Salary vs rent · Toronto
CA$70,000 salary in Toronto: how much rent can you afford?
On CA$70,000/year your monthly take-home budget (gross) is CA$5,833/month. The median rent in Toronto is CA$2,400, which would take 41.1% of your income — Stretch.
Your monthly rent budget
Comfortable (25%)up to CA$1,458/mo
Manageable (30%)up to CA$1,750/mo
Stretch (35%)up to CA$2,042/mo
Risky (45%)up to CA$2,625/mo
Rent landscape in Toronto
CA$1,500
25.7% of your salary
Budget rent
CA$2,400
41.1% of your salary
Typical rent
CA$3,800
65.1% of your salary
High-end rent
Renters in Toronto typically spend 26–46% of income on rent. At CA$70,000/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