Is $125,000 a good salary in New Glasgow, Nova Scotia?

Is $125,000 a good salary in New Glasgow, Nova Scotia?

$125,000 is $79,720 more than the average yearly salary of $45,280 in New Glasgow. A salary of $125,000 per year means that you would be taking home about $82,658 per year after taxes, or $6,888 per month to pay for things like housing, transportation, groceries, and entertainment. The average household income in New Glasgow is $77,200.

New Glasgow, Nova Scotia
Updated: November 1, 2024

Average Cost of Living per Month in New Glasgow

The average cost of living in New Glasgow is $3,545/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
$3,545/month
Monthly net income of $125,000/year
$6,888/month
Average total income in 2020
$45,280
Average total household income in 2020
$77,200

Average Salary in New Glasgow

The average salary in New Glasgow is $45,280, which is 16.8% lower than the Canadian average salary of $54,450. A person making $125,000 a year in New Glasgow makes 176.1% more than the average working person in New Glasgow and will take home about $82,658.
Net Annual Pay:
$82,658
Income tax breakdown
Hourly Salary:
$64.10
Salary breakdown

Cost of Living Calculator

Below are the details used to generate the average Cost of Living for New Glasgow. Change the inputs to match your lifestyle and see how it compares to the average cost of living and a salary of $125,000.
Renter
Homeowner
Housing

Housing

The average monthly cost of rental housing in New Glasgow is $1,579.
Transit
Driver
Transportation

Transportation

The average monthly cost for a driver in New Glasgow is $628.
Groceries

Groceries

The average person spends $512 on groceries per month in New Glasgow.
Utilities

Utilities

The average monthly cost of utilities in New Glasgow is $201.
Leisure & Entertainment

Leisure & Entertainment

The average person in New Glasgow spends $143 on leisure & entertainment per month.
Clothing

Clothing

The average person in New Glasgow spends $37 on clothing per month.
Restaurants

Restaurants

The average person in New Glasgow spends $295 on restaurants per month.
Other

Other

The average person in New Glasgow 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 New Glasgow 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
$3,545/month
Monthly net income of $125,000/year
$6,888/month

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Most affordable cities in Nova Scotia

1. Halifax, Nova Scotia
Avg. Salary $52,900
Avg. Monthly Net pay $3,279
Avg. Cost of Living $3,715
Affordability Index
88.26%
2. New Glasgow, Nova Scotia
Avg. Salary $45,280
Avg. Monthly Net pay $2,875
Avg. Cost of Living $3,472
Affordability Index
82.8%
3. Truro, Nova Scotia
Avg. Salary $41,840
Avg. Monthly Net pay $2,693
Avg. Cost of Living $3,297
Affordability Index
81.67%
4. Wolfville, Nova Scotia
Avg. Salary $43,760
Avg. Monthly Net pay $2,794
Avg. Cost of Living $3,443
Affordability Index
81.16%
5. Antigonish, Nova Scotia
Avg. Salary $42,360
Avg. Monthly Net pay $2,720
Avg. Cost of Living $3,476
Affordability Index
78.25%
6. Port Hawkesbury, Nova Scotia
Avg. Salary $42,040
Avg. Monthly Net pay $2,703
Avg. Cost of Living $3,497
Affordability Index
77.3%
7. Bridgewater, Nova Scotia
Avg. Salary $41,480
Avg. Monthly Net pay $2,673
Avg. Cost of Living $3,475
Affordability Index
76.93%
8. Amherst, Nova Scotia
Avg. Salary $40,640
Avg. Monthly Net pay $2,629
Avg. Cost of Living $3,461
Affordability Index
75.96%
9. Yarmouth, Nova Scotia
Avg. Salary $38,000
Avg. Monthly Net pay $2,489
Avg. Cost of Living $3,498
Affordability Index
71.15%
10. Digby, Nova Scotia
Avg. Salary $34,960
Avg. Monthly Net pay $2,328
Avg. Cost of Living $3,617
Affordability Index
64.36%
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
 Halifax, Nova Scotia $52,900 $3,279 $3,715
08825
88.26%
02
2
 New Glasgow, Nova Scotia $45,280 $2,875 $3,472
08280
82.8%
03
3
 Truro, Nova Scotia $41,840 $2,693 $3,297
08166
81.67%
04
4
 Wolfville, Nova Scotia $43,760 $2,794 $3,443
08115
81.16%
05
5
 Antigonish, Nova Scotia $42,360 $2,720 $3,476
07825
78.25%
06
6
 Port Hawkesbury, Nova Scotia $42,040 $2,703 $3,497
07729
77.3%
07
7
 Bridgewater, Nova Scotia $41,480 $2,673 $3,475
07693
76.93%
08
8
 Amherst, Nova Scotia $40,640 $2,629 $3,461
07595
75.96%
09
9
 Yarmouth, Nova Scotia $38,000 $2,489 $3,498
07115
71.15%
10
10
 Digby, Nova Scotia $34,960 $2,328 $3,617
06435
64.36%
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.

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