City Comparison

New York, NY vs Toronto, ON

Cost-of-living comparison, salary equivalence, housing costs, and tax differences.

Data last updated: July 25, 2026
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Side-by-Side Comparison

New York, NY

COL Index172.5
Housing Index230.0
Median Salary$75,000
1BR Rent (avg)$3,200
3BR Rent (avg)$5,800
State/Prov Tax6.9%

Toronto, ON

COL Index135.0
Housing Index175.0
Median Salary$72,000
1BR Rent (avg)$2,400
3BR Rent (avg)$3,800
State/Prov Tax5.1%

Salary Equivalence

Current Salary (New York, NY)Equivalent in Toronto, ONHousing-Adjusted
$50,000$39,130$38,043
$75,000$58,695$57,065
$100,000$78,260$76,086
$150,000$117,391$114,130
$200,000$156,521$152,173
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Key Differences

Overall COL Difference-21.7%
Housing Cost Difference-23.9%
1BR Rent Difference-25.0%
3BR Rent Difference-34.5%
Tax Rate Difference-1.8 pts

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