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Are you thinking of moving to a new city but have no idea how to budget for it? Are you curious about the cost to live in another major city? Look no further. Expatistan is an online tool that allows you to determine the the cost of living in major cities around the world and compare one city to another. The tool gives you a better idea about the cost of living in another city before you make the move. The original source for International Cost-of-Living Comparisons has over 286,500 contributors, has information in 227 countries & 2,294 cities, and compares over 2,539,000 prices.
How does Expatistan get their data? From people just like you. They collect prices and calculate cost of living from website users. Of course the more data they receive, the more accurate the results and calculations will be. With that said, visit the link: https://www.expatistan.com/cost-of-living/rate/toronto and fill out some pricing. The link provided is for Toronto, if you are currently living in a different city and able to provide those details, simply change the url to include your city name. For example, Montreal would be: https://www.expatistan.com/cost-of-living/rate/montreal. You can fill in prices for simple things such as chicken breasts and shampoo, to more complex things like the cost of transportation and rent. To keep pricing consistent, Expatistan requests that the guidelines below are followed:
Here are some of the most recent cost of living comparisons:
- Montreal is 28% cheaper to live than Toronto
- LA is 16% cheaper to live than New York City
- Sydney is 13% more expensive to live than Melbourne
- London is 6% cheaper to live than New York City
- Hong Kong and London are about the same price to live
Before you make any life altering moves, make sure it makes sense dollar to dollar! If you are looking to make a move in Toronto and I can help you find the perfect home, give me a call at 416-728-5401 or fill out a form on my website by clicking here.