Is $120,000 a good salary in Elliot Lake, Ontario?
Is $120,000 a good salary in Elliot Lake, Ontario?
$120,000 is $80,880 more than the average yearly salary of $39,120 in Elliot Lake. A salary of $120,000 per year means that you would be taking home about $85,955 per year after taxes, or $7,163 per month to pay for things like housing, transportation, groceries, and entertainment. The average household income in Elliot Lake is $65,300.
Updated: December 1, 2024
Average Cost of Living per Month in Elliot Lake
The average cost of living in Elliot Lake is $3,465/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
$3,465/month
Monthly net income of $120,000/year
$7,163/month
Average total income in 2020
$39,120
Average total household income in 2020
$65,300
Average Salary in Elliot Lake
The average salary in Elliot Lake is $39,120, which is 28.2% lower than the Canadian average salary of $54,450. A person making $120,000 a year in Elliot Lake makes 206.7% more than the average working person in Elliot Lake and will take home about $85,955.
Cost of Living Calculator
Below are the details used to generate the average Cost of Living for Elliot Lake. Change the inputs to match your lifestyle and see how it compares to the average cost of living and a salary of $120,000.
Renter
Homeowner
Housing
The average monthly cost of rental housing in Elliot Lake is $1,579.
Transit
Driver
Transportation
The average monthly cost for a driver in Elliot Lake is $619.
Groceries
The average person spends $416 on groceries per month in Elliot Lake.
Utilities
The average monthly cost of utilities in Elliot Lake is $181.
Leisure & Entertainment
The average person in Elliot Lake spends $155 on leisure & entertainment per month.
Clothing
The average person in Elliot Lake spends $36 on clothing per month.
Restaurants
The average person in Elliot Lake spends $329 on restaurants per month.
Other
The average person in Elliot 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 Elliot 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
$3,465/month
Monthly net income of $120,000/year
$7,163/month
Share your results
Email or share the results of the Cost of Living Calculator with yourself or others