Cost of living in Canada | What is a good salary in 2024? (2024)

Any salary above $54,450 per year (or $27.92 per hour, gross income) could be considered a good salary in Canada. However, the definition of a good salary depends on the province/territory where you decide to live, your lifestyle, and your monthly expenses, among other factors.

Cost of living in Canada | What is a good salary in 2024? (1)

Cost of living in Canada | What is a good salary in 2024? (2)

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Use our Cost of Living calculator to compare the average cost of living in different locations across Canada to various salaries. All inputs in the calculator are customizable to match your monthly spending habits and expenses.

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Get a full breakdown of any salary to determine the hourly, weekly, bi-weekly, monthly, and annual pay, and compare it with the average salary in different locations across Canada.

Net Annual Pay:

$54,450

Income tax breakdown

Hourly Salary:

$27.92

Salary breakdown

Cost of living in Canada | What is a good salary in 2024? (3)

Cost of living in Canada | What is a good salary in 2024? (2024)
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