I was talking about the average cost of life in North America, I think Montreal and Toronto can be considered about average. The cost of living in the Valley is not representative for medium to large cities of USA or Canada.
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That only weakens the argument. Cost of living in Toronto is nearly 2.5 times higher than Sofia: https://www.expatistan.com/cost-of-living/comparison/sofia/t...
But median salary in Toronto is merely around USD 50,000 before tax according to payscale: http://www.payscale.com/research/CA/Job=Software_Developer/S...
That leaves Toronto developers with significantly less than Sofia developers when you adjust for taxes and purchasing power.