Is $40,000 a good salary in Camrose, Alberta?
Is $40,000 a good salary in Camrose, Alberta?
$40,000 is $11,750 less than the average yearly salary of $51,750 in Camrose. A salary of $40,000 per year means that you would be taking home about $32,590 per year after taxes, or $2,716 per month to pay for things like housing, transportation, groceries, and entertainment. The average household income in Camrose is $92,300.
Updated: November 1, 2024
Average Cost of Living per Month in Camrose
The average cost of living in Camrose is $3,632/month for a single person who rents.This average is based on many factors including the cost of housing, transportation, groceries, and entertainment.
Average cost of living
$3,632/month
Monthly net income of $40,000/year
$2,716/month
Average total income in 2020
$51,750
Average total household income in 2020
$92,300
Average Salary in Camrose
The average salary in Camrose is $51,750, which is 5% lower than the Canadian average salary of $54,450. A person making $40,000 a year in Camrose makes 22.7% less than the average working person in Camrose and will take home about $32,590.
Cost of Living Calculator
Below are the details used to generate the average Cost of Living for Camrose. Change the inputs to match your lifestyle and see how it compares to the average cost of living and a salary of $40,000.
Renter
Homeowner
Housing
The average monthly cost of rental housing in Camrose is $1,579.
Transit
Driver
Transportation
The average monthly cost for a driver in Camrose is $606.
Groceries
The average person spends $526 on groceries per month in Camrose.
Utilities
The average monthly cost of utilities in Camrose is $222.
Leisure & Entertainment
The average person in Camrose spends $157 on leisure & entertainment per month.
Clothing
The average person in Camrose spends $41 on clothing per month.
Restaurants
The average person in Camrose spends $351 on restaurants per month.
Other
The average person in Camrose spends $150 on miscellaneous goods and services per month.
General Disclaimer: This tool is designed for approximation purposes only and should not be used to replace a legal or accounting authority. To simplify the process, some variables are assumed to calculate the numbers included on this page. The results of this calculator should not be relied upon to determine career or tax decisions.
Your Results
Disclaimer: These numbers estimate what it costs to live in Camrose based on Numbeo data. People can live in the city for much less, while others may need much more to fund their lifestyle.
Your cost of living
$3,632/month
Monthly net income of $40,000/year
$2,716/month
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