Is $240,000 a good salary in Mississauga, Ontario?

Is $240,000 a good salary in Mississauga, Ontario?

$240,000 is $185,850 more than the average yearly salary of $54,150 in Mississauga. A salary of $240,000 per year means that you would be taking home about $149,993 per year after taxes, or $12,499 per month to pay for things like housing, transportation, groceries, and entertainment. The average household income in Mississauga is $126,500.

Mississauga, Ontario
Updated: November 1, 2024

Average Cost of Living per Month in Mississauga

The average cost of living in Mississauga is $4,088/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
$4,088/month

Monthly net income of $240,000/year
$12,499/month
Average total income in 2020
$54,150

Average total household income in 2020
$126,500

Average Salary in Mississauga

The average salary in Mississauga is $54,150, which is 0.6% lower than the Canadian average salary of $54,450. A person making $240,000 a year in Mississauga makes 343.2% more than the average working person in Mississauga and will take home about $149,993.
Net Annual Pay:
$149,993
Income tax breakdown
Hourly Salary:
$123.08
Salary breakdown

Cost of Living Calculator

Below are the details used to generate the average Cost of Living for Mississauga. Change the inputs to match your lifestyle and see how it compares to the average cost of living and a salary of $240,000.
Renter
Homeowner
Housing

Housing

The average monthly cost of rental housing in Mississauga is $2,172.
Product Avg. Min. Max.
Apartment (1 bedroom) in City Centre, Rent Per Month
$2,538
$2,400
$2,800
Apartment (1 bedroom) Outside of Centre, Rent Per Month
$2,172
$1,900
$2,500
Apartment (3 bedrooms) in City Centre, Rent Per Month
$3,700
$3,400
$5,000
Apartment (3 bedrooms) Outside of Centre, Rent Per Month
$3,264
$3,000
$4,500
Updated: 2024-11-01 (105 contributors in the last 12 months)
Transit
Driver
Transportation

Transportation

The average monthly cost for a driver in Mississauga is $628.
Product Avg. Min. Max.
Gasoline (1 liter), Transportation
$1.55
$1.40
$1.67
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
$28,545
$27,383
$32,000
Updated: 2024-11-01 (105 contributors in the last 12 months)
Groceries

Groceries

The average person spends $454 on groceries per month in Mississauga.
Product Avg. Min. Max.
Milk (regular), (1 liter), Markets
$2.89
$1.40
$5.28
Loaf of Fresh White Bread (500g), Markets
$3.33
$2.50
$4.00
Eggs (regular) (12), Markets
$4.72
$3.00
$7.00
Local Cheese (1kg), Markets
$21.60
$9.20
$35.00
Water (1.5 liter bottle), Markets
$2.16
$1.00
$3.99
Bottle of Wine (Mid-Range), Markets
$18.00
$11.00
$20.00
Domestic Beer (0.5 liter bottle), Markets
$3.39
$2.00
$4.50
Imported Beer (0.33 liter bottle), Markets
$3.70
$3.00
$5.00
Cigarettes 20 Pack (Marlboro), Markets
$15.50
$12.99
$20.00
Apples (1kg), Markets
$4.73
$2.18
$7.40
Chicken Fillets (1kg), Markets
$15.63
$10.00
$26.98
Oranges (1kg), Markets
$3.85
$2.20
$4.90
Potato (1kg), Markets
$1.90
$0.66
$4.00
Lettuce (1 head), Markets
$2.59
$1.99
$3.35
Rice (white), (1kg), Markets
$3.57
$2.00
$5.00
Tomato (1kg), Markets
$4.08
$2.00
$6.16
Banana (1kg), Markets
$1.53
$1.00
$2.29
Onion (1kg), Markets
$3.28
$1.10
$5.47
Beef Round (1kg) (or Equivalent Back Leg Red Meat), Markets
$20.47
$12.00
$27.54
Updated: 2024-11-01 (105 contributors in the last 12 months)
Utilities

Utilities

The average monthly cost of utilities in Mississauga is $184.
Product Avg. Min. Max.
Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment, Utilities (Monthly)
$243.34
$130.00
$400.00
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL), Utilities (Monthly)
$73.42
$60.00
$100.00
Mobile Phone Monthly Plan with Calls and 10GB+ Data, Utilities (Monthly)
$60.00
$30.00
$100.00
Updated: 2024-11-01 (105 contributors in the last 12 months)
Leisure & Entertainment

Leisure & Entertainment

The average person in Mississauga spends $147 on leisure & entertainment per month.
Product Avg. Min. Max.
Fitness Club, Monthly Fee for 1 Adult, Sports And Leisure
$57.00
$30.00
$100.00
Tennis Court Rent (1 Hour on Weekend), Sports And Leisure
$15.00
$30.00
Cinema, International Release, 1 Seat, Sports And Leisure
$18.00
$14.00
$20.00
Updated: 2024-11-01 (105 contributors in the last 12 months)
Clothing

Clothing

The average person in Mississauga spends $36 on clothing per month.
Product Avg. Min. Max.
1 Pair of Jeans (Levis 501 Or Similar), Clothing And Shoes
$65.91
$30.00
$130.00
1 Summer Dress in a Chain Store (Zara, H&M, ...), Clothing And Shoes
$61.88
$40.00
$80.00
1 Pair of Nike Running Shoes (Mid-Range), Clothing And Shoes
$104.00
$60.00
$175.00
1 Pair of Men Leather Business Shoes, Clothing And Shoes
$124.75
$80.00
$200.00
Updated: 2024-11-01 (105 contributors in the last 12 months)
Restaurants

Restaurants

The average person in Mississauga spends $317 on restaurants per month.
Product Avg. Min. Max.
Meal, Inexpensive Restaurant, Restaurants
$20.00
$15.00
$35.00
Meal for 2 People, Mid-range Restaurant, Three-course, Restaurants
$100.00
$60.00
$150.00
McMeal at McDonalds (or Equivalent Combo Meal), Restaurants
$15.00
$12.50
$20.00
Domestic Beer (0.5 liter draught), Restaurants
$7.50
$5.00
$10.00
Imported Beer (0.33 liter bottle), Restaurants
$7.00
$6.00
$9.00
Coke/Pepsi (0.33 liter bottle), Restaurants
$2.07
$1.00
$3.00
Water (0.33 liter bottle) , Restaurants
$1.86
$1.00
$3.00
Cappuccino (regular), Restaurants
$5.05
$3.00
$10.00
Updated: 2024-11-01 (105 contributors in the last 12 months)
Other

Other

The average person in Mississauga spends $150 on miscellaneous goods and services per month.
Product Avg. Min. Max.
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child, Childcare
$683
$500
$1,200
International Primary School, Yearly for 1 Child, Childcare
$15,000
$10,000
$20,000
Updated: 2024-11-01 (105 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 Mississauga 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
$4,088/month

Monthly net income of $240,000/year
$12,499/month

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Avg. Cost of Living $3,407
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87.29%
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87.18%
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Affordability Index
86.64%
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86.08%
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85.88%
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85.49%
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85.35%
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Affordability Index
85.22%
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84.09%
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82.92%
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Avg. Cost of Living $4,559
Affordability Index
81.48%
Avg. Salary $45,480
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Avg. Cost of Living $3,733
Affordability Index
81.39%
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Avg. Monthly Net pay $2,849
Avg. Cost of Living $3,568
Affordability Index
79.85%
Avg. Salary $44,360
Avg. Monthly Net pay $2,969
Avg. Cost of Living $3,839
Affordability Index
77.35%
Avg. Salary $39,120
Avg. Monthly Net pay $2,647
Avg. Cost of Living $3,459
Affordability Index
76.53%
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.
Rank City Avg. Salary Avg. Monthly Net pay Avg. Cost of Living Affordability Index
01
1
Oakville, Ontario $81,800 $5,075 $3,805
13336
133.36%
02
2
Aurora, Ontario $71,700 $4,495 $3,371
13334
133.34%
03
3
Deep River, Ontario $61,300 $3,938 $3,541
11121
111.22%
04
4
Burlington, Ontario $68,900 $4,331 $3,940
10991
109.92%
05
5
Newmarket, Ontario $57,000 $3,710 $3,386
10955
109.55%
06
6
Greater Sudbury, Ontario $55,450 $3,625 $3,309
10954
109.54%
07
7
Sault Ste. Marie, Ontario $49,680 $3,284 $3,016
10887
108.88%
08
8
Timmins, Ontario $55,100 $3,604 $3,322
10850
108.5%
09
9
East Gwillimbury, Ontario $59,950 $3,866 $3,575
10815
108.15%
10
10
Pickering, Ontario $60,050 $3,872 $3,589
10787
107.88%
11
11
Ottawa, Ontario $64,500 $4,108 $3,814
10771
107.72%
12
12
Marathon, Ontario $61,000 $3,922 $3,659
10719
107.2%
13
13
Kenora, Ontario $55,100 $3,604 $3,371
10692
106.92%
14
14
Waterloo, Ontario $60,250 $3,882 $3,653
10628
106.28%
15
15
Orangeville, Ontario $54,450 $3,567 $3,370
10583
105.84%
16
16
Sarnia, Ontario $54,050 $3,543 $3,383
10474
104.74%
17
17
Innisfil, Ontario $53,400 $3,506 $3,407
10289
102.9%
18
18
Oshawa, Ontario $48,960 $3,240 $3,160
10251
102.52%
19
19
Vaughan, Ontario $62,050 $3,978 $3,893
10218
102.19%
20
20
Thunder Bay, Ontario $51,000 $3,365 $3,299
10199
102%
21
21
Ajax, Ontario $54,300 $3,558 $3,504
10153
101.54%
22
22
Fort Frances, Ontario $52,900 $3,477 $3,424
10153
101.54%
23
23
Woodstock, Ontario $49,400 $3,267 $3,259
10023
100.23%
24
24
Kingston, Ontario $53,750 $3,526 $3,561
09901
99.02%
25
25
Arnprior, Ontario $49,560 $3,276 $3,309
09901
99.02%
26
26
New Tecumseth, Ontario $53,550 $3,514 $3,573
09836
98.36%
27
27
Toronto, Ontario $62,050 $3,978 $4,130
09632
96.32%
28
28
Cobourg, Ontario $52,000 $3,424 $3,556
09630
96.3%
29
29
Dryden, Ontario $52,850 $3,474 $3,659
09493
94.94%
30
30
Hamilton, Ontario $53,750 $3,526 $3,731
09450
94.51%
31
31
Guelph, Ontario $55,200 $3,610 $3,830
09426
94.26%
32
32
Stratford, Ontario $50,480 $3,333 $3,536
09425
94.26%
33
33
Brantford, Ontario $47,160 $3,141 $3,350
09377
93.77%
34
34
Hearst, Ontario $53,850 $3,532 $3,778
09348
93.48%
35
35
North Bay, Ontario $49,520 $3,274 $3,503
09346
93.46%
36
36
Fort Erie, Ontario $47,160 $3,141 $3,380
09294
92.94%
37
37
Timiskaming District, Ontario $49,720 $3,286 $3,544
09272
92.73%
38
38
Kapuskasing, Ontario $49,720 $3,286 $3,570
09205
92.05%
39
39
Cornwall, Ontario $41,280 $2,780 $3,029
09178
91.78%
40
40
London, Ontario $50,440 $3,331 $3,629
09177
91.77%
41
41
Kitchener, Ontario $51,950 $3,422 $3,742
09143
91.44%
42
42
Temiskaming Shores, Ontario $49,160 $3,252 $3,568
09113
91.14%
43
43
Whitby, Ontario $63,000 $4,028 $4,436
09080
90.8%
44
44
Goderich, Ontario $49,440 $3,269 $3,620
09030
90.31%
45
45
Atikokan, Ontario $49,920 $3,299 $3,659
09014
90.15%
46
46
Parry Sound, Ontario $44,080 $2,952 $3,297
08954
89.54%
47
47
Thorold, Ontario $46,000 $3,070 $3,429
08953
89.53%
48
48
Milton, Ontario $60,900 $3,917 $4,437
08828
88.28%
49
49
Cambridge, Ontario $51,450 $3,393 $3,845
08823
88.23%
50
50
Brockville, Ontario $46,200 $3,082 $3,502
08801
88.02%
51
51
St. Catharines, Ontario $47,560 $3,166 $3,604
08784
87.85%
52
52
Peterborough, Ontario $46,960 $3,129 $3,563
08782
87.82%
53
53
Port Colborne, Ontario $45,560 $3,043 $3,467
08777
87.77%
54
54
Markham, Ontario $53,950 $3,538 $4,035
08767
87.67%
55
55
St. Thomas, Ontario $46,280 $3,087 $3,537
08728
87.29%
56
56
Niagara Falls, Ontario $44,840 $2,999 $3,440
08717
87.18%
57
57
Tillsonburg, Ontario $47,080 $3,137 $3,620
08664
86.64%
58
58
Mississauga, Ontario $54,150 $3,549 $4,123
08608
86.08%
59
59
Barrie, Ontario $51,550 $3,398 $3,957
08588
85.88%
60
60
Midland, Ontario $45,160 $3,019 $3,531
08548
85.49%
61
61
Brampton, Ontario $45,400 $3,033 $3,554
08534
85.35%
62
62
Welland, Ontario $44,440 $2,974 $3,490
08522
85.22%
63
63
Windsor, Ontario $45,400 $3,033 $3,607
08409
84.09%
64
64
Belleville, Ontario $47,880 $3,186 $3,842
08291
82.92%
65
65
Richmond Hill, Ontario $57,100 $3,715 $4,559
08148
81.48%
66
66
Orillia, Ontario $45,480 $3,038 $3,733
08138
81.39%
67
67
Thessalon, Ontario $42,400 $2,849 $3,568
07984
79.85%
68
68
Owen Sound, Ontario $44,360 $2,969 $3,839
07734
77.35%
69
69
Elliot Lake, Ontario $39,120 $2,647 $3,459
07653
76.53%
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.