Salary guide · CA
Accountant salary in Toronto: can you afford rent?
A Accountant in Toronto typically earns CA$58,000–CA$130,000/year, with a median around CA$83,000/year. Median 1-bedroom rent is CA$2,400/month.
Affordability verdict
At a typical Accountant salary of CA$83,000/year, spending on median Toronto rent (CA$2,400/mo) would take up 35% of gross income. That's above the 30% guideline but not uncommon — a manageable situation.
Accountant salary range in Toronto
CA$58,000
Entry level
lower quartile
CA$83,000
Typical
median estimate
CA$130,000
Experienced
upper quartile
Accountants prepare and examine financial records, ensure tax compliance, and advise on financial strategy. Figures are gross annual salary estimates for Toronto.
How much rent can a Accountant afford?
Rent landscape in Toronto
CA$1,500
Budget
cheapest 10%
CA$2,400
Median
most common
CA$3,800
Premium
top 10%
1-bedroom equivalent. CMHC Rental Market Report 2024 (1-bed growth decelerated to +2.7% YoY) + Statistics Canada income data · 2024
Frequently asked questions
What does a Accountant earn in Toronto?
A Accountant in Toronto typically earns between CA$58,000 and CA$130,000/year, with a median around CA$83,000/year. Salaries vary by experience, employer, and sector.
Can a Accountant afford to live in Toronto?
At a typical Accountant salary of CA$83,000/year, median Toronto rent (CA$2,400/month) takes up 35% of gross income — above the 30% guideline but not unusual in this market. Budget options in Toronto start around CA$1,500/month.
How much rent can a Accountant afford in Toronto?
On a median Accountant salary of CA$83,000/year, the recommended 30% rent budget is CA$2,075/month. Compared to Toronto's median rent of CA$2,400/month, this means some budget trade-offs will be necessary — look at areas below the city median.
Other professions in Toronto
Accountant salary in other cities