Cost of Living & Salary Comparison 2026
Overall, Toronto is approximately 3% cheaper than Stockholm based on our cost of living index. Stockholm has a COLI of 64.3 (ranked #34 of 113 cities), while Toronto has a COLI of 62.3 (ranked #40).
When it comes to housing, one-bedroom apartment rent in Stockholm averages $1,500/month compared to $2,000/month in Toronto. That makes Stockholm approximately 25% cheaper for rent alone.
Toronto has lower total deductions (31.6%) compared to Stockholm (39.0%), meaning you keep more of your gross salary in Toronto. When evaluating a relocation, remember that total deductions directly impact your take-home pay and should be weighed alongside cost of living differences.
Full breakdown of mandatory payroll deductions for a mid-range salary as a local employee in each city.
Rates shown for local employees. Expat deductions may differ — use the main converter for personalized calculations.
If you earn kr 682,794 in Stockholm, you would need approximately C$98,385 in Toronto to maintain the same purchasing power. That is 3% less thanks to lower cost of living.
COLI-scaled lifestyle equivalents of New York mid-range salaries — not local market pay. For verified/OECD local-market figures see salary pages.
| Job Title | Stockholm (SEK) | Toronto (CAD) |
|---|---|---|
| Doctor (General) | kr 1,053,687 | C$151,828 |
| Software Engineer | kr 497,575 | C$71,697 |
| Product Manager | kr 585,382 | C$84,349 |
| Lawyer | kr 585,382 | C$84,349 |
| Data Scientist | kr 556,113 | C$80,131 |
| Marketing Manager | kr 421,475 | C$60,731 |
| Teacher | kr 280,983 | C$40,487 |
| Nurse | kr 339,521 | C$48,922 |
These are COLI lifestyle equivalents of the New York mid baseline, not typical local market pay. See methodology and profession×city salary pages for market figures with source badges.
| Neighborhood | Multiplier |
|---|---|
| Östermalm | 1.32x (+32%) |
| Norrmalm | 1.22x (+22%) |
| Gamla Stan | 1.20x (+20%) |
| Djurgården | 1.18x (+18%) |
| Södermalm | 1.15x (+15%) |
| Neighborhood | Multiplier |
|---|---|
| Yorkville | 1.30x (+30%) |
| Forest Hill | 1.28x (+28%) |
| King West | 1.22x (+22%) |
| Downtown Core | 1.18x (+18%) |
| Distillery District | 1.15x (+15%) |
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Open Salary ConverterStockholm is more expensive overall. Stockholm has a COLI of 64.3 while Toronto has a COLI of 62.3, making Toronto approximately 3% cheaper.
To maintain the same standard of living as kr 682,794 in Stockholm, you would need approximately C$98,385 in Toronto.
Average one-bedroom rent in Stockholm is $1,500/month compared to $2,000/month in Toronto. Stockholm has lower rent by approximately 25%.
Toronto has lower total deductions (31.6%) compared to Stockholm (39.0%), meaning you keep more of your gross salary in Toronto.
Cost of living indices (COLI) are benchmarked to New York City = 100 and derived from Numbeo and Expatistan crowd-sourced price surveys, cross-referenced with national statistics agencies. Rent data from Numbeo Property Prices.
Salary ranges are compiled from the U.S. Bureau of Labor Statistics (OES), Glassdoor, and PayScale. Tax rates are approximate effective rates for mid-range earners based on OECD Taxing Wages and national tax authorities. Exchange rates from the European Central Bank. Neighborhood multipliers are estimated from local rental indices and property data.
Last updated: 2026-08-31. Data is refreshed periodically. All figures are estimates for informational purposes only.