Is $245,000 a good salary in Victoria, British Columbia?
Is $245,000 a good salary in Victoria, British Columbia?
$245,000 is $190,500 more than the average yearly salary of $54,500 in Victoria. A salary of $245,000 per year means that you would be taking home about $159,079 per year after taxes, or $13,257 per month to pay for things like housing, transportation, groceries, and entertainment. The average household income in Victoria is $86,400.
Updated: October 1, 2024
Average Cost of Living per Month in Victoria
The average cost of living in Victoria is $4,068/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
$4,068/month
Monthly net income of $245,000/year
$13,257/month
Average total income in 2020
$54,500
Average total household income in 2020
$86,400
Average Salary in Victoria
The average salary in Victoria is $54,500, which is 0.1% higher than the Canadian average salary of $54,450. A person making $245,000 a year in Victoria makes 349.5% more than the average working person in Victoria and will take home about $159,079.
Cost of Living Calculator
Below are the details used to generate the average Cost of Living for Victoria. Change the inputs to match your lifestyle and see how it compares to the average cost of living and a salary of $245,000.
Renter
Homeowner
Housing
The average monthly cost of rental housing in Victoria is $1,876.
| Product | Avg. | Min. | Max. |
|---|---|---|---|
|
Apartment (1 bedroom) in City Centre, Rent Per Month
|
$2,158
|
$1,800
|
$2,650
|
|
Apartment (1 bedroom) Outside of Centre, Rent Per Month
|
$1,876
|
$1,600
|
$2,499
|
|
Apartment (3 bedrooms) in City Centre, Rent Per Month
|
$4,065
|
$3,200
|
$5,000
|
|
Apartment (3 bedrooms) Outside of Centre, Rent Per Month
|
$3,418
|
$2,800
|
$4,000
|
Updated: 2024-10-01 (135 contributors in the last 12 months)
Transit
Driver
Transportation
The average monthly cost for a driver in Victoria is $671.
| Product | Avg. | Min. | Max. |
|---|---|---|---|
|
Gasoline (1 liter), Transportation
|
$1.91
|
$1.64
|
$2.09
|
|
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car), Transportation
|
$33,978
|
$33,978
|
$40,000
|
|
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car), Transportation
|
$28,877
|
$27,383
|
$32,000
|
Updated: 2024-10-01 (135 contributors in the last 12 months)
Groceries
The average person spends $605 on groceries per month in Victoria.
| Product | Avg. | Min. | Max. |
|---|---|---|---|
|
Milk (regular), (1 liter), Markets
|
$4.08
|
$2.50
|
$6.00
|
|
Loaf of Fresh White Bread (500g), Markets
|
$4.79
|
$2.76
|
$7.71
|
|
Eggs (regular) (12), Markets
|
$5.90
|
$4.00
|
$7.80
|
|
Local Cheese (1kg), Markets
|
$18.64
|
$10.00
|
$50.00
|
|
Water (1.5 liter bottle), Markets
|
$2.72
|
$1.50
|
$5.75
|
|
Bottle of Wine (Mid-Range), Markets
|
$22.00
|
$15.00
|
$30.00
|
|
Domestic Beer (0.5 liter bottle), Markets
|
$4.11
|
$2.50
|
$6.92
|
|
Imported Beer (0.33 liter bottle), Markets
|
$5.74
|
$2.41
|
$9.00
|
|
Cigarettes 20 Pack (Marlboro), Markets
|
$20.00
|
$18.00
|
$23.00
|
|
Apples (1kg), Markets
|
$6.36
|
$4.00
|
$8.00
|
|
Chicken Fillets (1kg), Markets
|
$22.12
|
$10.00
|
$30.00
|
|
Oranges (1kg), Markets
|
$6.23
|
$4.34
|
$10.00
|
|
Potato (1kg), Markets
|
$5.57
|
$2.00
|
$6.61
|
|
Lettuce (1 head), Markets
|
$3.81
|
$2.50
|
$5.00
|
|
Rice (white), (1kg), Markets
|
$6.85
|
$3.00
|
$12.00
|
|
Tomato (1kg), Markets
|
$7.43
|
$4.99
|
$10.00
|
|
Banana (1kg), Markets
|
$2.15
|
$1.50
|
$4.00
|
|
Onion (1kg), Markets
|
$4.62
|
$3.50
|
$6.00
|
|
Beef Round (1kg) (or Equivalent Back Leg Red Meat), Markets
|
$21.42
|
$10.00
|
$33.00
|
Updated: 2024-10-01 (135 contributors in the last 12 months)
Utilities
The average monthly cost of utilities in Victoria is $175.
| Product | Avg. | Min. | Max. |
|---|---|---|---|
|
Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment, Utilities (Monthly)
|
$201.14
|
$130.00
|
$300.00
|
|
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL), Utilities (Monthly)
|
$106.67
|
$80.00
|
$160.00
|
|
Mobile Phone Monthly Plan with Calls and 10GB+ Data, Utilities (Monthly)
|
$68.00
|
$40.00
|
$95.00
|
Updated: 2024-10-01 (135 contributors in the last 12 months)
Leisure & Entertainment
The average person in Victoria spends $171 on leisure & entertainment per month.
| Product | Avg. | Min. | Max. |
|---|---|---|---|
|
Fitness Club, Monthly Fee for 1 Adult, Sports And Leisure
|
$74.24
|
$40.00
|
$125.00
|
|
Tennis Court Rent (1 Hour on Weekend), Sports And Leisure
|
$22.80
|
$13.00
|
$29.00
|
|
Cinema, International Release, 1 Seat, Sports And Leisure
|
$16.00
|
$14.95
|
$18.00
|
Updated: 2024-10-01 (135 contributors in the last 12 months)
Clothing
The average person in Victoria spends $44 on clothing per month.
| Product | Avg. | Min. | Max. |
|---|---|---|---|
|
1 Pair of Jeans (Levis 501 Or Similar), Clothing And Shoes
|
$89.29
|
$70.00
|
$120.00
|
|
1 Summer Dress in a Chain Store (Zara, H&M, ...), Clothing And Shoes
|
$57.11
|
$40.00
|
$70.00
|
|
1 Pair of Nike Running Shoes (Mid-Range), Clothing And Shoes
|
$124.25
|
$80.00
|
$150.99
|
|
1 Pair of Men Leather Business Shoes, Clothing And Shoes
|
$167.92
|
$120.00
|
$229.00
|
Updated: 2024-10-01 (135 contributors in the last 12 months)
Restaurants
The average person in Victoria spends $376 on restaurants per month.
| Product | Avg. | Min. | Max. |
|---|---|---|---|
|
Meal, Inexpensive Restaurant, Restaurants
|
$25.50
|
$14.00
|
$45.00
|
|
Meal for 2 People, Mid-range Restaurant, Three-course, Restaurants
|
$120.00
|
$90.00
|
$150.00
|
|
McMeal at McDonalds (or Equivalent Combo Meal), Restaurants
|
$14.50
|
$12.00
|
$15.00
|
|
Domestic Beer (0.5 liter draught), Restaurants
|
$8.00
|
$5.00
|
$12.00
|
|
Imported Beer (0.33 liter bottle), Restaurants
|
$9.00
|
$7.00
|
$13.00
|
|
Coke/Pepsi (0.33 liter bottle), Restaurants
|
$3.18
|
$2.50
|
$4.00
|
|
Water (0.33 liter bottle) , Restaurants
|
$2.75
|
$2.00
|
$3.40
|
|
Cappuccino (regular), Restaurants
|
$5.36
|
$3.75
|
$8.00
|
Updated: 2024-10-01 (135 contributors in the last 12 months)
Other
The average person in Victoria spends $150 on miscellaneous goods and services per month.
| Product | Avg. | Min. | Max. |
|---|---|---|---|
|
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child, Childcare
|
$1,025
|
$800
|
$1,200
|
|
International Primary School, Yearly for 1 Child, Childcare
|
$18,000
|
$11,000
|
$25,000
|
Updated: 2024-10-01 (135 contributors in the last 12 months)
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 Victoria 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
$4,068/month
Monthly net income of $245,000/year
$13,257/month
Share your results
Email or share the results of the Cost of Living Calculator with yourself or others
Most affordable cities in British Columbia
Avg. Salary
$55,150
Avg. Monthly Net pay
$3,655
Avg. Cost of Living
$3,108
Affordability Index
117.59%
Avg. Salary
$63,400
Avg. Monthly Net pay
$4,107
Avg. Cost of Living
$3,515
Affordability Index
116.83%
Avg. Salary
$62,900
Avg. Monthly Net pay
$4,080
Avg. Cost of Living
$3,591
Affordability Index
113.6%
Avg. Salary
$64,100
Avg. Monthly Net pay
$4,145
Avg. Cost of Living
$3,690
Affordability Index
112.33%
Avg. Salary
$58,900
Avg. Monthly Net pay
$3,862
Avg. Cost of Living
$3,477
Affordability Index
111.09%
Avg. Salary
$55,450
Avg. Monthly Net pay
$3,672
Avg. Cost of Living
$3,448
Affordability Index
106.51%
Avg. Salary
$54,150
Avg. Monthly Net pay
$3,595
Avg. Cost of Living
$3,468
Affordability Index
103.67%
Avg. Salary
$52,750
Avg. Monthly Net pay
$3,512
Avg. Cost of Living
$3,404
Affordability Index
103.18%
Avg. Salary
$49,720
Avg. Monthly Net pay
$3,333
Avg. Cost of Living
$3,262
Affordability Index
102.17%
Avg. Salary
$52,300
Avg. Monthly Net pay
$3,486
Avg. Cost of Living
$3,425
Affordability Index
101.77%
Avg. Salary
$54,150
Avg. Monthly Net pay
$3,595
Avg. Cost of Living
$3,547
Affordability Index
101.36%
Avg. Salary
$54,400
Avg. Monthly Net pay
$3,610
Avg. Cost of Living
$3,591
Affordability Index
100.53%
Avg. Salary
$52,050
Avg. Monthly Net pay
$3,471
Avg. Cost of Living
$3,453
Affordability Index
100.52%
Avg. Salary
$47,680
Avg. Monthly Net pay
$3,211
Avg. Cost of Living
$3,195
Affordability Index
100.51%
Avg. Salary
$48,360
Avg. Monthly Net pay
$3,252
Avg. Cost of Living
$3,269
Affordability Index
99.49%
Avg. Salary
$48,840
Avg. Monthly Net pay
$3,281
Avg. Cost of Living
$3,345
Affordability Index
98.08%
Avg. Salary
$54,900
Avg. Monthly Net pay
$3,640
Avg. Cost of Living
$3,738
Affordability Index
97.37%
Avg. Salary
$50,800
Avg. Monthly Net pay
$3,397
Avg. Cost of Living
$3,510
Affordability Index
96.78%
Avg. Salary
$50,920
Avg. Monthly Net pay
$3,404
Avg. Cost of Living
$3,527
Affordability Index
96.51%
Avg. Salary
$53,600
Avg. Monthly Net pay
$3,563
Avg. Cost of Living
$3,696
Affordability Index
96.39%
Avg. Salary
$52,100
Avg. Monthly Net pay
$3,474
Avg. Cost of Living
$3,626
Affordability Index
95.8%
Avg. Salary
$48,360
Avg. Monthly Net pay
$3,252
Avg. Cost of Living
$3,396
Affordability Index
95.77%
Avg. Salary
$62,450
Avg. Monthly Net pay
$4,055
Avg. Cost of Living
$4,274
Affordability Index
94.89%
Avg. Salary
$49,600
Avg. Monthly Net pay
$3,326
Avg. Cost of Living
$3,535
Affordability Index
94.08%
Avg. Salary
$48,880
Avg. Monthly Net pay
$3,283
Avg. Cost of Living
$3,506
Affordability Index
93.64%
Avg. Salary
$54,900
Avg. Monthly Net pay
$3,640
Avg. Cost of Living
$3,897
Affordability Index
93.4%
Avg. Salary
$48,880
Avg. Monthly Net pay
$3,283
Avg. Cost of Living
$3,525
Affordability Index
93.14%
Avg. Salary
$49,360
Avg. Monthly Net pay
$3,312
Avg. Cost of Living
$3,572
Affordability Index
92.71%
Avg. Salary
$48,040
Avg. Monthly Net pay
$3,233
Avg. Cost of Living
$3,510
Affordability Index
92.12%
Avg. Salary
$47,440
Avg. Monthly Net pay
$3,197
Avg. Cost of Living
$3,471
Affordability Index
92.1%
Avg. Salary
$62,250
Avg. Monthly Net pay
$4,045
Avg. Cost of Living
$4,420
Affordability Index
91.51%
Avg. Salary
$50,400
Avg. Monthly Net pay
$3,373
Avg. Cost of Living
$3,772
Affordability Index
89.43%
Avg. Salary
$54,500
Avg. Monthly Net pay
$3,616
Avg. Cost of Living
$4,068
Affordability Index
88.89%
Avg. Salary
$48,280
Avg. Monthly Net pay
$3,248
Avg. Cost of Living
$3,656
Affordability Index
88.83%
Avg. Salary
$44,880
Avg. Monthly Net pay
$3,039
Avg. Cost of Living
$3,437
Affordability Index
88.43%
Avg. Salary
$47,920
Avg. Monthly Net pay
$3,226
Avg. Cost of Living
$3,667
Affordability Index
87.98%
Avg. Salary
$46,640
Avg. Monthly Net pay
$3,147
Avg. Cost of Living
$3,647
Affordability Index
86.3%
Avg. Salary
$45,200
Avg. Monthly Net pay
$3,059
Avg. Cost of Living
$3,645
Affordability Index
83.92%
Avg. Salary
$42,800
Avg. Monthly Net pay
$2,912
Avg. Cost of Living
$3,539
Affordability Index
82.27%
Avg. Salary
$48,160
Avg. Monthly Net pay
$3,240
Avg. Cost of Living
$3,990
Affordability Index
81.21%
Avg. Salary
$52,850
Avg. Monthly Net pay
$3,518
Avg. Cost of Living
$4,338
Affordability Index
81.1%
Avg. Salary
$51,500
Avg. Monthly Net pay
$3,438
Avg. Cost of Living
$4,312
Affordability Index
79.74%
Avg. Salary
$40,600
Avg. Monthly Net pay
$2,776
Avg. Cost of Living
$3,553
Affordability Index
78.14%
Avg. Salary
$41,720
Avg. Monthly Net pay
$2,845
Avg. Cost of Living
$3,711
Affordability Index
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.
| 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.