Is $245,000 a good salary in Edmonton, Alberta?

Is $245,000 a good salary in Edmonton, Alberta?

$245,000 is $188,200 more than the average yearly salary of $56,800 in Edmonton. A salary of $245,000 per year means that you would be taking home about $161,880 per year after taxes, or $13,490 per month to pay for things like housing, transportation, groceries, and entertainment. The average household income in Edmonton is $110,600.

Edmonton, Alberta
Updated: September 1, 2024

Average Cost of Living per Month in Edmonton

The average cost of living in Edmonton is $3,151/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
$3,151/month
Monthly net income of $245,000/year
$13,490/month
Average total income in 2020
$56,800
Average total household income in 2020
$110,600

Average Salary in Edmonton

The average salary in Edmonton is $56,800, which is 4.3% higher than the Canadian average salary of $54,450. A person making $245,000 a year in Edmonton makes 331.3% more than the average working person in Edmonton and will take home about $161,880.
Net Annual Pay:
$161,880
Income tax breakdown
Hourly Salary:
$125.64
Salary breakdown

Cost of Living Calculator

Below are the details used to generate the average Cost of Living for Edmonton. Change the inputs to match your lifestyle and see how it compares to the average cost of living and a salary of $245,000.
Renter
Homeowner
Housing

Housing

The average monthly cost of rental housing in Edmonton is $1,201.
Transit
Driver
Transportation

Transportation

The average monthly cost for a driver in Edmonton is $614.
Groceries

Groceries

The average person spends $492 on groceries per month in Edmonton.
Utilities

Utilities

The average monthly cost of utilities in Edmonton is $203.
Leisure & Entertainment

Leisure & Entertainment

The average person in Edmonton spends $168 on leisure & entertainment per month.
Clothing

Clothing

The average person in Edmonton spends $35 on clothing per month.
Restaurants

Restaurants

The average person in Edmonton spends $288 on restaurants per month.
Other

Other

The average person in Edmonton 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 Edmonton 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
$3,151/month
Monthly net income of $245,000/year
$13,490/month

Jobs in Edmonton

Senior Financial Advisor - Edmonton
Senior Financial Advisor - Edmonton
Scotiabank - 837 Jobs
Edmonton, AB
Full-time
14 days ago
Inside Sales Representative
Inside Sales Representative
Source Atlantic Limited - 27 Jobs
Edmonton, AB
Full-time
14 days ago
VMI (Vendor Managed Inventory) Associate
VMI (Vendor Managed Inventory) Associate
Source Atlantic Limited - 27 Jobs
Edmonton, AB
Full-time
20 days ago
See all jobs in Edmonton

Browse more salaries in Edmonton

$155,000
$160,000
$165,000
$170,000
$175,000
$180,000
$185,000
$190,000
$195,000
$200,000
$205,000
$210,000
$215,000
$220,000
$225,000
$230,000
$235,000
$240,000
$245,000
$250,000
$255,000
$260,000
$265,000
$270,000

Most affordable cities in Alberta

1. Canmore, Alberta
Avg. Salary $72,800
Avg. Monthly Net pay $4,531
Avg. Cost of Living $3,661
Affordability Index
123.75%
2. Cochrane, Alberta
Avg. Salary $66,800
Avg. Monthly Net pay $4,207
Avg. Cost of Living $3,421
Affordability Index
122.98%
3. St. Albert, Alberta
Avg. Salary $68,800
Avg. Monthly Net pay $4,299
Avg. Cost of Living $3,556
Affordability Index
120.89%
4. Okotoks, Alberta
Avg. Salary $64,400
Avg. Monthly Net pay $4,080
Avg. Cost of Living $3,408
Affordability Index
119.72%
5. Cold Lake, Alberta
Avg. Salary $65,100
Avg. Monthly Net pay $4,117
Avg. Cost of Living $3,441
Affordability Index
119.65%
6. Edmonton, Alberta
Avg. Salary $56,800
Avg. Monthly Net pay $3,680
Avg. Cost of Living $3,151
Affordability Index
116.79%
7. Medicine Hat, Alberta
Avg. Salary $52,250
Avg. Monthly Net pay $3,422
Avg. Cost of Living $2,975
Affordability Index
115.02%
8. Red Deer, Alberta
Avg. Salary $55,250
Avg. Monthly Net pay $3,595
Avg. Cost of Living $3,157
Affordability Index
113.87%
9. Hinton, Alberta
Avg. Salary $60,600
Avg. Monthly Net pay $3,881
Avg. Cost of Living $3,428
Affordability Index
113.2%
10. Lethbridge, Alberta
Avg. Salary $52,500
Avg. Monthly Net pay $3,436
Avg. Cost of Living $3,112
Affordability Index
110.42%
11. Whitecourt, Alberta
Avg. Salary $60,250
Avg. Monthly Net pay $3,862
Avg. Cost of Living $3,504
Affordability Index
110.22%
12. Athabasca, Alberta
Avg. Salary $60,500
Avg. Monthly Net pay $3,875
Avg. Cost of Living $3,516
Affordability Index
110.22%
13. Slave Lake, Alberta
Avg. Salary $59,750
Avg. Monthly Net pay $3,836
Avg. Cost of Living $3,492
Affordability Index
109.84%
14. Calgary, Alberta
Avg. Salary $64,600
Avg. Monthly Net pay $4,091
Avg. Cost of Living $3,742
Affordability Index
109.32%
15. Spruce Grove, Alberta
Avg. Salary $60,950
Avg. Monthly Net pay $3,899
Avg. Cost of Living $3,588
Affordability Index
108.67%
16. High Level, Alberta
Avg. Salary $59,900
Avg. Monthly Net pay $3,844
Avg. Cost of Living $3,572
Affordability Index
107.6%
17. Airdrie, Alberta
Avg. Salary $61,150
Avg. Monthly Net pay $3,910
Avg. Cost of Living $3,663
Affordability Index
106.73%
18. Fort Saskatchewan, Alberta
Avg. Salary $66,400
Avg. Monthly Net pay $4,186
Avg. Cost of Living $3,976
Affordability Index
105.28%
19. Peace River, Alberta
Avg. Salary $60,850
Avg. Monthly Net pay $3,894
Avg. Cost of Living $3,721
Affordability Index
104.64%
20. Grande Prairie, Alberta
Avg. Salary $59,650
Avg. Monthly Net pay $3,830
Avg. Cost of Living $3,763
Affordability Index
101.79%
21. Strathmore, Alberta
Avg. Salary $54,950
Avg. Monthly Net pay $3,578
Avg. Cost of Living $3,516
Affordability Index
101.75%
22. Beaverlodge, Alberta
Avg. Salary $55,250
Avg. Monthly Net pay $3,595
Avg. Cost of Living $3,560
Affordability Index
100.98%
23. Bonnyville, Alberta
Avg. Salary $53,900
Avg. Monthly Net pay $3,517
Avg. Cost of Living $3,516
Affordability Index
100.03%
24. Saint Paul, Alberta
Avg. Salary $53,650
Avg. Monthly Net pay $3,503
Avg. Cost of Living $3,572
Affordability Index
98.06%
25. Drayton Valley, Alberta
Avg. Salary $54,600
Avg. Monthly Net pay $3,557
Avg. Cost of Living $3,646
Affordability Index
97.57%
26. Lacombe, Alberta
Avg. Salary $52,700
Avg. Monthly Net pay $3,448
Avg. Cost of Living $3,571
Affordability Index
96.55%
27. Camrose, Alberta
Avg. Salary $51,750
Avg. Monthly Net pay $3,393
Avg. Cost of Living $3,628
Affordability Index
93.53%
28. Barrhead, Alberta
Avg. Salary $49,080
Avg. Monthly Net pay $3,239
Avg. Cost of Living $3,516
Affordability Index
92.13%
29. Drumheller, Alberta
Avg. Salary $52,050
Avg. Monthly Net pay $3,410
Avg. Cost of Living $3,705
Affordability Index
92.05%
30. Vegreville, Alberta
Avg. Salary $48,920
Avg. Monthly Net pay $3,230
Avg. Cost of Living $3,516
Affordability Index
91.87%
31. Pincher Creek, Alberta
Avg. Salary $50,640
Avg. Monthly Net pay $3,329
Avg. Cost of Living $3,628
Affordability Index
91.76%
32. Brooks, Alberta
Avg. Salary $50,680
Avg. Monthly Net pay $3,331
Avg. Cost of Living $3,643
Affordability Index
91.45%
33. Stettler, Alberta
Avg. Salary $49,960
Avg. Monthly Net pay $3,290
Avg. Cost of Living $3,646
Affordability Index
90.23%
34. Sundre, Alberta
Avg. Salary $50,440
Avg. Monthly Net pay $3,318
Avg. Cost of Living $3,710
Affordability Index
89.42%
35. Banff, Alberta
Avg. Salary $51,000
Avg. Monthly Net pay $3,350
Avg. Cost of Living $3,846
Affordability Index
87.1%
36. Three Hills, Alberta
Avg. Salary $45,960
Avg. Monthly Net pay $3,059
Avg. Cost of Living $3,710
Affordability Index
82.46%
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.
Rank City Avg. Salary Avg. Monthly Net pay Avg. Cost of Living Affordability Index
01
1
 Canmore, Alberta $72,800 $4,531 $3,661
12375
123.75%
02
2
 Cochrane, Alberta $66,800 $4,207 $3,421
12298
122.98%
03
3
 St. Albert, Alberta $68,800 $4,299 $3,556
12089
120.89%
04
4
 Okotoks, Alberta $64,400 $4,080 $3,408
11972
119.72%
05
5
 Cold Lake, Alberta $65,100 $4,117 $3,441
11965
119.65%
06
6
 Edmonton, Alberta $56,800 $3,680 $3,151
11678
116.79%
07
7
 Medicine Hat, Alberta $52,250 $3,422 $2,975
11502
115.02%
08
8
 Red Deer, Alberta $55,250 $3,595 $3,157
11387
113.87%
09
9
 Hinton, Alberta $60,600 $3,881 $3,428
11320
113.2%
10
10
 Lethbridge, Alberta $52,500 $3,436 $3,112
11042
110.42%
11
11
 Whitecourt, Alberta $60,250 $3,862 $3,504
11021
110.22%
12
12
 Athabasca, Alberta $60,500 $3,875 $3,516
11021
110.22%
13
13
 Slave Lake, Alberta $59,750 $3,836 $3,492
10984
109.84%
14
14
 Calgary, Alberta $64,600 $4,091 $3,742
10931
109.32%
15
15
 Spruce Grove, Alberta $60,950 $3,899 $3,588
10866
108.67%
16
16
 High Level, Alberta $59,900 $3,844 $3,572
10760
107.6%
17
17
 Airdrie, Alberta $61,150 $3,910 $3,663
10673
106.73%
18
18
 Fort Saskatchewan, Alberta $66,400 $4,186 $3,976
10528
105.28%
19
19
 Peace River, Alberta $60,850 $3,894 $3,721
10464
104.64%
20
20
 Grande Prairie, Alberta $59,650 $3,830 $3,763
10179
101.79%
21
21
 Strathmore, Alberta $54,950 $3,578 $3,516
10175
101.75%
22
22
 Beaverlodge, Alberta $55,250 $3,595 $3,560
10098
100.98%
23
23
 Bonnyville, Alberta $53,900 $3,517 $3,516
10003
100.03%
24
24
 Saint Paul, Alberta $53,650 $3,503 $3,572
09805
98.06%
25
25
 Drayton Valley, Alberta $54,600 $3,557 $3,646
09757
97.57%
26
26
 Lacombe, Alberta $52,700 $3,448 $3,571
09655
96.55%
27
27
 Camrose, Alberta $51,750 $3,393 $3,628
09352
93.53%
28
28
 Barrhead, Alberta $49,080 $3,239 $3,516
09212
92.13%
29
29
 Drumheller, Alberta $52,050 $3,410 $3,705
09204
92.05%
30
30
 Vegreville, Alberta $48,920 $3,230 $3,516
09186
91.87%
31
31
 Pincher Creek, Alberta $50,640 $3,329 $3,628
09176
91.76%
32
32
 Brooks, Alberta $50,680 $3,331 $3,643
09144
91.45%
33
33
 Stettler, Alberta $49,960 $3,290 $3,646
09023
90.23%
34
34
 Sundre, Alberta $50,440 $3,318 $3,710
08942
89.42%
35
35
 Banff, Alberta $51,000 $3,350 $3,846
08710
87.1%
36
36
 Three Hills, Alberta $45,960 $3,059 $3,710
08246
82.46%
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.

People also ask