A Travel Price Comparison for Vacations, Tours, and Honeymoons Banff vs. Toronto

Should you visit Banff or Toronto?

Should I visit Banff or Toronto? This is a common question asked by many travelers. By figuring out which city is more affordable, you'll understand where you can get more bang for your buck. So, let's dive into the data, which all comes from actual travelers.

Banff

Nestled in the pristine and gorgeous mountains of the Alberta Rockies is the popular town of Banff. This town sits right in Canada's Banff National Park and is part of a UNESCO World Heritage site.

While the surrounding nature may give the impression of a quiet, little town, Banff is typically crowded with tourists. The beauty of this area is irresistible for travelers from all over the world. This may not be the place for solitude or even an authentic, country experience, you'll still find an unforgettable vacation.

Toronto

The capital of Ontario and the most populated city in Canada, Toronto is a very popular travel destination for any number of reasons. It's positioned along the coast of Lake Ontario and has a population of more than 2.6 million with 6.2 million in the Greater Toronto Area. It's a very international and diverse city, with a very rich cultural history. More than half of the city's population was not born in Canada, and there are more than eighty different ethnic neighborhoods sprinkled throughout the city. The city is a center for music, theater, film, and television. It has countless museums, festivals, and sights that attract more than 25 million tourists every year.

Which city is cheaper, Toronto or Banff?

These are the overall average travel costs for the two destinations.

The average daily cost (per person) in Banff is $75, while the average daily cost in Toronto is $180. These costs include accommodation (assuming double occupancy, so the traveler is sharing the room), food, transportation, and entertainment. While every person is different, these costs are an average of past travelers in each city. Below is a breakdown of travel costs for Banff and Toronto in more detail.



Accommodation

If you're traveling alone, you may be able to find a budget hotel or hostel for around $34. But for two people in a standard two-person hotel room in Banff the cost is $68 on average.

Travelers usually pay around $150 for a double occupancy room in Toronto If you want to be in a premiere location or have high end amenities, you can expect to pay a bit more.


  • Accommodation Hotel or hostel for one person
    Banff $34
    Toronto $75
  • Accommodation Typical double-occupancy room
    Banff $68
    Toronto $150

Food

In Banff travelers spend around $25 a day on food. You can save money by choosing casual restaurants or food stalls, or you can spend plenty more by dining in nicer restaurants at every meal.

Food in Toronto costs travelers about $59 per day on average. Restaurants can vary significantly in price, so choose wisely if you're trying to save money. Fast food and street stalls are typically your cheapest options, which sit down restaurants can be significantly more expensive.


  • Food Meals for one day
    Banff $25
    Toronto $59
Typical Food prices in Banff

Some typical examples of dining costs in Banff are as follows:


  • Tea House Lunch for Two
    $36
  • Hostel Breakfast
    $30
  • McDonalds
    $5.12

Food Tours and Cooking Classes in Banff

Also, here are some specific examples of food and dining related activities in Banff.

  • Lake Louise & Moraine Lake Evening Tour with Dinner: $123
  • Deluxe Evening Tour to Lake Louise and Moraine Lake with Dinner: $129

Typical Food prices in Toronto

For Toronto, here are some examples of average food and meal prices for travelers:


  • Lunch at St. Lawrence Market for Two
    $26
  • Dinner at Mill Street Brewery (for 2)
    $62

Food Tours and Cooking Classes in Toronto

For Toronto, here are some samples of tours and activities related to meals and dining experiences:

  • Greektown Toronto Street-Food Tour: $55
  • Kensington Market By The Sidewalk Food Tour: $57
  • Medieval Times Dinner & Tournament Admission Ticket in Toronto: $66
  • Toronto Great Canadian Food Tour: $74
  • Kensington Market -Toronto's Neighborhood International Food Tour: $74
  • The Pork and Bacon Walking Food Tour of Toronto's Hogtown History: $79
  • Food Tour, Toronto Chinatown with A Food Writer/Chef: $80
  • Global Food Tour: $82
  • Toronto Obsession III Dinner Boat Cruise: $88
  • Essential Toronto Tour - Food Tour and Toronto Islands Trip: $93
  • Toronto Buffet Dinner Cruise: $102
  • Niagara Falls Day and Evening Tour With Boat Cruise and Optional Fallsview Dinner: $141

Local Transportation

The average price of local transportation around Banff is $4.58 per person, per day. As this average includes both taxis and public transport, keep in mind that the prices of private drivers and taxis are significantly more expensive than public transportation.

To get around in Toronto, the average visitor spends $28 per day, per person. This includes the costs of taxi rides and private drivers as well as public transportation, which tends to be much more affordable.


  • Local Transportation Taxis, local buses, subway, etc.
    Banff $4.58
    Toronto $28

Hired Cars and Shuttles in Banff

Some specific examples of transportation prices in Banff:

  • Private Transfer: Banff to Calgary by Sedan: $339
  • Private Transfer: Banff to Calgary International Airport (YYC): $340
  • Private Departure Transfer: Banff to Calgary International Airport: $433
  • Alberta Transfer: Banff, Jasper, Lake Louise, Calgary and Kananaskis: $63

Typical Local Transportation prices in Toronto

Some typical examples of transportation costs in Toronto are as follows:


  • Airport Shuttle
    $29
  • Train: 2 Day Passes
    $18

Hired Cars and Shuttles in Toronto

Also for Toronto, here are a few examples of actual transportation services:

  • Departure Private Transfer Toronto City to Toronto Airport YYZ by Business Car: $39
  • Private Departure Transfer from Toronto City Center to Toronto Pearson Airport: $47
  • Private Airport Transfer: Toronto to Toronto Pearson International Airport (YYZ): $47
  • Transfer in Private Vehicle from Toronto City to Toronto Pearson Airport: $47
  • Transfer in Private Minivan from Toronto City to Toronto Pearson Airport: $54
  • Private Toronto Departure Transfer - Hotel/Accommodation to Pearson Airport: $55
  • Private Transfer: Downtown Hotel to Toronto Pearson International Airport: $56
  • Toronto to Toronto Pearson Airport (YYZ) - Departure Private Transfer: $62
  • Private Departure Transfer to Toronto Pearson Airport (YYZ): $72
  • Private Arrival Transfer from Toronto Pearson Airport YYZ: $72
  • Toronto Intercity Transfer / Point to Point / Hourly: $73
  • Toronto Airport Transfers: $73

Entertainment

Banff's costs for entertainment, tickets, attractions, and tours will often cost around $11 per person, per day. This cost can vary widely by the type of activity, however, as this includes admission tickets, day tours, museums, and other things to do.

In Toronto, the costs for things to do, activities, admission tickets, and other sightseeing expenses are on average $27 per person, per day.


  • Entertainment Entrance tickets, shows, etc.
    Banff $11
    Toronto $27
Typical Entertainment prices in Banff

Some typical examples of activities, tours, and entrance ticket prices in Banff are as follows:


  • Hot Springs
    $5.87

Tours and Activities in Banff

Some specific costs of activities, tours, and entrance tickets for Banff are as follows:

  • 2 Hour Banff Horseback Riding Adventure: $109
  • 2-Day Okanagan Chinook Tour from Banff finish Vancouver: $309
  • 3-Day Rocky Mountains Athabasca Tour from Banff: $418
  • 6-Day Rocky Mountains Wapiti Tour from Banff finish Vancouver: $728
  • Abraham Lake and Banff Winter Photography Tour: $463
  • Banff At First Light Private Tour: $887
  • Banff City Sightseeing Tour - Roundtrip from Banff: $135
  • Banff Clue Solving Adventure - Treasures of Banff: $69
  • Banff National Park Tour with Lake Louise and Moraine Lake: $76
  • Banff Photo Night Tour: $66
  • Banff Winter Sightseeing Tour with Banff Gondola: $114
  • Banff to Jasper One-Way Tour: $225

Typical Entertainment prices in Toronto

Below are a few sample prices from actual travelers for Toronto's activities, tours, and tickets:


  • Art Gallery of Ontario for Two
    $17
  • CN Tower at night for Two
    $39
  • Harbour Dinner Cruise
    $29
  • Bata Shoe Museum (2)
    $8.02

Tours and Activities in Toronto

For Toronto, here are a few prices for actual activities, tours, and tickets provided by various companies:

  • Explore Canada's Metropolis with Walking Tours Through Toronto: $4.97
  • Financial District and City Halls: An audio tour of Toronto's seminal buildings: $5.00
  • Queen Street West: An audio tour exploring Toronto's coolest street: $5.00
  • West Queen West: Uncover the cultural heart of Toronto on an audio tour: $5.00
  • Casa Loma: Uncover the stories behind the regal facades on an audio walking tour: $5.00
  • From the Ravines of Rosedale to the Towers of Yorkville Audio Tour by VoiceMap: $5.13
  • Exploring Kensington Market, Chinatown and the Art Gallery of Ontario audio tour: $5.20
  • Toronto Greatest Hits: See the city's top attractions on this walking audio tour: $5.20
  • Toronto's Waterfront GPS-Guided Audio Walking Tour: $6.44
  • Skip the Line: Bata Shoe Museum Admission Ticket: $11
  • Hockey Hall of Fame Admission Ticket: $17
  • Skip the Line: Royal Ontario Museum Ticket: $19

Alcohol

The average person spends about $8.25 on alcoholic beverages in Banff per day. The more you spend on alcohol, the more fun you might be having despite your higher budget.

Typically, people visiting Toronto spend on average $20 on alcoholic beverages per person, per day.


  • Alcohol Drinks for one day
    Banff $8.25
    Toronto $20

Sample the Local Flavors in Toronto

Some specific costs for nightlife related activities in Toronto:

  • Toronto Bar Hunt: Take On Toronto Bar Crawl: $12
  • Toronto Distillery District Walking Tour: $20
  • Corktown and Distillery District Tour: $28
  • 30-Minute Distillery District Segway Tour in Toronto: $36
  • 50-Minute Distillery District Segway Tour: $48
  • Private Corktown and Distillery District Tour: $56
  • Canadian Wine Tasting with an expert: $69
  • Guided Bicycle Tour - Midtown, Brickworks and Distillery District: $69
  • Guided Bicycle Tour - Toronto Waterfront, Island and Distillery: $73
  • Toronto To Niagara Falls Tour w/ Free Wine Tasting in Niagara-on-the-Lake: $144
  • Biking Tour to Niagara Falls + Wine Tasting: $145
  • Luxury Wine Tours to Niagara On The Lake: $171


When we compare the travel costs of actual travelers between Banff and Toronto, we can see that Toronto is more expensive. And not only is Banff much less expensive, but it is actually a significantly cheaper destination. So, traveling to Banff would let you spend less money overall. Or, you could decide to spend more money in Banff and be able to afford a more luxurious travel style by staying in nicer hotels, eating at more expensive restaurants, taking tours, and experiencing more activities. The same level of travel in Toronto would naturally cost you much more money, so you would probably want to keep your budget a little tighter in Toronto than you might in Banff.

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Banff vs. Toronto Travel Comparison

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