$150,000 in New York City ≈ CA$121,835 in Toronto
New York City vs Toronto: cost of living, compared
Equivalence is solved so household net cash matches across both cities, with taxes, housing, childcare, healthcare, food, and travel all included.
What changes: New York City → Toronto
- ▴ 20 more paid parental-leave weeks (28 vs 8)
- ▴ Universal healthcare in Toronto (no premium / minimal OOP)
- ▴ Income + payroll tax runs 24.0% in Toronto vs 29.3% in New York City
- ▴ Housing runs about 52% less in Toronto
- ▴ Groceries and dining runs about 49% less in Toronto
The headline math
| New York City household gross | $150,000 |
| New York City taxes (29.3%) | −$43,896 |
| New York City living costs | −$82,241 |
| New York City net cash | $23,863 |
| ≈ | |
| Toronto household gross needed | CA$121,835($85,799) |
| Toronto taxes (24.0%) | −CA$29,274 |
| Toronto living costs | −CA$58,676 |
| Toronto net cash | CA$33,885 |
Computed at the city-median tech-worker salary, New York City (typical professional) · effective tax rates: 29.3% vs 24.0%
The bottom line
- →$150,000 in New York City leaves about the same net cash as CA$121,835 in Toronto for this scenario, after real taxes and living costs.
- →Taxes take 29.3% of gross in New York City versus 24.0% in Toronto.
- →The biggest non-cash swing: 20 more paid parental-leave weeks (28 vs 8).
These numbers use one scenario's assumptions. Plug in your own salary, family size, and lifestyle.
Open the interactive calculator to run your own →No signup. Your salary stays in your browser — we never see it.
Moving from New York City to Toronto
$150,000 in New York City is worth CA$121,835 in Toronto on a household net-cash basis. That is the equivalence figure this tool solves for: the Toronto gross salary whose take-home, after taxes and local costs, lands in the same place as your New York City take-home. Most people are surprised by how large the number is. Most of the gap is taxes.
Taxes are actually lower in Toronto (24.0%) than in New York City (29.3%). That's unusual for a country with a high-tax reputation, and worth checking the bracket structure directly.
Healthcare in Toronto is universal. New York City households pay $3,966 in premiums and out-of-pocket costs per year, and that spending disappears in Toronto. It won't show up in a take-home comparison, but it's real money.
Vacation entitlement is similar: 15 days in New York City, 15 in Toronto.
Living costs (housing, food, transit, discretionary) total $77,900 in New York City and CA$56,656 in Toronto at these scenario defaults. The breakdown table shows each line item separately, with source citations and last-updated dates available on hover.
Understand what's behind these numbers
Common questions
How much do you need to earn in Toronto to match a $150,000 salary in New York City?
About CA$121,835. cityparity solves for the Toronto gross salary whose net cash (after taxes, housing, childcare, healthcare, and the rest) equals what you keep in New York City. It's an equivalence, not a raw conversion.
Is healthcare free in Toronto?
Toronto has universal healthcare, so there are no US-style premiums or large deductibles. cityparity counts that as real money you don't spend, which is part of why the equivalent salary is lower than the raw number suggests.
How much vacation and parental leave do you get in Toronto?
Toronto has about 24 paid days off a year (vacation plus public holidays) and 50 weeks of parental leave. cityparity surfaces these as deltas rather than dollars, because time off is part of the real comparison.
Run your own numbers in the interactive calculator →