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๐Ÿ’ก Smart Analysis

Comparing Melbourne and Toronto: Average gross pay is 7% higher in Toronto. Cost of living is 4% cheaper in Melbourne. With higher take-home and lower expenses, Melbourne is a more financially comfortable place to live with an affordability score of 7.2/10 compared to 7/10.

Category Comparison
๐Ÿ‡ฆ๐Ÿ‡บ
Melbourne
๐Ÿ‡จ๐Ÿ‡ฆ
Toronto

๐Ÿ’ฐ Gross Salaries & Ranges

Average Gross Salary (Annual)
The primary average salary across experience ranges
$86,000/yr
$92,000/yr
HIGHER
Junior Developer Pay
$48,000
$50,000
Mid-Level Developer Pay
$76,000
$82,000
Senior Developer Pay
$113,000
$121,000
Lead / Architect Pay
$142,000
$149,000

๐Ÿ  Monthly Cost of Living

Rent โ€” City Center (1 Bed)
$1,800
$1,900
Rent โ€” Suburbs (1 Bed)
$1,200
$1,200
Groceries (Monthly)
$400
$400
Public Transport Pass
$110
$120
Utilities (Electricity, Internet)
$190
$200
Estimated Cost of Living
Rent center, groceries, transport plans & hobbies included
$2,869/mo
CHEAPER
$2,993/mo

๐Ÿงพ Tax rates & Take-home

Average Income Tax Rate
32%
26%
Social Security Deduction
0%
5%
Monthly Take-home (After Tax)
Estimated direct net monthly deposit based on mid-level pay
$4,307/mo
$4,742/mo

๐Ÿ“Š Affordability & Savings

Affordability Index
Score out of 10 comparing local net pay to costs
7.2
MORE AFFORDABLE
7
Monthly Savings Potential
Money left over after all standard cost of living expenses
$1,438/mo
$1,749/mo
Months to Save $10,000
~7 months
~6 months
๐Ÿ‡ฆ๐Ÿ‡บ Complete Melbourne Breakdown & Charts โ†’ ๐Ÿ‡จ๐Ÿ‡ฆ Complete Toronto Breakdown & Charts โ†’