Toronto vs London
Salary equivalence calculator
Price-level ratio 1.130. Adjust to recalculate.
| Metric | Toronto | London | Difference |
|---|---|---|---|
| Price level index (NYC=100) | 72.8 | 82.3 | +13.0% |
| Rent index (NYC=100) | 61.4 | 74.6 | +21.5% |
| Equivalent of C$120,000 | C$120,000 | C$135,659 | costlier |
- London is about 13% more expensive than Toronto, so you need a higher nominal salary to break even.
How far does your salary go in London?
Moving from Toronto to London changes your cost of living in ways a currency conversion can't capture. What matters is purchasing power: how much the same basket of housing, food, transport and services costs in each place. On our index, where New York City = 100, Toronto sits at 72.8 and London at 82.3.
That makes London roughly 13% more expensive. A salary of C$120,000 in Toronto translates to about C$135,659 in London. Above that and you gain in real terms; below it and you take an effective pay cut.
Housing drives the gap
Rent is the largest and most variable line in most budgets. London's rent index is 74.6 versus Toronto's 61.4.
Common mistakes
- Converting currency instead of purchasing power.
- Ignoring taxes, which vary by jurisdiction.
- Forgetting one-off relocation costs.
Bottom line
London is about 13% more expensive than Toronto, so you need a higher nominal salary to break even. Use the calculator to plug in your real salary and compare against any concrete offer.
Rent equivalence: Toronto vs London
Based on the rent-index ratio of 1.215 (Toronto 61.4 vs London 74.6, NYC = 100).
Housing is usually the biggest single difference between two cities, and it moves independently of the overall price level. Renting the equivalent home in London costs about 21% more than in Toronto. Enter your actual rent above to see what a like-for-like place would cost after you move — a more honest gauge of affordability than a raw salary conversion, since renters and owners feel very different impacts.
Frequently asked questions
What salary do I need in London to match Toronto?
To keep the same standard of living as C$120,000 in Toronto, you would need roughly C$135,659 in London, a price-level ratio of 1.13.
Is London more expensive than Toronto?
Yes, by about 13% on the overall price level.
How much is rent in London compared to Toronto?
Rent in London is about 21% higher than in Toronto (rent indices 61.4 vs 74.6, NYC = 100). Use the rent calculator on this page for your exact figure.
How is the equivalent salary calculated?
We multiply your salary by the ratio of the two cities' composite price-level indices (housing, food, transport, services), benchmarked so New York City = 100.
Methodology
We build a composite price-level index for each city from official regional price parities and international purchasing-power parities across housing, food, transport and services, normalized so New York City = 100. The equivalent salary is your salary multiplied by the ratio of the destination index to the origin index. It estimates the income needed to hold real purchasing power constant and does not model taxes.