Is $45,000 a Good Salary in Toronto? (2026)

The Verdict

Below Typical Professional Income

At $45,000, your income is below the estimated professional median for Toronto (~$84,000). Budgeting will be essential, especially for housing in central districts.

AdSpace • rectangle

Estimated Monthly Allocation

Monthly Net Income

$3,056

Full Tax Breakdown

Housing & Utilities

$1,375

Target 30-35% of net. Covers rent/mortgage in outer districts.

Groceries & Transport

$1,069

Core living expenses adjusted for Toronto CPI.

Lifestyle & Leisure

$458

Dining out, entertainment, and personal care.

Savings & Investment

$153

Remaining allocation for long-term wealth.

Other salary checks in Toronto

Jump to adjacent income bands to stress test lifestyle outcomes.

8 options

$60,000 $75,000 $90,000 $110,000 $130,000 $150,000 $180,000 $200,000

Compare $45,000 across peer hubs

Same salary, different macro-region hubs to benchmark opportunity cost.

Adjust the Numbers

Salary FAQs

What does $45,000 translate to after tax in Toronto?↓

Our deterministic engine estimates roughly $36,666 per year (~$3,056 monthly) after Canada income taxes and mandatory social contributions for a single filer.

Can $45,000 comfortably cover housing in Toronto?↓

Allocating about $1,375 (45% of monthly net income) keeps housing and utilities within the recommended 30–35% band even in prime districts.

How much could I save earning $45,000 in Toronto?↓

Following the Sovereign allocation, you could direct roughly $153 per month (5% of take-home pay) toward investments, reserves, or debt payoff.