Is $55,000 a good salary in New Tecumseth, Ontario?
Is $55,000 a good salary in New Tecumseth, Ontario?
$55,000 is $1,450 more than the average yearly salary of $53,550 in New Tecumseth. A salary of $55,000 per year means that you would be taking home about $43,183 per year after taxes, or $3,599 per month to pay for things like housing, transportation, groceries, and entertainment. The average household income in New Tecumseth is $114,900.
Updated: November 1, 2024
Average Cost of Living per Month in New Tecumseth
The average cost of living in New Tecumseth is $3,504/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
$3,504/month
Monthly net income of $55,000/year
$3,599/month
Average total income in 2020
$53,550
Average total household income in 2020
$114,900
Average Salary in New Tecumseth
The average salary in New Tecumseth is $53,550, which is 1.7% lower than the Canadian average salary of $54,450. A person making $55,000 a year in New Tecumseth makes 2.7% more than the average working person in New Tecumseth and will take home about $43,183.
Cost of Living Calculator
Below are the details used to generate the average Cost of Living for New Tecumseth. 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 New Tecumseth is $1,579.
Transit
Driver
Transportation
The average monthly cost for a driver in New Tecumseth is $628.
Groceries
The average person spends $454 on groceries per month in New Tecumseth.
Utilities
The average monthly cost of utilities in New Tecumseth is $184.
Leisure & Entertainment
The average person in New Tecumseth spends $156 on leisure & entertainment per month.
Clothing
The average person in New Tecumseth spends $36 on clothing per month.
Restaurants
The average person in New Tecumseth spends $317 on restaurants per month.
Other
The average person in New Tecumseth 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 Tecumseth 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
$3,504/month
Monthly net income of $55,000/year
$3,599/month
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