$80,000 is $17,950 more than the average yearly salary of $62,050 in Toronto. A salary of $80,000 per year means that you would be taking home about $59,628 per year after taxes, or $4,969 per month to pay for things like housing, transportation, groceries, and entertainment. The average household income in Toronto is $121,200.
Updated: March 1, 2024
Average Cost of Living per Month in Toronto
The average cost of living in Toronto is $4,254/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
$4,254/month
Monthly net income of $80,000/year
$4,969/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. A person making $80,000 a year in Toronto makes 28.9% more than the average working person in Toronto and will take home about $59,628.
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 $80,000.
Renter
Homeowner
Housing
The average monthly cost of rental housing in Toronto is $2,236.
$0$5,000
Transit
Driver
Transportation
The average monthly cost for a driver in Toronto is $639.
$0$1,000
Groceries
The average person spends $493 on groceries per month in Toronto.
$0$1,500
Utilities
The average monthly cost of utilities in Toronto is $158.
$0$600
Leisure & Entertainment
The average person in Toronto spends $180 on leisure & entertainment per month.
$0$1,000
Clothing
The average person in Toronto spends $42 on clothing per month.
$0$500
Restaurants
The average person in Toronto spends $356 on restaurants per month.
$0$1,000
Other
The average person in Toronto spends $150 on miscellaneous goods and services per month.
$0$2,000
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
$4,254/month
Monthly net income of $80,000/year
$4,969/month
Jobs in Toronto
Definity Financial Corporation
Toronto, ON
$73,200 - $122,100 / year
3 days ago
Scotiabank - 744 Jobs
Toronto, ON
Full-time
17 days ago
Scotiabank - 744 Jobs
Toronto, ON
Full-time
5 days ago
Most affordable cities in Ontario
Avg. Salary$81,800
Avg. Monthly Net pay$5,075
Avg. Cost of Living$3,719
Affordability Index
136.45%
Avg. Salary$71,700
Avg. Monthly Net pay$4,495
Avg. Cost of Living$3,532
Affordability Index
127.26%
Avg. Salary$49,680
Avg. Monthly Net pay$3,284
Avg. Cost of Living$2,769
Affordability Index
118.59%
Avg. Salary$63,000
Avg. Monthly Net pay$4,028
Avg. Cost of Living$3,494
Affordability Index
115.29%
Avg. Salary$57,000
Avg. Monthly Net pay$3,710
Avg. Cost of Living$3,229
Affordability Index
114.88%
Avg. Salary$68,900
Avg. Monthly Net pay$4,331
Avg. Cost of Living$3,806
Affordability Index
113.79%
Avg. Salary$61,000
Avg. Monthly Net pay$3,922
Avg. Cost of Living$3,567
Affordability Index
109.96%
Avg. Salary$55,450
Avg. Monthly Net pay$3,625
Avg. Cost of Living$3,297
Affordability Index
109.94%
Avg. Salary$61,300
Avg. Monthly Net pay$3,938
Avg. Cost of Living$3,604
Affordability Index
109.28%
Avg. Salary$59,950
Avg. Monthly Net pay$3,866
Avg. Cost of Living$3,567
Affordability Index
108.4%
11. Timmins, Ontario
Avg. Salary$55,100
Avg. Monthly Net pay$3,604
Avg. Cost of Living$3,346
Affordability Index
107.72%
12. Milton, Ontario
Avg. Salary$60,900
Avg. Monthly Net pay$3,917
Avg. Cost of Living$3,643
Affordability Index
107.52%
Avg. Salary$60,050
Avg. Monthly Net pay$3,872
Avg. Cost of Living$3,644
Affordability Index
106.25%
Avg. Salary$53,400
Avg. Monthly Net pay$3,506
Avg. Cost of Living$3,346
Affordability Index
104.77%
15. Ottawa, Ontario
Avg. Salary$64,500
Avg. Monthly Net pay$4,108
Avg. Cost of Living$3,936
Affordability Index
104.38%
16. Sarnia, Ontario
Avg. Salary$54,050
Avg. Monthly Net pay$3,543
Avg. Cost of Living$3,428
Affordability Index
103.37%
Avg. Salary$54,450
Avg. Monthly Net pay$3,567
Avg. Cost of Living$3,472
Affordability Index
102.73%
18. Kenora, Ontario
Avg. Salary$55,100
Avg. Monthly Net pay$3,604
Avg. Cost of Living$3,517
Affordability Index
102.48%
Avg. Salary$51,000
Avg. Monthly Net pay$3,365
Avg. Cost of Living$3,357
Affordability Index
100.24%
Avg. Salary$60,250
Avg. Monthly Net pay$3,882
Avg. Cost of Living$3,900
Affordability Index
99.55%
22. Vaughan, Ontario
Avg. Salary$62,050
Avg. Monthly Net pay$3,978
Avg. Cost of Living$4,020
Affordability Index
98.96%
Avg. Salary$53,550
Avg. Monthly Net pay$3,514
Avg. Cost of Living$3,567
Affordability Index
98.53%
Avg. Salary$52,900
Avg. Monthly Net pay$3,477
Avg. Cost of Living$3,560
Affordability Index
97.66%
25. Dryden, Ontario
Avg. Salary$52,850
Avg. Monthly Net pay$3,474
Avg. Cost of Living$3,567
Affordability Index
97.39%
26. Cobourg, Ontario
Avg. Salary$52,000
Avg. Monthly Net pay$3,424
Avg. Cost of Living$3,551
Affordability Index
96.44%
Avg. Salary$47,160
Avg. Monthly Net pay$3,141
Avg. Cost of Living$3,298
Affordability Index
95.25%
Avg. Salary$53,750
Avg. Monthly Net pay$3,526
Avg. Cost of Living$3,717
Affordability Index
94.86%
Avg. Salary$49,400
Avg. Monthly Net pay$3,267
Avg. Cost of Living$3,451
Affordability Index
94.66%
Avg. Salary$50,480
Avg. Monthly Net pay$3,333
Avg. Cost of Living$3,525
Affordability Index
94.55%
31. Hearst, Ontario
Avg. Salary$53,850
Avg. Monthly Net pay$3,532
Avg. Cost of Living$3,769
Affordability Index
93.71%
Avg. Salary$51,950
Avg. Monthly Net pay$3,422
Avg. Cost of Living$3,658
Affordability Index
93.54%
33. Toronto, Ontario
Avg. Salary$62,050
Avg. Monthly Net pay$3,978
Avg. Cost of Living$4,254
Affordability Index
93.52%
Avg. Salary$49,520
Avg. Monthly Net pay$3,274
Avg. Cost of Living$3,530
Affordability Index
92.75%
Avg. Salary$49,920
Avg. Monthly Net pay$3,299
Avg. Cost of Living$3,567
Affordability Index
92.47%
Avg. Salary$49,720
Avg. Monthly Net pay$3,286
Avg. Cost of Living$3,567
Affordability Index
92.13%
Avg. Salary$53,750
Avg. Monthly Net pay$3,526
Avg. Cost of Living$3,841
Affordability Index
91.8%
Avg. Salary$49,560
Avg. Monthly Net pay$3,276
Avg. Cost of Living$3,571
Affordability Index
91.75%
Avg. Salary$49,440
Avg. Monthly Net pay$3,269
Avg. Cost of Living$3,567
Affordability Index
91.65%
40. Guelph, Ontario
Avg. Salary$55,200
Avg. Monthly Net pay$3,610
Avg. Cost of Living$3,954
Affordability Index
91.31%
Avg. Salary$49,720
Avg. Monthly Net pay$3,286
Avg. Cost of Living$3,604
Affordability Index
91.18%
Avg. Salary$47,160
Avg. Monthly Net pay$3,141
Avg. Cost of Living$3,456
Affordability Index
90.9%
Avg. Salary$51,450
Avg. Monthly Net pay$3,393
Avg. Cost of Living$3,736
Affordability Index
90.81%
Avg. Salary$49,160
Avg. Monthly Net pay$3,252
Avg. Cost of Living$3,604
Affordability Index
90.23%
45. London, Ontario
Avg. Salary$50,440
Avg. Monthly Net pay$3,331
Avg. Cost of Living$3,728
Affordability Index
89.34%
46. Markham, Ontario
Avg. Salary$53,950
Avg. Monthly Net pay$3,538
Avg. Cost of Living$3,989
Affordability Index
88.69%
47. Barrie, Ontario
Avg. Salary$51,550
Avg. Monthly Net pay$3,398
Avg. Cost of Living$3,833
Affordability Index
88.66%
48. Thorold, Ontario
Avg. Salary$46,000
Avg. Monthly Net pay$3,070
Avg. Cost of Living$3,477
Affordability Index
88.3%
Avg. Salary$46,200
Avg. Monthly Net pay$3,082
Avg. Cost of Living$3,502
Affordability Index
88.02%
Avg. Salary$47,080
Avg. Monthly Net pay$3,137
Avg. Cost of Living$3,567
Affordability Index
87.93%
Avg. Salary$44,080
Avg. Monthly Net pay$2,952
Avg. Cost of Living$3,363
Affordability Index
87.78%
Avg. Salary$44,840
Avg. Monthly Net pay$2,999
Avg. Cost of Living$3,451
Affordability Index
86.9%
Avg. Salary$45,400
Avg. Monthly Net pay$3,033
Avg. Cost of Living$3,494
Affordability Index
86.81%
54. Welland, Ontario
Avg. Salary$44,440
Avg. Monthly Net pay$2,974
Avg. Cost of Living$3,481
Affordability Index
85.44%
Avg. Salary$46,280
Avg. Monthly Net pay$3,087
Avg. Cost of Living$3,618
Affordability Index
85.33%
Avg. Salary$41,280
Avg. Monthly Net pay$2,780
Avg. Cost of Living$3,278
Affordability Index
84.81%
Avg. Salary$47,560
Avg. Monthly Net pay$3,166
Avg. Cost of Living$3,734
Affordability Index
84.79%
Avg. Salary$46,960
Avg. Monthly Net pay$3,129
Avg. Cost of Living$3,698
Affordability Index
84.62%
59. Windsor, Ontario
Avg. Salary$45,400
Avg. Monthly Net pay$3,033
Avg. Cost of Living$3,589
Affordability Index
84.52%
60. Oshawa, Ontario
Avg. Salary$48,960
Avg. Monthly Net pay$3,240
Avg. Cost of Living$3,837
Affordability Index
84.43%
Avg. Salary$47,880
Avg. Monthly Net pay$3,186
Avg. Cost of Living$3,806
Affordability Index
83.7%
Avg. Salary$57,100
Avg. Monthly Net pay$3,715
Avg. Cost of Living$4,472
Affordability Index
83.07%
63. Orillia, Ontario
Avg. Salary$45,480
Avg. Monthly Net pay$3,038
Avg. Cost of Living$3,665
Affordability Index
82.9%
Avg. Salary$54,150
Avg. Monthly Net pay$3,549
Avg. Cost of Living$4,292
Affordability Index
82.69%
Avg. Salary$45,560
Avg. Monthly Net pay$3,043
Avg. Cost of Living$3,727
Affordability Index
81.65%
Avg. Salary$44,360
Avg. Monthly Net pay$2,969
Avg. Cost of Living$3,641
Affordability Index
81.55%
67. Midland, Ontario
Avg. Salary$45,160
Avg. Monthly Net pay$3,019
Avg. Cost of Living$3,721
Affordability Index
81.12%
Avg. Salary$42,400
Avg. Monthly Net pay$2,849
Avg. Cost of Living$3,567
Affordability Index
79.87%
Avg. Salary$39,120
Avg. Monthly Net pay$2,647
Avg. Cost of Living$3,560
Affordability Index
74.36%
The Affordability Index is based on a single, non-homeowner, who owns a car.
CareerBeacon obtains its data from 3rd party services and cannot verify its accuracy. The information contained on this page is intended to be used for informational purposes only and should not be used to replace legal authority. The information contained in the demographic reports should not be relied upon for determining career and/or relocation decisions.
| Rank | City | Avg. Salary | Avg. Monthly Net pay | Avg. Cost of Living | Affordability Index |
|---|---|---|---|---|---|
01 1 | Oakville, Ontario | $81,800 | $5,075 | $3,719 | 13644 136.45% |
02 2 | Aurora, Ontario | $71,700 | $4,495 | $3,532 | 12726 127.26% |
03 3 | Sault Ste. Marie, Ontario | $49,680 | $3,284 | $2,769 | 11859 118.59% |
04 4 | Whitby, Ontario | $63,000 | $4,028 | $3,494 | 11528 115.29% |
05 5 | Newmarket, Ontario | $57,000 | $3,710 | $3,229 | 11488 114.88% |
06 6 | Burlington, Ontario | $68,900 | $4,331 | $3,806 | 11378 113.79% |
07 7 | Marathon, Ontario | $61,000 | $3,922 | $3,567 | 10996 109.96% |
08 8 | Greater Sudbury, Ontario | $55,450 | $3,625 | $3,297 | 10993 109.94% |
09 9 | Deep River, Ontario | $61,300 | $3,938 | $3,604 | 10927 109.28% |
10 10 | East Gwillimbury, Ontario | $59,950 | $3,866 | $3,567 | 10839 108.4% |
11 11 | Timmins, Ontario | $55,100 | $3,604 | $3,346 | 10772 107.72% |
12 12 | Milton, Ontario | $60,900 | $3,917 | $3,643 | 10752 107.52% |
13 13 | Pickering, Ontario | $60,050 | $3,872 | $3,644 | 10625 106.25% |
14 14 | Innisfil, Ontario | $53,400 | $3,506 | $3,346 | 10477 104.77% |
15 15 | Ottawa, Ontario | $64,500 | $4,108 | $3,936 | 10437 104.38% |
16 16 | Sarnia, Ontario | $54,050 | $3,543 | $3,428 | 10336 103.37% |
17 17 | Orangeville, Ontario | $54,450 | $3,567 | $3,472 | 10272 102.73% |
18 18 | Kenora, Ontario | $55,100 | $3,604 | $3,517 | 10248 102.48% |
19 19 | Ajax, Ontario | $54,300 | $3,558 | $3,514 | 10125 101.25% |
20 20 | Thunder Bay, Ontario | $51,000 | $3,365 | $3,357 | 10023 100.24% |
21 21 | Waterloo, Ontario | $60,250 | $3,882 | $3,900 | 09954 99.55% |
22 22 | Vaughan, Ontario | $62,050 | $3,978 | $4,020 | 09895 98.96% |
23 23 | New Tec*mseth, Ontario | $53,550 | $3,514 | $3,567 | 09852 98.53% |
24 24 | Fort Frances, Ontario | $52,900 | $3,477 | $3,560 | 09766 97.66% |
25 25 | Dryden, Ontario | $52,850 | $3,474 | $3,567 | 09738 97.39% |
26 26 | Cobourg, Ontario | $52,000 | $3,424 | $3,551 | 09643 96.44% |
27 27 | Brantford, Ontario | $47,160 | $3,141 | $3,298 | 09525 95.25% |
28 28 | Kingston, Ontario | $53,750 | $3,526 | $3,717 | 09486 94.86% |
29 29 | Woodstock, Ontario | $49,400 | $3,267 | $3,451 | 09465 94.66% |
30 30 | Stratford, Ontario | $50,480 | $3,333 | $3,525 | 09455 94.55% |
31 31 | Hearst, Ontario | $53,850 | $3,532 | $3,769 | 09370 93.71% |
32 32 | Kitchener, Ontario | $51,950 | $3,422 | $3,658 | 09353 93.54% |
33 33 | Toronto, Ontario | $62,050 | $3,978 | $4,254 | 09351 93.52% |
34 34 | North Bay, Ontario | $49,520 | $3,274 | $3,530 | 09274 92.75% |
35 35 | Atikokan, Ontario | $49,920 | $3,299 | $3,567 | 09247 92.47% |
36 36 | Kapuskasing, Ontario | $49,720 | $3,286 | $3,567 | 09212 92.13% |
37 37 | Hamilton, Ontario | $53,750 | $3,526 | $3,841 | 09180 91.8% |
38 38 | Arnprior, Ontario | $49,560 | $3,276 | $3,571 | 09175 91.75% |
39 39 | Goderich, Ontario | $49,440 | $3,269 | $3,567 | 09164 91.65% |
40 40 | Guelph, Ontario | $55,200 | $3,610 | $3,954 | 09130 91.31% |
41 41 | Timiskaming District, Ontario | $49,720 | $3,286 | $3,604 | 09118 91.18% |
42 42 | Fort Erie, Ontario | $47,160 | $3,141 | $3,456 | 09089 90.9% |
43 43 | Cambridge, Ontario | $51,450 | $3,393 | $3,736 | 09080 90.81% |
44 44 | Temiskaming Shores, Ontario | $49,160 | $3,252 | $3,604 | 09022 90.23% |
45 45 | London, Ontario | $50,440 | $3,331 | $3,728 | 08933 89.34% |
46 46 | Markham, Ontario | $53,950 | $3,538 | $3,989 | 08868 88.69% |
47 47 | Barrie, Ontario | $51,550 | $3,398 | $3,833 | 08866 88.66% |
48 48 | Thorold, Ontario | $46,000 | $3,070 | $3,477 | 08829 88.3% |
49 49 | Brockville, Ontario | $46,200 | $3,082 | $3,502 | 08801 88.02% |
50 50 | Tillsonburg, Ontario | $47,080 | $3,137 | $3,567 | 08793 87.93% |
51 51 | Parry Sound, Ontario | $44,080 | $2,952 | $3,363 | 08778 87.78% |
52 52 | Niagara Falls, Ontario | $44,840 | $2,999 | $3,451 | 08689 86.9% |
53 53 | Brampton, Ontario | $45,400 | $3,033 | $3,494 | 08681 86.81% |
54 54 | Welland, Ontario | $44,440 | $2,974 | $3,481 | 08544 85.44% |
55 55 | St. Thomas, Ontario | $46,280 | $3,087 | $3,618 | 08533 85.33% |
56 56 | Cornwall, Ontario | $41,280 | $2,780 | $3,278 | 08480 84.81% |
57 57 | St. Catharines, Ontario | $47,560 | $3,166 | $3,734 | 08478 84.79% |
58 58 | Peterborough, Ontario | $46,960 | $3,129 | $3,698 | 08461 84.62% |
59 59 | Windsor, Ontario | $45,400 | $3,033 | $3,589 | 08451 84.52% |
60 60 | Oshawa, Ontario | $48,960 | $3,240 | $3,837 | 08442 84.43% |
61 61 | Belleville, Ontario | $47,880 | $3,186 | $3,806 | 08370 83.7% |
62 62 | Richmond Hill, Ontario | $57,100 | $3,715 | $4,472 | 08306 83.07% |
63 63 | Orillia, Ontario | $45,480 | $3,038 | $3,665 | 08289 82.9% |
64 64 | Mississauga, Ontario | $54,150 | $3,549 | $4,292 | 08269 82.69% |
65 65 | Port Colborne, Ontario | $45,560 | $3,043 | $3,727 | 08165 81.65% |
66 66 | Owen Sound, Ontario | $44,360 | $2,969 | $3,641 | 08155 81.55% |
67 67 | Midland, Ontario | $45,160 | $3,019 | $3,721 | 08112 81.12% |
68 68 | Thessalon, Ontario | $42,400 | $2,849 | $3,567 | 07986 79.87% |
69 69 | Elliot Lake, Ontario | $39,120 | $2,647 | $3,560 | 07436 74.36% |
The Affordability Index is based on a single, non-homeowner, who owns a car.
CareerBeacon obtains its data from 3rd party services and cannot verify its accuracy. The information contained on this page is intended to be used for informational purposes only and should not be used to replace legal authority. The information contained in the demographic reports should not be relied upon for determining career and/or relocation decisions.
