Physician Salary: New York vs Toronto
Annual median salary comparison (2024). All figures include local currency, USD equivalent, and PPP-adjusted purchasing power.
🇺🇸 New York
United States
$288K USD
$288K USD
$288K PPP
Higher Purchasing Power
VS
USD Difference
+88%
New York vs Toronto
🇨🇦 Toronto
Canada
CA$207K CAD
$153K USD
$187K PPP
Detailed Comparison
| Metric | New York | Toronto | Difference |
|---|---|---|---|
| Local Currency Salary | $288K USD | CA$207K CAD | — |
| USD Equivalent | $288K | $153K | +88% |
| PPP-Adjusted SalaryWINNER | $288K 🏆 | $187K | +54% |
| 25th Percentile | $230K USD | CA$166K CAD | — |
| Median | $288K USD | CA$207K CAD | — |
| 75th Percentile | $360K USD | CA$259K CAD | — |
| Annual Mean | $311K USD | CA$224K CAD | — |
What Does This Mean?
New York offers a Physician salary of $288K USD, while Toronto offers $153K USD — a difference of +88% in raw terms.
After adjusting for purchasing power parity (PPP), New York's salary is worth $288K in US purchasing power terms, versus $187K for Toronto. This means New York 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.