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๐Ÿ’ก Smart Analysis

Comparing Minneapolis and Toronto: Average gross pay is 38% higher in Minneapolis. Cost of living is 20% cheaper in Toronto. With higher take-home and lower expenses, Toronto is a more financially comfortable place to live with an affordability score of 7/10 compared to 6.6/10.

Category Comparison
๐Ÿ‡บ๐Ÿ‡ธ
Minneapolis
๐Ÿ‡จ๐Ÿ‡ฆ
Toronto

๐Ÿ’ฐ Gross Salaries & Ranges

Average Gross Salary (Annual)
The primary average salary across experience ranges
$127,000/yr
HIGHER
$92,000/yr
Junior Developer Pay
$75,000
$50,000
Mid-Level Developer Pay
$110,000
$82,000
Senior Developer Pay
$163,000
$121,000
Lead / Architect Pay
$202,000
$149,000

๐Ÿ  Monthly Cost of Living

Rent โ€” City Center (1 Bed)
$1,700
$1,900
Rent โ€” Suburbs (1 Bed)
$1,080
$1,200
Groceries (Monthly)
$485
$400
Public Transport Pass
$82
$120
Utilities (Electricity, Internet)
$232
$200
Estimated Cost of Living
Rent center, groceries, transport plans & hobbies included
$3,755/mo
$2,993/mo
CHEAPER

๐Ÿงพ Tax rates & Take-home

Average Income Tax Rate
9%
26%
Social Security Deduction
8%
5%
Monthly Take-home (After Tax)
Estimated direct net monthly deposit based on mid-level pay
$6,692/mo
$4,742/mo

๐Ÿ“Š Affordability & Savings

Affordability Index
Score out of 10 comparing local net pay to costs
6.6
7
MORE AFFORDABLE
Monthly Savings Potential
Money left over after all standard cost of living expenses
$2,937/mo
$1,749/mo
Months to Save $10,000
~3 months
~6 months
๐Ÿ‡บ๐Ÿ‡ธ Complete Minneapolis Breakdown & Charts โ†’ ๐Ÿ‡จ๐Ÿ‡ฆ Complete Toronto Breakdown & Charts โ†’