Leafy university-adjacent neighbourhood with Bloor Street cafés, indie bookstores, and Victorian homes.
Barely Surviving
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Download Richify — It's FreeLeafy university-adjacent neighbourhood with Bloor Street cafés, indie bookstores, and Victorian homes. If you're weighing a move to The Annex, the numbers matter more than the vibes. The median monthly rent here is C$2,598, which annualises to roughly C$31,200 per year. Using the 30% rent-to-income guideline, you'd want an annual gross salary around C$104,000 to live in The Annex without housing eating your paycheck.
Day-to-day costs in The Annex are on the pricier side for entertainment and slightly above-average the national average for groceries. A monthly public transport pass runs about C$156, and a flat white at a local café costs roughly C$5.20 — which adds up to C$1,898 per year if you're on a one-a-day habit.
Rough monthly budget for a single renter on a median-income job, before lifestyle upgrades:
Numbers are indicative only and exclude tax. Use the interactive calculator above to plug in your own salary and lifestyle.
How much do you need to earn to live comfortably in The Annex?
Using the standard 30% rent-to-income rule, a comfortable gross income for The Annex is around C$104,000 per year. At this salary, median rent of C$2,598/mo takes up less than a third of your take-home pay, leaving room for savings, transport, and everything else Toronto throws at you.
Is The Annex more expensive than the rest of Toronto?
Groceries in The Annex track slightly above-average the national average (index 1.10), and the entertainment scene is on the pricier side (index 1.15). Median monthly rent of C$2,598 places it within the Toronto market — use the calculator to compare specific neighbourhoods head-to-head.
What's the average annual rent cost in The Annex?
At a median monthly rent of C$2,598, annual rent in The Annex works out to approximately C$31,200 per year for a typical unit. Actual costs vary significantly by property size, condition, and proximity to transport.