Is $48,000 a good salary in Charlottetown, Prince Edward Island?
Is $48,000 a good salary in Charlottetown, Prince Edward Island?
$48,000 is $1,840 more than the average yearly salary of $46,160 in Charlottetown. A salary of $48,000 per year means that you would be taking home about $36,809 per year after taxes, or $3,067 per month to pay for things like housing, transportation, groceries, and entertainment. The average household income in Charlottetown is $83,400.
![Charlottetown, Prince Edward Island](https://careerbeacon-canada.s3.amazonaws.com/job_board/images/landmark/8143.webp)
Updated: September 1, 2024
Average Cost of Living per Month in Charlottetown
The average cost of living in Charlottetown is $3,352/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
$3,352/month
Monthly net income of $48,000/year
$3,067/month
Average total income in 2020
$46,160
Average total household income in 2020
$83,400
Average Salary in Charlottetown
The average salary in Charlottetown is $46,160, which is 15.2% lower than the Canadian average salary of $54,450. A person making $48,000 a year in Charlottetown makes 4% more than the average working person in Charlottetown and will take home about $36,809.
Cost of Living Calculator
Below are the details used to generate the average Cost of Living for Charlottetown. Change the inputs to match your lifestyle and see how it compares to the average cost of living and a salary of $48,000.
Renter
Homeowner
Housing
The average monthly cost of rental housing in Charlottetown is $1,500.
Transit
Driver
Transportation
The average monthly cost for a driver in Charlottetown is $639.
Groceries
The average person spends $451 on groceries per month in Charlottetown.
Utilities
The average monthly cost of utilities in Charlottetown is $144.
Leisure & Entertainment
The average person in Charlottetown spends $165 on leisure & entertainment per month.
Clothing
The average person in Charlottetown spends $31 on clothing per month.
Restaurants
The average person in Charlottetown spends $272 on restaurants per month.
Other
The average person in Charlottetown 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 Charlottetown 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
$3,352/month
Monthly net income of $48,000/year
$3,067/month
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Jobs in Charlottetown
![Charlottetown Metal Products logo](https://cdn.careerbeacon.com/company/211657/6176db8732101.webp)
Charlottetown Metal Products
-
6 Jobs
Charlottetown, PE
$50,000 - $65,000 / year
Full-time
29 days ago
Quick Apply
![Charlottetown Metal Products logo](https://cdn.careerbeacon.com/company/211657/6176db8732101.webp)
Charlottetown Metal Products
-
6 Jobs
Multiple Locations
$57,500 - $70,000 / year
Full-time
26 days ago
Quick Apply
![McInnes Cooper logo](https://cdn.careerbeacon.com/company/55619/658c2f550e5d5.webp)
McInnes Cooper
-
7 Jobs
Charlottetown, PE
$40,000 - $55,000 / year
Contract
25 days ago
Most affordable cities in Prince Edward Island
Avg. Salary
$46,160
Avg. Monthly Net pay
$2,967
Avg. Cost of Living
$3,344
Affordability Index
88.72%
Avg. Salary
$43,000
Avg. Monthly Net pay
$2,794
Avg. Cost of Living
$3,387
Affordability Index
82.5%
Avg. Salary
$43,440
Avg. Monthly Net pay
$2,818
Avg. Cost of Living
$3,495
Affordability Index
80.64%
The Affordability Index is based on a single, non-homeowner, who owns a car.
CareerBeacon obtains its data from 3rd party services and cannot verify its accuracy. The information contained on this page is intended to be used for informational purposes only and should not be used to replace legal authority. The information contained in the demographic reports should not be relied upon for determining career and/or relocation decisions.
CareerBeacon obtains its data from 3rd party services and cannot verify its accuracy. The information contained on this page is intended to be used for informational purposes only and should not be used to replace legal authority. The information contained in the demographic reports should not be relied upon for determining career and/or relocation decisions.
Rank | City | Avg. Salary | Avg. Monthly Net pay | Avg. Cost of Living | Affordability Index |
---|---|---|---|---|---|
01
1
|
Charlottetown, Prince Edward Island | $46,160 | $2,967 | $3,344 |
08872
88.72%
|
02
2
|
Summerside, Prince Edward Island | $43,000 | $2,794 | $3,387 |
08250
82.5%
|
03
3
|
Kensington, Prince Edward Island | $43,440 | $2,818 | $3,495 |
08064
80.64%
|
The Affordability Index is based on a single, non-homeowner, who owns a car.
CareerBeacon obtains its data from 3rd party services and cannot verify its accuracy. The information contained on this page is intended to be used for informational purposes only and should not be used to replace legal authority. The information contained in the demographic reports should not be relied upon for determining career and/or relocation decisions.
CareerBeacon obtains its data from 3rd party services and cannot verify its accuracy. The information contained on this page is intended to be used for informational purposes only and should not be used to replace legal authority. The information contained in the demographic reports should not be relied upon for determining career and/or relocation decisions.