Toronto has been named one of the world’s best cities for start-up workers, thanks to its salaries and comparatively low cost of living which can come back as a surprise to some residents. The list, released by accommodation provider Nestpick, rated 85 cities on their start-up ecosystem standing, as well as other indicators like salaries, cost of living, vacation days, and gender equality. Learn about pathways related to innovation in Canada: Canada Start-up Visa and Canada immigration services.
- Toronto came in tenth, with the list topped by Singapore, otherwise dominated by European cities. Helsinki, Finland placed second, followed by the tech hub San Francisco.
- The list was rounded out by Berlin (4); Copenhagen, Denmark (5); Tel Aviv, Israel (6); Zurich, Switzerland (7); Seoul, South Korea (8) and Munich, Germany (9).
- Toronto placed third for its wage score, behind San Francisco and Zurich, fifth for cost of living and quality of life, and sixth for the start-up ecosystem.
Nestpick, which helps professionals find accommodation after relocating for work, said start-ups seem to be the biggest reason for clients moving to larger cities—and companies’ attractiveness to talent is supported not just by pay, but also livability and other offerings in their city.
Certain cities could offer higher salaries, but when factoring taxes and living expenses, the net benefit may not be as high, says Nestpick’s spokesperson.
Similarly, professionals should consider quality of life: are vacation days adequate? Is healthcare accessible as you would like?
We believe that researching potential employers mustn’t overshadow understanding the best cities to work in. We hope our study helps those planning to work in start-ups identify cities that best suit their needs.
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FAQs
Q1. Why is Toronto considered one of the best cities for start-up employees? A. Toronto offers a strong start-up ecosystem, competitive salaries, and comparatively low cost of living, delivering a favorable balance for start-up employees.
Q2. Does this ranking help if I want to move to Toronto for a start-up role? A. The ranking highlights quality of life and earning potential. If you’re exploring pathways, consider options tied to innovation such as the Canada Start-up Visa.
Q3. How can XIPHIAS help start-up professionals planning a move to Canada? A. We provide end-to-end guidance on program selection, documentation, and compliant immigration strategies. Begin with Canada services or contact us for tailored advice.
