Canada · tool
How much does Toronto cost?
Daily budget breakdown across three tiers — so you can realistically plan your Toronto trip before you book anything.
Toronto, Canada travel budget
Realistic daily cost per person across three spending tiers. All figures in USD.
Budget
Hostels, street food, public transit
Hostel dorms or budget private rooms via platforms like Airbnb.
Street food, food trucks, casual eateries, and grocery store meals.
Using the TTC (Toronto Transit Commission) day pass or PRESTO card.
Free attractions like Kensington Market, Harbourfront Centre, and walking tours.
Souvenirs, occasional snacks, and small incidentals.
Mid-range
3-star hotels, mix of restaurants, some taxis
3-star hotels or well-located Airbnb apartments.
Mix of casual restaurants, cafes, and some mid-range dining.
Occasional taxis/Uber/Lyft, plus TTC use.
Entry to museums (e.g., ROM, AGO), CN Tower, or guided tours.
Shopping, drinks, and other personal expenses.
Luxury
4-5 star hotels, premium dining, private transfers
4-5 star hotels or premium serviced apartments.
Fine dining, tasting menus, and high-end bars.
Private car services, airport transfers, and premium ride-sharing.
Private tours, theatre tickets, exclusive experiences, and premium attractions.
High-end shopping, spa treatments, and discretionary spending.
Destination-specific money tips
- •Visa and Mastercard are king; American Express is less widely accepted.
- •Avoid using ATMs inside convenience stores or tourist traps; use bank-affiliated ATMs for lower fees.
- •Tipping 15-20% is standard for restaurant servers, bartenders, and hotel staff.
- •While some tourist spots might accept USD, you'll likely get a poor exchange rate; pay in CAD.
- •Alcohol, especially in bars and restaurants, can be surprisingly expensive due to high taxes.
Plan the rest of your Toronto trip
Trip budgets elsewhere