Is $40,000 a good salary in Labrador City, Newfoundland and Labrador?
Is $40,000 a good salary in Labrador City, Newfoundland and Labrador?
$40,000 is $41,300 less than the average yearly salary of $81,300 in Labrador City. A salary of $40,000 per year means that you would be taking home about $31,825 per year after taxes, or $2,652 per month to pay for things like housing, transportation, groceries, and entertainment. The average household income in Labrador City is $153,000.
Updated: September 1, 2024
Average Cost of Living per Month in Labrador City
The average cost of living in Labrador City is $4,010/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
$4,010/month
Monthly net income of $40,000/year
$2,652/month
Average total income in 2020
$81,300
Average total household income in 2020
$153,000
Average Salary in Labrador City
The average salary in Labrador City is $81,300, which is 49.3% higher than the Canadian average salary of $54,450. A person making $40,000 a year in Labrador City makes 50.8% less than the average working person in Labrador City and will take home about $31,825.
Cost of Living Calculator
Below are the details used to generate the average Cost of Living for Labrador City. Change the inputs to match your lifestyle and see how it compares to the average cost of living and a salary of $40,000.
Renter
Homeowner
Housing
The average monthly cost of rental housing in Labrador City is $1,579.
Transit
Driver
Transportation
The average monthly cost for a driver in Labrador City is $658.
Groceries
The average person spends $506 on groceries per month in Labrador City.
Utilities
The average monthly cost of utilities in Labrador City is $485.
Leisure & Entertainment
The average person in Labrador City spends $155 on leisure & entertainment per month.
Clothing
The average person in Labrador City spends $40 on clothing per month.
Restaurants
The average person in Labrador City spends $437 on restaurants per month.
Other
The average person in Labrador City 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 Labrador City 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
$4,010/month
Monthly net income of $40,000/year
$2,652/month
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Jobs paying $40,000+/year
NL Health Services
-
657 Jobs
Labrador City, NL
$38.62 - $48.10 / hour
Full-time
13 days ago
NL Health Services
-
657 Jobs
Labrador City, NL
$35.42 - $39.58 / hour
Temporary
5 days ago
Most affordable cities in Newfoundland and Labrador
Avg. Salary
$81,300
Avg. Monthly Net pay
$4,818
Avg. Cost of Living
$4,009
Affordability Index
120.18%
Avg. Salary
$55,450
Avg. Monthly Net pay
$3,499
Avg. Cost of Living
$3,118
Affordability Index
112.22%
Avg. Salary
$60,650
Avg. Monthly Net pay
$3,756
Avg. Cost of Living
$3,526
Affordability Index
106.52%
Avg. Salary
$53,300
Avg. Monthly Net pay
$3,383
Avg. Cost of Living
$3,613
Affordability Index
93.64%
Avg. Salary
$50,560
Avg. Monthly Net pay
$3,236
Avg. Cost of Living
$3,628
Affordability Index
89.19%
Avg. Salary
$44,920
Avg. Monthly Net pay
$2,932
Avg. Cost of Living
$3,479
Affordability Index
84.29%
Avg. Salary
$45,520
Avg. Monthly Net pay
$2,965
Avg. Cost of Living
$3,537
Affordability Index
83.82%
Avg. Salary
$44,200
Avg. Monthly Net pay
$2,894
Avg. Cost of Living
$3,570
Affordability Index
81.05%
Avg. Salary
$44,200
Avg. Monthly Net pay
$2,894
Avg. Cost of Living
$3,570
Affordability Index
81.05%
Avg. Salary
$44,100
Avg. Monthly Net pay
$2,888
Avg. Cost of Living
$3,570
Affordability Index
80.9%
Avg. Salary
$43,600
Avg. Monthly Net pay
$2,861
Avg. Cost of Living
$3,570
Affordability Index
80.15%
Avg. Salary
$43,040
Avg. Monthly Net pay
$2,830
Avg. Cost of Living
$3,570
Affordability Index
79.28%
Avg. Salary
$41,520
Avg. Monthly Net pay
$2,741
Avg. Cost of Living
$3,593
Affordability Index
76.29%
Avg. Salary
$38,600
Avg. Monthly Net pay
$2,570
Avg. Cost of Living
$3,490
Affordability Index
73.64%
Avg. Salary
$40,200
Avg. Monthly Net pay
$2,664
Avg. Cost of Living
$3,628
Affordability Index
73.42%
Avg. Salary
$38,600
Avg. Monthly Net pay
$2,570
Avg. Cost of Living
$3,570
Affordability Index
71.99%
Avg. Salary
$38,000
Avg. Monthly Net pay
$2,535
Avg. Cost of Living
$3,570
Affordability Index
71%
Avg. Salary
$35,800
Avg. Monthly Net pay
$2,406
Avg. Cost of Living
$3,570
Affordability Index
67.39%
Avg. Salary
$32,200
Avg. Monthly Net pay
$2,195
Avg. Cost of Living
$3,570
Affordability Index
61.48%
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
|
Labrador City, Newfoundland and Labrador | $81,300 | $4,818 | $4,009 |
12018
120.18%
|
|
02
2
|
St. John's, Newfoundland and Labrador | $55,450 | $3,499 | $3,118 |
11221
112.22%
|
|
03
3
|
Happy Valley-Goose Bay, Newfoundland and Labrador | $60,650 | $3,756 | $3,526 |
10651
106.52%
|
|
04
4
|
Gander, Newfoundland and Labrador | $53,300 | $3,383 | $3,613 |
09364
93.64%
|
|
05
5
|
Mount Pearl, Newfoundland and Labrador | $50,560 | $3,236 | $3,628 |
08918
89.19%
|
|
06
6
|
Corner Brook, Newfoundland and Labrador | $44,920 | $2,932 | $3,479 |
08428
84.29%
|
|
07
7
|
Grand Falls-Windsor, Newfoundland and Labrador | $45,520 | $2,965 | $3,537 |
08381
83.82%
|
|
08
8
|
Port Hope Simpson, Newfoundland and Labrador | $44,200 | $2,894 | $3,570 |
08105
81.05%
|
|
09
9
|
Nain, Newfoundland and Labrador | $44,200 | $2,894 | $3,570 |
08105
81.05%
|
|
10
10
|
LaScie, Newfoundland and Labrador | $44,100 | $2,888 | $3,570 |
08090
80.9%
|
|
11
11
|
Rigolet, Newfoundland and Labrador | $43,600 | $2,861 | $3,570 |
08014
80.15%
|
|
12
12
|
Channel-Port aux Basques, Newfoundland and Labrador | $43,040 | $2,830 | $3,570 |
07928
79.28%
|
|
13
13
|
Deer Lake, Newfoundland and Labrador | $41,520 | $2,741 | $3,593 |
07629
76.29%
|
|
14
14
|
Stephenville, Newfoundland and Labrador | $38,600 | $2,570 | $3,490 |
07363
73.64%
|
|
15
15
|
Trepassey, Newfoundland and Labrador | $40,200 | $2,664 | $3,628 |
07342
73.42%
|
|
16
16
|
Hopedale, Newfoundland and Labrador | $38,600 | $2,570 | $3,570 |
07198
71.99%
|
|
17
17
|
Summerford, Newfoundland and Labrador | $38,000 | $2,535 | $3,570 |
07100
71%
|
|
18
18
|
Buchans, Newfoundland and Labrador | $35,800 | $2,406 | $3,570 |
06738
67.39%
|
|
19
19
|
Trout River, Newfoundland and Labrador | $32,200 | $2,195 | $3,570 |
06147
61.48%
|
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.
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