Salary Comparison

Software Engineer Salary:
London vs Toronto

Side-by-side gross salary, after-tax take-home pay, and purchasing power comparison. Updated June 2026.

London
$93,597
/ year
+1%
difference
Toronto
$92,759
/ year
Bottom line: Toronto offers better purchasing power despite London paying more gross. How is this calculated? →
Metric
London
Toronto
Median Gross Salary
Annual, before tax
$93,597✓ higher
$92,759
Entry Level
0–2 years experience
$62,101✓ higher
$61,545
Senior Level
8+ years experience
$141,067✓ higher
$139,804
Est. Take-Home Pay
After income tax + FICA
$63,646✓ higher
$63,076
Purchasing Power
Equivalent in median-CoL city
$62,398
$74,207✓ higher
Cost of Living Index
Relative to US median (1.00)
1.50×
1.25×✓ lower
Percentile 10 (Low)
Bottom 10% of earners
$49,060
$83,701✓ higher
Percentile 90 (High)
Top 10% of earners
$111,443
$190,133✓ higher

What if you move from London to Toronto?

Gross salary change
$838
1% decrease
Take-home change
$570
per year after tax
Purchasing power change
+$11,809
equivalent real income

Take-home pay is estimated using 2024 US federal tax brackets (single filer) + 7.65% FICA, or a blended international effective rate. Purchasing power converts gross salary to an equivalent in a US median cost-of-living city (index 1.00×). Full methodology →

Salary Range Comparison

London$93,597
P10: $49,060Median: $93,597P90: $111,443
Toronto$92,759
P10: $83,701Median: $92,759P90: $190,133

More Software Engineer salary comparisons

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Frequently Asked Questions

▶Does a Software Engineer earn more in London or Toronto?

The median Software Engineer salary in London is £73,942/yr compared to CA$126,152/yr in Toronto. London pays 1% more in gross terms.

▶Is a Software Engineer salary worth more in London or Toronto after cost of living?

After adjusting for local cost of living, your London salary has the purchasing power of $62,398/yr in a median-cost city, vs $74,207/yr for Toronto. Toronto offers stronger real purchasing power.

▶What is the take-home pay for a Software Engineer in London vs Toronto?

After estimated taxes, a Software Engineer in London takes home approximately $63,646/yr, vs $63,076/yr in Toronto. These are estimates based on standard federal tax rates and do not account for state/local taxes or deductions.