Is $40,000 a good salary in Niagara Falls, Ontario?
Is $40,000 a good salary in Niagara Falls, Ontario?
$40,000 is $4,840 less than the average yearly salary of $44,840 in Niagara Falls. 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 Niagara Falls is $90,200.
Updated: November 1, 2024
Average Cost of Living per Month in Niagara Falls
The average cost of living in Niagara Falls is $3,440/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
$3,440/month
Monthly net income of $40,000/year
$2,701/month
Average total income in 2020
$44,840
Average total household income in 2020
$90,200
Average Salary in Niagara Falls
The average salary in Niagara Falls is $44,840, which is 17.6% lower than the Canadian average salary of $54,450. A person making $40,000 a year in Niagara Falls makes 10.8% less than the average working person in Niagara Falls and will take home about $32,417.
Cost of Living Calculator
Below are the details used to generate the average Cost of Living for Niagara Falls. 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
The average monthly cost of rental housing in Niagara Falls is $1,500.
Transit
Driver
Transportation
The average monthly cost for a driver in Niagara Falls is $624.
Groceries
The average person spends $478 on groceries per month in Niagara Falls.
Utilities
The average monthly cost of utilities in Niagara Falls is $175.
Leisure & Entertainment
The average person in Niagara Falls spends $137 on leisure & entertainment per month.
Clothing
The average person in Niagara Falls spends $39 on clothing per month.
Restaurants
The average person in Niagara Falls spends $337 on restaurants per month.
Other
The average person in Niagara Falls 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 Niagara Falls 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
$3,440/month
Monthly net income of $40,000/year
$2,701/month
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