Salary vs rent · Toronto
CA$140,000 salary in Toronto: how much rent can you afford?
On CA$140,000/year your monthly take-home budget (gross) is CA$11,667/month. The median rent in Toronto is CA$2,400, which would take 20.6% of your income — Comfortable.
Your monthly rent budget
Comfortable (25%)up to CA$2,917/mo
Manageable (30%)up to CA$3,500/mo
Stretch (35%)up to CA$4,083/mo
Risky (45%)up to CA$5,250/mo
Rent landscape in Toronto
CA$1,500
12.9% of your salary
Budget rent
CA$2,400
20.6% of your salary
Typical rent
CA$3,800
32.6% of your salary
High-end rent
Renters in Toronto typically spend 26–46% of income on rent. At CA$140,000/year, you have good room to cover the median rent comfortably.
Data confidence: medium · CMHC Rental Market Report 2023 + Statistics Canada income data · 2023
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