According to a new special report from Deutsche Bank, Toronto is the 10th most expensive city in the world to have to commute to in if you’re relying on public transportation.
The 6th annual report “is a compilation of prices from various countries and cities around the world,” that analyzes and compares the cost of living in major cities.
Toronto is ranked against 200 other world cities in everything from ‘Monthly Salary’ (21st) and ‘Disposable Income After Rent’ (17th), to the cost of a ‘Beer in a neighborhood pub (500ml or 1 pint) in expat area’ (23rd) and ‘A Ticket to the Movies’ (25th).
But where Toronto comes up highest on the cost scale has to do with our commuting. In the ‘Monthly ticket public transport’ category, Toronto was found to be the 10th most expensive city in the world with an average cost of 102.7 (USD) per month, which is actually down from 115.7 (USD) in 2014.
That means the average person in Toronto relying on public transit to get around is paying more than people in Chicago, Berlin, Paris, and many other expensive world-class cities.