How much do you need to make to live in toronto reddit?

A new report has revealed how much money people need to make in 23 Ontario regions in order to afford a basic lifestyle. According to the Ontario Living Wage Network (OLWN), people residing in Toronto need to make $22.08 per hour, which is the most in Ontario, to afford the basics.

Best answer for this question, is 55k enough to live in Toronto? 50 to 55k is decent to stay in Toronto.

Subsequently, can you live in Toronto making 50k? In short, living in Toronto with 50k is definitely possible.

Beside above, what is a good salary in Toronto 2020? The average city of toronto salary in Canada is $35,100 per year or $18 per hour. Entry-level positions start at $32,053 per year, while most experienced workers make up to $93,510 per year.

Also know, is $25 an hour good pay in Canada? In general if you work full time (2000 hours per year) then $25 is a good wage for most cities in Canada. The exception may be locations in the lower main land of Vancouver or possiblly parts of Toronto, where the cost of living is higher than other centres.

Is 50k a year a good salary for a single person?

A single person will spend much less than if you need to provide for someone else. Your living expenses and ideal budget are much less. Thus, you can live extremely comfortably on $50000 per year.

Is 125000 a good salary?

If you earn $125,000 a year, then you make more than five out of every six American households, and unless you live in a particularly high-cost area of the country, you’ll have ample financial resources to save money toward building up a retirement nest egg.

Is 100k good salary in Toronto?

Honestly speaking, if 100k is before tax, this is definitely NOT a decent income for a couple, if you are planning to have children and provide your children a decent education. In such case, 100k can only satisfy your basic requirement. 100k before tax means roughly 72k after tax for a couple, or 6k per month.

Is 100k a good salary?

, With more than thirty years in the industry. 100k or six figures puts you in the upper middle class and amongst the 15% of US households. Is it a good income? Of course it is way above minimum wage.

Is $10000 dollars a month good in Canada?

Very few Canadians earn that much—nor do they need to. Most individuals can get by fine on nearly $5,000 a month, he says. “Unless you are living like a king, $10,000 a month is enough for even a couple to live very, very comfortably, assuming you don’t have debt,” he says.

Is 50000 a good salary Toronto?

For someone making more than the Canadian national average and living in cities other than Toronto, Montreal, and Vancouver, they shall be able to enjoy a decent lifestyle. … In the less developed provinces in the North or far East of Canada, a per annum salary of USD 50,000 shall be good for a small family.

How do I survive in Toronto?

1. Start Jaywalking. Looking both ways is so 1999.
2. Buy A Fancy Vintage Bicycle.
3. Start Loving Burritos.
4. Trade Your Car Keys In For A Metropass.
5. Learn How To Tastefully Complain About The TTC.
6. Become A Coffee Connoisseur.
7. Develop A Thick Skin.
8. Start Loving Yourself A Little More.

Is 150k good salary in Toronto?

Yes, it’s an above average salary.

Is 120000 a year good salary?

Originally Answered: If someone earns $120,000 per annum in US will he be considered rich, middle class or poor? You would clearly be in the well off category. For a single person in the US earning $120k would put you in the 97% percentile. I.e. there are 33 times as many people poorer than you.

Is 65k a good salary in Toronto?

Yes, $60K is good; that’s a little above average, which is about $50K. You’ll be making more than double minimum wage, in other words. If you are young or just starting out that’s excellent.

What jobs make 300K a year in Canada?

1. 1 / 20. Company CFO: $312,000.
2. 2 / 20. Medical Microbiologist: $300,000.
3. 3 / 20. Company CEO: $150,000 to $83 million.
4. 4 / 20. Radiologist: $360,000.
5. 5 / 20. Ophthalmologist: $160,000 to $400,000.
6. 6 / 20. Pediatrician: $465,000.
7. 7 / 20. Obstetrician/Gynecologist: up to $450,000.
8. 8 / 20.

Is $30 an hour good in Canada?

30 cad/hr is basically around 60k gross per annum and your take home will be around 3500 per month, unless you get overtime. If you are single and willing to share accommodation, you can live comfortably and save some. But if you’ve a family and that’s your household income it’s gonna be little/very tight.

Is 30 dollars an hour good?

To someone who just graduated highscool or even college, a $30 an hour full time position would be a good (possibly great) salary. To an individual with 20 years of experience and multiple advanced degrees, $30 an hour would likely be far below market value.

What is a good Canadian salary?

How much does a Good make in Canada? The average good salary in Canada is $42,988 per year or $22.05 per hour. Entry-level positions start at $29,250 per year, while most experienced workers make up to $84,527 per year.

Is 70000 a good salary?

According to the Bureau of Labor Statistics, the median salary of all individual workers (male and female of all races) was $881 weekly for the first quarter of 2018. … An income of $70,000 surpasses both the median incomes for individuals and for households. By that standard, $70,000 is a good salary.