The following graph depicts average monthly household expenses in Toronto in 2024.
In Toronto the main household expense include renting a place for living. Housing expense is around 30% in Toronto. Second main household expense in Toronto is food which is around 22%. Both of these expenses are over 20%.
If we talk about household expenses in Toronto which are below 20% then we have transport expense. People in Toronto are spending around 15% of their monthly household expense on transport and they are spending around 14% of their monthly household expense on their utility bills which may include electricity, water etc.
On 10% of their monthly househod expense they have clothing which means they are spending 10% of their earnings on what they wear and how they look.
Overall, the things that take most of the money of people in Toronto are Renting and Food and they alone together makes above 50% of their bugdet and other things like utility bills, tranport and clothing combined together make less then 50%.
