Paris vs Toronto
Cost of Living Comparison · 2026
Paris
Toronto
The Verdict
Toronto is 20.4% less expensive than Paris overall. A household earning $75,000 in Paris would need approximately $62,277 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 Paris has the same purchasing power as $62,277 in Toronto.
Conversely, $75,000 in Toronto equals $90,323 in Paris.
Living in Paris vs Toronto
Housing Costs
Paris's housing index of 155 is higher Toronto's 132, translating to median home prices of $695,000 vs $615,000. The $80,000 difference in home prices means roughly $5,196 per year in additional mortgage costs at current rates. Renters face a similar gap: $1,800/mo in Paris compared to $1,825/mo in Toronto, a monthly difference of $25.
Grocery & Food Costs
Grocery expenses index at 98 in Paris and 88 in Toronto. A household spending the national average of $475/month on groceries would pay approximately $466/month in Paris vs $418/month in Toronto. Toronto offers a meaningful advantage on everyday food costs, saving roughly $576/year.
Utility Expenses
Utility costs — electricity, gas, water, internet — index at 108 in Paris and 85 in Toronto. Monthly utility bills average approximately $432 in Paris 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 85 in Paris and 72 in Toronto. This encompasses insurance premiums, doctor visit copays, dental care, and prescription costs. The 13-point gap reflects real differences in provider costs, insurance market competition, and regional healthcare infrastructure.
Income & Purchasing Power
Median household income is $48,000 in Paris and $55,000 in Toronto. After adjusting for local costs, purchasing-power-equivalent incomes are approximately $42,857 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 $1,120/month to housing in Paris vs $1,283/month in Toronto. In Paris, median rent of $1,800/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 23 index points — focus your budget analysis there.
Frequently Asked Questions
Moving & Relocation Resources
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