Salary Equivalence
Toronto
Toronto, Canada — cost-of-living and salary purchasing-power profile with a price-level index of 72.8 (New York City = 100).
Key figures
| Price level index | 72.8 |
|---|---|
| Rent index | 61.4 |
| Population | 2,930,000 |
About Toronto
Toronto has a composite price-level index of 72.8 (New York City = 100) and a rent index of 61.4, making it a moderately priced city. It is home to roughly 2.9 million people and uses the CAD. The calculators below convert any salary to and from Toronto so you can judge a move in real purchasing-power terms rather than raw currency.
The comparisons below show how Toronto stacks up against the alternatives people most often weigh against it, with the specific numbers laid out side by side.
Frequently asked questions
How expensive is Toronto?
Toronto has a composite price-level index of 72.8 (NYC = 100) and a rent index of 61.4.
What currency is used in Toronto?
Toronto uses the CAD.
✓ Reviewed by Priya Nair, Data Quality Reviewer.
Last updated 2026-06-01