The data illustrates the monthly expenses mean of Toronto residents in 2024.
In 2024, the expenses of a family in Toronto divided into 5 main categories including housing, food, transport, utility bills, and clothing. In that year, the majority of people there spent most of their money on housing with the total of 30 percent. Then followed with food which is 22%. rimary expenses. Transport came in the third place with 15% of total expenses. The next one wereutility bills, the people of Toronto spent 14% in this category and in 2024, the expenses were just 1% below transport. The last one is clothing which takes 10% from the total of their monthly budgeting. The rest of the expenses were used for another necessities, which shown due to the amounts are lower.
Overall, it is clear that housing and food dominated household budgets in Toronto in 2024, while clothing accounted for the smallest share of spending.