Can a Machine Learning Engineer afford to live in Toronto?

Excellent62% of take-home left to save — you can save aggressively here.
Median salary (gross)
Machine Learning Engineer · Toronto
$98,724
Income tax (~29% effective)
Canada
– $28,504
Take-home pay
$5,852/mo
$70,220
Living costs (1 person)
$2,212/mo · curated
– $26,544
Savings potential
$3,640/mo · 62% of take-home
$43,676

Single professional, after-tax. Salary − tax − living costs = what you could save each year.

Monthly cost breakdown · Toronto

Rent (1-bed)$1,387
Groceries$292
Dining out$219
Transport$102
Utilities$80
Entertainment$131

Universal healthcare. Rent surged post-2022 but still below NYC/SF.

Full salary breakdown →Is this a good salary in Toronto? →Compare Toronto with another city →

How we calculated this

• Salary: CA-StatsCan median for Machine Learning Engineer, adjusted for Toronto.

• Tax: Canada single-filer effective rate (~29%). Official calculator.

• Living costs: hand-curated local budget for a single professional.

Planning estimates, not financial or tax advice. Updated 2026. Your situation will differ.