Missoula vs Toronto
Cost of Living Comparison · 2026
Missoula
Toronto
The Verdict
The cost gap between these cities is 23.7%, with Toronto being the more affordable option. A $75,000 income in Missoula has equivalent purchasing power to $60,652 in Toronto.
Category-by-Category Breakdown
Index values · National average = 100 · Lower is more affordable
Salary Equivalence
A $75,000 salary in Missoula has the same purchasing power as $60,652 in Toronto.
Conversely, $75,000 in Toronto equals $92,742 in Missoula.
Living in Missoula vs Toronto
Housing Costs
Missoula's housing index of 141 is higher Toronto's 132, translating to median home prices of $460,000 vs $615,000. The $155,000 difference in home prices means roughly $10,080 per year in additional mortgage costs at current rates. Renters face a similar gap: $1,400/mo in Missoula compared to $1,825/mo in Toronto, a monthly difference of $425.
Grocery & Food Costs
Grocery expenses index at 103 in Missoula and 88 in Toronto. A household spending the national average of $475/month on groceries would pay approximately $489/month in Missoula vs $418/month in Toronto. Toronto offers a meaningful advantage on everyday food costs, saving roughly $852/year.
Utility Expenses
Utility costs — electricity, gas, water, internet — index at 89 in Missoula and 85 in Toronto. Monthly utility bills average approximately $356 in Missoula vs $340 in Toronto. Utility costs are relatively comparable between these two cities.
Healthcare
Healthcare costs index at 102 in Missoula 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 $49,234 in Missoula and $55,000 in Toronto. After adjusting for local costs, purchasing-power-equivalent incomes are approximately $42,812 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 $1,149/month to housing in Missoula vs $1,283/month in Toronto. In Missoula, median rent of $1,400/mo exceeds this threshold, suggesting renters may feel stretched. In Toronto, median rent of $1,825/mo pushes past the recommended limit. The biggest category-level difference between these two cities is Healthcare, where the gap is 30 index points — focus your budget analysis there.
Frequently Asked Questions
Moving & Relocation Resources
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