Is $62,000 a good salary in Fort Smith, Northwest Territories?
Is $62,000 a good salary in Fort Smith, Northwest Territories?
$62,000 is $6,100 less than the average yearly salary of $68,100 in Fort Smith. A salary of $62,000 per year means that you would be taking home about $48,530 per year after taxes, or $4,044 per month to pay for things like housing, transportation, groceries, and entertainment. The average household income in Fort Smith is $135,600.
Updated: October 1, 2023
Average Cost of Living per Month in Fort Smith
The average cost of living in Fort Smith is $3,683/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
$3,683/month
Monthly net income of $62,000/year
$4,044/month
Average total income in 2020
$68,100
Average total household income in 2020
$135,600
Average Salary in Fort Smith
The average salary in Fort Smith is $68,100, which is 25.1% higher than the Canadian average salary of $54,450. A person making $62,000 a year in Fort Smith makes 9% less than the average working person in Fort Smith and will take home about $48,530.
Cost of Living Calculator
Below are the details used to generate the average Cost of Living for Fort Smith. Change the inputs to match your lifestyle and see how it compares to the average cost of living and a salary of $62,000.
Renter
Homeowner
Housing
The average monthly cost of rental housing in Fort Smith is $1,688.
Transit
Driver
Transportation
The average monthly cost for a driver in Fort Smith is $634.
Groceries
The average person spends $504 on groceries per month in Fort Smith.
Utilities
The average monthly cost of utilities in Fort Smith is $168.
Leisure & Entertainment
The average person in Fort Smith spends $156 on leisure & entertainment per month.
Clothing
The average person in Fort Smith spends $40 on clothing per month.
Restaurants
The average person in Fort Smith spends $343 on restaurants per month.
Other
The average person in Fort Smith 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 Fort Smith 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
$3,683/month
Monthly net income of $62,000/year
$4,044/month
Share your results
Email or share the results of the Cost of Living Calculator with yourself or others
Most affordable cities in Northwest Territories
Avg. Salary
$86,400
Avg. Monthly Net pay
$5,411
Avg. Cost of Living
$3,683
Affordability Index
146.91%
Avg. Salary
$68,100
Avg. Monthly Net pay
$4,376
Avg. Cost of Living
$3,683
Affordability Index
118.8%
Avg. Salary
$79,300
Avg. Monthly Net pay
$4,991
Avg. Cost of Living
$4,299
Affordability Index
116.1%
Avg. Salary
$71,700
Avg. Monthly Net pay
$4,542
Avg. Cost of Living
$4,037
Affordability Index
112.51%
Avg. Salary
$72,800
Avg. Monthly Net pay
$4,607
Avg. Cost of Living
$4,421
Affordability Index
104.21%
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
|
Norman Wells, Northwest Territories | $86,400 | $5,411 | $3,683 |
14690
146.91%
|
|
02
2
|
Fort Smith, Northwest Territories | $68,100 | $4,376 | $3,683 |
11880
118.8%
|
|
03
3
|
Yellowknife, Northwest Territories | $79,300 | $4,991 | $4,299 |
11610
116.1%
|
|
04
4
|
Hay River, Northwest Territories | $71,700 | $4,542 | $4,037 |
11251
112.51%
|
|
05
5
|
Inuvik, Northwest Territories | $72,800 | $4,607 | $4,421 |
10421
104.21%
|
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.