New York vs Toronto
Salary & cost of living comparison
Metric
New York
Toronto
Median Salary
$75,000
↑
$58,000
↓
Rent (1BR)
$3,200
↑
$2,100
↓
Rent (2BR)
$4,500
↑
$2,900
↓
CoL Index
100
↑
75
↓
Groceries
100
↑
78
↓
Transport
$127
↓
$130
↑
Tax Rate
28.5%
↓
29%
↑
Tech Hub
9/10
↑
7/10
↓
Cost of Living Ratio
0.75
Toronto is cheaper
Rent Ratio
0.66
Salary Equivalent Ratio
0.75
💰 Salary Equivalents
Enter your salary to see the equivalent:
$
in New York
=
—
in Toronto
Common salary equivalents:
$50k in New York
=
$38k in Toronto
$80k in New York
=
$60k in Toronto
$100k in New York
=
$75k in Toronto
$120k in New York
=
$90k in Toronto
$150k in New York
=
$113k in Toronto
$200k in New York
=
$150k in Toronto
📈 Monthly Budget Breakdown
New York
$4,780/mo net
Rent $3,200
Groceries $450
Transport $127
Utilities $150
Leisure $250
Savings $603
Toronto
$3,850/mo net
Rent $2,100
Groceries $351
Transport $130
Utilities $113
Leisure $188
Savings $968
❓ Frequently Asked Questions
Yes, Toronto is approximately 25% cheaper than New York based on overall cost of living index.
To maintain the same standard of living as a $100,000 salary in New York, you would need approximately $75,000 in Toronto.
New York has a lower effective tax rate. New York has an effective rate of 28.5% while Toronto has 29%.
New York ranks higher for tech workers with a tech hub score of 9/10 compared to 7/10.