The Toronto Reality Check
Living in Toronto is a financial balancing act. While it offers some of the highest salaries in Canada—rivalling only Calgary and parts of Vancouver—the cost of entry is steep.
In 2026, the average rent for a one-bedroom apartment downtown hovers around $2,650 per month. That means if you earn $60,000 a year, more than 50% of your take-home pay is vanishing into your landlord's pocket.
Did you know?
A salary of $100,000 in Toronto results in approximately $6,050 of monthly net income after taxes, CPP, and EI.
Salary Brackets by Industry
| Job Title | Entry Level | Senior Level |
|---|---|---|
| Software Engineer | $75,000 | $155,000+ |
| Registered Nurse | $72,000 | $108,000 |
| accountant (CPA) | $65,000 | $130,000 |
| Marketing Manager | $70,000 | $125,000 |
| Data Scientist | $85,000 | $160,000+ |
| High School Teacher | $62,000 | $104,000 |
Data aggregated from 2025-2026 market reports and MTC internal data.