Provided is a toner having a toner particle that contains a binder resin and a wax, wherein the solubility parameter SP of the binder resin is at least 9.4 and not more than 10.0; the binder resin contains a resin having a structure represented by the following formula (1) in the terminal position on a main chain of the resin,*—CO—R formula (1)(in formula (1), R represents a phenyl group or a derivative thereof, or —COOR1, R1 represents an alkyl group having 1 to 4 carbons, and * represents a bond to the main chain of the resin); the solubility parameter SW of the wax is at least 8.1 and not more than 9.0; and SP and SW satisfy formula (2),|SP−SW|>0.5 formula (2).