What is a Good Salary in Toronto, Ontario?

What is a Good Salary in Toronto, Ontario?

Enter a salary amount and compare it with the average cost of living.
The average yearly salary in Toronto is $62,050 and the average household income in Toronto is $121,200.

Toronto, Ontario
Updated: November 1, 2024

Average Cost of Living per Month in Toronto

The average cost of living in Toronto is $4,161/month for a single person who rents.This average is based on many factors including the cost of housing, transportation, groceries, and entertainment.
Average cost of living
$4,161/month
Monthly net income of $0/year
$0/month
Average total income in 2020
$62,050
Average total household income in 2020
$121,200

Average Salary in Toronto

The average salary in Toronto is $62,050, which is 14% higher than the Canadian average salary of $54,450.

Cost of Living Calculator

Below are the details used to generate the average Cost of Living for Toronto. Change the inputs to match your lifestyle and see how it compares to the average cost of living and a salary of $0.
Renter
Homeowner
Housing

Housing

The average monthly cost of rental housing in Toronto is $2,128.
Product Avg. Min. Max.
Apartment (1 bedroom) in City Centre, Rent Per Month
$2,529
$2,200
$3,000
Apartment (1 bedroom) Outside of Centre, Rent Per Month
$2,128
$1,800
$2,500
Apartment (3 bedrooms) in City Centre, Rent Per Month
$4,230
$3,500
$6,000
Apartment (3 bedrooms) Outside of Centre, Rent Per Month
$3,449
$2,800
$4,000
Updated: 2024-11-01 (704 contributors in the last 12 months)
Transit
Driver
Transportation

Transportation

The average monthly cost for a driver in Toronto is $638.
Product Avg. Min. Max.
Gasoline (1 liter), Transportation
$1.61
$1.45
$1.72
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car), Transportation
$34,196
$33,978
$39,858
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car), Transportation
$29,279
$27,383
$32,000
Updated: 2024-11-01 (704 contributors in the last 12 months)
Groceries

Groceries

The average person spends $497 on groceries per month in Toronto.
Product Avg. Min. Max.
Milk (regular), (1 liter), Markets
$4.47
$2.00
$6.50
Loaf of Fresh White Bread (500g), Markets
$3.95
$2.50
$6.00
Eggs (regular) (12), Markets
$4.73
$3.49
$7.00
Local Cheese (1kg), Markets
$15.59
$7.99
$35.00
Water (1.5 liter bottle), Markets
$2.36
$1.25
$4.25
Bottle of Wine (Mid-Range), Markets
$18.00
$15.00
$25.00
Domestic Beer (0.5 liter bottle), Markets
$3.63
$2.35
$6.00
Imported Beer (0.33 liter bottle), Markets
$3.88
$3.00
$7.00
Cigarettes 20 Pack (Marlboro), Markets
$20.00
$15.20
$25.00
Apples (1kg), Markets
$5.35
$2.18
$7.00
Chicken Fillets (1kg), Markets
$17.30
$10.00
$28.00
Oranges (1kg), Markets
$5.04
$2.00
$9.00
Potato (1kg), Markets
$3.36
$1.10
$6.59
Lettuce (1 head), Markets
$3.03
$1.99
$4.00
Rice (white), (1kg), Markets
$4.71
$2.20
$10.00
Tomato (1kg), Markets
$5.61
$3.00
$10.00
Banana (1kg), Markets
$1.89
$1.30
$3.86
Onion (1kg), Markets
$3.90
$1.50
$6.59
Beef Round (1kg) (or Equivalent Back Leg Red Meat), Markets
$18.90
$10.00
$30.00
Updated: 2024-11-01 (704 contributors in the last 12 months)
Utilities

Utilities

The average monthly cost of utilities in Toronto is $130.
Product Avg. Min. Max.
Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment, Utilities (Monthly)
$155.24
$100.00
$300.00
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL), Utilities (Monthly)
$71.94
$57.00
$120.00
Mobile Phone Monthly Plan with Calls and 10GB+ Data, Utilities (Monthly)
$58.02
$34.00
$100.00
Updated: 2024-11-01 (704 contributors in the last 12 months)
Leisure & Entertainment

Leisure & Entertainment

The average person in Toronto spends $172 on leisure & entertainment per month.
Product Avg. Min. Max.
Fitness Club, Monthly Fee for 1 Adult, Sports And Leisure
$69.21
$38.00
$120.00
Tennis Court Rent (1 Hour on Weekend), Sports And Leisure
$26.42
$10.00
$40.00
Cinema, International Release, 1 Seat, Sports And Leisure
$18.00
$15.00
$22.00
Updated: 2024-11-01 (704 contributors in the last 12 months)
Clothing

Clothing

The average person in Toronto spends $44 on clothing per month.
Product Avg. Min. Max.
1 Pair of Jeans (Levis 501 Or Similar), Clothing And Shoes
$84.10
$40.00
$129.99
1 Summer Dress in a Chain Store (Zara, H&M, ...), Clothing And Shoes
$55.70
$39.99
$80.00
1 Pair of Nike Running Shoes (Mid-Range), Clothing And Shoes
$134.37
$90.00
$180.00
1 Pair of Men Leather Business Shoes, Clothing And Shoes
$164.55
$113.00
$250.00
Updated: 2024-11-01 (704 contributors in the last 12 months)
Restaurants

Restaurants

The average person in Toronto spends $402 on restaurants per month.
Product Avg. Min. Max.
Meal, Inexpensive Restaurant, Restaurants
$29.00
$18.00
$50.00
Meal for 2 People, Mid-range Restaurant, Three-course, Restaurants
$125.00
$80.00
$200.00
McMeal at McDonalds (or Equivalent Combo Meal), Restaurants
$15.00
$13.00
$17.00
Domestic Beer (0.5 liter draught), Restaurants
$8.00
$4.50
$12.00
Imported Beer (0.33 liter bottle), Restaurants
$10.00
$7.00
$13.00
Coke/Pepsi (0.33 liter bottle), Restaurants
$3.07
$2.00
$4.99
Water (0.33 liter bottle) , Restaurants
$2.42
$2.00
$5.00
Cappuccino (regular), Restaurants
$5.66
$3.00
$8.00
Updated: 2024-11-01 (704 contributors in the last 12 months)
Other

Other

The average person in Toronto spends $150 on miscellaneous goods and services per month.
Product Avg. Min. Max.
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child, Childcare
$1,648
$1,000
$2,200
International Primary School, Yearly for 1 Child, Childcare
$24,636
$16,000
$37,000
Updated: 2024-11-01 (704 contributors in the last 12 months)
General Disclaimer: This tool is designed for approximation purposes only and should not be used to replace a legal or accounting authority. To simplify the process, some variables are assumed to calculate the numbers included on this page. The results of this calculator should not be relied upon to determine career or tax decisions.

Your Results

Disclaimer: These numbers estimate what it costs to live in Toronto based on Numbeo data. People can live in the city for much less, while others may need much more to fund their lifestyle.
Your cost of living
$4,161/month
Monthly net income of $0/year
$0/month

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