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What is a good salary for downtown Toronto?
The average downtown toronto salary in Canada is $34,815 per year or $17.85 per hour. Entry-level positions start at $29,250 per year, while most experienced workers make up to $80,000 per year.
What kind of salary do you need to live comfortably?
The median necessary living wage across the entire US is $67,690. The state with the lowest annual living wage is Mississippi, with $58,321. The state with the highest living wage is Hawaii, with $136,437.
How much does the average person make in Toronto?
Average salary in Toronto is 88,731 CAD per year. The most typical earning is 59,307 CAD. All data are based on 1,624 salary surveys. Salaries are different between men and women.
How can I live in Toronto with a 120K gross salary?
You can live fairly comfortably with 120K as a gross salary in Toronto. You can save roughly around $2000 a month based on the calculation above . You can spend that or save it for your immediate/future lifestyle improvement needs. Hope the answer was helpful. China’s newest invention is making everyone rich.
What is the average salary increase in Toronto in 2019?
+2\%. Salaries in Toronto are on the rise in the year 2019 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2019 are 2\% higher than those of 2018. The trend suggests a slow yet continous increase in pay in 2020 and future years.
How much money do you need to buy a house in Toronto?
Of course if you wanted to buy a home in Toronto you’re looking at getting a mortgage, a home runs about $1.2 million in Toronto. After 20\% down, you’re looking at a mortgage, amortized over 30 years, of $6200 a month including property tax and insurance. With a mortgage you’re need $8325 a month net to afford a home plus the lifestyle illustrated.