What Is Considered A Good Salary In Canada Reddit I d consider a high salary someone I d consider very comfortable rich to be 150k CAD Toronto For a single person 100k is comfortable 150k is high This is mostly from my experience with my peers salaries who are single or don t live with their partners
The answer varies from person to person and depends on lifestyle and local cost of living One person may think 60k is a good salary while another may think 400k is good salary Both can be right Personally I think at least 350k as a household but I live in California Reply reply 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 Annual Salary Location Location
What Is Considered A Good Salary In Canada Reddit
What Is Considered A Good Salary In Canada Reddit
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A good salary can also be a comparative metric based on how much money others in your industry earn This can show you what earning power professionals with similar credentials might have For example the national average salary for chemists is 41 398 per year Therefore if you re a chemist who earns 70 000 per year you re earning 69 more Is a 100 000 salary good in Canada A 100 000 annual income represents a top tier salary that exceeds average Canadian incomes by around 50 However in high cost of living cities like Vancouver and Toronto 100 000 is considered closer to a middle class income especially for larger households
The Average Salary In Toronto Ontario Canada According to careerbeacon the Average Salary in Toronto for September 2023 stands at 62 050 making it a significant parameter for assessing Good Salary This figure outpaces the Canadian average income making Toronto an attractive destination for job seekers The average U S household income in 2022 was 105 555 while the median U S household income was 74 580 Adjusting for inflation median household income dropped 2 2 from 2021 to 2022
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Factors in determining a good salary The most relevant criteria for determining what constitutes a good annual salary are 1 Geographical location Salaries across the United States vary according to geographical location even when other factors such as job title experience and industry are the same These seven jobs can get you a 80 000 starting salary or more at entry or mid level 1 Software engineer Average salary of 105 504 Software engineers design develop and maintain software applications and systems utilizing programming languages and development tools Typically a bachelor s degree in computer science software
To illustrate let s look at the average salary in the United States According to the US Bureau of Labor Statistics BLS the median annual wage across all occupations in 2021 was 58 260 1 For a person living in Phoenix Arizona where the median wage is 56 610 earning above the national average may be considered very good If a place has a median home value of 400 000 per year then 100 000 per year is pretty good If a place has a median home value of 800 000 per year then 200 000 is pretty good This may not work at the lowest end of the extreme A place like Gary Indiana might only have a median home price of 90k and thus 22k is 25 that much
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What Is Considered A Good Salary In Canada Reddit - Is a 100 000 salary good in Canada A 100 000 annual income represents a top tier salary that exceeds average Canadian incomes by around 50 However in high cost of living cities like Vancouver and Toronto 100 000 is considered closer to a middle class income especially for larger households