this post was submitted on 18 Aug 2025
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It's been clear ever since the one-bedroom apartment rent outpaced the 30% mark on minimum wage. It's now over $2300 in Toronto and the mininum wage gross per month is about 3100. That puts us at 74% of gross income.
Doesn't this mean the net income is dangerously close to the rent value itself?
Probably. Didn't compute it but likely.