Montgomery vs Toronto
Cost of Living Comparison · 2026
Montgomery
Toronto
The Verdict
Montgomery is 15.1% less expensive than Toronto overall. A household earning $75,000 in Montgomery would need approximately $88,291 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 Montgomery has the same purchasing power as $88,291 in Toronto.
Conversely, $75,000 in Toronto equals $63,710 in Montgomery.
Living in Montgomery vs Toronto
Housing Costs
Montgomery's housing index of 49 is lower Toronto's 132, translating to median home prices of $162,000 vs $615,000. The $453,000 difference in home prices means roughly $29,448 per year in additional mortgage costs at current rates. Renters face a similar gap: $1,000/mo in Montgomery compared to $1,825/mo in Toronto, a monthly difference of $825.
Grocery & Food Costs
Grocery expenses index at 99 in Montgomery and 88 in Toronto. A household spending the national average of $475/month on groceries would pay approximately $470/month in Montgomery 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 115 in Montgomery and 85 in Toronto. Monthly utility bills average approximately $460 in Montgomery 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 78 in Montgomery and 72 in Toronto. This encompasses insurance premiums, doctor visit copays, dental care, and prescription costs. Healthcare costs are relatively similar between these two cities, though individual plan costs can still vary.
Income & Purchasing Power
Median household income is $56,800 in Montgomery and $55,000 in Toronto. After adjusting for local costs, purchasing-power-equivalent incomes are approximately $71,899 and $59,140 respectively. Montgomery residents enjoy stronger real purchasing power despite higher nominal wages.
Relocation Considerations
Under the standard 28% rule, a median-income household can allocate $1,325/month to housing in Montgomery vs $1,283/month in Toronto. In Montgomery, median rent of $1,000/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 83 index points — focus your budget analysis there.
Frequently Asked Questions
Moving & Relocation Resources
As an Amazon Associate we earn from qualifying purchases