Toronto, Canada
-8% vs Toronto avgKensington Market is a relatively affordable area in Toronto, with a cost of living index of 57.3 — that is -8% compared to the Toronto average. At #16 of 24, it is below the city average in cost. Estimated rent for a one-bedroom apartment here is around C$2,491/month, compared to a range of C$2,031 in Scarborough to C$3,520 in Yorkville.
For a typical resident of Kensington Market, housing takes up roughly 41% of monthly expenses. Food and groceries account for about 15%, while transportation costs around 8%. To live comfortably here — meaning rent stays at or below 30% of gross income — you would need an annual salary of approximately C$99,648 before tax.
Salaries in Kensington Market reflect the local cost of living. Based on the neighborhood COLI of 57.3:
After tax and deductions of 31.2% in Canada, take-home pay for someone earning C$99,648 would be roughly C$68,558/year. Use the salary converter to calculate an exact figure for your situation, including expat-specific tax adjustments.
Estimated annual deductions on a C$58,185 salary in Kensington Market, Toronto (local employee).
Rates shown are for a local employee. Use the salary converter for expat calculations.
What a $75,000 USD salary in Kensington Market would need to be elsewhere:
| City | Currency | Equivalent |
|---|---|---|
| New York | USD | $42,975 |
| London | GBP | £36,984 |
| Dubai | AED | AED 215,038 |
| Neighborhood | COLI | Multiplier | vs Avg |
|---|---|---|---|
| Yorkville | 81.0 | 1.30x | +30% |
| Forest Hill | 79.7 | 1.28x | +28% |
| King West | 76.0 | 1.22x | +22% |
| Downtown Core | 73.5 | 1.18x | +18% |
| Distillery District | 71.6 | 1.15x | +15% |
See exactly what you need to earn in Kensington Market, Toronto to maintain your lifestyle.
Open Salary ConverterNeighborhoods with a similar cost of living to Kensington Market:
Kensington Market is one of the more affordable neighborhoods in Toronto. It costs about -8% less than the city average, ranking #16 out of 24 neighborhoods.
The cost of living in Kensington Market is below the Toronto average. With a multiplier of 0.92x, everyday expenses including rent, food, and transportation are -8% compared to the city baseline.