Physician Salary: Montreal vs Toronto
Annual median salary comparison (2024). All figures include local currency, USD equivalent, and PPP-adjusted purchasing power.
🇨🇦 Montreal
Canada
CA$171K CAD
$127K USD
$154K PPP
VS
USD Difference
-17%
Montreal vs Toronto
🇨🇦 Toronto
Canada
CA$207K CAD
$153K USD
$187K PPP
Higher Purchasing Power
Detailed Comparison
| Metric | Montreal | Toronto | Difference |
|---|---|---|---|
| Local Currency Salary | CA$171K CAD | CA$207K CAD | — |
| USD Equivalent | $127K | $153K | -17% |
| PPP-Adjusted SalaryWINNER | $154K | $187K 🏆 | -17% |
| 25th Percentile | CA$137K CAD | CA$166K CAD | — |
| Median | CA$171K CAD | CA$207K CAD | — |
| 75th Percentile | CA$214K CAD | CA$259K CAD | — |
| Annual Mean | CA$185K CAD | CA$224K CAD | — |
What Does This Mean?
Montreal offers a Physician salary of $127K USD, while Toronto offers $153K USD — a difference of -17% in raw terms.
After adjusting for purchasing power parity (PPP), Montreal's salary is worth $154K in US purchasing power terms, versus $187K for Toronto. This means Toronto offers better real purchasing power for this role.
PPP adjustment accounts for differences in local prices — for example, housing costs 3x more in San Francisco than in Warsaw, so a San Francisco salary needs to be much higher to provide an equivalent standard of living.