Is $50,000 a good salary in Kensington, Prince Edward Island?
Is $50,000 a good salary in Kensington, Prince Edward Island?
$50,000 is $6,560 more than the average yearly salary of $43,440 in Kensington. A salary of $50,000 per year means that you would be taking home about $38,119 per year after taxes, or $3,177 per month to pay for things like housing, transportation, groceries, and entertainment. The average household income in Kensington is $74,000.
Updated: December 1, 2024
Average Cost of Living per Month in Kensington
The average cost of living in Kensington is $3,627/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
$3,627/month
Monthly net income of $50,000/year
$3,177/month
Average total income in 2020
$43,440
Average total household income in 2020
$74,000
Average Salary in Kensington
The average salary in Kensington is $43,440, which is 20.2% lower than the Canadian average salary of $54,450. A person making $50,000 a year in Kensington makes 15.1% more than the average working person in Kensington and will take home about $38,119.
Cost of Living Calculator
Below are the details used to generate the average Cost of Living for Kensington. Change the inputs to match your lifestyle and see how it compares to the average cost of living and a salary of $50,000.
Renter
Homeowner
Housing
The average monthly cost of rental housing in Kensington is $1,579.
Transit
Driver
Transportation
The average monthly cost for a driver in Kensington is $650.
Groceries
The average person spends $516 on groceries per month in Kensington.
Utilities
The average monthly cost of utilities in Kensington is $203.
Leisure & Entertainment
The average person in Kensington spends $154 on leisure & entertainment per month.
Clothing
The average person in Kensington spends $41 on clothing per month.
Restaurants
The average person in Kensington spends $334 on restaurants per month.
Other
The average person in Kensington 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 Kensington 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
$3,627/month
Monthly net income of $50,000/year
$3,177/month
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Most affordable cities in Prince Edward Island
Avg. Salary
$46,160
Avg. Monthly Net pay
$2,967
Avg. Cost of Living
$3,339
Affordability Index
88.86%
Avg. Salary
$43,000
Avg. Monthly Net pay
$2,794
Avg. Cost of Living
$3,430
Affordability Index
81.47%
Avg. Salary
$43,440
Avg. Monthly Net pay
$2,818
Avg. Cost of Living
$3,634
Affordability Index
77.56%
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
|
Charlottetown, Prince Edward Island | $46,160 | $2,967 | $3,339 |
08885
88.86%
|
|
02
2
|
Summerside, Prince Edward Island | $43,000 | $2,794 | $3,430 |
08146
81.47%
|
|
03
3
|
Kensington, Prince Edward Island | $43,440 | $2,818 | $3,634 |
07755
77.56%
|
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.