Toronto vs Vancouver
Salary & cost of living comparison
Metric
Toronto
Vancouver
Median Salary
$58,000
↑
$55,000
↓
Rent (1BR)
$2,100
↑
$2,000
↓
Rent (2BR)
$2,900
↑
$2,800
↓
CoL Index
75
↑
73
↓
Groceries
78
↑
76
↓
Transport
$130
↑
$120
↓
Tax Rate
29%
↑
28%
↓
Tech Hub
7/10
7/10
Cost of Living Ratio
0.97
Vancouver is cheaper
Rent Ratio
0.95
Salary Equivalent Ratio
0.97
💰 Salary Equivalents
Enter your salary to see the equivalent:
$
in Toronto
=
—
in Vancouver
Common salary equivalents:
$50k in Toronto
=
$49k in Vancouver
$80k in Toronto
=
$78k in Vancouver
$100k in Toronto
=
$97k in Vancouver
$120k in Toronto
=
$116k in Vancouver
$150k in Toronto
=
$146k in Vancouver
$200k in Toronto
=
$194k in Vancouver
📈 Monthly Budget Breakdown
Toronto
$3,850/mo net
Rent $2,100
Groceries $351
Transport $130
Utilities $113
Leisure $188
Savings $968
Vancouver
$3,666/mo net
Rent $2,000
Groceries $342
Transport $120
Utilities $110
Leisure $183
Savings $911
❓ Frequently Asked Questions
Is Vancouver cheaper than Toronto?
Yes, Vancouver is approximately 3% cheaper than Toronto based on overall cost of living index.
What salary do I need in Vancouver to match $100k in Toronto?
To maintain the same standard of living as a $100,000 salary in Toronto, you would need approximately $97,000 in Vancouver.
Which city has lower taxes, Toronto or Vancouver?
Vancouver has a lower effective tax rate. Toronto has an effective rate of 29% while Vancouver has 28%.
Is Toronto or Vancouver better for tech workers?
Toronto ranks higher for tech workers with a tech hub score of 7/10 compared to 7/10.