Getting a clear picture of the cost of living can help you budget for the year. Estimated costs of living in Toronto, Mississauga and Scarborough for 2019-20 are provided below. 

Use this handy U of T Financial Planning Calculator to plan ahead.

The calculator will show you how much money you will need to cover tuition and fees, housing costs, food and everything else for the upcoming academic year. You'll provide some background and income information, and we'll show you a budget summary and direct you to some useful resources to help you save money.

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

Food: $1604 - $3700

Clothing: $900 - $1100

Local transportation: $980 ($122.45 per month)

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

Miscellaneous: $1000 - $2000

Housing costs

Please note: Costs range depending on the type of housing. Condos are the most expensive type of housing, and rooms within houses tend to be the least expensive. A 1-bedroom in a private basement apartment will likely be significantly less expensive than a 1-bedroom condo.

 

Average for Downtown Toronto (St George Campus):

Room in a house: $1,100+

Bachelor/studio apartment: $1,600+

1-bedroom apartment: $2,000+

2-bedroom apartment: $2,800+

3+ bedroom apartment: $3,300+

 

Average for Mississauga (UTM Campus):

Room in a house: $750+

Bachelor/studio apartment: $1,200+

1-bedroom apartment: $1,400+

2-bedroom apartment: $1,800+

3+ bedroom apartment: $2,500+

 

Average for Scarborough (UTSC Campus):

Room in a house: $900+

Bachelor/studio apartment: $1,400+

1-bedroom apartment: $1,800+

2-bedroom apartment: $2,000+

3+ bedroom apartment: $2,500+