Cost of Living in Toronto
Canada • Pop: 2.7M
Toronto is Canada's largest city with diverse economy and multicultural population.
Multicultural hubFinancial centerTech growthDiverse economy
Cost
Index
Index
88
Rent
Index
Index
105
Avg Net Salary
$2,655/mo
Cost Breakdown vs NYC (Index 100)
Overall Cost
88
12% cheaperRent
105
5% pricierGroceries
85
15% cheaperRestaurants
80
20% cheaperTransport
82
18% cheaperUtilities
88
12% cheaperSalary Equivalence
How much you'd need to earn in Toronto to match a NYC salary
| NYC Salary | Equivalent in Toronto | Difference |
|---|---|---|
| $50,000 | $44,000 | Save $6,000 |
| $75,000 | $66,000 | Save $9,000 |
| $100,000 | $88,000 | Save $12,000 |
| $125,000 | $110,000 | Save $15,000 |
| $150,000 | $132,000 | Save $18,000 |
| $200,000 | $176,000 | Save $24,000 |
Living in Toronto: What to Expect
Toronto has a cost of living index of 88, meaning it is 12% cheaper than NYC in overall living costs.
The average net monthly salary in Toronto is approximately C$4,500 ($2,655 when converted to USD).
Cost Breakdown
- Rent: Index of 105
- Groceries: Index of 85
- Restaurants: Index of 80
- Transport: Index of 82
- Utilities: Index of 88
Key highlights: Multicultural hub, Financial center, Tech growth, Diverse economy.
Use our US salary calculator to see your take-home pay, or compare with other cities.