Is $40,000 a good salary in Markham, Ontario?
Is $40,000 a good salary in Markham, Ontario?
$40,000 is $13,950 less than the average yearly salary of $53,950 in Markham. A salary of $40,000 per year means that you would be taking home about $32,417 per year after taxes, or $2,701 per month to pay for things like housing, transportation, groceries, and entertainment. The average household income in Markham is $130,800.
Updated: December 1, 2024
Average Cost of Living per Month in Markham
The average cost of living in Markham is $4,057/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
$4,057/month
Monthly net income of $40,000/year
$2,701/month
Average total income in 2020
$53,950
Average total household income in 2020
$130,800
Average Salary in Markham
The average salary in Markham is $53,950, which is 0.9% lower than the Canadian average salary of $54,450. A person making $40,000 a year in Markham makes 25.9% less than the average working person in Markham and will take home about $32,417.
Cost of Living Calculator
Below are the details used to generate the average Cost of Living for Markham. 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 Markham is $2,200.
| Product | Avg. | Min. | Max. |
|---|---|---|---|
|
Apartment (1 bedroom) in City Centre, Rent Per Month
|
$2,317
|
$2,000
|
$2,600
|
|
Apartment (1 bedroom) Outside of Centre, Rent Per Month
|
$2,200
|
$1,800
|
$2,400
|
|
Apartment (3 bedrooms) in City Centre, Rent Per Month
|
$4,033
|
$3,800
|
$4,500
|
|
Apartment (3 bedrooms) Outside of Centre, Rent Per Month
|
$3,400
|
$3,000
|
$3,800
|
Updated: 2024-12-01 (30 contributors in the last 12 months)
Transit
Driver
Transportation
The average monthly cost for a driver in Markham is $622.
| Product | Avg. | Min. | Max. |
|---|---|---|---|
|
Gasoline (1 liter), Transportation
|
$1.51
|
$1.40
|
$1.79
|
|
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car), Transportation
|
$33,978
|
$33,978
|
$33,978
|
|
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car), Transportation
|
$27,253
|
$26,385
|
$27,383
|
Updated: 2024-12-01 (30 contributors in the last 12 months)
Groceries
The average person spends $407 on groceries per month in Markham.
| Product | Avg. | Min. | Max. |
|---|---|---|---|
|
Milk (regular), (1 liter), Markets
|
$3.26
|
$1.50
|
$6.00
|
|
Loaf of Fresh White Bread (500g), Markets
|
$3.15
|
$2.50
|
$3.50
|
|
Eggs (regular) (12), Markets
|
$4.30
|
$3.00
|
$6.00
|
|
Local Cheese (1kg), Markets
|
$12.00
|
$8.00
|
$30.00
|
|
Water (1.5 liter bottle), Markets
|
$2.24
|
$0.70
|
$2.99
|
|
Bottle of Wine (Mid-Range), Markets
|
$17.50
|
$14.00
|
$35.00
|
|
Domestic Beer (0.5 liter bottle), Markets
|
$2.91
|
$2.70
|
$3.00
|
|
Imported Beer (0.33 liter bottle), Markets
|
$4.49
|
$2.00
|
$4.79
|
|
Cigarettes 20 Pack (Marlboro), Markets
|
$18.99
|
$13.60
|
$20.00
|
|
Apples (1kg), Markets
|
$6.10
|
$1.59
|
$10.00
|
|
Chicken Fillets (1kg), Markets
|
$14.95
|
$6.00
|
$30.00
|
|
Oranges (1kg), Markets
|
$2.50
|
$2.00
|
$14.00
|
|
Potato (1kg), Markets
|
$3.32
|
$1.32
|
$10.58
|
|
Lettuce (1 head), Markets
|
$4.25
|
$1.65
|
$5.00
|
|
Rice (white), (1kg), Markets
|
$5.05
|
$2.00
|
$7.00
|
|
Tomato (1kg), Markets
|
$4.69
|
$1.39
|
$5.00
|
|
Banana (1kg), Markets
|
$1.95
|
$0.89
|
$4.17
|
|
Onion (1kg), Markets
|
$2.91
|
$1.49
|
$4.41
|
|
Beef Round (1kg) (or Equivalent Back Leg Red Meat), Markets
|
$10.00
|
$10.00
|
$35.00
|
Updated: 2024-12-01 (30 contributors in the last 12 months)
Utilities
The average monthly cost of utilities in Markham is $193.
| Product | Avg. | Min. | Max. |
|---|---|---|---|
|
Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment, Utilities (Monthly)
|
$260.00
|
$200.00
|
$400.00
|
|
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL), Utilities (Monthly)
|
$71.25
|
$59.99
|
$135.00
|
|
Mobile Phone Monthly Plan with Calls and 10GB+ Data, Utilities (Monthly)
|
$45.83
|
$35.00
|
$60.00
|
Updated: 2024-12-01 (30 contributors in the last 12 months)
Leisure & Entertainment
The average person in Markham spends $153 on leisure & entertainment per month.
| Product | Avg. | Min. | Max. |
|---|---|---|---|
|
Fitness Club, Monthly Fee for 1 Adult, Sports And Leisure
|
$62.00
|
$19.99
|
$100.00
|
|
Tennis Court Rent (1 Hour on Weekend), Sports And Leisure
|
$19.33
|
$8.00
|
$30.00
|
|
Cinema, International Release, 1 Seat, Sports And Leisure
|
$14.75
|
$9.99
|
$25.00
|
Updated: 2024-12-01 (30 contributors in the last 12 months)
Clothing
The average person in Markham spends $33 on clothing per month.
| Product | Avg. | Min. | Max. |
|---|---|---|---|
|
1 Pair of Jeans (Levis 501 Or Similar), Clothing And Shoes
|
$60.00
|
$40.00
|
$105.00
|
|
1 Summer Dress in a Chain Store (Zara, H&M, ...), Clothing And Shoes
|
$50.00
|
$35.00
|
$50.00
|
|
1 Pair of Nike Running Shoes (Mid-Range), Clothing And Shoes
|
$82.50
|
$55.00
|
$130.00
|
|
1 Pair of Men Leather Business Shoes, Clothing And Shoes
|
$141.43
|
$75.00
|
$150.00
|
Updated: 2024-12-01 (30 contributors in the last 12 months)
Restaurants
The average person in Markham spends $299 on restaurants per month.
| Product | Avg. | Min. | Max. |
|---|---|---|---|
|
Meal, Inexpensive Restaurant, Restaurants
|
$20.00
|
$15.00
|
$40.00
|
|
Meal for 2 People, Mid-range Restaurant, Three-course, Restaurants
|
$92.50
|
$55.00
|
$150.00
|
|
McMeal at McDonalds (or Equivalent Combo Meal), Restaurants
|
$12.00
|
$11.99
|
$13.56
|
|
Domestic Beer (0.5 liter draught), Restaurants
|
$7.00
|
$4.00
|
$9.50
|
|
Imported Beer (0.33 liter bottle), Restaurants
|
$8.00
|
$5.00
|
$11.50
|
|
Coke/Pepsi (0.33 liter bottle), Restaurants
|
$2.39
|
$2.00
|
$6.00
|
|
Water (0.33 liter bottle) , Restaurants
|
$1.87
|
$1.50
|
$4.00
|
|
Cappuccino (regular), Restaurants
|
$4.88
|
$3.00
|
$6.00
|
Updated: 2024-12-01 (30 contributors in the last 12 months)
Other
The average person in Markham spends $150 on miscellaneous goods and services per month.
| Product | Avg. | Min. | Max. |
|---|---|---|---|
|
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child, Childcare
|
$1,250
|
$1,250
|
$1,500
|
|
International Primary School, Yearly for 1 Child, Childcare
|
$39,000
|
$38,000
|
$40,000
|
Updated: 2024-12-01 (30 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 Markham 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
$4,057/month
Monthly net income of $40,000/year
$2,701/month
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Jobs paying $40,000+/year
Canadian International Auto Show LP
Markham, ON
$36.50 / hour
Full-time
5 days ago
Quick Apply