location_city ON vs location_city ON

London vs Waterloo Cost of Living (2026)

Waterloo is about 8% more expensive than London, mostly because of rent. A 1-bedroom rents for $1,900 a month in Waterloo vs $1,750 in London.

The Verdict

Living in Waterloo is 8% more expensive than living in London overall.

London / month

$2,255

Waterloo / month

$2,430

Rent, groceries and transit for one person.

Your salary in London $

Salary in London

$100,000

Take-home $74,206 · $6,184/mo

Needed in Waterloo

$108,063

Take-home $79,731 · $6,644/mo

To keep the same lifestyle in Waterloo you'd need $8,063 more a year (+8%).

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.

real_estate_agent

1-Bed City Center

London

$1,750

9% more expensive

Waterloo

$1,900

shopping_cart

Monthly Basket (1 Person)

London

$410

5% more expensive

Waterloo

$430

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Monthly Transit Pass

London

$95

5% more expensive

Waterloo

$100

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