Can you afford Toronto?
Canada’s economic centre: single-payer healthcare and high safety, offset by housing costs that outpace local salaries.
At a glance
Four scenarios, run for you
| Scenario | Take-home/mo | Costs/mo | Left over | Score | Verdict |
|---|---|---|---|---|---|
| Single, $60k, 1-bed centre | $3,674 | $3,435 | $239 | 50 | tight |
| Single, $100k, 1-bed centre | $5,977 | $3,435 | $2,542 | 100 | comfortable |
| Couple, $140k, 1-bed centre | $8,124 | $4,550 | $3,574 | 100 | comfortable |
| Family of four, $180k, 3-bed outer | $10,174 | $9,048 | $1,125 | 57 | workable |
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FAQ
Frequently asked
What income do you need to live comfortably in Toronto?
On our scoring, "comfortable" means keeping at least 25% of take-home pay after all living costs. For a single adult in a central one-bedroom that needs roughly $76,000 gross a year in Toronto.
Can a family of four live in Toronto on $180,000?
1,125 USD a month left over — 11% of take-home pay. Housing takes 25% of it.
Is $100,000 a good salary in Toronto?
2,542 USD a month left over — 43% of take-home pay. Housing takes 33% of it. That scores 100/100 on our affordability scale — "comfortable".