 vs $615,000. The $297,000 difference in home prices means roughly $19,308 per year in additional mortgage costs at current rates. Renters face a similar gap: $1,350/mo in Irving compared to $1,825/mo in Toronto, a monthly difference of $475.
Grocery & Food Costs
Grocery expenses index at 99 in Irving and 88 in Toronto. A household spending the national average of $475/month on groceries would pay approximately $470/month in Irving 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 111 in Irving and 85 in Toronto. Monthly utility bills average approximately $444 in Irving vs $340 in Toronto. Climate differences between the two cities drive much of this gap, with heating and cooling costs varying substantially by region.
Healthcare
Healthcare costs index at 103 in Irving and 72 in Toronto. This encompasses insurance premiums, doctor visit copays, dental care, and prescription costs. The 31-point gap reflects real differences in provider costs, insurance market competition, and regional healthcare infrastructure.
Income & Purchasing Power
Median household income is $73,400 in Irving and $55,000 in Toronto. After adjusting for local costs, purchasing-power-equivalent incomes are approximately $73,400 and $59,140 respectively. Irving residents enjoy stronger real purchasing power despite higher nominal wages.
Relocation Considerations
Under the standard 28% rule, a median-income household can allocate $1,713/month to housing in Irving vs $1,283/month in Toronto. In Irving, median rent of $1,350/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 38 index points — focus your budget analysis there.
Frequently Asked Questions
Moving & Relocation Resources
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