🇨🇦 Canada · #184 of 538 cities · 2026

Should I Move to Toronto?

34.4% cheaper than NYC — and purchasing power is very strong.

Run the calculator below with your actual salary to get a personalised answer.

-34.4%
vs NYC
CAD 1,497
Estimated rent in
CAD 5,087
Net take-home
Very strong
Purchasing Power

Source: Numbeo · NYC = 100 baseline · Data verified Q1 2026

Personalised Answer

Compare your salary — move to Toronto?

Example: CAD 80,331 gross/year in Canada → CAD 5,087/month net after tax (24% effective rate). Full Canada tax breakdown → →

The numbers

Cost breakdown — Toronto

Cost indices vs NYC = 100

Cost of Living
65.6 Moderate
Rent
36.3 Affordable
Groceries
68.2 Moderate
Restaurants
68.8 Moderate
Purchasing Power
138.2 Very strong

Estimated rent in Toronto

1-BR — City centre CAD 1,497/mo
1-BR — Outside centre CAD 1,123/mo
3-BR — City centre CAD 2,608/mo
Save by going outside centre ~25% cheaper

Estimated from rent index. Actual prices vary.

Tax reality

Canada take-home pay

CAD 80,331 → CAD 5,087/Net take-home (24% effective rate, single filer)

Full Canada tax calculator →

Similar options

Considering alternatives?

Cities in the same country or region with a comparable cost of living.

🇨🇦 Surrey
Canada
CoL index 65.3
🇨🇦 Vancouver
Canada
CoL index 67.2
🇨🇦 Victoria
Canada
CoL index 67.5

Ready to run the numbers?

Enter your salary and current city. Get exact take-home pay in Toronto after tax — in seconds.

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