Toronto skyline - salary insights and cost of living guide

Salary Guide: Toronto

Canada · Salary & Cost of Living Guide 2026

$58,000 Median Salary
75 CoL Index
$2,100 Avg Rent 1BR
7/10 Tech Hub Score

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Job Salaries in Toronto

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Cost of Living in Toronto

Toronto at a Glance

Map of Toronto showing key areas and neighborhoods
Median Salary
$58,000/year
Before taxes
Average Rent (1BR)
$2,100/month
City center
Average Rent (2BR)
$2,900/month
City center
Monthly Transport
$130
Public transit pass
Groceries Index
78
NYC = 100
Purchasing Power
82
NYC = 100, higher is better
Tech Hub Score
7/10
Job market strength
Effective Tax Rate
29%
At median income

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Last updated: 2026-02-28 | Data sources: Numbeo, OECD, Glassdoor, and local government statistics.