PE
vs
ON
Charlottetown vs Toronto Cost of Living (2026)
Toronto is about 69% more expensive than Charlottetown, mostly because of rent. A 1-bedroom rents for $2,600 a month in Toronto vs $1,450 in Charlottetown.
The Verdict
Living in Toronto is 69% more expensive than living in Charlottetown overall.
Charlottetown / month
$1,950
Toronto / month
$3,206
Rent, groceries and transit for one person.
Salary match: what you'd need to earn
Salary in Charlottetown
$100,000
Take-home $69,789 · $5,816/mo
Needed in Toronto
$168,917
Take-home $114,748 · $9,562/mo
To keep the same lifestyle in Toronto you'd need $68,917 more a year (+69%).
Take-home is after 2026 federal and provincial income tax, CPP/QPP and EI for an employee. Cost of living weighs rent, groceries and transit.
Expense Breakdown
Average Rent
1-Bed City Center
Charlottetown
$1,450
79% more expensive
Toronto
$2,600
Groceries
Monthly Basket (1 Person)
Charlottetown
$430
5% more expensive
Toronto
$450
Transportation
Monthly Transit Pass
Charlottetown
$70
123% more expensive
Toronto
$156
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