how much do i need to earn to live comfortably in toronto?
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According to the site's calculations, a single person needs to make a minimum annual salary of $50,000 before taxes in order to live alone in the city.
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You Need About $143,000 to Live Comfortably in Washington, DC. To live comfortably in U.S. capital, you'll need to earn around $143,200 if you're paying a mortgage and $122,900 if you're renting.
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Houstonians need to take home $131,400 a year to live comfortably in the city, the study found. This salary would allow residents to spend: $65,700 on necessities a year.
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Originally Answered: What's a livable salary in Palo Alto? If you are willing to live with roommates, then $96K should be a livable salary. If you want to rent a whole 3BR house or condo, then you probably need a salary of about $250-$300K.
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It depends on what your definition of a comfortable lifestyle is. I assume you are an expat. If you want to save around S$1,500 and rent a complete condo/HDB, assuming you don't drink/smoke/opt for fine dining, you need a monthly salary of atleast S$6500.
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In San Antonio, the magic number to live comfortably is $46,238. In this scenario, $23,119 is required to pay yearly living expenses, leaving $15,967 for fun money and $9,248 for savings. By GoBankingRate's calculations, San Antonians are right on target.
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General guidelines usually say you are to spend no more than 1/4 of your income on rent or mortgage so that would mean one would have to earn $200,000 annually to live in S.F. to afford rent, assuming you could find an apartment at that price. 6K a month.
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Working in San Francisco A monthly income of $5,000 allows you to live in an average apartment and meet basic expenses each month while having money left over to save or use toward unexpected costs, such as car repairs or dental work. That amounts to $60,000 per year.
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GoBankingRates determined the "living wage" necessary to live comfortably in each US state. Some states, like New York, require an annual income of $95,724 to live comfortably. But the living wage for other states, like Mississippi, can be as low as $58,321.
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In Ontario, minimum wage workers across the province would have to make $27.34 an hour to afford a two-bedroom unit (that's almost double what they're earning right now). To afford a unit in Ontario, lower-income earners would need to work 78 hours a week.
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The cost of the above equates to £22,137.88. This means that before tax, and with basic bills and tax payments (note BASIC) you would need to earn somewhere in the region of £28,000-£29,000 to live a happy, comfortable life in London.
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A family of two adults and two children in the New York City metro area would need to earn an average combined income of $124,129 per year — or $10,344 a month — to live comfortably. Here's how the group breaks down that number: Housing: $1,789 per month. Food: $908 per month.
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You Need About $143,000 to Live Comfortably in Washington, DC. To live comfortably in U.S. capital, you'll need to earn around $143,200 if you're paying a mortgage and $122,900 if you're renting. That's an increase of 50.8% and 30.4%, respectively, since 2016. And it's not just rent that's increased.
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In general if you work full time (2000 hours per year) then $25 is a good wage for most cities in Canada. The exception may be locations in the lower main land of Vancouver or possiblly parts of Toronto, where the cost of living is higher than other centres.
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The recommended household income for a two-bedroom apartment is $65,800 a year, or $32 an hour. The “living wage,” or the minimum amount of money needed to live above the poverty threshold, in Seattle is $15.26 an hour for a full-time employed individual.
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That's $30,294 per year after taxes, which means that to live a reasonably comfortable life in New York City, a single person would need to make a salary of roughly $40,000 per year. This is a comfortable (though far from indulgent) budget.
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To live a comfortable and satisfying lifestyle in New York, even when you have roommates splitting the cost, a yearly income of $50,000 or more is ideal.