$125,000 is $62,950 more than the average yearly salary of $62,050 in Toronto. A salary of $125,000 per year means that you would be taking home about $88,784 per year after taxes, or $7,399 per month to pay for things like housing, transportation, groceries, and entertainment. The average household income in Toronto is $121,200.
Updated: May 1, 2024
Average Cost of Living per Month in Toronto
The average cost of living in Toronto is $4,257/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
$4,257/month
Monthly net income of $125,000/year
$7,399/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 $125,000 a year in Toronto makes 101.5% more than the average working person in Toronto and will take home about $88,784.
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 $125,000.
Renter
Homeowner
Housing
The average monthly cost of rental housing in Toronto is $2,235.
$0$5,000
Transit
Driver
Transportation
The average monthly cost for a driver in Toronto is $641.
$0$1,000
Groceries
The average person spends $502 on groceries per month in Toronto.
$0$1,500
Utilities
The average monthly cost of utilities in Toronto is $134.
$0$600
Leisure & Entertainment
The average person in Toronto spends $177 on leisure & entertainment per month.
$0$1,000
Clothing
The average person in Toronto spends $44 on clothing per month.
$0$500
Restaurants
The average person in Toronto spends $374 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
$4,257/month
Monthly net income of $125,000/year
$7,399/month
Jobs in Toronto
Scotiabank - 794 Jobs
Toronto, ON
Full-time
5 days ago
Scotiabank - 794 Jobs
Toronto, ON
Full-time
3 days ago
Most affordable cities in Ontario
Avg. Salary$81,800
Avg. Monthly Net pay$5,075
Avg. Cost of Living$3,759
Affordability Index
135%
Avg. Salary$71,700
Avg. Monthly Net pay$4,495
Avg. Cost of Living$3,469
Affordability Index
129.57%
Avg. Salary$49,680
Avg. Monthly Net pay$3,284
Avg. Cost of Living$2,734
Affordability Index
120.11%
Avg. Salary$63,000
Avg. Monthly Net pay$4,028
Avg. Cost of Living$3,530
Affordability Index
114.11%
Avg. Salary$68,900
Avg. Monthly Net pay$4,331
Avg. Cost of Living$3,799
Affordability Index
114%
Avg. Salary$55,450
Avg. Monthly Net pay$3,625
Avg. Cost of Living$3,193
Affordability Index
113.52%
Avg. Salary$59,950
Avg. Monthly Net pay$3,866
Avg. Cost of Living$3,438
Affordability Index
112.46%
Avg. Salary$57,000
Avg. Monthly Net pay$3,710
Avg. Cost of Living$3,331
Affordability Index
111.36%
Avg. Salary$61,300
Avg. Monthly Net pay$3,938
Avg. Cost of Living$3,547
Affordability Index
111.03%
Avg. Salary$60,050
Avg. Monthly Net pay$3,872
Avg. Cost of Living$3,544
Affordability Index
109.25%
11. Timmins, Ontario
Avg. Salary$55,100
Avg. Monthly Net pay$3,604
Avg. Cost of Living$3,311
Affordability Index
108.86%
Avg. Salary$57,100
Avg. Monthly Net pay$3,715
Avg. Cost of Living$3,428
Affordability Index
108.37%
Avg. Salary$61,000
Avg. Monthly Net pay$3,922
Avg. Cost of Living$3,631
Affordability Index
108.02%
14. Milton, Ontario
Avg. Salary$60,900
Avg. Monthly Net pay$3,917
Avg. Cost of Living$3,643
Affordability Index
107.52%
Avg. Salary$54,450
Avg. Monthly Net pay$3,567
Avg. Cost of Living$3,322
Affordability Index
107.37%
16. Kenora, Ontario
Avg. Salary$55,100
Avg. Monthly Net pay$3,604
Avg. Cost of Living$3,383
Affordability Index
106.54%
17. Ottawa, Ontario
Avg. Salary$64,500
Avg. Monthly Net pay$4,108
Avg. Cost of Living$3,858
Affordability Index
106.49%
Avg. Salary$60,250
Avg. Monthly Net pay$3,882
Avg. Cost of Living$3,694
Affordability Index
105.1%
19. Sarnia, Ontario
Avg. Salary$54,050
Avg. Monthly Net pay$3,543
Avg. Cost of Living$3,389
Affordability Index
104.56%
20. Vaughan, Ontario
Avg. Salary$62,050
Avg. Monthly Net pay$3,978
Avg. Cost of Living$3,877
Affordability Index
102.61%
21. Ajax, Ontario
Avg. Salary$54,300
Avg. Monthly Net pay$3,558
Avg. Cost of Living$3,480
Affordability Index
102.24%
Avg. Salary$52,900
Avg. Monthly Net pay$3,477
Avg. Cost of Living$3,422
Affordability Index
101.6%
Avg. Salary$53,400
Avg. Monthly Net pay$3,506
Avg. Cost of Living$3,476
Affordability Index
100.86%
24. Cobourg, Ontario
Avg. Salary$52,000
Avg. Monthly Net pay$3,424
Avg. Cost of Living$3,410
Affordability Index
100.42%
Avg. Salary$53,550
Avg. Monthly Net pay$3,514
Avg. Cost of Living$3,504
Affordability Index
100.3%
Avg. Salary$51,000
Avg. Monthly Net pay$3,365
Avg. Cost of Living$3,383
Affordability Index
99.47%
Avg. Salary$49,400
Avg. Monthly Net pay$3,267
Avg. Cost of Living$3,293
Affordability Index
99.2%
28. Oshawa, Ontario
Avg. Salary$48,960
Avg. Monthly Net pay$3,240
Avg. Cost of Living$3,278
Affordability Index
98.83%
Avg. Salary$53,750
Avg. Monthly Net pay$3,526
Avg. Cost of Living$3,583
Affordability Index
98.41%
30. Dryden, Ontario
Avg. Salary$52,850
Avg. Monthly Net pay$3,474
Avg. Cost of Living$3,631
Affordability Index
95.67%
Avg. Salary$49,560
Avg. Monthly Net pay$3,276
Avg. Cost of Living$3,447
Affordability Index
95.05%
Avg. Salary$47,160
Avg. Monthly Net pay$3,141
Avg. Cost of Living$3,343
Affordability Index
93.97%
Avg. Salary$50,480
Avg. Monthly Net pay$3,333
Avg. Cost of Living$3,547
Affordability Index
93.97%
34. Hearst, Ontario
Avg. Salary$53,850
Avg. Monthly Net pay$3,532
Avg. Cost of Living$3,773
Affordability Index
93.61%
Avg. Salary$49,520
Avg. Monthly Net pay$3,274
Avg. Cost of Living$3,501
Affordability Index
93.52%
36. Toronto, Ontario
Avg. Salary$62,050
Avg. Monthly Net pay$3,978
Avg. Cost of Living$4,257
Affordability Index
93.45%
Avg. Salary$47,160
Avg. Monthly Net pay$3,141
Avg. Cost of Living$3,390
Affordability Index
92.67%
Avg. Salary$49,720
Avg. Monthly Net pay$3,286
Avg. Cost of Living$3,547
Affordability Index
92.65%
Avg. Salary$51,950
Avg. Monthly Net pay$3,422
Avg. Cost of Living$3,713
Affordability Index
92.15%
Avg. Salary$49,720
Avg. Monthly Net pay$3,286
Avg. Cost of Living$3,571
Affordability Index
92.03%
Avg. Salary$49,160
Avg. Monthly Net pay$3,252
Avg. Cost of Living$3,547
Affordability Index
91.68%
Avg. Salary$53,750
Avg. Monthly Net pay$3,526
Avg. Cost of Living$3,856
Affordability Index
91.44%
43. Thorold, Ontario
Avg. Salary$46,000
Avg. Monthly Net pay$3,070
Avg. Cost of Living$3,362
Affordability Index
91.32%
44. Guelph, Ontario
Avg. Salary$55,200
Avg. Monthly Net pay$3,610
Avg. Cost of Living$3,959
Affordability Index
91.19%
Avg. Salary$46,200
Avg. Monthly Net pay$3,082
Avg. Cost of Living$3,391
Affordability Index
90.9%
Avg. Salary$49,920
Avg. Monthly Net pay$3,299
Avg. Cost of Living$3,631
Affordability Index
90.84%
47. Barrie, Ontario
Avg. Salary$51,550
Avg. Monthly Net pay$3,398
Avg. Cost of Living$3,780
Affordability Index
89.9%
Avg. Salary$49,440
Avg. Monthly Net pay$3,269
Avg. Cost of Living$3,648
Affordability Index
89.61%
49. Markham, Ontario
Avg. Salary$53,950
Avg. Monthly Net pay$3,538
Avg. Cost of Living$3,966
Affordability Index
89.2%
Avg. Salary$51,450
Avg. Monthly Net pay$3,393
Avg. Cost of Living$3,807
Affordability Index
89.11%
Avg. Salary$45,560
Avg. Monthly Net pay$3,043
Avg. Cost of Living$3,416
Affordability Index
89.08%
52. Midland, Ontario
Avg. Salary$45,160
Avg. Monthly Net pay$3,019
Avg. Cost of Living$3,414
Affordability Index
88.42%
Avg. Salary$46,280
Avg. Monthly Net pay$3,087
Avg. Cost of Living$3,515
Affordability Index
87.83%
Avg. Salary$44,840
Avg. Monthly Net pay$2,999
Avg. Cost of Living$3,448
Affordability Index
86.97%
55. London, Ontario
Avg. Salary$50,440
Avg. Monthly Net pay$3,331
Avg. Cost of Living$3,835
Affordability Index
86.85%
Avg. Salary$47,080
Avg. Monthly Net pay$3,137
Avg. Cost of Living$3,648
Affordability Index
85.98%
Avg. Salary$44,080
Avg. Monthly Net pay$2,952
Avg. Cost of Living$3,437
Affordability Index
85.89%
Avg. Salary$46,960
Avg. Monthly Net pay$3,129
Avg. Cost of Living$3,649
Affordability Index
85.75%
Avg. Salary$54,150
Avg. Monthly Net pay$3,549
Avg. Cost of Living$4,162
Affordability Index
85.28%
60. Welland, Ontario
Avg. Salary$44,440
Avg. Monthly Net pay$2,974
Avg. Cost of Living$3,492
Affordability Index
85.17%
Avg. Salary$47,560
Avg. Monthly Net pay$3,166
Avg. Cost of Living$3,729
Affordability Index
84.9%
Avg. Salary$41,280
Avg. Monthly Net pay$2,780
Avg. Cost of Living$3,280
Affordability Index
84.76%
Avg. Salary$45,400
Avg. Monthly Net pay$3,033
Avg. Cost of Living$3,617
Affordability Index
83.86%
Avg. Salary$44,360
Avg. Monthly Net pay$2,969
Avg. Cost of Living$3,553
Affordability Index
83.57%
65. Windsor, Ontario
Avg. Salary$45,400
Avg. Monthly Net pay$3,033
Avg. Cost of Living$3,636
Affordability Index
83.42%
Avg. Salary$47,880
Avg. Monthly Net pay$3,186
Avg. Cost of Living$3,828
Affordability Index
83.22%
67. Orillia, Ontario
Avg. Salary$45,480
Avg. Monthly Net pay$3,038
Avg. Cost of Living$3,669
Affordability Index
82.81%
Avg. Salary$42,400
Avg. Monthly Net pay$2,849
Avg. Cost of Living$3,547
Affordability Index
80.32%
Avg. Salary$39,120
Avg. Monthly Net pay$2,647
Avg. Cost of Living$3,465
Affordability Index
76.4%
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 | $3,759 | 13499 135% |
02 2 | Aurora, Ontario | $71,700 | $4,495 | $3,469 | 12957 129.57% |
03 3 | Sault Ste. Marie, Ontario | $49,680 | $3,284 | $2,734 | 12010 120.11% |
04 4 | Whitby, Ontario | $63,000 | $4,028 | $3,530 | 11410 114.11% |
05 5 | Burlington, Ontario | $68,900 | $4,331 | $3,799 | 11399 114% |
06 6 | Greater Sudbury, Ontario | $55,450 | $3,625 | $3,193 | 11352 113.52% |
07 7 | East Gwillimbury, Ontario | $59,950 | $3,866 | $3,438 | 11246 112.46% |
08 8 | Newmarket, Ontario | $57,000 | $3,710 | $3,331 | 11136 111.36% |
09 9 | Deep River, Ontario | $61,300 | $3,938 | $3,547 | 11103 111.03% |
10 10 | Pickering, Ontario | $60,050 | $3,872 | $3,544 | 10924 109.25% |
11 11 | Timmins, Ontario | $55,100 | $3,604 | $3,311 | 10886 108.86% |
12 12 | Richmond Hill, Ontario | $57,100 | $3,715 | $3,428 | 10836 108.37% |
13 13 | Marathon, Ontario | $61,000 | $3,922 | $3,631 | 10802 108.02% |
14 14 | Milton, Ontario | $60,900 | $3,917 | $3,643 | 10752 107.52% |
15 15 | Orangeville, Ontario | $54,450 | $3,567 | $3,322 | 10736 107.37% |
16 16 | Kenora, Ontario | $55,100 | $3,604 | $3,383 | 10654 106.54% |
17 17 | Ottawa, Ontario | $64,500 | $4,108 | $3,858 | 10648 106.49% |
18 18 | Waterloo, Ontario | $60,250 | $3,882 | $3,694 | 10510 105.1% |
19 19 | Sarnia, Ontario | $54,050 | $3,543 | $3,389 | 10455 104.56% |
20 20 | Vaughan, Ontario | $62,050 | $3,978 | $3,877 | 10260 102.61% |
21 21 | Ajax, Ontario | $54,300 | $3,558 | $3,480 | 10224 102.24% |
22 22 | Fort Frances, Ontario | $52,900 | $3,477 | $3,422 | 10159 101.6% |
23 23 | Innisfil, Ontario | $53,400 | $3,506 | $3,476 | 10085 100.86% |
24 24 | Cobourg, Ontario | $52,000 | $3,424 | $3,410 | 10042 100.42% |
25 25 | New Tec*mseth, Ontario | $53,550 | $3,514 | $3,504 | 10029 100.3% |
26 26 | Thunder Bay, Ontario | $51,000 | $3,365 | $3,383 | 09946 99.47% |
27 27 | Woodstock, Ontario | $49,400 | $3,267 | $3,293 | 09919 99.2% |
28 28 | Oshawa, Ontario | $48,960 | $3,240 | $3,278 | 09882 98.83% |
29 29 | Kingston, Ontario | $53,750 | $3,526 | $3,583 | 09841 98.41% |
30 30 | Dryden, Ontario | $52,850 | $3,474 | $3,631 | 09567 95.67% |
31 31 | Arnprior, Ontario | $49,560 | $3,276 | $3,447 | 09505 95.05% |
32 32 | Brantford, Ontario | $47,160 | $3,141 | $3,343 | 09397 93.97% |
33 33 | Stratford, Ontario | $50,480 | $3,333 | $3,547 | 09396 93.97% |
34 34 | Hearst, Ontario | $53,850 | $3,532 | $3,773 | 09360 93.61% |
35 35 | North Bay, Ontario | $49,520 | $3,274 | $3,501 | 09351 93.52% |
36 36 | Toronto, Ontario | $62,050 | $3,978 | $4,257 | 09345 93.45% |
37 37 | Fort Erie, Ontario | $47,160 | $3,141 | $3,390 | 09266 92.67% |
38 38 | Timiskaming District, Ontario | $49,720 | $3,286 | $3,547 | 09264 92.65% |
39 39 | Kitchener, Ontario | $51,950 | $3,422 | $3,713 | 09215 92.15% |
40 40 | Kapuskasing, Ontario | $49,720 | $3,286 | $3,571 | 09202 92.03% |
41 41 | Temiskaming Shores, Ontario | $49,160 | $3,252 | $3,547 | 09167 91.68% |
42 42 | Hamilton, Ontario | $53,750 | $3,526 | $3,856 | 09144 91.44% |
43 43 | Thorold, Ontario | $46,000 | $3,070 | $3,362 | 09131 91.32% |
44 44 | Guelph, Ontario | $55,200 | $3,610 | $3,959 | 09118 91.19% |
45 45 | Brockville, Ontario | $46,200 | $3,082 | $3,391 | 09090 90.9% |
46 46 | Atikokan, Ontario | $49,920 | $3,299 | $3,631 | 09084 90.84% |
47 47 | Barrie, Ontario | $51,550 | $3,398 | $3,780 | 08990 89.9% |
48 48 | Goderich, Ontario | $49,440 | $3,269 | $3,648 | 08961 89.61% |
49 49 | Markham, Ontario | $53,950 | $3,538 | $3,966 | 08919 89.2% |
50 50 | Cambridge, Ontario | $51,450 | $3,393 | $3,807 | 08911 89.11% |
51 51 | Port Colborne, Ontario | $45,560 | $3,043 | $3,416 | 08908 89.08% |
52 52 | Midland, Ontario | $45,160 | $3,019 | $3,414 | 08841 88.42% |
53 53 | St. Thomas, Ontario | $46,280 | $3,087 | $3,515 | 08783 87.83% |
54 54 | Niagara Falls, Ontario | $44,840 | $2,999 | $3,448 | 08697 86.97% |
55 55 | London, Ontario | $50,440 | $3,331 | $3,835 | 08684 86.85% |
56 56 | Tillsonburg, Ontario | $47,080 | $3,137 | $3,648 | 08597 85.98% |
57 57 | Parry Sound, Ontario | $44,080 | $2,952 | $3,437 | 08589 85.89% |
58 58 | Peterborough, Ontario | $46,960 | $3,129 | $3,649 | 08575 85.75% |
59 59 | Mississauga, Ontario | $54,150 | $3,549 | $4,162 | 08527 85.28% |
60 60 | Welland, Ontario | $44,440 | $2,974 | $3,492 | 08517 85.17% |
61 61 | St. Catharines, Ontario | $47,560 | $3,166 | $3,729 | 08490 84.9% |
62 62 | Cornwall, Ontario | $41,280 | $2,780 | $3,280 | 08475 84.76% |
63 63 | Brampton, Ontario | $45,400 | $3,033 | $3,617 | 08386 83.86% |
64 64 | Owen Sound, Ontario | $44,360 | $2,969 | $3,553 | 08357 83.57% |
65 65 | Windsor, Ontario | $45,400 | $3,033 | $3,636 | 08342 83.42% |
66 66 | Belleville, Ontario | $47,880 | $3,186 | $3,828 | 08322 83.22% |
67 67 | Orillia, Ontario | $45,480 | $3,038 | $3,669 | 08280 82.81% |
68 68 | Thessalon, Ontario | $42,400 | $2,849 | $3,547 | 08031 80.32% |
69 69 | Elliot Lake, Ontario | $39,120 | $2,647 | $3,465 | 07640 76.4% |
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.
