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Home » Housing, Jobs, & Money

How far does your money go in Toronto?

Submitted by on September 2, 2009 – 8:27 amNo Comment

big-macIf you’ll be liv­ing and work­ing in Toronto, how far will your money go?

Or in more prac­ti­cal terms, how long do you have to work to earn a Big Mac?

Toronto’s pur­chas­ing power is tops among 73 cities sur­veyed in the Economist’sBig Mac Index,” which mea­sures how long it takes an aver­age worker to earn the price of a Big Mac.

In Toronto (and in sim­i­larly top-​​scoring Chicago and Tokyo), work­ers must labor only for 12 min­utes to afford a Big Mac.

At the bot­tom of the list, work­ers in Mexico City, Jakarta, and Nairobi must work for more than two hours to earn their big burger.

Photo by pointnshoot (flickr)

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