Median total family income in British Columbia | Statista (2024)

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Median total family income in British Columbia | Statista? ›

Median total family income in British Columbia 2001-2021

Income & wages

People in B.C. earn competitive wages and enjoy a high standard of living. Your income will depend on your education, experience and occupation. In 2021, the median family income in B.C. was $99,610.

The median income in Canada is $68,400, after taxes, according to Statistics Canada's income survey (2021). This means Canadians' average monthly take-home pay is $5,700.

Updated on Sept. 13 with the latest U.S. Census Bureau data. The national median household income is $74,580, according to the most recent U.S. Census Bureau Current Population Survey data for 2022. It's a 2.3% decline from 2021 estimates of $76,330.

The average salary in Vancouver is $62,250, which is 14.3% higher than the Canadian average salary of $54,450. A person making $100,000 a year in Vancouver makes 60.6% more than the average working person in Vancouver and will take home about $74,950.

A single person needs a yearly salary of $45,000 and up (after taxes) to live comfortably in Canada, while a family of four needs roughly $90,000 to $100,000. Factors will affect this, such as the lifestyle and region you live in.

In 2021, 21.2 percent of the Canadian population had an annual income of 100,000 Canadian dollars or more. Moreover, some 19 percent had an annual income between 60,000 and 79,999 Canadian dollars, representing the second largest group.

The average salary in Toronto is $62,050, which is 14% higher than the Canadian average salary of $54,450. A person making $70,000 a year in Toronto makes 12.8% more than the average working person in Toronto and will take home about $52,743.

Rising living costs in Canada can put a strain on even a $100k salary. Here's why: Increased expenses: While a six-figure income may seem substantial, high housing costs and soaring prices for essentials like groceries, utilities, and transportation can eat into your budget.

The average salary in Toronto is $62,050, which is 14% higher than the Canadian average salary of $54,450. A person making $120,000 a year in Toronto makes 93.4% more than the average working person in Toronto and will take home about $85,955.

Is 150K a good salary in Canada? ›

150K Salary in Ontario. $150,000 is the 75th percentile. Salaries above this are outliers. $159,000 is the 90th percentile.

According to the US Census Bureau, the majority of Americans (54.98%) make $50,000 per year or less, while only 18% of individual Americans make $100,000 per year or more. This means that over 80% of Americans make less than $100,000 per year.

Currently, middle class income in Canada is anything between $53,359 and $106,717 for individuals. Therefore, anyone with a salary within this range can consider themselves to be in the middle class.

If you make $70,000 a year living in the region of British Columbia, Canada, you will be taxed $19,208. That means that your net pay will be $50,792 per year, or $4,233 per month. Your average tax rate is 27.4% and your marginal tax rate is 28.2%.

The average salary in Vancouver is $62,250, which is 14.3% higher than the Canadian average salary of $54,450. A person making $120,000 a year in Vancouver makes 92.8% more than the average working person in Vancouver and will take home about $88,117.