Is $20,000 a good salary in Terrace, British Columbia?
Is $20,000 a good salary in Terrace, British Columbia?
$20,000 is $34,400 less than the average yearly salary of $54,400 in Terrace. A salary of $20,000 per year means that you would be taking home about $18,435 per year after taxes, or $1,536 per month to pay for things like housing, transportation, groceries, and entertainment. The average household income in Terrace is $104,500.
Updated: August 1, 2024
Average Cost of Living per Month in Terrace
The average cost of living in Terrace is $3,591/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
$3,591/month
Monthly net income of $20,000/year
$1,536/month
Average total income in 2020
$54,400
Average total household income in 2020
$104,500
Average Salary in Terrace
The average salary in Terrace is $54,400, which is 0.1% lower than the Canadian average salary of $54,450. A person making $20,000 a year in Terrace makes 63.2% less than the average working person in Terrace and will take home about $18,435.
Cost of Living Calculator
Below are the details used to generate the average Cost of Living for Terrace. Change the inputs to match your lifestyle and see how it compares to the average cost of living and a salary of $20,000.
Renter
Homeowner
Housing
The average monthly cost of rental housing in Terrace is $1,579.
Transit
Driver
Transportation
The average monthly cost for a driver in Terrace is $711.
Groceries
The average person spends $506 on groceries per month in Terrace.
Utilities
The average monthly cost of utilities in Terrace is $116.
Leisure & Entertainment
The average person in Terrace spends $152 on leisure & entertainment per month.
Clothing
The average person in Terrace spends $27 on clothing per month.
Restaurants
The average person in Terrace spends $350 on restaurants per month.
Other
The average person in Terrace 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 Terrace 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
$3,591/month
Monthly net income of $20,000/year
$1,536/month
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$3,269
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$3,404
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$3,527
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$53,600
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$3,563
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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.
| Rank | City | Avg. Salary | Avg. Monthly Net pay | Avg. Cost of Living | Affordability Index |
|---|---|---|---|---|---|
|
01
1
|
Prince George, British Columbia | $55,150 | $3,655 | $3,108 |
11758
117.59%
|
|
02
2
|
Fort St. John, British Columbia | $63,400 | $4,107 | $3,515 |
11682
116.83%
|
|
03
3
|
Fernie, British Columbia | $62,900 | $4,080 | $3,591 |
11360
113.6%
|
|
04
4
|
White Rock, British Columbia | $64,100 | $4,145 | $3,690 |
11232
112.33%
|
|
05
5
|
Prince Rupert, British Columbia | $58,900 | $3,862 | $3,477 |
11108
111.09%
|
|
06
6
|
Dawson Creek, British Columbia | $55,450 | $3,672 | $3,448 |
10650
106.51%
|
|
07
7
|
Port Coquitlam, British Columbia | $54,150 | $3,595 | $3,468 |
10367
103.67%
|
|
08
8
|
Revelstoke, British Columbia | $52,750 | $3,512 | $3,404 |
10318
103.18%
|
|
09
9
|
Chilliwack, British Columbia | $49,720 | $3,333 | $3,262 |
10217
102.17%
|
|
10
10
|
Comox, British Columbia | $52,300 | $3,486 | $3,425 |
10177
101.77%
|
|
11
11
|
Smithers, British Columbia | $54,150 | $3,595 | $3,547 |
10136
101.36%
|
|
12
12
|
Terrace, British Columbia | $54,400 | $3,610 | $3,591 |
10053
100.53%
|
|
13
13
|
Gibsons, British Columbia | $52,050 | $3,471 | $3,453 |
10051
100.52%
|
|
14
14
|
Courtenay, British Columbia | $47,680 | $3,211 | $3,195 |
10051
100.51%
|
|
15
15
|
Penticton, British Columbia | $48,360 | $3,252 | $3,269 |
09948
99.49%
|
|
16
16
|
Vernon, British Columbia | $48,840 | $3,281 | $3,345 |
09807
98.08%
|
|
17
17
|
Kelowna, British Columbia | $54,900 | $3,640 | $3,738 |
09737
97.37%
|
|
18
18
|
Castlegar, British Columbia | $50,800 | $3,397 | $3,510 |
09677
96.78%
|
|
19
19
|
Cranbrook, British Columbia | $50,920 | $3,404 | $3,527 |
09651
96.51%
|
|
20
20
|
Kamloops, British Columbia | $53,600 | $3,563 | $3,696 |
09639
96.39%
|
|
21
21
|
Kimberley, British Columbia | $52,100 | $3,474 | $3,626 |
09580
95.8%
|
|
22
22
|
Salmon Arm, British Columbia | $48,360 | $3,252 | $3,396 |
09576
95.77%
|
|
23
23
|
North Vancouver, British Columbia | $62,450 | $4,055 | $4,274 |
09488
94.89%
|
|
24
24
|
Campbell River, British Columbia | $49,600 | $3,326 | $3,535 |
09408
94.08%
|
|
25
25
|
Langley, British Columbia | $48,880 | $3,283 | $3,506 |
09364
93.64%
|
|
26
26
|
New Westminster, British Columbia | $54,900 | $3,640 | $3,897 |
09339
93.4%
|
|
27
27
|
Nanaimo, British Columbia | $48,880 | $3,283 | $3,525 |
09313
93.14%
|
|
28
28
|
Nelson, British Columbia | $49,360 | $3,312 | $3,572 |
09270
92.71%
|
|
29
29
|
Abbotsford, British Columbia | $48,040 | $3,233 | $3,510 |
09211
92.12%
|
|
30
30
|
Armstrong, British Columbia | $47,440 | $3,197 | $3,471 |
09209
92.1%
|
|
31
31
|
Vancouver, British Columbia | $62,250 | $4,045 | $4,420 |
09150
91.51%
|
|
32
32
|
Williams Lake, British Columbia | $50,400 | $3,373 | $3,772 |
08942
89.43%
|
|
33
33
|
Victoria, British Columbia | $54,500 | $3,616 | $4,068 |
08889
88.89%
|
|
34
34
|
Quesnel, British Columbia | $48,280 | $3,248 | $3,656 |
08882
88.83%
|
|
35
35
|
Parksville, British Columbia | $44,880 | $3,039 | $3,437 |
08842
88.43%
|
|
36
36
|
Trail, British Columbia | $47,920 | $3,226 | $3,667 |
08797
87.98%
|
|
37
37
|
Richmond, British Columbia | $46,640 | $3,147 | $3,647 |
08630
86.3%
|
|
38
38
|
Powell River, British Columbia | $45,200 | $3,059 | $3,645 |
08392
83.92%
|
|
39
39
|
Port Alberni, British Columbia | $42,800 | $2,912 | $3,539 |
08226
82.27%
|
|
40
40
|
Surrey, British Columbia | $48,160 | $3,240 | $3,990 |
08121
81.21%
|
|
41
41
|
Coquitlam, British Columbia | $52,850 | $3,518 | $4,338 |
08110
81.1%
|
|
42
42
|
Burnaby, British Columbia | $51,500 | $3,438 | $4,312 |
07973
79.74%
|
|
43
43
|
Duncan, British Columbia | $40,600 | $2,776 | $3,553 |
07814
78.14%
|
|
44
44
|
Creston, British Columbia | $41,720 | $2,845 | $3,711 |
07666
76.67%
|
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.