Is $55,000 a good salary in Deer Lake, Newfoundland and Labrador?

Is $55,000 a good salary in Deer Lake, Newfoundland and Labrador?

$55,000 is $13,480 more than the average yearly salary of $41,520 in Deer Lake. A salary of $55,000 per year means that you would be taking home about $41,697 per year after taxes, or $3,475 per month to pay for things like housing, transportation, groceries, and entertainment. The average household income in Deer Lake is $78,600.

Deer Lake, Newfoundland And Labrador
Updated: May 1, 2023

Average Cost of Living per Month in Deer Lake

The average cost of living in Deer Lake is $3,593/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
$3,593/month
Monthly net income of $55,000/year
$3,475/month
Average total income in 2020
$41,520
Average total household income in 2020
$78,600

Average Salary in Deer Lake

The average salary in Deer Lake is $41,520, which is 23.7% lower than the Canadian average salary of $54,450. A person making $55,000 a year in Deer Lake makes 32.5% more than the average working person in Deer Lake and will take home about $41,697.
Net Annual Pay:
$41,697
Income tax breakdown
Hourly Salary:
$28.21
Salary breakdown

Cost of Living Calculator

Below are the details used to generate the average Cost of Living for Deer Lake. Change the inputs to match your lifestyle and see how it compares to the average cost of living and a salary of $55,000.
Renter
Homeowner
Housing

Housing

The average monthly cost of rental housing in Deer Lake is $1,579.
Transit
Driver
Transportation

Transportation

The average monthly cost for a driver in Deer Lake is $635.
Groceries

Groceries

The average person spends $502 on groceries per month in Deer Lake.
Utilities

Utilities

The average monthly cost of utilities in Deer Lake is $167.
Leisure & Entertainment

Leisure & Entertainment

The average person in Deer Lake spends $154 on leisure & entertainment per month.
Clothing

Clothing

The average person in Deer Lake spends $40 on clothing per month.
Restaurants

Restaurants

The average person in Deer Lake spends $366 on restaurants per month.
Other

Other

The average person in Deer Lake 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 Deer Lake 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
$3,593/month
Monthly net income of $55,000/year
$3,475/month

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