Mumbai vs Toronto
Cost of Living Comparison · 2026
Mumbai
Toronto
The Verdict
Living in Mumbai costs 64.5% less than Toronto. To match the purchasing power of a $75,000 salary in Mumbai, you would need $211,364 in Toronto.
Category-by-Category Breakdown
Index values · National average = 100 · Lower is more affordable
Salary Equivalence
A $75,000 salary in Mumbai has the same purchasing power as $211,364 in Toronto.
Conversely, $75,000 in Toronto equals $26,613 in Mumbai.
Living in Mumbai vs Toronto
Housing Costs
Mumbai's housing index of 30 is lower Toronto's 132, translating to median home prices of $165,000 vs $615,000. The $450,000 difference in home prices means roughly $29,256 per year in additional mortgage costs at current rates. Renters face a similar gap: $475/mo in Mumbai compared to $1,825/mo in Toronto, a monthly difference of $1,350.
Grocery & Food Costs
Grocery expenses index at 28 in Mumbai and 88 in Toronto. A household spending the national average of $475/month on groceries would pay approximately $133/month in Mumbai vs $418/month in Toronto. Mumbai offers a meaningful advantage on everyday food costs, saving roughly $3420/year.
Utility Expenses
Utility costs — electricity, gas, water, internet — index at 18 in Mumbai and 85 in Toronto. Monthly utility bills average approximately $72 in Mumbai 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 18 in Mumbai and 72 in Toronto. This encompasses insurance premiums, doctor visit copays, dental care, and prescription costs. The 54-point gap reflects real differences in provider costs, insurance market competition, and regional healthcare infrastructure.
Income & Purchasing Power
Median household income is $9,500 in Mumbai and $55,000 in Toronto. After adjusting for local costs, purchasing-power-equivalent incomes are approximately $28,788 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 $222/month to housing in Mumbai vs $1,283/month in Toronto. In Mumbai, median rent of $475/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 Housing, where the gap is 102 index points — focus your budget analysis there.
Frequently Asked Questions
Moving & Relocation Resources
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