Raleigh vs Toronto
Cost of Living Comparison · 2026
Raleigh
Toronto
The Verdict
Toronto is 9.7% less expensive than Raleigh overall. A household earning $75,000 in Raleigh would need approximately $68,382 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 Raleigh has the same purchasing power as $68,382 in Toronto.
Conversely, $75,000 in Toronto equals $82,258 in Raleigh.
Living in Raleigh vs Toronto
Housing Costs
Raleigh's housing index of 107 is lower Toronto's 132, translating to median home prices of $370,000 vs $615,000. The $245,000 difference in home prices means roughly $15,924 per year in additional mortgage costs at current rates. Renters face a similar gap: $1,500/mo in Raleigh compared to $1,825/mo in Toronto, a monthly difference of $325.
Grocery & Food Costs
Grocery expenses index at 100 in Raleigh and 88 in Toronto. A household spending the national average of $475/month on groceries would pay approximately $475/month in Raleigh vs $418/month in Toronto. Toronto offers a meaningful advantage on everyday food costs, saving roughly $684/year.
Utility Expenses
Utility costs — electricity, gas, water, internet — index at 94 in Raleigh and 85 in Toronto. Monthly utility bills average approximately $376 in Raleigh vs $340 in Toronto. Utility costs are relatively comparable between these two cities.
Healthcare
Healthcare costs index at 108 in Raleigh and 72 in Toronto. This encompasses insurance premiums, doctor visit copays, dental care, and prescription costs. The 36-point gap reflects real differences in provider costs, insurance market competition, and regional healthcare infrastructure.
Income & Purchasing Power
Median household income is $67,266 in Raleigh and $55,000 in Toronto. After adjusting for local costs, purchasing-power-equivalent incomes are approximately $65,947 and $59,140 respectively. Raleigh residents enjoy stronger real purchasing power despite higher nominal wages.
Relocation Considerations
Under the standard 28% rule, a median-income household can allocate $1,570/month to housing in Raleigh vs $1,283/month in Toronto. In Raleigh, median rent of $1,500/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 Healthcare, where the gap is 36 index points — focus your budget analysis there.
Frequently Asked Questions
Moving & Relocation Resources
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