Living in Metro Vancouver (2023)

FAQs

How much salary is enough to live in Vancouver? ›

Average Cost of Living per Month in Vancouver

The average cost of living in Vancouver is $4,056/month for a single person who rents. This average is based on many factors including the cost of housing, transportation, groceries, and entertainment.

The average salary in Vancouver is $62,250, which is 14.3% higher than the Canadian average salary of $54,450. A person making $80,000 a year in Vancouver makes 28.5% more than the average working person in Vancouver and will take home about $60,709.

Living in Vancouver: Nightlife

Nightlife in Vancouver is typically pretty quiet as the city has very strict licensing and health & safety laws.

The average salary in Vancouver is about C$64,000. To be considered rich and live comfortably in this part of Canada, you'd need to earn well over this amount. A salary close to or above C$80,000 to C$100,000 per year would likely allow you to live quite well.

The average salary in Vancouver is $62,250, which is 14.3% higher than the Canadian average salary of $54,450. A person making $70,000 a year in Vancouver makes 12.4% more than the average working person in Vancouver and will take home about $53,529.

The average salary in Toronto is $62,050, which is 14% higher than the Canadian average salary of $54,450. A person making $52,000 a year in Toronto makes 16.2% less than the average working person in Toronto and will take home about $40,873.

The average salary in Vancouver is $62,250, which is 14.3% higher than the Canadian average salary of $54,450. A person making $120,000 a year in Vancouver makes 92.8% more than the average working person in Vancouver and will take home about $87,623.

What income puts you in the top 1% in Canada? According to Statistics Canada, if you want to be in the 1% of top earnings, you'll need to make around $500,000 a year.

If you make $100,000 a year living in the region of British Columbia, Canada, you will be taxed $28,076. That means that your net pay will be $71,924 per year, or $5,994 per month. Your average tax rate is 28.1% and your marginal tax rate is 38.1%.

Vancouver = Seattle

Shipping harbours, majestic mountains and gloomy Pacific Northwest weather are some similarities these cities share. Comparisons between these two towns have been made for decades, and the fact that they are so close to one another makes them the ideal counterparts.

What city is like Vancouver in the US? ›

Portland = Vancouver

Finally, we picked Portland to compare to Vancouver this time around. Both of these West Coast cities tend to be full of outdoorsy folks who can't wait to get out into the mountains come the weekend.

Which US city is the most similar to Vancouver? Seattle and Portland.

In general, when it comes to the cost of living in Seattle vs Vancouver, Vancouver is more expensive. Food, clothing, the gym, and other activities cost more in Vancouver than in Seattle.

A provincial organization, Living Wage for Families BC, set the wage at $24.08 this year for Metro Vancouver. The organization defines the living wage as the hourly wage needed for two full-time working adults to be able to support basic expenses for a family of four.

RELATED STORIES. According to Ratehub.ca, the average home price in Vancouver declined from $1,263,500 in March 2022 to $1,143,900 last month.

If you make $70,000 a year living in the region of British Columbia, Canada, you will be taxed $19,208. That means that your net pay will be $50,792 per year, or $4,233 per month.

If you make $70,000 a year living in the region of Ontario, Canada, you will be taxed $20,066. That means that your net pay will be $49,934 per year, or $4,161 per month. Your average tax rate is 28.7% and your marginal tax rate is 32.7%.

The average salary in Toronto is $62,050, which is 14% higher than the Canadian average salary of $54,450. A person making $100,000 a year in Toronto makes 61.2% more than the average working person in Toronto and will take home about $73,440.

What is a rich salary in Canada? ›

What income level is considered rich? An annual income of around $500,000 would be considered a rich income level. This is based off of the top 1% of income according to tax filings in Canada.

The average salary in Vancouver is $62,250, which is 14.3% higher than the Canadian average salary of $54,450. A person making $90,000 a year in Vancouver makes 44.6% more than the average working person in Vancouver and will take home about $67,889.

As of May 17, 2023, the average annual pay for the High Class jobs category in Vancouver is $74,969 a year. Just in case you need a simple salary calculator, that works out to be approximately $36.04 an hour. This is the equivalent of $1,441/week or $6,247/month.

If you make $160,000 a year living in the region of British Columbia, Canada, you will be taxed $52,121. That means that your net pay will be $107,879 per year, or $8,990 per month. Your average tax rate is 32.6% and your marginal tax rate is 45.2%.

An upper middle class income in Canada is typically anything between $106,827 and $236,000 annually.

Summary of Average salary comparison. Take Away: All said and done, Toronto definitely offers more jobs, higher salaries, massive growth, and more fun in comparison to Vancouver.

If you make $300,000 a year living in the region of British Columbia, Canada, you will be taxed $122,012. That means that your net pay will be $177,988 per year, or $14,832 per month. Your average tax rate is 40.7% and your marginal tax rate is 53.5%.

If you make $200,000 a year living in the region of British Columbia, Canada, you will be taxed $70,382. That means that your net pay will be $129,618 per year, or $10,801 per month.

If you make $150,000 a year living in the region of British Columbia, Canada, you will be taxed $47,920. That means that your net pay will be $102,080 per year, or $8,507 per month. Your average tax rate is 32.0% and your marginal tax rate is 42.0%.

Which Canadian city is like Chicago? ›

About Toronto

As Chicago's closest sister city in proximity, both Chicago and Toronto sit upon the Great Lakes—Chicago on Lake Michigan and Toronto on Lake Ontario. The cities also share a similar topography and population, with Toronto leading with approximately 100,000 more residents.

Vancouver is known for being one of the most beautiful cities in the world. Located on a peninsula, Vancouver is surrounded by majestic mountains and sparkling water, along with glorious rainforests, providing an incredible contrast to the modern skyscrapers of the city itself.

Among the many things that make Vancouver so unique is its picturesque setting. The city boasts an unparalleled natural beauty. The Vancouver area, which is a total of 115 km², comprises of the North Shore Mountains, an active volcano- Mount Garibaldi, temperate rain forest with dense trees and a lot more.

VANCOUVER—It turns out there's something to the saying “West Coast best coast.” A majority of British Columbians feel more attuned to their southern American neighbours than to their Canadian counterparts, according to a new online survey by Angus Reid Institute.

With its scenic views, mild climate, and friendly people, Vancouver is known around the world as both a popular tourist attraction and one of the best places to live.

Earlier this year, the U.K.-based Economist Intelligence Unit listed Vancouver as the fifth most livable city in the world. According to the Economist Intelligence Unit's Global Livability Index 2022, Vancouver in Canada scored highly in stability, health care, culture and environment, education and infrastructure.

Quebec City is the most European-looking place in Canada — and perhaps all of North America.

Population: Calgary's skyline bears an uncanny resemblance to Denver's. While it feels like there are fewer crowds and lighter traffic in Calgary, its population is nearly double that of Denver's.

The Pew Research Center defines the middle class as households that earn between two-thirds and double the median U.S. household income, which was $65,000 in 2021, according to the U.S. Census Bureau.

What is the average salary in downtown Vancouver? ›

The average downtown vancouver salary in Canada is $40,466 per year or $20.75 per hour. Entry-level positions start at $32,622 per year, while most experienced workers make up to $91,888 per year.

The highest median was just north of Burnaby Lake at $130,000. The median before-tax household income in Burnaby overall was $83,000 in 2020, up from $64,737 in 2015. About 29 per cent of households (28,865) earned less than $50,000 in 2020, while about 10 per cent of households (10,430) earned $200,000 or more.

Cost of living in Vancouver (Canada) is 13% cheaper than in Honolulu, Hawaii (United States)

Cost of Living Comparison Between Vancouver and Paris

You would need around 7,719.4C$ (5,167.3€) in Paris to maintain the same standard of life that you can have with 7,900.0C$ in Vancouver (assuming you rent in both cities). This calculation uses our Cost of Living Plus Rent Index to compare cost of living.

Yes, rent in Victoria and Victoria's cost of living is less than living in Vancouver but cheap? Not so much. If you've come from Vancouver or a major west coast city in North America, then Victoria may seem like a bargain. However, if you've come from elsewhere, you'll probably find it very expensive.

If you make $75,000 a year living in the region of British Columbia, Canada, you will be taxed $20,618. That means that your net pay will be $54,382 per year, or $4,532 per month.

The average salary in Vancouver is $62,250, which is 14.3% higher than the Canadian average salary of $54,450. A person making $50,000 a year in Vancouver makes 19.7% less than the average working person in Vancouver and will take home about $39,999.

The average salary in Toronto is $62,050, which is 14% higher than the Canadian average salary of $54,450. A person making $120,000 a year in Toronto makes 93.4% more than the average working person in Toronto and will take home about $85,294.

The most used metric to determine what monthly income you need to rent in Canada is the 30% rule of thumb. This monthly budget metric is when you add the costs of rent, utilities, and other living expenses, for a sum that should be no more than 30% of your monthly pre-tax income.

What is middle class salary in Vancouver? ›

A middle class income in Canada is anything that falls between between $45,000 and $120,000.

The average salary in Toronto is $62,050, which is 14% higher than the Canadian average salary of $54,450. A person making $150,000 a year in Toronto makes 141.7% more than the average working person in Toronto and will take home about $102,271.

What percentage of Canadians make over $100,000? Only around 11% of Canadians make more than $100,000 a year according to statistics Canada.

The average rental price in Vancouver is around $1,450 per month for a one-bedroom apartment in the city centre, and $1,000 per month for one further out (excluding bills).

The average salary in Vancouver is $62,250, which is 14.3% higher than the Canadian average salary of $54,450. A person making $90,000 a year in Vancouver makes 44.6% more than the average working person in Vancouver and will take home about $67,889.

The average salary in Vancouver is $62,250, which is 14.3% higher than the Canadian average salary of $54,450. A person making $100,000 a year in Vancouver makes 60.6% more than the average working person in Vancouver and will take home about $74,826.

The average salary in Vancouver is $62,250, which is 14.3% higher than the Canadian average salary of $54,450. A person making $75,000 a year in Vancouver makes 20.5% more than the average working person in Vancouver and will take home about $57,119.