Is $58,000 a good salary in Iqaluit, Nunavut?

Is $58,000 a good salary in Iqaluit, Nunavut?

$58,000 is $29,500 less than the average yearly salary of $87,500 in Iqaluit. A salary of $58,000 per year means that you would be taking home about $46,570 per year after taxes, or $3,881 per month to pay for things like housing, transportation, groceries, and entertainment. The average household income in Iqaluit is $177,800.

Iqaluit, Nunavut
Updated: May 1, 2024

Average Cost of Living per Month in Iqaluit

The average cost of living in Iqaluit is $4,225/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
$4,225/month
Monthly net income of $58,000/year
$3,881/month
Average total income in 2020
$87,500
Average total household income in 2020
$177,800

Average Salary in Iqaluit

The average salary in Iqaluit is $87,500, which is 60.7% higher than the Canadian average salary of $54,450. A person making $58,000 a year in Iqaluit makes 33.7% less than the average working person in Iqaluit and will take home about $46,570.
Net Annual Pay:
$46,570
Income tax breakdown
Hourly Salary:
$29.74
Salary breakdown

Cost of Living Calculator

Below are the details used to generate the average Cost of Living for Iqaluit. Change the inputs to match your lifestyle and see how it compares to the average cost of living and a salary of $58,000.
Renter
Homeowner
Housing

Housing

The average monthly cost of rental housing in Iqaluit is $1,579.
Transit
Driver
Transportation

Transportation

The average monthly cost for a driver in Iqaluit is $1,090.
Groceries

Groceries

The average person spends $548 on groceries per month in Iqaluit.
Utilities

Utilities

The average monthly cost of utilities in Iqaluit is $136.
Leisure & Entertainment

Leisure & Entertainment

The average person in Iqaluit spends $211 on leisure & entertainment per month.
Clothing

Clothing

The average person in Iqaluit spends $44 on clothing per month.
Restaurants

Restaurants

The average person in Iqaluit spends $467 on restaurants per month.
Other

Other

The average person in Iqaluit 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 Iqaluit 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
$4,225/month
Monthly net income of $58,000/year
$3,881/month

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Most affordable cities in Nunavut

1. Iqaluit, Nunavut
Avg. Salary $87,500
Avg. Monthly Net pay $5,592
Avg. Cost of Living $4,204
Affordability Index
133.01%
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
 Iqaluit, Nunavut $87,500 $5,592 $4,204
13301
133.01%
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.

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