$115,000 is $61,050 more than the average yearly salary of $53,950 in Markham. A salary of $115,000 per year means that you would be taking home about $83,125 per year after taxes, or $6,927 per month to pay for things like housing, transportation, groceries, and entertainment. The average household income in Markham is $130,800.
Updated: September 1, 2024
Average Cost of Living per Month in Markham
The average cost of living in Markham is $4,030/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
$4,030/month
Monthly net income of $115,000/year
$6,927/month
Average total income in 2020
$53,950
Average total household income in 2020
$130,800
Average Salary in Markham
The average salary in Markham is $53,950, which is 0.9% lower than the Canadian average salary of $54,450. A person making $115,000 a year in Markham makes 113.2% more than the average working person in Markham and will take home about $83,125.
Below are the details used to generate the average Cost of Living for Markham. Change the inputs to match your lifestyle and see how it compares to the average cost of living and a salary of $115,000.
Renter
Homeowner
Housing
The average monthly cost of rental housing in Markham is $2,200.
Avg.$2,200
$0$5,000
Renter
Homeowner
Housing
The average monthly cost of owned housing in Markham is $2,740.
Avg.$2,740
$0$5,000
Transit
Driver
Transportation
The average monthly cost on public transit in Markham is $356.
Avg.$356
$0$1,000
Transit
Driver
Transportation
The average monthly cost for a driver in Markham is $623.
Avg.$623
$0$1,000
Groceries
The average person spends $389 on groceries per month in Markham.
Avg.$389
$0$1,500
Utilities
The average monthly cost of utilities in Markham is $193.
Avg.$193
$0$600
Leisure & Entertainment
The average person in Markham spends $151 on leisure & entertainment per month.
Avg.$151
$0$1,000
Clothing
The average person in Markham spends $30 on clothing per month.
Avg.$30
$0$500
Restaurants
The average person in Markham spends $294 on restaurants per month.
Avg.$294
$0$1,000
Other
The average person in Markham spends $150 on miscellaneous goods and services per month.
Avg.$150
$0$2,000
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 Markham 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
$4,030/month
Monthly net income of $115,000/year
$6,927/month
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