Is it more expensive to live in Vancouver or Toronto? We looked at the numbers and have compiled a breakdown of the financial future that could await those who decide to move to one of North America's priciest places.

According to Numbeo, one of the biggest factors to consider is rent. Without rent, the difference in the cost of living breakdown is only about 2 per cent, but if you add the living costs to it, that gap widens significantly.

The cost of living database says that rent prices in Vancouver are 14.5 per cent higher than in Toronto, which means it's pricier to live on the West Coast than in Canada's most populated place overall. Have a rich relative who lets you crash for free? That changes your expenses a lot.

"You would need around $9,372.40 in Vancouver to maintain the same standard of life that you can have with $8,800 in Toronto (assuming you rent in both cities)," the website reads.

But Toronto shouldn't celebrate just yet. While it's more expensive to rent in Vancouver, eating out is apparently more expensive in Toronto. Imported beer, pop, and a meal at an inexpensive restaurant cost a tiny bit less in Vancouver, respondents said, while an expensive restaurant, a meal at McDonald's, or a pack of cigarettes are pretty much equal.

Grocery prices fluctuate, with Torontonians saying that their milk is nearly double the price, but Vancouverites argue that most other items are a bit more expensive in their city, such as a dozen eggs costing about 19.8 per cent more and 1 kg of chicken filets costing about 15 per cent more.

Transit is apparently less expensive in Vancouver, with a monthly pass in Toronto estimated to be about $16 more, but it's no surprise that driving a vehicle is pricier in Vancouver, as motorists in the region pay the highest gas taxes in the country, about 30 cents on each litre.

When it comes to utilities, Toronto takes the unfortunate first place for price at about $154.67 per month. The average person also reportedly pays a bit more for a monthly gym membership, but maybe that's not a massive deal since the salary sizes shift more in favour of Toronto ($4,813 a month) over Vancouver ($4,597), leading the average person to have a bit more wiggle room for other items.