Is $62,000 a good salary in Summerford, Newfoundland and Labrador?

Is $62,000 a good salary in Summerford, Newfoundland and Labrador?

$62,000 is $24,000 more than the average yearly salary of $38,000 in Summerford. A salary of $62,000 per year means that you would be taking home about $45,862 per year after taxes, or $3,822 per month to pay for things like housing, transportation, groceries, and entertainment. The average household income in Summerford is $68,800.

Summerford, Newfoundland And Labrador
Updated: May 1, 2023

Average Cost of Living per Month in Summerford

The average cost of living in Summerford is $3,570/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
$3,570/month
Monthly net income of $62,000/year
$3,822/month
Average total income in 2020
$38,000
Average total household income in 2020
$68,800

Average Salary in Summerford

The average salary in Summerford is $38,000, which is 30.2% lower than the Canadian average salary of $54,450. A person making $62,000 a year in Summerford makes 63.2% more than the average working person in Summerford and will take home about $45,862.
Net Annual Pay:
$45,862
Income tax breakdown
Hourly Salary:
$31.79
Salary breakdown

Cost of Living Calculator

Below are the details used to generate the average Cost of Living for Summerford. Change the inputs to match your lifestyle and see how it compares to the average cost of living and a salary of $62,000.
Renter
Homeowner
Housing

Housing

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

Transportation

The average monthly cost for a driver in Summerford is $635.
Groceries

Groceries

The average person spends $502 on groceries per month in Summerford.
Utilities

Utilities

The average monthly cost of utilities in Summerford is $167.
Leisure & Entertainment

Leisure & Entertainment

The average person in Summerford spends $154 on leisure & entertainment per month.
Clothing

Clothing

The average person in Summerford spends $40 on clothing per month.
Restaurants

Restaurants

The average person in Summerford spends $343 on restaurants per month.
Other

Other

The average person in Summerford 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 Summerford 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
$3,570/month
Monthly net income of $62,000/year
$3,822/month

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