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Economy, jobs and prices in Toronto, Canada: official figures

The median total income of households in Toronto was C$84,000 in 2020, as reported in the 2021 Census, joint 31st lowest of 69 Canadian cities and metropolitan areas on this site; the median for Canada was C$84,000.

Median household income (2020)
C$84,000
2020
Unemployment rate (Census, May 2021)
13.9%
2021

What is the median after-tax household income in Toronto?

After income taxes, the median household in Toronto had C$74,000 in 2020 (joint 33rd lowest of 69 Canadian cities and metropolitan areas on this site; Canada: C$73,000).

Source: Statistics Canada · saved copy

What is the median salary in Toronto?

People in Toronto who worked full-year, full-time in 2020 had median employment income of C$69,500, joint 14th highest of 69 Canadian cities and metropolitan areas on this site (Canada: C$63,600).

Source: Statistics Canada · saved copy

What was the unemployment rate in Toronto at the 2021 Census?

At the 2021 Census, taken in May 2021 during the COVID-19 pandemic, the unemployment rate in Toronto was 13.9%, 8th highest of 69 Canadian cities and metropolitan areas on this site, above the national 10.3%; 210,305 people aged 15 and over were looking for work.

Source: Statistics Canada · saved copy

What share of adults in Toronto work?

63.9% of people aged 15 and over in Toronto were in the labour force in May 2021 and 55.0% were employed, a participation rate joint 27th lowest of 69 Canadian cities and metropolitan areas on this site (Canada: 63.7% and 57.1%).

Source: Statistics Canada · saved copy

What industries do people in Toronto work in?

In 2021, 10.8% of the labour force in Toronto worked in health care and social assistance, 9.3% in retail trade, 6.4% in manufacturing and 13.6% in professional, scientific and technical services (Canada: 12.7%, 11.1%, 8.0% and 8.1%).

Source: Statistics Canada · saved copy

How do people in Toronto get to work?

Of employed residents of Toronto commuting to a usual or no fixed workplace in May 2021, 61.0% went by car, truck or van, 26.2% by public transit and 7.7% on foot; 39.0% of all employed residents worked at home (Canada: 7.7% by transit, 24.3% at home).

Source: Statistics Canada · saved copy

What is the unemployment rate in Toronto now?

In the three months July to September 2026, the Labour Force Survey put the seasonally adjusted unemployment rate in the Toronto census metropolitan area at 6.9%, joint 8th highest of 41 metropolitan areas in the survey, against 8.8% a year earlier and 6.5% for Canada; 62.1% of people aged 15 and over were employed.

Source: Statistics Canada · saved copy

How much is a house worth in Toronto?

Owners in Toronto valued their homes at a median C$900,000 in 2021, joint 14th highest of 69 Canadian cities and metropolitan areas on this site (Canada: C$472,000); median monthly shelter costs for owned dwellings were C$1,740 and 56.6% of owner households had a mortgage.

Source: Statistics Canada · saved copy

How much is rent in Toronto?

Renter households in Toronto paid median monthly shelter costs of C$1,500 in 2021, joint 14th highest of 69 Canadian cities and metropolitan areas on this site (Canada: C$1,070); 48.1% of households rented their home (Canada: 33.1%).

Source: Statistics Canada · saved copy

How Toronto compares with other cities in Canada

Median total household income, 2020 (2021 Census) (2020)

Toronto ranks 37 of 69, highest first.

RankCityMedian total household income, 2020 (2021 Census)
34SaskatoonC$85,000
35Red DeerC$85,000
36ChilliwackC$85,000
37TorontoC$84,000
38Greater Sudbury / Grand SudburyC$84,000
39Lévis VC$84,000
40BurnabyC$83,000
Source: Statistics Canada · saved copy

Median employment income of full-year, full-time workers, 2020 (2021 Census) (2020)

Toronto ranks 14 of 69, highest first.

RankCityMedian employment income of full-year, full-time workers, 2020 (2021 Census)
11LangleyC$71,000
12MarkhamC$70,500
13AjaxC$70,000
14TorontoC$69,500
15VancouverC$69,500
16Greater Sudbury / Grand SudburyC$69,000
17EdmontonC$68,500
Source: Statistics Canada · saved copy

Unemployment rate, census reference week of May 2021 (2021)

Toronto ranks 8 of 69, highest first.

RankCityUnemployment rate, census reference week of May 2021
5Oshawa15.2%
6Peterborough14.7%
7Mississauga14.0%
8Toronto13.9%
9Markham13.8%
10Ajax13.4%
11Brampton13.3%
Source: Statistics Canada · saved copy

Labour force participation rate, May 2021 (2021 Census) (2021)

Toronto ranks 42 of 69, highest first.

RankCityLabour force participation rate, May 2021 (2021 Census)
39Québec64.9%
40Burnaby64.3%
41Kamloops64.0%
42Toronto63.9%
43Mississauga63.9%
44Delta63.8%
45Sherbrooke63.7%
Source: Statistics Canada · saved copy

Median value of owned dwellings, 2021 Census (2021)

Toronto ranks 14 of 69, highest first.

RankCityMedian value of owned dwellings, 2021 Census
11BurnabyC$980,000
12MiltonC$950,000
13SaanichC$930,000
14TorontoC$900,000
15BramptonC$900,000
16MississaugaC$900,000
17BurlingtonC$900,000
Source: Statistics Canada · saved copy

Median monthly shelter costs for rented dwellings, 2021 Census (2021)

Toronto ranks 14 of 69, highest first.

RankCityMedian monthly shelter costs for rented dwellings, 2021 Census
11CoquitlamC$1,530
12BramptonC$1,520
13BarrieC$1,510
14TorontoC$1,500
15LangleyC$1,500
16BurnabyC$1,490
17KelownaC$1,440
Source: Statistics Canada · saved copy

More on Toronto: overview · education and schools · poverty and living standards · all cities in Canada

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