Is $55,000 a good salary in Labrador City, Newfoundland and Labrador?
Is $55,000 a good salary in Labrador City, Newfoundland and Labrador?
$55,000 is $26,300 less than the average yearly salary of $81,300 in Labrador City. A salary of $55,000 per year means that you would be taking home about $41,697 per year after taxes, or $3,475 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 $4,012/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
$4,012/month
Monthly net income of $55,000/year
$3,475/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 $55,000 a year in Labrador City makes 32.3% less than the average working person in Labrador City and will take home about $41,697.
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 $55,000.
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 $156 on leisure & entertainment per month.
Clothing
The average person in Labrador City spends $41 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
$4,012/month
Monthly net income of $55,000/year
$3,475/month
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Jobs paying $55,000+/year
NL Health Services
-
699 Jobs
Labrador City, NL
$35.42 - $39.58 / hour
Temporary
6 days ago
NL Health Services
-
699 Jobs
Labrador City, NL
$40.07 - $48.73 / hour
Full-time
16 days ago
NL Health Services
-
699 Jobs
Labrador City, NL
$38.62 - $48.10 / hour
Full-time
14 days ago
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