Is $50,000 a good salary in Newmarket, Ontario?
Is $50,000 a good salary in Newmarket, Ontario?
$50,000 is $7,000 less than the average yearly salary of $57,000 in Newmarket. A salary of $50,000 per year means that you would be taking home about $39,642 per year after taxes, or $3,303 per month to pay for things like housing, transportation, groceries, and entertainment. The average household income in Newmarket is $130,400.
Updated: December 1, 2024
Average Cost of Living per Month in Newmarket
The average cost of living in Newmarket is $3,430/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
$3,430/month
Monthly net income of $50,000/year
$3,303/month
Average total income in 2020
$57,000
Average total household income in 2020
$130,400
Average Salary in Newmarket
The average salary in Newmarket is $57,000, which is 4.7% higher than the Canadian average salary of $54,450. A person making $50,000 a year in Newmarket makes 12.3% less than the average working person in Newmarket and will take home about $39,642.
Cost of Living Calculator
Below are the details used to generate the average Cost of Living for Newmarket. Change the inputs to match your lifestyle and see how it compares to the average cost of living and a salary of $50,000.
Renter
Homeowner
Housing
The average monthly cost of rental housing in Newmarket is $1,579.
Transit
Driver
Transportation
The average monthly cost for a driver in Newmarket is $623.
Groceries
The average person spends $401 on groceries per month in Newmarket.
Utilities
The average monthly cost of utilities in Newmarket is $117.
Leisure & Entertainment
The average person in Newmarket spends $162 on leisure & entertainment per month.
Clothing
The average person in Newmarket spends $30 on clothing per month.
Restaurants
The average person in Newmarket spends $368 on restaurants per month.
Other
The average person in Newmarket 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 Newmarket 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
$3,430/month
Monthly net income of $50,000/year
$3,303/month
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