Getting a clear picture of the cost of living can help you budget for the year. Read this page for a breakdown of some typical costs of living in the Greater Toronto Area (GTA). 

Below are estimated costs of living in Toronto, Mississauga and Scarborough in 2018-19. 

You can also plan ahead with the U of T Financial Planning Calculator.

 

Estimated living and studying costs for the academic year (8 months):

Food: $1604 - $3700

Clothing: $900 - $1100

Local Transportation: $934 ($116.75 per month)

Books, supplies and instruments: $1000 - $2000+

Miscellaneous: $1000 - $2000

Sources:

Housing Costs: 

Source: CMHC Rental Market Report – Fall 2017
*Room avg. source: U of T Off-Campus Housing Service – Fall 2017

CMA (Census Metro Area)

Room: N/A 

Bachelor: $1,013

1-bedroom apartment: $1,194 

2-bedroom apartment: $1,404

3+-bedroom apartment: $1,569

Near St. George 

*Room: $900

Bachelor: $1,096

1-bedroom apartment: $1,198

2-bedroom apartment: $1,983

3+-bedroom apartment: $2,451

 

Near UTM

*Room: $702

Bachelor: $900

1-bedroom apartment: $1,210

2-bedroom apartment: $1,327

3+-bedroom apartment: $1,780

 

Near UTSC

*Room: $800

Bachelor: $927

1-bedroom apartment: $1,100

2-bedroom apartment: $1,353

3+-bedroom apartment: $1,762