Purchasing Power: New York vs 
Toronto (2026)
See what your salary in New York would feel like in Toronto — and what you'd need to earn to maintain the same lifestyle.
From City
Your Gross Salary in New York
To City
A full monthly lifestyle basket costs $4,582 in New York vs $3,536 in Toronto
Monthly Cost of Living: New York vs Toronto
| Category |  New York |  Toronto |
|---|---|---|
| 🏠 Rent | $3,500 | $2,500 |
| 🛒 Groceries | $500 | $450 |
| 🍽️ Eating Out | $300 | $280 |
| 🚌 Transport | $132 | $156 |
| ⚡ Utilities | $150 | $150 |
| Total Essentials | $4,582 | $3,536 |
To match your lifestyle in New York on $100,000/year, you need approximately $79,798/year gross in Toronto.
That's $6,650/month gross, or roughly $38/hour.
New York
Monthly Net: $6,556
Monthly Expenses: $4,582
Disposable: $1,974
Savings Rate: 30.1%
Toronto (estimated)
Monthly Expenses: $3,536
To match disposable: $5,510 net/month needed
Equivalent gross: $79,798/year
Compare other city pairs
Frequently Asked Questions
How far does $100,000 go in Toronto compared to New York?
A monthly lifestyle basket costs $4,582 in New York versus $3,536 in Toronto.
What salary do I need in Toronto to match my lifestyle in New York?
To maintain the same disposable income and lifestyle as earning $100,000/year in New York, you would need to earn approximately $79,798/year gross in Toronto.
Is Toronto cheaper than New York to live in?
Monthly essential costs are $4,582 in New York versus $3,536 in Toronto. Note that these are in different currencies.