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 dorm or a shared Airbnb room.
Street food, food trucks, and casual eateries like Kensington Market.
PRESTO card for TTC (subway, streetcar, bus) day pass or pay-as-you-go.
Exploring neighborhoods, free museum days, walking tours, Toronto Islands.
Souvenirs, coffee, snacks.
Mid-range
3-star hotels, mix of restaurants, some taxis
3-star hotel or a private Airbnb in a central neighborhood.
Mix of casual restaurants and mid-range dining, including ethnic enclaves.
Occasional taxis/Uber, plus TTC for longer distances.
Museums (AGO, ROM), CN Tower, Ripley's Aquarium, Distillery District.
Drinks, moderate shopping, incidentals.
Luxury
4-5 star hotels, premium dining, private transfers
4-5 star hotel in the Entertainment District or Yorkville.
Fine dining, tasting menus, upscale bars.
Private car service, airport transfers, premium ride-sharing.
Private tours, theatre shows, premium sports events, spa treatments.
High-end shopping, premium drinks, concierge services.
Destination-specific money tips
- •Debit cards linked to major banks (RBC, CIBC, TD, Scotiabank, BMO) usually have the lowest ATM fees.
- •While credit cards are widely accepted, some smaller independent shops or market stalls might be cash-only.
- •Tipping 15-20% is standard for sit-down restaurant service, bartenders, hairdressers, and taxi drivers.
- •Alcohol is expensive in Ontario, especially in bars and restaurants; consider buying from LCBO (government-run liquor stores) for better prices.
- •Toronto is a diverse city with incredible food options at all price points; explore ethnic neighborhoods like Chinatown, Little Italy, or Greektown for great value meals.
Plan the rest of your Toronto trip
Trip budgets elsewhere