Child care. Rent. Food. Transit. Across the board, Torontonians are being hammered by the rising cost of living. And the price of staying afloat? That’s soaring, too.

So much so, that a Toronto couple raising two children in the city must both work full-time earning $18.52 an hour each to make ends meet, says a new report on Toronto’s living wage.

The study, released Friday, updates a 2008 calculation that placed the city’s living wage at $16.60, the hourly sum needed to meet local living expenses.

“(A living wage) is what’s actually required to live a healthy, sustainable life,” said the report’s author, Kaylie Tiessen.