Is $240,000 a good salary in North Bay, Ontario?
Is $240,000 a good salary in North Bay, Ontario?
$240,000 is $190,480 more than the average yearly salary of $49,520 in North Bay. 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 North Bay is $89,400.
Updated: November 1, 2024
Average Cost of Living per Month in North Bay
The average cost of living in North Bay is $3,517/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
$3,517/month
Monthly net income of $240,000/year
$12,499/month
Average total income in 2020
$49,520
Average total household income in 2020
$89,400
Average Salary in North Bay
The average salary in North Bay is $49,520, which is 9.1% lower than the Canadian average salary of $54,450. A person making $240,000 a year in North Bay makes 384.7% more than the average working person in North Bay and will take home about $149,993.
Cost of Living Calculator
Below are the details used to generate the average Cost of Living for North Bay. 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
The average monthly cost of rental housing in North Bay is $1,579.
Transit
Driver
Transportation
The average monthly cost for a driver in North Bay is $623.
Groceries
The average person spends $556 on groceries per month in North Bay.
Utilities
The average monthly cost of utilities in North Bay is $158.
Leisure & Entertainment
The average person in North Bay spends $128 on leisure & entertainment per month.
Clothing
The average person in North Bay spends $28 on clothing per month.
Restaurants
The average person in North Bay spends $295 on restaurants per month.
Other
The average person in North Bay 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 North Bay 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
$3,517/month
Monthly net income of $240,000/year
$12,499/month
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Email or share the results of the Cost of Living Calculator with yourself or others
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Affordability Index
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$59,950
Avg. Monthly Net pay
$3,866
Avg. Cost of Living
$3,575
Affordability Index
108.15%
Avg. Salary
$60,050
Avg. Monthly Net pay
$3,872
Avg. Cost of Living
$3,589
Affordability Index
107.88%
11.
Ottawa, Ontario
Avg. Salary
$64,500
Avg. Monthly Net pay
$4,108
Avg. Cost of Living
$3,814
Affordability Index
107.72%
Avg. Salary
$61,000
Avg. Monthly Net pay
$3,922
Avg. Cost of Living
$3,659
Affordability Index
107.2%
13.
Kenora, Ontario
Avg. Salary
$55,100
Avg. Monthly Net pay
$3,604
Avg. Cost of Living
$3,371
Affordability Index
106.92%
Avg. Salary
$60,250
Avg. Monthly Net pay
$3,882
Avg. Cost of Living
$3,653
Affordability Index
106.28%
Avg. Salary
$54,450
Avg. Monthly Net pay
$3,567
Avg. Cost of Living
$3,370
Affordability Index
105.84%
16.
Sarnia, Ontario
Avg. Salary
$54,050
Avg. Monthly Net pay
$3,543
Avg. Cost of Living
$3,383
Affordability Index
104.74%
Avg. Salary
$53,400
Avg. Monthly Net pay
$3,506
Avg. Cost of Living
$3,407
Affordability Index
102.9%
18.
Oshawa, Ontario
Avg. Salary
$48,960
Avg. Monthly Net pay
$3,240
Avg. Cost of Living
$3,160
Affordability Index
102.52%
19.
Vaughan, Ontario
Avg. Salary
$62,050
Avg. Monthly Net pay
$3,978
Avg. Cost of Living
$3,893
Affordability Index
102.19%
Avg. Salary
$51,000
Avg. Monthly Net pay
$3,365
Avg. Cost of Living
$3,299
Affordability Index
102%
21.
Ajax, Ontario
Avg. Salary
$54,300
Avg. Monthly Net pay
$3,558
Avg. Cost of Living
$3,504
Affordability Index
101.54%
Avg. Salary
$52,900
Avg. Monthly Net pay
$3,477
Avg. Cost of Living
$3,424
Affordability Index
101.54%
Avg. Salary
$49,400
Avg. Monthly Net pay
$3,267
Avg. Cost of Living
$3,259
Affordability Index
100.23%
Avg. Salary
$53,750
Avg. Monthly Net pay
$3,526
Avg. Cost of Living
$3,561
Affordability Index
99.02%
Avg. Salary
$49,560
Avg. Monthly Net pay
$3,276
Avg. Cost of Living
$3,309
Affordability Index
99.02%
Avg. Salary
$53,550
Avg. Monthly Net pay
$3,514
Avg. Cost of Living
$3,573
Affordability Index
98.36%
27.
Toronto, Ontario
Avg. Salary
$62,050
Avg. Monthly Net pay
$3,978
Avg. Cost of Living
$4,130
Affordability Index
96.32%
28.
Cobourg, Ontario
Avg. Salary
$52,000
Avg. Monthly Net pay
$3,424
Avg. Cost of Living
$3,556
Affordability Index
96.3%
29.
Dryden, Ontario
Avg. Salary
$52,850
Avg. Monthly Net pay
$3,474
Avg. Cost of Living
$3,659
Affordability Index
94.94%
Avg. Salary
$53,750
Avg. Monthly Net pay
$3,526
Avg. Cost of Living
$3,731
Affordability Index
94.51%
31.
Guelph, Ontario
Avg. Salary
$55,200
Avg. Monthly Net pay
$3,610
Avg. Cost of Living
$3,830
Affordability Index
94.26%
Avg. Salary
$50,480
Avg. Monthly Net pay
$3,333
Avg. Cost of Living
$3,536
Affordability Index
94.26%
Avg. Salary
$47,160
Avg. Monthly Net pay
$3,141
Avg. Cost of Living
$3,350
Affordability Index
93.77%
34.
Hearst, Ontario
Avg. Salary
$53,850
Avg. Monthly Net pay
$3,532
Avg. Cost of Living
$3,778
Affordability Index
93.48%
Avg. Salary
$49,520
Avg. Monthly Net pay
$3,274
Avg. Cost of Living
$3,503
Affordability Index
93.46%
Avg. Salary
$47,160
Avg. Monthly Net pay
$3,141
Avg. Cost of Living
$3,380
Affordability Index
92.94%
Avg. Salary
$49,720
Avg. Monthly Net pay
$3,286
Avg. Cost of Living
$3,544
Affordability Index
92.73%
Avg. Salary
$49,720
Avg. Monthly Net pay
$3,286
Avg. Cost of Living
$3,570
Affordability Index
92.05%
Avg. Salary
$41,280
Avg. Monthly Net pay
$2,780
Avg. Cost of Living
$3,029
Affordability Index
91.78%
40.
London, Ontario
Avg. Salary
$50,440
Avg. Monthly Net pay
$3,331
Avg. Cost of Living
$3,629
Affordability Index
91.77%
Avg. Salary
$51,950
Avg. Monthly Net pay
$3,422
Avg. Cost of Living
$3,742
Affordability Index
91.44%
Avg. Salary
$49,160
Avg. Monthly Net pay
$3,252
Avg. Cost of Living
$3,568
Affordability Index
91.14%
43.
Whitby, Ontario
Avg. Salary
$63,000
Avg. Monthly Net pay
$4,028
Avg. Cost of Living
$4,436
Affordability Index
90.8%
Avg. Salary
$49,440
Avg. Monthly Net pay
$3,269
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$3,620
Affordability Index
90.31%
Avg. Salary
$49,920
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$3,299
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$3,659
Affordability Index
90.15%
Avg. Salary
$44,080
Avg. Monthly Net pay
$2,952
Avg. Cost of Living
$3,297
Affordability Index
89.54%
47.
Thorold, Ontario
Avg. Salary
$46,000
Avg. Monthly Net pay
$3,070
Avg. Cost of Living
$3,429
Affordability Index
89.53%
48.
Milton, Ontario
Avg. Salary
$60,900
Avg. Monthly Net pay
$3,917
Avg. Cost of Living
$4,437
Affordability Index
88.28%
Avg. Salary
$51,450
Avg. Monthly Net pay
$3,393
Avg. Cost of Living
$3,845
Affordability Index
88.23%
Avg. Salary
$46,200
Avg. Monthly Net pay
$3,082
Avg. Cost of Living
$3,502
Affordability Index
88.02%
Avg. Salary
$47,560
Avg. Monthly Net pay
$3,166
Avg. Cost of Living
$3,604
Affordability Index
87.85%
Avg. Salary
$46,960
Avg. Monthly Net pay
$3,129
Avg. Cost of Living
$3,563
Affordability Index
87.82%
Avg. Salary
$45,560
Avg. Monthly Net pay
$3,043
Avg. Cost of Living
$3,467
Affordability Index
87.77%
54.
Markham, Ontario
Avg. Salary
$53,950
Avg. Monthly Net pay
$3,538
Avg. Cost of Living
$4,035
Affordability Index
87.67%
Avg. Salary
$46,280
Avg. Monthly Net pay
$3,087
Avg. Cost of Living
$3,537
Affordability Index
87.29%
Avg. Salary
$44,840
Avg. Monthly Net pay
$2,999
Avg. Cost of Living
$3,440
Affordability Index
87.18%
Avg. Salary
$47,080
Avg. Monthly Net pay
$3,137
Avg. Cost of Living
$3,620
Affordability Index
86.64%
Avg. Salary
$54,150
Avg. Monthly Net pay
$3,549
Avg. Cost of Living
$4,123
Affordability Index
86.08%
59.
Barrie, Ontario
Avg. Salary
$51,550
Avg. Monthly Net pay
$3,398
Avg. Cost of Living
$3,957
Affordability Index
85.88%
60.
Midland, Ontario
Avg. Salary
$45,160
Avg. Monthly Net pay
$3,019
Avg. Cost of Living
$3,531
Affordability Index
85.49%
Avg. Salary
$45,400
Avg. Monthly Net pay
$3,033
Avg. Cost of Living
$3,554
Affordability Index
85.35%
62.
Welland, Ontario
Avg. Salary
$44,440
Avg. Monthly Net pay
$2,974
Avg. Cost of Living
$3,490
Affordability Index
85.22%
63.
Windsor, Ontario
Avg. Salary
$45,400
Avg. Monthly Net pay
$3,033
Avg. Cost of Living
$3,607
Affordability Index
84.09%
Avg. Salary
$47,880
Avg. Monthly Net pay
$3,186
Avg. Cost of Living
$3,842
Affordability Index
82.92%
Avg. Salary
$57,100
Avg. Monthly Net pay
$3,715
Avg. Cost of Living
$4,559
Affordability Index
81.48%
66.
Orillia, Ontario
Avg. Salary
$45,480
Avg. Monthly Net pay
$3,038
Avg. Cost of Living
$3,733
Affordability Index
81.39%
Avg. Salary
$42,400
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.
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%
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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.
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.