What is a Good Salary in Toronto, Ontario?
Enter a salary amount and compare it with the average cost of living.
The average yearly salary in Toronto is $62,050 and the average household income in Toronto is $121,200.
Updated: Jan, 2023
Average Cost of Living per Month in Toronto
The average cost of living in Toronto is $3,848/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
$3,848/month
Monthly net income of $0/year
$0/month
Average total income in 2020
$62,050
Average total household income in 2020
$121,200
Average Salary in Toronto
The average salary in Toronto is $62,050, which is 14% higher than the Canadian average salary of $54,450. 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 $1,965.
Your cost: $
Avg.
$1,965
$0
$4,000
Renter
Homeowner
Housing
The average monthly cost of owned housing in Toronto is $2,179.
Your cost: $
Avg.
$2,179
$0
$4,000
Transit
Driver
Transportation
The average monthly spend on public transit in Toronto is $310.
Your cost: $
Avg.
$310
$0
$1,000
Transit
Driver
Transportation
The average monthly spend for a driver in Toronto is $573.
Your cost: $
Avg.
$573
$0
$1,000
Groceries
The average person spends $453 on groceries per month in Toronto.
Your cost: $
Avg.
$453
$0
$1,500
Utilities
The average monthly cost of utilities in Toronto is $153.
Your cost: $
Avg.
$153
$0
$600
Leisure & Entertainment
The average person in Toronto spends $156 on leisure & entertainment per month.
Your cost: $
Avg.
$156
$0
$1,000
Clothing
The average person in Toronto spends $39 on clothing per month.
Your cost: $
Avg.
$39
$0
$500
Restaurants
The average person in Toronto spends $359 on restaurants per month.
Your cost: $
Avg.
$359
$0
$1,000
Other
The average person in Toronto spends $150 on miscellaneous goods and services per month.
Your cost: $
Avg.
$150
$0
$2,000
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
$3,848/month
Monthly net income of $0/year
$0/month
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Browse more salaries in Toronto
Most affordable cities in Ontario
Avg. Salary
$65,014
Avg. Monthly Net pay
$4,090
Avg. Cost of Living
$2,904
Affordability Index
140.84%
Avg. Salary
$60,898
Avg. Monthly Net pay
$3,864
Avg. Cost of Living
$2,915
Affordability Index
132.56%
Avg. Salary
$76,541
Avg. Monthly Net pay
$4,753
Avg. Cost of Living
$3,652
Affordability Index
130.15%
Avg. Salary
$56,009
Avg. Monthly Net pay
$3,601
Avg. Cost of Living
$2,788
Affordability Index
129.17%
Avg. Salary
$54,958
Avg. Monthly Net pay
$3,545
Avg. Cost of Living
$2,764
Affordability Index
128.25%
Avg. Salary
$53,687
Avg. Monthly Net pay
$3,477
Avg. Cost of Living
$2,753
Affordability Index
126.28%
Avg. Salary
$55,254
Avg. Monthly Net pay
$3,561
Avg. Cost of Living
$2,904
Affordability Index
122.61%
Avg. Salary
$53,441
Avg. Monthly Net pay
$3,463
Avg. Cost of Living
$2,876
Affordability Index
120.42%
Avg. Salary
$51,188
Avg. Monthly Net pay
$3,342
Avg. Cost of Living
$2,806
Affordability Index
119.12%
10.
Kenora, Ontario
Avg. Salary
$47,766
Avg. Monthly Net pay
$3,160
Avg. Cost of Living
$2,737
Affordability Index
115.46%
Avg. Salary
$49,857
Avg. Monthly Net pay
$3,269
Avg. Cost of Living
$2,904
Affordability Index
112.58%
12.
Cobourg, Ontario
Avg. Salary
$44,945
Avg. Monthly Net pay
$2,991
Avg. Cost of Living
$2,658
Affordability Index
112.54%
Avg. Salary
$48,445
Avg. Monthly Net pay
$3,190
Avg. Cost of Living
$2,857
Affordability Index
111.67%
Avg. Salary
$48,756
Avg. Monthly Net pay
$3,205
Avg. Cost of Living
$2,903
Affordability Index
110.41%
15.
Ajax, Ontario
Avg. Salary
$47,180
Avg. Monthly Net pay
$3,126
Avg. Cost of Living
$2,837
Affordability Index
110.18%
16.
Ottawa, Ontario
Avg. Salary
$54,605
Avg. Monthly Net pay
$3,526
Avg. Cost of Living
$3,252
Affordability Index
108.42%
17.
Timmins, Ontario
Avg. Salary
$47,731
Avg. Monthly Net pay
$3,158
Avg. Cost of Living
$2,916
Affordability Index
108.3%
Avg. Salary
$46,966
Avg. Monthly Net pay
$3,113
Avg. Cost of Living
$2,876
Affordability Index
108.26%
Avg. Salary
$46,999
Avg. Monthly Net pay
$3,115
Avg. Cost of Living
$2,904
Affordability Index
107.28%
Avg. Salary
$44,725
Avg. Monthly Net pay
$2,978
Avg. Cost of Living
$2,791
Affordability Index
106.69%
21.
Sarnia, Ontario
Avg. Salary
$48,592
Avg. Monthly Net pay
$3,196
Avg. Cost of Living
$3,025
Affordability Index
105.65%
Avg. Salary
$51,369
Avg. Monthly Net pay
$3,352
Avg. Cost of Living
$3,186
Affordability Index
105.21%
Avg. Salary
$52,520
Avg. Monthly Net pay
$3,414
Avg. Cost of Living
$3,286
Affordability Index
103.89%
Avg. Salary
$43,692
Avg. Monthly Net pay
$2,914
Avg. Cost of Living
$2,817
Affordability Index
103.44%
Avg. Salary
$42,993
Avg. Monthly Net pay
$2,871
Avg. Cost of Living
$2,796
Affordability Index
102.68%
26.
Dryden, Ontario
Avg. Salary
$44,783
Avg. Monthly Net pay
$2,981
Avg. Cost of Living
$2,904
Affordability Index
102.66%
Avg. Salary
$43,229
Avg. Monthly Net pay
$2,885
Avg. Cost of Living
$2,821
Affordability Index
102.29%
Avg. Salary
$42,143
Avg. Monthly Net pay
$2,818
Avg. Cost of Living
$2,758
Affordability Index
102.19%
Avg. Salary
$42,737
Avg. Monthly Net pay
$2,855
Avg. Cost of Living
$2,851
Affordability Index
100.14%
Avg. Salary
$39,628
Avg. Monthly Net pay
$2,663
Avg. Cost of Living
$2,693
Affordability Index
98.9%
Avg. Salary
$42,617
Avg. Monthly Net pay
$2,848
Avg. Cost of Living
$2,885
Affordability Index
98.71%
Avg. Salary
$42,618
Avg. Monthly Net pay
$2,848
Avg. Cost of Living
$2,904
Affordability Index
98.06%
Avg. Salary
$42,223
Avg. Monthly Net pay
$2,823
Avg. Cost of Living
$2,882
Affordability Index
97.97%
Avg. Salary
$39,790
Avg. Monthly Net pay
$2,673
Avg. Cost of Living
$2,775
Affordability Index
96.34%
Avg. Salary
$46,611
Avg. Monthly Net pay
$3,093
Avg. Cost of Living
$3,214
Affordability Index
96.23%
Avg. Salary
$41,196
Avg. Monthly Net pay
$2,760
Avg. Cost of Living
$2,887
Affordability Index
95.6%
Avg. Salary
$43,250
Avg. Monthly Net pay
$2,887
Avg. Cost of Living
$3,031
Affordability Index
95.24%
38.
Thorold, Ontario
Avg. Salary
$38,705
Avg. Monthly Net pay
$2,606
Avg. Cost of Living
$2,748
Affordability Index
94.85%
Avg. Salary
$44,638
Avg. Monthly Net pay
$2,972
Avg. Cost of Living
$3,135
Affordability Index
94.81%
Avg. Salary
$39,351
Avg. Monthly Net pay
$2,646
Avg. Cost of Living
$2,804
Affordability Index
94.37%
Avg. Salary
$40,860
Avg. Monthly Net pay
$2,739
Avg. Cost of Living
$2,904
Affordability Index
94.33%
Avg. Salary
$45,580
Avg. Monthly Net pay
$3,030
Avg. Cost of Living
$3,232
Affordability Index
93.77%
43.
Guelph, Ontario
Avg. Salary
$47,430
Avg. Monthly Net pay
$3,140
Avg. Cost of Living
$3,361
Affordability Index
93.44%
Avg. Salary
$39,693
Avg. Monthly Net pay
$2,667
Avg. Cost of Living
$2,868
Affordability Index
93%
Avg. Salary
$40,145
Avg. Monthly Net pay
$2,695
Avg. Cost of Living
$2,900
Affordability Index
92.94%
46.
Hearst, Ontario
Avg. Salary
$44,617
Avg. Monthly Net pay
$2,971
Avg. Cost of Living
$3,241
Affordability Index
91.67%
Avg. Salary
$39,460
Avg. Monthly Net pay
$2,653
Avg. Cost of Living
$2,904
Affordability Index
91.36%
Avg. Salary
$38,360
Avg. Monthly Net pay
$2,586
Avg. Cost of Living
$2,864
Affordability Index
90.29%
Avg. Salary
$43,966
Avg. Monthly Net pay
$2,931
Avg. Cost of Living
$3,264
Affordability Index
89.8%
Avg. Salary
$38,711
Avg. Monthly Net pay
$2,607
Avg. Cost of Living
$2,904
Affordability Index
89.77%
Avg. Salary
$38,553
Avg. Monthly Net pay
$2,597
Avg. Cost of Living
$2,913
Affordability Index
89.15%
52.
Welland, Ontario
Avg. Salary
$37,058
Avg. Monthly Net pay
$2,512
Avg. Cost of Living
$2,819
Affordability Index
89.11%
53.
Oshawa, Ontario
Avg. Salary
$42,552
Avg. Monthly Net pay
$2,844
Avg. Cost of Living
$3,206
Affordability Index
88.7%
54.
Toronto, Ontario
Avg. Salary
$52,268
Avg. Monthly Net pay
$3,400
Avg. Cost of Living
$3,848
Affordability Index
88.37%
55.
London, Ontario
Avg. Salary
$43,663
Avg. Monthly Net pay
$2,912
Avg. Cost of Living
$3,324
Affordability Index
87.61%
Avg. Salary
$38,035
Avg. Monthly Net pay
$2,567
Avg. Cost of Living
$2,940
Affordability Index
87.33%
Avg. Salary
$38,955
Avg. Monthly Net pay
$2,622
Avg. Cost of Living
$3,005
Affordability Index
87.25%
58.
Midland, Ontario
Avg. Salary
$37,258
Avg. Monthly Net pay
$2,523
Avg. Cost of Living
$2,896
Affordability Index
87.13%
Avg. Salary
$43,651
Avg. Monthly Net pay
$2,912
Avg. Cost of Living
$3,359
Affordability Index
86.68%
60.
Windsor, Ontario
Avg. Salary
$38,669
Avg. Monthly Net pay
$2,604
Avg. Cost of Living
$3,032
Affordability Index
85.89%
Avg. Salary
$33,767
Avg. Monthly Net pay
$2,326
Avg. Cost of Living
$2,723
Affordability Index
85.4%
Avg. Salary
$36,249
Avg. Monthly Net pay
$2,466
Avg. Cost of Living
$2,919
Affordability Index
84.49%
Avg. Salary
$45,267
Avg. Monthly Net pay
$3,011
Avg. Cost of Living
$3,571
Affordability Index
84.32%
Avg. Salary
$39,919
Avg. Monthly Net pay
$2,681
Avg. Cost of Living
$3,207
Affordability Index
83.61%
65.
Barrie, Ontario
Avg. Salary
$44,297
Avg. Monthly Net pay
$2,951
Avg. Cost of Living
$3,533
Affordability Index
83.54%
66.
Markham, Ontario
Avg. Salary
$45,184
Avg. Monthly Net pay
$3,006
Avg. Cost of Living
$3,621
Affordability Index
83.02%
Avg. Salary
$34,474
Avg. Monthly Net pay
$2,366
Avg. Cost of Living
$2,880
Affordability Index
82.14%
Avg. Salary
$37,647
Avg. Monthly Net pay
$2,545
Avg. Cost of Living
$3,330
Affordability Index
76.44%
69.
Orillia, Ontario
Avg. Salary
$38,722
Avg. Monthly Net pay
$2,607
Avg. Cost of Living
$3,494
Affordability Index
74.63%
The Affordability Index is based on a single, non-homeowner, who owns a car.
CareerBeacon obtains its data from 3rd party services and cannot verify its accuracy. The information contained on this page is intended to be used for informational purposes only and should not be used to replace legal authority. The information contained in the demographic reports should not be relied upon for determining career and/or relocation decisions.
CareerBeacon obtains its data from 3rd party services and cannot verify its accuracy. The information contained on this page is intended to be used for informational purposes only and should not be used to replace legal authority. The information contained in the demographic reports should not be relied upon for determining career and/or relocation decisions.
| Rank | City | Avg. Salary | Avg. Monthly Net pay | Avg. Cost of Living | Affordability Index |
|---|---|---|---|---|---|
| 1 | Aurora, Ontario | $65,014 | $4,090 | $2,904 | 140.84% |
| 2 | Burlington, Ontario | $60,898 | $3,864 | $2,915 | 132.56% |
| 3 | Oakville, Ontario | $76,541 | $4,753 | $3,652 | 130.15% |
| 4 | Deep River, Ontario | $56,009 | $3,601 | $2,788 | 129.17% |
| 5 | Whitby, Ontario | $54,958 | $3,545 | $2,764 | 128.25% |
| 6 | Milton, Ontario | $53,687 | $3,477 | $2,753 | 126.28% |
| 7 | East Gwillimbury, Ontario | $55,254 | $3,561 | $2,904 | 122.61% |
| 8 | Vaughan, Ontario | $53,441 | $3,463 | $2,876 | 120.42% |
| 9 | Pickering, Ontario | $51,188 | $3,342 | $2,806 | 119.12% |
| 10 | Kenora, Ontario | $47,766 | $3,160 | $2,737 | 115.46% |
| 11 | Marathon, Ontario | $49,857 | $3,269 | $2,904 | 112.58% |
| 12 | Cobourg, Ontario | $44,945 | $2,991 | $2,658 | 112.54% |
| 13 | Greater Sudbury, Ontario | $48,445 | $3,190 | $2,857 | 111.67% |
| 14 | Richmond Hill, Ontario | $48,756 | $3,205 | $2,903 | 110.41% |
| 15 | Ajax, Ontario | $47,180 | $3,126 | $2,837 | 110.18% |
| 16 | Ottawa, Ontario | $54,605 | $3,526 | $3,252 | 108.42% |
| 17 | Timmins, Ontario | $47,731 | $3,158 | $2,916 | 108.3% |
| 18 | Innisfil, Ontario | $46,966 | $3,113 | $2,876 | 108.26% |
| 19 | New Tecumseth, Ontario | $46,999 | $3,115 | $2,904 | 107.28% |
| 20 | Cambridge, Ontario | $44,725 | $2,978 | $2,791 | 106.69% |
| 21 | Sarnia, Ontario | $48,592 | $3,196 | $3,025 | 105.65% |
| 22 | Newmarket, Ontario | $51,369 | $3,352 | $3,186 | 105.21% |
| 23 | Waterloo, Ontario | $52,520 | $3,414 | $3,286 | 103.89% |
| 24 | Woodstock, Ontario | $43,692 | $2,914 | $2,817 | 103.44% |
| 25 | Timiskaming District, Ontario | $42,993 | $2,871 | $2,796 | 102.68% |
| 26 | Dryden, Ontario | $44,783 | $2,981 | $2,904 | 102.66% |
| 27 | Stratford, Ontario | $43,229 | $2,885 | $2,821 | 102.29% |
| 28 | Sault Ste. Marie, Ontario | $42,143 | $2,818 | $2,758 | 102.19% |
| 29 | North Bay, Ontario | $42,737 | $2,855 | $2,851 | 100.14% |
| 30 | Belleville, Ontario | $39,628 | $2,663 | $2,693 | 98.9% |
| 31 | Kapuskasing, Ontario | $42,617 | $2,848 | $2,885 | 98.71% |
| 32 | Goderich, Ontario | $42,618 | $2,848 | $2,904 | 98.06% |
| 33 | Temiskaming Shores, Ontario | $42,223 | $2,823 | $2,882 | 97.97% |
| 34 | Fort Erie, Ontario | $39,790 | $2,673 | $2,775 | 96.34% |
| 35 | Kingston, Ontario | $46,611 | $3,093 | $3,214 | 96.23% |
| 36 | Arnprior, Ontario | $41,196 | $2,760 | $2,887 | 95.6% |
| 37 | Fort Frances, Ontario | $43,250 | $2,887 | $3,031 | 95.24% |
| 38 | Thorold, Ontario | $38,705 | $2,606 | $2,748 | 94.85% |
| 39 | Thunder Bay, Ontario | $44,638 | $2,972 | $3,135 | 94.81% |
| 40 | Brantford, Ontario | $39,351 | $2,646 | $2,804 | 94.37% |
| 41 | Atikokan, Ontario | $40,860 | $2,739 | $2,904 | 94.33% |
| 42 | Orangeville, Ontario | $45,580 | $3,030 | $3,232 | 93.77% |
| 43 | Guelph, Ontario | $47,430 | $3,140 | $3,361 | 93.44% |
| 44 | Peterborough, Ontario | $39,693 | $2,667 | $2,868 | 93% |
| 45 | Tillsonburg, Ontario | $40,145 | $2,695 | $2,900 | 92.94% |
| 46 | Hearst, Ontario | $44,617 | $2,971 | $3,241 | 91.67% |
| 47 | Thessalon, Ontario | $39,460 | $2,653 | $2,904 | 91.36% |
| 48 | Niagara Falls, Ontario | $38,360 | $2,586 | $2,864 | 90.29% |
| 49 | Hamilton, Ontario | $43,966 | $2,931 | $3,264 | 89.8% |
| 50 | Brockville, Ontario | $38,711 | $2,607 | $2,904 | 89.77% |
| 51 | Port Colborne, Ontario | $38,553 | $2,597 | $2,913 | 89.15% |
| 52 | Welland, Ontario | $37,058 | $2,512 | $2,819 | 89.11% |
| 53 | Oshawa, Ontario | $42,552 | $2,844 | $3,206 | 88.7% |
| 54 | Toronto, Ontario | $52,268 | $3,400 | $3,848 | 88.37% |
| 55 | London, Ontario | $43,663 | $2,912 | $3,324 | 87.61% |
| 56 | Owen Sound, Ontario | $38,035 | $2,567 | $2,940 | 87.33% |
| 57 | St. Thomas, Ontario | $38,955 | $2,622 | $3,005 | 87.25% |
| 58 | Midland, Ontario | $37,258 | $2,523 | $2,896 | 87.13% |
| 59 | Kitchener, Ontario | $43,651 | $2,912 | $3,359 | 86.68% |
| 60 | Windsor, Ontario | $38,669 | $2,604 | $3,032 | 85.89% |
| 61 | Cornwall, Ontario | $33,767 | $2,326 | $2,723 | 85.4% |
| 62 | Parry Sound, Ontario | $36,249 | $2,466 | $2,919 | 84.49% |
| 63 | Mississauga, Ontario | $45,267 | $3,011 | $3,571 | 84.32% |
| 64 | St. Catharines, Ontario | $39,919 | $2,681 | $3,207 | 83.61% |
| 65 | Barrie, Ontario | $44,297 | $2,951 | $3,533 | 83.54% |
| 66 | Markham, Ontario | $45,184 | $3,006 | $3,621 | 83.02% |
| 67 | Elliot Lake, Ontario | $34,474 | $2,366 | $2,880 | 82.14% |
| 68 | Brampton, Ontario | $37,647 | $2,545 | $3,330 | 76.44% |
| 69 | Orillia, Ontario | $38,722 | $2,607 | $3,494 | 74.63% |
The Affordability Index is based on a single, non-homeowner, who owns a car.
CareerBeacon obtains its data from 3rd party services and cannot verify its accuracy. The information contained on this page is intended to be used for informational purposes only and should not be used to replace legal authority. The information contained in the demographic reports should not be relied upon for determining career and/or relocation decisions.
CareerBeacon obtains its data from 3rd party services and cannot verify its accuracy. The information contained on this page is intended to be used for informational purposes only and should not be used to replace legal authority. The information contained in the demographic reports should not be relied upon for determining career and/or relocation decisions.