Toronto vs New York
Salary & cost of living comparison
Metric
Toronto
New York
Median Salary
$58,000
↓
$75,000
↑
Rent (1BR)
$2,100
↓
$3,200
↑
Rent (2BR)
$2,900
↓
$4,500
↑
CoL Index
75
↓
100
↑
Groceries
78
↓
100
↑
Transport
$130
↑
$127
↓
Tax Rate
29%
↑
28.5%
↓
Tech Hub
7/10
↓
9/10
↑
Cost of Living Ratio
1.33
New York is more expensive
Rent Ratio
1.52
Salary Equivalent Ratio
1.33
💰 Salary Equivalents
Enter your salary to see the equivalent:
$
in Toronto
=
—
in New York
Common salary equivalents:
$50k in Toronto
=
$67k in New York
$80k in Toronto
=
$106k in New York
$100k in Toronto
=
$133k in New York
$120k in Toronto
=
$160k in New York
$150k in Toronto
=
$200k in New York
$200k in Toronto
=
$266k in New York
📈 Monthly Budget Breakdown
Toronto
$3,850/mo net
Rent $2,100
Groceries $351
Transport $130
Utilities $113
Leisure $188
Savings $968
New York
$4,780/mo net
Rent $3,200
Groceries $450
Transport $127
Utilities $150
Leisure $250
Savings $603
❓ Frequently Asked Questions
No, New York is approximately 33% more expensive than Toronto based on overall cost of living index.
To maintain the same standard of living as a $100,000 salary in Toronto, you would need approximately $133,000 in New York.
New York has a lower effective tax rate. Toronto has an effective rate of 29% while New York has 28.5%.
New York ranks higher for tech workers with a tech hub score of 9/10 compared to 7/10.