City Comparison · Updated May 2026
Canada
COL index 72.8
Canada
COL index 80.4
Calgary vs Toronto — Cost of Living, Salary & Tax Compared (2026)
The verdict
Living in Calgary is 9.5% cheaper than Toronto for the same lifestyle.
Based on Q1 2026 COL index and median single-person expenditure.
Side-by-side stats
| Calgary | Metric | Toronto | Δ |
|---|---|---|---|
| 72.8 | Cost of living index | 80.4 | +10.4% |
| €50,000 | Median gross salary | €50,000 | 0.0% |
| €39,971 | Net at €50,000 gross | €39,971 | 0.0% |
| €1,780 | Rent — 1BR centre | €2,180 | +22.5% |
| €2,607 | Monthly COL (single) | €3,104 | +19.1% |
| €54,906 | PPP — net / COL | €49,715 | -9.5% |
| 20.1% | Effective tax @ €50,000 | 20.1% | 0.0% |
Monthly expenses — paired
Salary equivalence
€50,000 gross in Canada = €3,331 net monthly.
To have the same purchasing power in Toronto, you would need roughly €55,221 gross in Canada (≈ €3,679 net monthly, adjusted for cost-of-living index).
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Pros & cons
- +Lower rent (€1,780 vs €2,180)
- +Favourable tax rate (20.1%)
- −High rent-to-income ratio (53.4%)
- −High cost of living (index 80)
- +Favourable tax rate (20.1%)
- −High rent-to-income ratio (65.4%)
The verdict
Across the data, Calgary carries a lower cost-of-living index; Calgary wins on purchasing power after costs are netted out. If purchasing power is your north star, Calgary edges it.
Frequently asked
Is Calgary cheaper than Toronto?+
Calgary is cheaper. Cost-of-living index: Calgary 72.8, Toronto 80.4 — a 9.5% difference (Q1 2026).
What is the cost of living difference between Calgary and Toronto?+
Calgary sits at 72.8 on our COL index, Toronto at 80.4. That works out to roughly 9.5% — Calgary being the cheaper of the two.
Is Calgary a good place to live compared to Toronto?+
It depends on priorities. Calgary delivers €39,971 net on a €50,000 gross salary at a 20.1% effective tax rate. Toronto delivers €39,971 at 20.1%. Centre 1-bed rent: €1,780 vs €2,180.
How do salaries compare in Calgary vs Toronto?+
On a €50,000 gross salary, take-home is €39,971/year (€3,331/month) in Calgary and €39,971/year (€3,331/month) in Toronto.
Which city has lower taxes, Calgary or Toronto?+
Canada has the lower effective rate at €50,000: Canada 20.1%, Canada 20.1%.