Salary guide · CA
Software Engineer salary in Toronto: can you afford rent?
A Software Engineer in Toronto typically earns CA$86,000–CA$230,000/year, with a median around CA$137,000/year. Median 1-bedroom rent is CA$2,400/month.
Affordability verdict
At a typical Software Engineer salary of CA$137,000/year, spending on median Toronto rent (CA$2,400/mo) would take up 21% of gross income. That's within the recommended 30% threshold — a comfortable situation.
Software Engineer salary range in Toronto
CA$86,000
Entry level
lower quartile
CA$137,000
Typical
median estimate
CA$230,000
Experienced
upper quartile
Software engineers design, build, and maintain applications and systems software. Figures are gross annual salary estimates for Toronto.
How much rent can a Software Engineer 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 Software Engineer earn in Toronto?
A Software Engineer in Toronto typically earns between CA$86,000 and CA$230,000/year, with a median around CA$137,000/year. Salaries vary by experience, employer, and sector.
Can a Software Engineer afford to live in Toronto?
At a typical Software Engineer salary of CA$137,000/year, median Toronto rent (CA$2,400/month) takes up 21% of gross income — within the recommended 30% threshold. Budget options in Toronto start around CA$1,500/month.
How much rent can a Software Engineer afford in Toronto?
On a median Software Engineer salary of CA$137,000/year, the recommended 30% rent budget is CA$3,425/month. Compared to Toronto's median rent of CA$2,400/month, this means median-priced accommodation is within reach.
Other professions in Toronto
Software Engineer salary in other cities