Is $40,000 a good salary in Milton, Ontario?

Is $40,000 a good salary in Milton, Ontario?

$40,000 is $20,900 less than the average yearly salary of $60,900 in Milton. 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 Milton is $142,600.

Milton, Ontario
Updated: October 1, 2024

Average Cost of Living per Month in Milton

The average cost of living in Milton is $4,437/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
$4,437/month
Monthly net income of $40,000/year
$2,701/month
Average total income in 2020
$60,900
Average total household income in 2020
$142,600

Average Salary in Milton

The average salary in Milton is $60,900, which is 11.8% higher than the Canadian average salary of $54,450. A person making $40,000 a year in Milton makes 34.3% less than the average working person in Milton and will take home about $32,417.
Net Annual Pay:
$32,417
Income tax breakdown
Hourly Salary:
$20.51
Salary breakdown

Cost of Living Calculator

Below are the details used to generate the average Cost of Living for Milton. 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

Housing

The average monthly cost of rental housing in Milton is $2,300.
Product Avg. Min. Max.
Apartment (1 bedroom) in City Centre, Rent Per Month
$2,375
$1,750
$3,000
Apartment (1 bedroom) Outside of Centre, Rent Per Month
$2,300
Apartment (3 bedrooms) in City Centre, Rent Per Month
$3,567
$3,000
$4,500
Apartment (3 bedrooms) Outside of Centre, Rent Per Month
$3,150
$2,900
$3,500
Updated: 2024-10-01 (21 contributors in the last 12 months)
Transit
Driver
Transportation

Transportation

The average monthly cost for a driver in Milton is $627.
Product Avg. Min. Max.
Gasoline (1 liter), Transportation
$1.55
$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
$33,037
$27,383
$27,383
Updated: 2024-10-01 (21 contributors in the last 12 months)
Groceries

Groceries

The average person spends $582 on groceries per month in Milton.
Product Avg. Min. Max.
Milk (regular), (1 liter), Markets
$3.33
$1.45
$4.50
Loaf of Fresh White Bread (500g), Markets
$3.65
$3.00
$4.00
Eggs (regular) (12), Markets
$4.63
$3.60
$6.50
Local Cheese (1kg), Markets
$9.00
$9.00
$9.00
Water (1.5 liter bottle), Markets
$3.00
$2.99
$3.00
Bottle of Wine (Mid-Range), Markets
$21.00
Domestic Beer (0.5 liter bottle), Markets
$3.00
Imported Beer (0.33 liter bottle), Markets
$3.75
Cigarettes 20 Pack (Marlboro), Markets
$16.80
Apples (1kg), Markets
$7.40
$6.00
$8.80
Chicken Fillets (1kg), Markets
$40.00
Oranges (1kg), Markets
$3.90
$3.31
$4.50
Potato (1kg), Markets
$1.46
$0.95
$1.96
Lettuce (1 head), Markets
$2.29
Rice (white), (1kg), Markets
$6.06
Tomato (1kg), Markets
$4.46
$1.99
$7.00
Banana (1kg), Markets
$2.09
$1.19
$3.00
Onion (1kg), Markets
$1.74
Beef Round (1kg) (or Equivalent Back Leg Red Meat), Markets
$25.74
$13.23
$50.00
Updated: 2024-10-01 (21 contributors in the last 12 months)
Utilities

Utilities

The average monthly cost of utilities in Milton is $252.
Product Avg. Min. Max.
Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment, Utilities (Monthly)
$338.66
$200.00
$450.00
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL), Utilities (Monthly)
$92.50
$75.00
$150.00
Mobile Phone Monthly Plan with Calls and 10GB+ Data, Utilities (Monthly)
$81.67
$35.00
$150.00
Updated: 2024-10-01 (21 contributors in the last 12 months)
Leisure & Entertainment

Leisure & Entertainment

The average person in Milton spends $150 on leisure & entertainment per month.
Product Avg. Min. Max.
Fitness Club, Monthly Fee for 1 Adult, Sports And Leisure
$45.00
$20.00
$60.00
Cinema, International Release, 1 Seat, Sports And Leisure
$22.50
$15.00
$30.00
Updated: 2024-10-01 (21 contributors in the last 12 months)
Clothing

Clothing

The average person in Milton spends $45 on clothing per month.
Product Avg. Min. Max.
1 Pair of Jeans (Levis 501 Or Similar), Clothing And Shoes
$76.66
$30.00
$159.99
1 Summer Dress in a Chain Store (Zara, H&M, ...), Clothing And Shoes
$74.00
$50.00
$98.00
1 Pair of Nike Running Shoes (Mid-Range), Clothing And Shoes
$127.50
$60.00
$150.00
1 Pair of Men Leather Business Shoes, Clothing And Shoes
$172.33
$100.00
$300.00
Updated: 2024-10-01 (21 contributors in the last 12 months)
Restaurants

Restaurants

The average person in Milton spends $331 on restaurants per month.
Product Avg. Min. Max.
Meal, Inexpensive Restaurant, Restaurants
$20.00
$20.00
$25.00
Meal for 2 People, Mid-range Restaurant, Three-course, Restaurants
$100.00
$70.00
$200.00
McMeal at McDonalds (or Equivalent Combo Meal), Restaurants
$17.50
$12.00
$25.00
Domestic Beer (0.5 liter draught), Restaurants
$10.75
$6.50
$15.00
Imported Beer (0.33 liter bottle), Restaurants
$7.50
Coke/Pepsi (0.33 liter bottle), Restaurants
$4.38
$3.50
$5.00
Water (0.33 liter bottle) , Restaurants
$3.38
$2.50
$4.00
Cappuccino (regular), Restaurants
$5.25
$3.50
$8.00
Updated: 2024-10-01 (21 contributors in the last 12 months)
Other

Other

The average person in Milton spends $150 on miscellaneous goods and services per month.
Product Avg. Min. Max.
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child, Childcare
$825
$650
$1,000
Updated: 2024-10-01 (21 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 Milton 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
$4,437/month
Monthly net income of $40,000/year
$2,701/month

Jobs paying $40,000+/year

Dispatcher
Dispatcher
Advantage Personnel - 247 Jobs
Milton, ON
$22.00 - $26.00 / hour
Full-time
20 days ago
Quick Apply
See all jobs in Milton

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