Is $40,000 a good salary in Summerside, Prince Edward Island?
Is $40,000 a good salary in Summerside, Prince Edward Island?
$40,000 is $3,000 less than the average yearly salary of $43,000 in Summerside. A salary of $40,000 per year means that you would be taking home about $31,566 per year after taxes, or $2,631 per month to pay for things like housing, transportation, groceries, and entertainment. The average household income in Summerside is $78,200.
Updated: November 1, 2024
Average Cost of Living per Month in Summerside
The average cost of living in Summerside 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 $40,000/year
$2,631/month
Average total income in 2020
$43,000
Average total household income in 2020
$78,200
Average Salary in Summerside
The average salary in Summerside is $43,000, which is 21% lower than the Canadian average salary of $54,450. A person making $40,000 a year in Summerside makes 7% less than the average working person in Summerside and will take home about $31,566.
Cost of Living Calculator
Below are the details used to generate the average Cost of Living for Summerside. 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 Summerside is $1,579.
Transit
Driver
Transportation
The average monthly cost for a driver in Summerside is $636.
Groceries
The average person spends $449 on groceries per month in Summerside.
Utilities
The average monthly cost of utilities in Summerside is $149.
Leisure & Entertainment
The average person in Summerside spends $129 on leisure & entertainment per month.
Clothing
The average person in Summerside spends $32 on clothing per month.
Restaurants
The average person in Summerside spends $306 on restaurants per month.
Other
The average person in Summerside 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 Summerside 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 $40,000/year
$2,631/month
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Jobs paying $40,000+/year
island respiratory specialists inc
Summerside, PE
$22.00 - $26.00 / hour
Full-time
2 days ago
Jump Recruitment Specialists
-
40 Jobs
Summerside, PE
$40.00 - $45.00 / hour
Full-time
2 days ago
Most affordable cities in Prince Edward Island
Avg. Salary
$46,160
Avg. Monthly Net pay
$2,967
Avg. Cost of Living
$3,320
Affordability Index
89.37%
Avg. Salary
$43,000
Avg. Monthly Net pay
$2,794
Avg. Cost of Living
$3,373
Affordability Index
82.84%
Avg. Salary
$43,440
Avg. Monthly Net pay
$2,818
Avg. Cost of Living
$3,461
Affordability Index
81.43%
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
|
Charlottetown, Prince Edward Island | $46,160 | $2,967 | $3,320 |
08936
89.37%
|
|
02
2
|
Summerside, Prince Edward Island | $43,000 | $2,794 | $3,373 |
08284
82.84%
|
|
03
3
|
Kensington, Prince Edward Island | $43,440 | $2,818 | $3,461 |
08143
81.43%
|
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.