Is $120,000 a good salary in Halifax, Nova Scotia?
Is $120,000 a good salary in Halifax, Nova Scotia?
$120,000 is $67,100 more than the average yearly salary of $52,900 in Halifax. A salary of $120,000 per year means that you would be taking home about $79,833 per year after taxes, or $6,653 per month to pay for things like housing, transportation, groceries, and entertainment. The average household income in Halifax is $99,200.
Updated: October 1, 2024
Average Cost of Living per Month in Halifax
The average cost of living in Halifax is $3,713/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
$3,713/month
Monthly net income of $120,000/year
$6,653/month
Average total income in 2020
$52,900
Average total household income in 2020
$99,200
Average Salary in Halifax
The average salary in Halifax is $52,900, which is 2.8% lower than the Canadian average salary of $54,450. A person making $120,000 a year in Halifax makes 126.8% more than the average working person in Halifax and will take home about $79,833.
Cost of Living Calculator
Below are the details used to generate the average Cost of Living for Halifax. 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 Halifax is $1,649.
| Product | Avg. | Min. | Max. |
|---|---|---|---|
|
Apartment (1 bedroom) in City Centre, Rent Per Month
|
$2,020
|
$1,800
|
$2,400
|
|
Apartment (1 bedroom) Outside of Centre, Rent Per Month
|
$1,649
|
$1,300
|
$2,000
|
|
Apartment (3 bedrooms) in City Centre, Rent Per Month
|
$3,291
|
$2,800
|
$4,000
|
|
Apartment (3 bedrooms) Outside of Centre, Rent Per Month
|
$2,668
|
$2,300
|
$3,200
|
Updated: 2024-10-01 (171 contributors in the last 12 months)
Transit
Driver
Transportation
The average monthly cost for a driver in Halifax is $652.
| Product | Avg. | Min. | Max. |
|---|---|---|---|
|
Gasoline (1 liter), Transportation
|
$1.75
|
$1.56
|
$1.90
|
|
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car), Transportation
|
$33,978
|
$33,978
|
$40,000
|
|
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car), Transportation
|
$29,186
|
$27,383
|
$35,000
|
Updated: 2024-10-01 (171 contributors in the last 12 months)
Groceries
The average person spends $513 on groceries per month in Halifax.
| Product | Avg. | Min. | Max. |
|---|---|---|---|
|
Milk (regular), (1 liter), Markets
|
$2.88
|
$1.66
|
$4.45
|
|
Loaf of Fresh White Bread (500g), Markets
|
$3.84
|
$3.00
|
$6.00
|
|
Eggs (regular) (12), Markets
|
$5.26
|
$3.99
|
$6.64
|
|
Local Cheese (1kg), Markets
|
$14.32
|
$7.00
|
$40.00
|
|
Water (1.5 liter bottle), Markets
|
$2.68
|
$1.29
|
$4.00
|
|
Bottle of Wine (Mid-Range), Markets
|
$20.00
|
$13.99
|
$28.75
|
|
Domestic Beer (0.5 liter bottle), Markets
|
$4.95
|
$3.79
|
$6.50
|
|
Imported Beer (0.33 liter bottle), Markets
|
$5.37
|
$3.00
|
$8.50
|
|
Cigarettes 20 Pack (Marlboro), Markets
|
$20.80
|
$19.00
|
$25.00
|
|
Apples (1kg), Markets
|
$6.19
|
$2.60
|
$10.00
|
|
Chicken Fillets (1kg), Markets
|
$18.20
|
$8.00
|
$23.00
|
|
Oranges (1kg), Markets
|
$5.49
|
$2.99
|
$7.00
|
|
Potato (1kg), Markets
|
$3.43
|
$0.85
|
$6.31
|
|
Lettuce (1 head), Markets
|
$3.46
|
$2.40
|
$4.59
|
|
Rice (white), (1kg), Markets
|
$6.50
|
$3.00
|
$12.99
|
|
Tomato (1kg), Markets
|
$6.45
|
$3.00
|
$10.00
|
|
Banana (1kg), Markets
|
$2.20
|
$1.60
|
$5.25
|
|
Onion (1kg), Markets
|
$3.38
|
$1.98
|
$6.06
|
|
Beef Round (1kg) (or Equivalent Back Leg Red Meat), Markets
|
$17.89
|
$9.00
|
$26.43
|
Updated: 2024-10-01 (171 contributors in the last 12 months)
Utilities
The average monthly cost of utilities in Halifax is $206.
| Product | Avg. | Min. | Max. |
|---|---|---|---|
|
Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment, Utilities (Monthly)
|
$255.46
|
$150.00
|
$500.00
|
|
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL), Utilities (Monthly)
|
$102.13
|
$75.00
|
$140.00
|
|
Mobile Phone Monthly Plan with Calls and 10GB+ Data, Utilities (Monthly)
|
$75.59
|
$30.00
|
$120.00
|
Updated: 2024-10-01 (171 contributors in the last 12 months)
Leisure & Entertainment
The average person in Halifax spends $162 on leisure & entertainment per month.
| Product | Avg. | Min. | Max. |
|---|---|---|---|
|
Fitness Club, Monthly Fee for 1 Adult, Sports And Leisure
|
$71.27
|
$29.00
|
$120.00
|
|
Tennis Court Rent (1 Hour on Weekend), Sports And Leisure
|
$19.50
|
$10.00
|
|
|
Cinema, International Release, 1 Seat, Sports And Leisure
|
$14.00
|
$12.00
|
$20.00
|
Updated: 2024-10-01 (171 contributors in the last 12 months)
Clothing
The average person in Halifax spends $42 on clothing per month.
| Product | Avg. | Min. | Max. |
|---|---|---|---|
|
1 Pair of Jeans (Levis 501 Or Similar), Clothing And Shoes
|
$88.07
|
$40.00
|
$120.00
|
|
1 Summer Dress in a Chain Store (Zara, H&M, ...), Clothing And Shoes
|
$45.89
|
$29.99
|
$70.00
|
|
1 Pair of Nike Running Shoes (Mid-Range), Clothing And Shoes
|
$134.17
|
$90.00
|
$160.00
|
|
1 Pair of Men Leather Business Shoes, Clothing And Shoes
|
$149.54
|
$75.00
|
$225.00
|
Updated: 2024-10-01 (171 contributors in the last 12 months)
Restaurants
The average person in Halifax spends $339 on restaurants per month.
| Product | Avg. | Min. | Max. |
|---|---|---|---|
|
Meal, Inexpensive Restaurant, Restaurants
|
$25.00
|
$18.00
|
$35.00
|
|
Meal for 2 People, Mid-range Restaurant, Three-course, Restaurants
|
$100.00
|
$75.75
|
$150.00
|
|
McMeal at McDonalds (or Equivalent Combo Meal), Restaurants
|
$13.50
|
$12.00
|
$15.00
|
|
Domestic Beer (0.5 liter draught), Restaurants
|
$8.00
|
$5.50
|
$12.00
|
|
Imported Beer (0.33 liter bottle), Restaurants
|
$9.00
|
$6.15
|
$12.00
|
|
Coke/Pepsi (0.33 liter bottle), Restaurants
|
$3.02
|
$2.50
|
$3.50
|
|
Water (0.33 liter bottle) , Restaurants
|
$2.35
|
$2.00
|
$3.00
|
|
Cappuccino (regular), Restaurants
|
$5.02
|
$3.00
|
$7.89
|
Updated: 2024-10-01 (171 contributors in the last 12 months)
Other
The average person in Halifax spends $150 on miscellaneous goods and services per month.
| Product | Avg. | Min. | Max. |
|---|---|---|---|
|
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child, Childcare
|
$1,153
|
$650
|
$1,667
|
|
International Primary School, Yearly for 1 Child, Childcare
|
$19,167
|
$16,000
|
$23,000
|
Updated: 2024-10-01 (171 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 Halifax 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
$3,713/month
Monthly net income of $120,000/year
$6,653/month
Share your results
Email or share the results of the Cost of Living Calculator with yourself or others
Jobs paying $120,000+/year
The Workers’ Compensation Board of Nova Scotia (WCB)
-
7 Jobs
Halifax, NS
$115,719 - $144,651 / year
Full-time
21 days ago
Quick Apply
Blue Ocean Partners Consulting Ltd.
Halifax, NS • Remote
$80,000 - $100,000 / month
Full-time
13 days ago
Quick Apply
Most affordable cities in Nova Scotia
Avg. Salary
$52,900
Avg. Monthly Net pay
$3,279
Avg. Cost of Living
$3,715
Affordability Index
88.26%
Avg. Salary
$45,280
Avg. Monthly Net pay
$2,875
Avg. Cost of Living
$3,472
Affordability Index
82.8%
Avg. Salary
$41,840
Avg. Monthly Net pay
$2,693
Avg. Cost of Living
$3,297
Affordability Index
81.67%
Avg. Salary
$43,760
Avg. Monthly Net pay
$2,794
Avg. Cost of Living
$3,443
Affordability Index
81.16%
Avg. Salary
$42,360
Avg. Monthly Net pay
$2,720
Avg. Cost of Living
$3,476
Affordability Index
78.25%
Avg. Salary
$42,040
Avg. Monthly Net pay
$2,703
Avg. Cost of Living
$3,497
Affordability Index
77.3%
Avg. Salary
$41,480
Avg. Monthly Net pay
$2,673
Avg. Cost of Living
$3,475
Affordability Index
76.93%
Avg. Salary
$40,640
Avg. Monthly Net pay
$2,629
Avg. Cost of Living
$3,461
Affordability Index
75.96%
Avg. Salary
$38,000
Avg. Monthly Net pay
$2,489
Avg. Cost of Living
$3,498
Affordability Index
71.15%
Avg. Salary
$34,960
Avg. Monthly Net pay
$2,328
Avg. Cost of Living
$3,617
Affordability Index
64.36%
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
|
Halifax, Nova Scotia | $52,900 | $3,279 | $3,715 |
08825
88.26%
|
|
02
2
|
New Glasgow, Nova Scotia | $45,280 | $2,875 | $3,472 |
08280
82.8%
|
|
03
3
|
Truro, Nova Scotia | $41,840 | $2,693 | $3,297 |
08166
81.67%
|
|
04
4
|
Wolfville, Nova Scotia | $43,760 | $2,794 | $3,443 |
08115
81.16%
|
|
05
5
|
Antigonish, Nova Scotia | $42,360 | $2,720 | $3,476 |
07825
78.25%
|
|
06
6
|
Port Hawkesbury, Nova Scotia | $42,040 | $2,703 | $3,497 |
07729
77.3%
|
|
07
7
|
Bridgewater, Nova Scotia | $41,480 | $2,673 | $3,475 |
07693
76.93%
|
|
08
8
|
Amherst, Nova Scotia | $40,640 | $2,629 | $3,461 |
07595
75.96%
|
|
09
9
|
Yarmouth, Nova Scotia | $38,000 | $2,489 | $3,498 |
07115
71.15%
|
|
10
10
|
Digby, Nova Scotia | $34,960 | $2,328 | $3,617 |
06435
64.36%
|
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.