Toronto vs London
Salary & cost of living comparison
Metric
Toronto
London
Median Salary
$58,000
↑
$52,000
↓
Rent (1BR)
$2,100
↓
$2,300
↑
Rent (2BR)
$2,900
↓
$3,200
↑
CoL Index
75
↓
85
↑
Groceries
78
↓
82
↑
Transport
$130
↓
$180
↑
Tax Rate
29%
↓
31%
↑
Tech Hub
7/10
↓
9/10
↑
Cost of Living Ratio
1.13
London is more expensive
Rent Ratio
1.10
Salary Equivalent Ratio
1.13
💰 Salary Equivalents
Enter your salary to see the equivalent:
$
in Toronto
=
—
in London
Common salary equivalents:
$50k in Toronto
=
$57k in London
$80k in Toronto
=
$90k in London
$100k in Toronto
=
$113k in London
$120k in Toronto
=
$136k in London
$150k in Toronto
=
$170k in London
$200k in Toronto
=
$226k in London
📈 Monthly Budget Breakdown
Toronto
$3,850/mo net
Rent $2,100
Groceries $351
Transport $130
Utilities $113
Leisure $188
Savings $968
London
$3,141/mo net
Rent $2,300
Groceries $369
Transport $180
Utilities $128
Leisure $213
Savings $0
❓ Frequently Asked Questions
Is London cheaper than Toronto?
No, London is approximately 13% more expensive than Toronto based on overall cost of living index.
What salary do I need in London to match $100k in Toronto?
To maintain the same standard of living as a $100,000 salary in Toronto, you would need approximately $113,000 in London.
Which city has lower taxes, Toronto or London?
Toronto has a lower effective tax rate. Toronto has an effective rate of 29% while London has 31%.
Is Toronto or London better for tech workers?
London ranks higher for tech workers with a tech hub score of 9/10 compared to 7/10.