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Salary guide · CA

Financial Analyst salary in Toronto: can you afford rent?

A Financial Analyst in Toronto typically earns CA$65,000CA$158,000/year, with a median around CA$94,000/year. Median 1-bedroom rent is CA$2,400/month.

Affordability verdict

Manageable

At a typical Financial Analyst salary of CA$94,000/year, spending on median Toronto rent (CA$2,400/mo) would take up 31% of gross income. That's above the 30% guideline but not uncommon — a manageable situation.

Financial Analyst salary range in Toronto

CA$65,000

Entry level

lower quartile

CA$94,000

Typical

median estimate

CA$158,000

Experienced

upper quartile

Financial analysts evaluate investment opportunities, analyse financial data, and advise businesses and individuals. Figures are gross annual salary estimates for Toronto.

How much rent can a Financial Analyst afford?

25% of income (comfortable)CA$1,958/mo
30% of income (standard)CA$2,350/mo
35% of income (stretch)CA$2,742/mo
Median Toronto rentCA$2,400/mo

Rent landscape in Toronto

CA$1,500

Budget

cheapest 10%

CA$2,400

Median

most common

CA$3,800

Premium

top 10%

1-bedroom equivalent. CMHC Rental Market Report 2023 + Statistics Canada income data · 2023

Check your own rent affordability →

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Explore Toronto further

Cost of living guide: TorontoCan I afford CA$1,500 rent in Toronto?Can I afford CA$2,000 rent in Toronto?