Best GTA municipalities for commuters
- Vaughan. The commuting benefits of the City of Vaughan are almost endless.
- Pickering. If you’re heading to downtown Toronto but want to live out in the suburbs, the towns and cities to the east of Toronto could be a good choice.
- Markham.
- Mississauga.
- Milton.
- Newmarket.
How much do you need to make to live in downtown Toronto?
Analysts at LowestRates.ca calculated that to get by in Toronto a person needs to be earning a salary of $40,583 (before tax) to meet the living costs of the city.
Life in Toronto: living costs.
| Housing | $1672.13 |
| Phone & internet | $127.50 |
| Transit & taxis/Uber/Lyft | $176.25 |
| Groceries | $283.60 |
| Total | 2688.48 |
|---|
What is the best place to live in downtown Toronto?
- Distillery Historic District. 8,261. Neighborhoods • Historic Walking Areas.
- Kensington Market. 2,960. Neighborhoods.
- Graffiti Alley. 409. Neighborhoods • Points of Interest & Landmarks.
- Toronto Harbour. 558.
- Chinatown. 1,033.
- West Queen West. 257.
- Toronto Waterfront. Neighborhoods • Points of Interest & Landmarks.
- Cabbagetown. 119.
Where do professionals live in Toronto?
Known for being the heart of Toronto’s economy, the Bay Street Corridor is a perfect residential area for young professionals. This neighbourhood stretches along from Front to Bloor, as well as a block to the east and west of Bay.
How much do you need to earn in Toronto to live comfortably?
So how high of a salary do these Torontonians need to be making to afford this kind of lifestyle? For renters who commute, they’d need to make at least $52,850 before tax to make ends meet. For renters who drive, they’d need $59,500.
Is 70k a good starting salary in Toronto?
Average Salary in Toronto
A person making $70,000 a year in Toronto makes 33.9% more than the average working person in Toronto and will take home about $52,587.
Is $60000 a good salary in Toronto?
Average Salary in Toronto
A person making $60,000 a year in Toronto makes 14.8% more than the average working person in Toronto and will take home about $45,785.
Where do rich people live in downtown Toronto?
Bridle Path, Yorks Mills and Sunnybrook
Part of what is known as the Millionaire’s Mile, the neighborhood trinity of Bridle Path, York Mills and Sunnybrook on the northern end of central Toronto is often associated with large lots, multimillion-dollar mansions and the region’s biggest names.
Where should a newcomer live in Toronto?
Here are some of the most popular ones:
- Downtown Core.
- West End.
- High Park.
- East End.
- Scarborough.
- Midtown & North Toronto.
- Access to public transit.
- Recreation and shopping.
What’s the best affordable place to live near Toronto?
If you’re looking to live a little closer to Toronto’s core, Oshawa and Orangeville both offer better connectivity to the rest of the GTA, with detached homes still coming in at an average price of less than a million.
Where do 90% of all Canadians live?
However, despite this vast territory for a relatively small population, more than 90 percent of Canadians live within 150 miles of the US border.
Which job has highest salary in Toronto?
Being a doctor is probably the best-paid profession in Canada. Salaries can go as high as $300,000+ per year, especially for surgeons, cardiologists, radiologists, or anaesthesiologists.
Where do 60% of Canadians live?
The vast majority of people who make up the population of Canada live in the southern part of the country, near the American border, leaving the northern areas largely uninhabited.
What is middle class salary in Toronto?
Income Classes in Canada
| Income group | Salary range |
|---|---|
| Lower-middle class | $32,048 – $53,2413 |
| Middle class | $53,413 – $106,827 |
| Upper-middle class | $106,827 – $236,000 |
| Upper class | More than $236,000 |
Is downtown Toronto expensive?
Family of four estimated monthly costs are 3,668$ (4,986C$) without rent. A single person estimated monthly costs are 1,005$ (1,367C$) without rent. Toronto is 20.21% less expensive than Seattle (without rent). Rent in Toronto is, on average, 28.88% lower than in Seattle.
Is 80k a good salary in Toronto?
The average salary in Toronto is $52,268, which is 10.1% higher than the Canadian average salary of $47,487. A person making $80,000 a year in Toronto makes 53.1% more than the average working person in Toronto and will take home about $59,472.
How is 100k salary in Toronto?
A person making $100,000 a year in Toronto makes 91.3% more than the average working person in Toronto and will take home about $72,983.
Is 40000 a year a good salary in Toronto?
Average Salary in Toronto
A person making $40,000 a year in Toronto makes 23.5% less than the average working person in Toronto and will take home about $32,236.
How much do I need to make to buy a house in Toronto?
Income needed by property type
| Across the GTA | Benchmark home price | Household income needed |
|---|---|---|
| Single-family detached | $1,414,000 | $280,000 |
| Single-family attached | $1,079,000 | $214,000 |
| Townhouse | $838,300 | $167,000 |
| Apartment/condo | $739,000 | $148,000 |
What is the lowest Salary in Toronto?
$15.50 per hour
In October 2022, Ontario’s new minimum wage rates will be: General: $15.50 per hour, a raise from $15 per hour. Students under 18: $14.60 per hour, a raise from $14.10 per hour.
Is 75000 CAD a good Salary?
Average Salary in Toronto
A person making $75,000 a year in Toronto makes 43.5% more than the average working person in Toronto and will take home about $55,955.