Is $220,000 a good salary in Wolfville, Nova Scotia?

Is $220,000 a good salary in Wolfville, Nova Scotia?

$220,000 is $176,240 more than the average yearly salary of $43,760 in Wolfville. A salary of $220,000 per year means that you would be taking home about $132,479 per year after taxes, or $11,040 per month to pay for things like housing, transportation, groceries, and entertainment. The average household income in Wolfville is $77,100.

Wolfville, Nova Scotia
Updated: November 1, 2024

Average Cost of Living per Month in Wolfville

The average cost of living in Wolfville is $3,443/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
$3,443/month
Monthly net income of $220,000/year
$11,040/month
Average total income in 2020
$43,760
Average total household income in 2020
$77,100

Average Salary in Wolfville

The average salary in Wolfville is $43,760, which is 19.6% lower than the Canadian average salary of $54,450. A person making $220,000 a year in Wolfville makes 402.7% more than the average working person in Wolfville and will take home about $132,479.
Net Annual Pay:
$132,479
Income tax breakdown
Hourly Salary:
$112.82
Salary breakdown

Cost of Living Calculator

Below are the details used to generate the average Cost of Living for Wolfville. Change the inputs to match your lifestyle and see how it compares to the average cost of living and a salary of $220,000.
Renter
Homeowner
Housing

Housing

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

Transportation

The average monthly cost for a driver in Wolfville is $633.
Groceries

Groceries

The average person spends $445 on groceries per month in Wolfville.
Utilities

Utilities

The average monthly cost of utilities in Wolfville is $121.
Leisure & Entertainment

Leisure & Entertainment

The average person in Wolfville spends $152 on leisure & entertainment per month.
Clothing

Clothing

The average person in Wolfville spends $38 on clothing per month.
Restaurants

Restaurants

The average person in Wolfville spends $325 on restaurants per month.
Other

Other

The average person in Wolfville 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 Wolfville 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
$3,443/month
Monthly net income of $220,000/year
$11,040/month

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Most affordable cities in Nova Scotia

1. Halifax, Nova Scotia
Avg. Salary $52,900
Avg. Monthly Net pay $3,279
Avg. Cost of Living $3,715
Affordability Index
88.26%
2. New Glasgow, Nova Scotia
Avg. Salary $45,280
Avg. Monthly Net pay $2,875
Avg. Cost of Living $3,472
Affordability Index
82.8%
3. Truro, Nova Scotia
Avg. Salary $41,840
Avg. Monthly Net pay $2,693
Avg. Cost of Living $3,297
Affordability Index
81.67%
4. Wolfville, Nova Scotia
Avg. Salary $43,760
Avg. Monthly Net pay $2,794
Avg. Cost of Living $3,443
Affordability Index
81.16%
5. Antigonish, Nova Scotia
Avg. Salary $42,360
Avg. Monthly Net pay $2,720
Avg. Cost of Living $3,476
Affordability Index
78.25%
6. Port Hawkesbury, Nova Scotia
Avg. Salary $42,040
Avg. Monthly Net pay $2,703
Avg. Cost of Living $3,497
Affordability Index
77.3%
7. Bridgewater, Nova Scotia
Avg. Salary $41,480
Avg. Monthly Net pay $2,673
Avg. Cost of Living $3,475
Affordability Index
76.93%
8. Amherst, Nova Scotia
Avg. Salary $40,640
Avg. Monthly Net pay $2,629
Avg. Cost of Living $3,461
Affordability Index
75.96%
9. Yarmouth, Nova Scotia
Avg. Salary $38,000
Avg. Monthly Net pay $2,489
Avg. Cost of Living $3,498
Affordability Index
71.15%
10. Digby, Nova Scotia
Avg. Salary $34,960
Avg. Monthly Net pay $2,328
Avg. Cost of Living $3,617
Affordability Index
64.36%
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.
Rank City Avg. Salary Avg. Monthly Net pay Avg. Cost of Living Affordability Index
01
1
 Halifax, Nova Scotia $52,900 $3,279 $3,715
08825
88.26%
02
2
 New Glasgow, Nova Scotia $45,280 $2,875 $3,472
08280
82.8%
03
3
 Truro, Nova Scotia $41,840 $2,693 $3,297
08166
81.67%
04
4
 Wolfville, Nova Scotia $43,760 $2,794 $3,443
08115
81.16%
05
5
 Antigonish, Nova Scotia $42,360 $2,720 $3,476
07825
78.25%
06
6
 Port Hawkesbury, Nova Scotia $42,040 $2,703 $3,497
07729
77.3%
07
7
 Bridgewater, Nova Scotia $41,480 $2,673 $3,475
07693
76.93%
08
8
 Amherst, Nova Scotia $40,640 $2,629 $3,461
07595
75.96%
09
9
 Yarmouth, Nova Scotia $38,000 $2,489 $3,498
07115
71.15%
10
10
 Digby, Nova Scotia $34,960 $2,328 $3,617
06435
64.36%
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.

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