Is $42,000 a good salary in Fredericton, New Brunswick?

Is $42,000 a good salary in Fredericton, New Brunswick?

$42,000 is $9,080 less than the average yearly salary of $51,080 in Fredericton. A salary of $42,000 per year means that you would be taking home about $33,245 per year after taxes, or $2,770 per month to pay for things like housing, transportation, groceries, and entertainment. The average household income in Fredericton is $91,500.

Fredericton, New Brunswick
Updated: October 1, 2024

Average Cost of Living per Month in Fredericton

The average cost of living in Fredericton is $2,998/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
$2,998/month

Monthly net income of $42,000/year
$2,770/month
Average total income in 2020
$51,080

Average total household income in 2020
$91,500

Average Salary in Fredericton

The average salary in Fredericton is $51,080, which is 6.2% lower than the Canadian average salary of $54,450. A person making $42,000 a year in Fredericton makes 17.8% less than the average working person in Fredericton and will take home about $33,245.
Net Annual Pay:
$33,245
Income tax breakdown
Hourly Salary:
$21.54
Salary breakdown

Cost of Living Calculator

Below are the details used to generate the average Cost of Living for Fredericton. Change the inputs to match your lifestyle and see how it compares to the average cost of living and a salary of $42,000.
Renter
Homeowner
Housing

Housing

The average monthly cost of rental housing in Fredericton is $1,092.
Product Avg. Min. Max.
Apartment (1 bedroom) in City Centre, Rent Per Month
$1,443
$1,200
$1,700
Apartment (1 bedroom) Outside of Centre, Rent Per Month
$1,092
$1,000
$1,200
Apartment (3 bedrooms) in City Centre, Rent Per Month
$2,357
$2,000
$2,600
Apartment (3 bedrooms) Outside of Centre, Rent Per Month
$2,033
$1,800
$2,200
Updated: 2024-10-01 (42 contributors in the last 12 months)
Transit
Driver
Transportation

Transportation

The average monthly cost for a driver in Fredericton is $641.
Product Avg. Min. Max.
Gasoline (1 liter), Transportation
$1.66
$1.51
$1.80
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car), Transportation
$33,978
$33,978
$33,978
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car), Transportation
$26,506
$26,507
$27,383
Updated: 2024-10-01 (42 contributors in the last 12 months)
Groceries

Groceries

The average person spends $454 on groceries per month in Fredericton.
Product Avg. Min. Max.
Milk (regular), (1 liter), Markets
$2.60
$2.11
$3.29
Loaf of Fresh White Bread (500g), Markets
$3.78
$2.99
$4.99
Eggs (regular) (12), Markets
$5.00
$4.00
$5.29
Local Cheese (1kg), Markets
$15.81
$6.00
$40.00
Water (1.5 liter bottle), Markets
$2.12
$1.49
$3.00
Bottle of Wine (Mid-Range), Markets
$17.00
$15.00
$25.00
Domestic Beer (0.5 liter bottle), Markets
$4.40
$2.00
$5.71
Imported Beer (0.33 liter bottle), Markets
$6.40
$3.50
$10.00
Cigarettes 20 Pack (Marlboro), Markets
$16.00
$15.00
$17.00
Apples (1kg), Markets
$6.83
$2.00
$10.00
Chicken Fillets (1kg), Markets
$13.20
$10.00
$20.00
Oranges (1kg), Markets
$5.24
$2.00
$11.00
Potato (1kg), Markets
$2.57
$1.32
$5.50
Lettuce (1 head), Markets
$3.35
$1.00
$4.99
Rice (white), (1kg), Markets
$3.96
$2.00
$5.99
Tomato (1kg), Markets
$7.48
$1.49
$17.61
Banana (1kg), Markets
$2.17
$1.90
$3.06
Onion (1kg), Markets
$2.16
$1.25
$6.00
Beef Round (1kg) (or Equivalent Back Leg Red Meat), Markets
$11.80
$6.00
$25.33
Updated: 2024-10-01 (42 contributors in the last 12 months)
Utilities

Utilities

The average monthly cost of utilities in Fredericton is $160.
Product Avg. Min. Max.
Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment, Utilities (Monthly)
$181.50
$127.50
$300.00
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL), Utilities (Monthly)
$100.00
$80.00
$129.00
Mobile Phone Monthly Plan with Calls and 10GB+ Data, Utilities (Monthly)
$93.57
$50.00
$160.00
Updated: 2024-10-01 (42 contributors in the last 12 months)
Leisure & Entertainment

Leisure & Entertainment

The average person in Fredericton spends $183 on leisure & entertainment per month.
Product Avg. Min. Max.
Fitness Club, Monthly Fee for 1 Adult, Sports And Leisure
$79.00
$30.00
$150.00
Tennis Court Rent (1 Hour on Weekend), Sports And Leisure
$32.00
Cinema, International Release, 1 Seat, Sports And Leisure
$15.00
$12.00
$15.00
Updated: 2024-10-01 (42 contributors in the last 12 months)
Clothing

Clothing

The average person in Fredericton spends $35 on clothing per month.
Product Avg. Min. Max.
1 Pair of Jeans (Levis 501 Or Similar), Clothing And Shoes
$71.25
$35.00
$80.00
1 Pair of Nike Running Shoes (Mid-Range), Clothing And Shoes
$111.00
$60.00
$150.00
1 Pair of Men Leather Business Shoes, Clothing And Shoes
$115.00
$80.00
$150.00
Updated: 2024-10-01 (42 contributors in the last 12 months)
Restaurants

Restaurants

The average person in Fredericton spends $283 on restaurants per month.
Product Avg. Min. Max.
Meal, Inexpensive Restaurant, Restaurants
$20.00
$20.00
$30.00
Meal for 2 People, Mid-range Restaurant, Three-course, Restaurants
$75.00
$50.00
$90.00
McMeal at McDonalds (or Equivalent Combo Meal), Restaurants
$15.00
$12.00
$19.00
Domestic Beer (0.5 liter draught), Restaurants
$7.00
$6.00
$8.87
Imported Beer (0.33 liter bottle), Restaurants
$6.50
$6.00
$9.00
Coke/Pepsi (0.33 liter bottle), Restaurants
$3.20
$2.00
$8.00
Water (0.33 liter bottle) , Restaurants
$2.60
$2.00
$3.00
Cappuccino (regular), Restaurants
$4.90
$4.00
$8.00
Updated: 2024-10-01 (42 contributors in the last 12 months)
Other

Other

The average person in Fredericton spends $150 on miscellaneous goods and services per month.
Product Avg. Min. Max.
Updated: 2024-10-01 (42 contributors in the last 12 months)
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 Fredericton 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
$2,998/month

Monthly net income of $42,000/year
$2,770/month

Jobs paying $42,000+/year

Most affordable cities in New Brunswick

Avg. Salary $51,080
Avg. Monthly Net pay $3,294
Avg. Cost of Living $3,004
Affordability Index
109.64%
Avg. Salary $46,160
Avg. Monthly Net pay $3,012
Avg. Cost of Living $2,987
Affordability Index
100.84%
Avg. Salary $44,200
Avg. Monthly Net pay $2,898
Avg. Cost of Living $3,191
Affordability Index
90.83%
Avg. Salary $46,880
Avg. Monthly Net pay $3,054
Avg. Cost of Living $3,378
Affordability Index
90.41%
Avg. Salary $43,560
Avg. Monthly Net pay $2,861
Avg. Cost of Living $3,478
Affordability Index
82.26%
Avg. Salary $42,920
Avg. Monthly Net pay $2,824
Avg. Cost of Living $3,570
Affordability Index
79.1%
Avg. Salary $40,440
Avg. Monthly Net pay $2,680
Avg. Cost of Living $3,396
Affordability Index
78.91%
Avg. Salary $38,160
Avg. Monthly Net pay $2,547
Avg. Cost of Living $3,891
Affordability Index
65.47%
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
Fredericton, New Brunswick $51,080 $3,294 $3,004
10964
109.64%
02
2
Moncton, New Brunswick $46,160 $3,012 $2,987
10084
100.84%
03
3
Saint John, New Brunswick $44,200 $2,898 $3,191
09082
90.83%
04
4
Sackville, New Brunswick $46,880 $3,054 $3,378
09040
90.41%
05
5
Edmundston, New Brunswick $43,560 $2,861 $3,478
08226
82.26%
06
6
Grand Falls, New Brunswick $42,920 $2,824 $3,570
07909
79.1%
07
7
Bathurst, New Brunswick $40,440 $2,680 $3,396
07890
78.91%
08
8
Campbellton, New Brunswick $38,160 $2,547 $3,891
06546
65.47%
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.