What is the average annual income in Toronto Ontario?

The average annual income in Toronto, Ontario, Canada, varies depending on the source of the data and the specific year being considered. Here are a few estimates:

1. Statistics Canada: According to Statistics Canada, the median after-tax income of individuals living in the Toronto Census Metropolitan Area (CMA) in 2020 was $51,100. This includes both employment and investment income.

2. City of Toronto: The City of Toronto's "Vital Statistics" report for 2020 indicates that the median household income in the city was $88,100 in 2018. This includes all sources of income for the entire household.

3. PayScale: PayScale, a salary comparison website, estimates the average annual base salary in Toronto for all occupations to be $63,164 (as of March 2023). This figure excludes bonuses and benefits.

4. Glassdoor: Glassdoor, another job search and career website, reports the average base salary in Toronto for all occupations to be $61,456 (as of March 2023). This estimate is also based on user-submitted data and may vary by industry and job role.

It's important to note that these figures may vary depending on factors such as individual characteristics (e.g., education, experience, occupation, industry), household composition, and the specific geographic location within Toronto. Additionally, the impact of the COVID-19 pandemic on the economy may have affected incomes in recent years.