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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’s “Big 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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