What is a Good Salary in Toronto, Ontario?
Select a salary amount and to compare with the average cost of living.
The average yearly salary in Toronto is $52,268 and the average household income in Toronto is $102,721.
Updated: Jun, 2022
Average cost of living per month in Toronto
The average cost of living in Toronto is $3,666/month for a single person who rents.This average is based on many factors including the cost of housing, transportation, groceries, and entertainment.
Average cost of living
$3,666/month
Monthly net income of $0/year
$0/month
Average Salary in Toronto
The average salary in Toronto is $52,268, which is 10.1% higher than the Canadian average salary of $47,487. A person making $0 a year in Toronto makes 100% less than the average working person in Toronto and will take home about $0.
Cost of Living Calculator
Below are the details used to generate the average Cost of Living for Toronto. Change the inputs to match your lifestyle and see how it compares to the average cost of living and a salary of $0.
Renter
Homeowner
Housing
The average monthly cost of rental housing in Toronto is $1,840.
Your cost: $
Transit
Driver
Transportation
The average monthly spend for a driver in Toronto is $606.
Your cost: $
Groceries
The average person spends $432 on groceries per month in Toronto.
Your cost: $
Utilities
The average monthly cost of utilities in Toronto is $135.
Your cost: $
Leisure & Entertainment
The average person in Toronto spends $156 on leisure & entertainment per month.
Your cost: $
Clothing
The average person in Toronto spends $37 on clothing per month.
Your cost: $
Restaurants
The average person in Toronto spends $310 on restaurants per month.
Your cost: $
Other
The average person in Toronto spends $150 on miscellaneous goods and services per month.
Your cost: $
General Disclaimer: This tool is designed for approximation purposes only and should not be used to replace a legal or accounting authority. To simplify the process, some variables are assumed to calculate the numbers included on this page. The results of this calculator should not be relied upon to determine career or tax decisions.
Your Results
Disclaimer: These numbers estimate what it costs to live in Toronto based on Numbeo data. People can live in the city for much less, while others may need much more to fund their lifestyle.
Your cost of living
$3,666/month
Monthly net income of $0/year
$0/month
