![]() ![]() It equates to a $49,240 yearly salary based on a 40-hour workweek. This is according to a research by the Ontario Living Wage Network. For instance, the current living wage in Toronto is $23.15 per hour for a single worker. ![]() Yet, middle-class income in Canada might vary by region and profession. Therefore, anyone earning in this range of wages can classify themselves as middle-class. Middle-Class Income in Canada For a Single PersonĬanada’s middle-class income currently ranges from $33,000 to $130,000. You can live comfortably and experience some degree of financial stability with this salary.Īccording to Statistics Canada, the top 10% of income earners in Canada had a median income of $132,300 or more in 2020. So, what does the upper middle class in Canada earn? To put it simply, it’s when your income is higher than the median income for the country but lower than that of the top 10% of earners. What is Considered Upper Middle-Class Income in Canada? As well as some discretionary expenditures on entertainment and vacations.Īccording to a report by Nanos Research for The Globe and Mail, a majority of Canadians (78%) consider themselves to be middle class, while 22% consider themselves to be out of this socio-economic class. In general, a middle-class income in Canada is one that allows families or individuals to afford basic essentials like housing, food, and healthcare. FAQs What is Middle-Class Income in Canada?ĭefining middle-class income in Canada varies depending on location, family size and occupation. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |