Is $92,000 a good salary in Markham, Ontario?

Is $92,000 a good salary in Markham, Ontario?

$92,000 is $38,050 more than the average yearly salary of $53,950 in Markham. A salary of $92,000 per year means that you would be taking home about $68,070 per year after taxes, or $5,672 per month to pay for things like housing, transportation, groceries, and entertainment. The average household income in Markham is $130,800.

Markham, Ontario
Updated: July 1, 2024

Average Cost of Living per Month in Markham

The average cost of living in Markham is $4,031/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
$4,031/month

Monthly net income of $92,000/year
$5,672/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 $92,000 a year in Markham makes 70.5% more than the average working person in Markham and will take home about $68,070.
Net Annual Pay:
$68,070
Income tax breakdown
Hourly Salary:
$47.18
Salary breakdown

Cost of Living Calculator

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 $92,000.
Renter
Homeowner
Housing

Housing

The average monthly cost of rental housing in Markham is $2,200.
Transit
Driver
Transportation

Transportation

The average monthly cost for a driver in Markham is $623.
Groceries

Groceries

The average person spends $388 on groceries per month in Markham.
Utilities

Utilities

The average monthly cost of utilities in Markham is $193.
Leisure & Entertainment

Leisure & Entertainment

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

Clothing

The average person in Markham spends $30 on clothing per month.
Restaurants

Restaurants

The average person in Markham spends $295 on restaurants per month.
Other

Other

The average person in Markham 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 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
$4,031/month

Monthly net income of $92,000/year
$5,672/month

Jobs in Markham