Salary vs rent · Toronto
CA$50,000 salary in Toronto: how much rent can you afford?
On CA$50,000/year your monthly take-home budget (gross) is CA$4,167/month. The median rent in Toronto is CA$2,400, which would take 57.6% of your income — Risky.
Your monthly rent budget
Comfortable (25%)up to CA$1,042/mo
Manageable (30%)up to CA$1,250/mo
Stretch (35%)up to CA$1,458/mo
Risky (45%)up to CA$1,875/mo
Rent landscape in Toronto
CA$1,500
36.0% of your salary
Budget rent
CA$2,400
57.6% of your salary
Typical rent
CA$3,800
91.2% of your salary
High-end rent
Renters in Toronto typically spend 26–46% of income on rent. At CA$50,000/year, you have limited room to cover the median rent comfortably.
Data confidence: medium · CMHC Rental Market Report 2023 + Statistics Canada income data · 2023
Other salaries in Toronto