Is $88,000 a good salary in Stratford, Ontario?

Is $88,000 a good salary in Stratford, Ontario?

$88,000 is $37,520 more than the average yearly salary of $50,480 in Stratford. A salary of $88,000 per year means that you would be taking home about $65,256 per year after taxes, or $5,438 per month to pay for things like housing, transportation, groceries, and entertainment. The average household income in Stratford is $92,700.

Stratford, Ontario
Updated: October 1, 2024

Average Cost of Living per Month in Stratford

The average cost of living in Stratford is $3,536/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
$3,536/month

Monthly net income of $88,000/year
$5,438/month
Average total income in 2020
$50,480

Average total household income in 2020
$92,700

Average Salary in Stratford

The average salary in Stratford is $50,480, which is 7.3% lower than the Canadian average salary of $54,450. A person making $88,000 a year in Stratford makes 74.3% more than the average working person in Stratford and will take home about $65,256.
Net Annual Pay:
$65,256
Income tax breakdown
Hourly Salary:
$45.13
Salary breakdown

Cost of Living Calculator

Below are the details used to generate the average Cost of Living for Stratford. Change the inputs to match your lifestyle and see how it compares to the average cost of living and a salary of $88,000.
Renter
Homeowner
Housing

Housing

The average monthly cost of rental housing in Stratford is $1,579.
Transit
Driver
Transportation

Transportation

The average monthly cost for a driver in Stratford is $622.
Groceries

Groceries

The average person spends $471 on groceries per month in Stratford.
Utilities

Utilities

The average monthly cost of utilities in Stratford is $161.
Leisure & Entertainment

Leisure & Entertainment

The average person in Stratford spends $159 on leisure & entertainment per month.
Clothing

Clothing

The average person in Stratford spends $42 on clothing per month.
Restaurants

Restaurants

The average person in Stratford spends $352 on restaurants per month.
Other

Other

The average person in Stratford 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 Stratford 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
$3,536/month

Monthly net income of $88,000/year
$5,438/month

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The Affordability Index is based on a single, non-homeowner, who owns a car.
CareerBeacon obtains its data from 3rd party services and cannot verify its accuracy. The information contained on this page is intended to be used for informational purposes only and should not be used to replace legal authority. The information contained in the demographic reports should not be relied upon for determining career and/or relocation decisions.
Rank City Avg. Salary Avg. Monthly Net pay Avg. Cost of Living Affordability Index
01
1
Oakville, Ontario $81,800 $5,075 $3,805
13336
133.36%
02
2
Aurora, Ontario $71,700 $4,495 $3,371
13334
133.34%
03
3
Deep River, Ontario $61,300 $3,938 $3,541
11121
111.22%
04
4
Burlington, Ontario $68,900 $4,331 $3,940
10991
109.92%
05
5
Newmarket, Ontario $57,000 $3,710 $3,386
10955
109.55%
06
6
Greater Sudbury, Ontario $55,450 $3,625 $3,309
10954
109.54%
07
7
Sault Ste. Marie, Ontario $49,680 $3,284 $3,016
10887
108.88%
08
8
Timmins, Ontario $55,100 $3,604 $3,322
10850
108.5%
09
9
East Gwillimbury, Ontario $59,950 $3,866 $3,575
10815
108.15%
10
10
Pickering, Ontario $60,050 $3,872 $3,589
10787
107.88%
11
11
Ottawa, Ontario $64,500 $4,108 $3,814
10771
107.72%
12
12
Marathon, Ontario $61,000 $3,922 $3,659
10719
107.2%
13
13
Kenora, Ontario $55,100 $3,604 $3,371
10692
106.92%
14
14
Waterloo, Ontario $60,250 $3,882 $3,653
10628
106.28%
15
15
Orangeville, Ontario $54,450 $3,567 $3,370
10583
105.84%
16
16
Sarnia, Ontario $54,050 $3,543 $3,383
10474
104.74%
17
17
Innisfil, Ontario $53,400 $3,506 $3,407
10289
102.9%
18
18
Oshawa, Ontario $48,960 $3,240 $3,160
10251
102.52%
19
19
Vaughan, Ontario $62,050 $3,978 $3,893
10218
102.19%
20
20
Thunder Bay, Ontario $51,000 $3,365 $3,299
10199
102%
21
21
Ajax, Ontario $54,300 $3,558 $3,504
10153
101.54%
22
22
Fort Frances, Ontario $52,900 $3,477 $3,424
10153
101.54%
23
23
Woodstock, Ontario $49,400 $3,267 $3,259
10023
100.23%
24
24
Kingston, Ontario $53,750 $3,526 $3,561
09901
99.02%
25
25
Arnprior, Ontario $49,560 $3,276 $3,309
09901
99.02%
26
26
New Tecumseth, Ontario $53,550 $3,514 $3,573
09836
98.36%
27
27
Toronto, Ontario $62,050 $3,978 $4,130
09632
96.32%
28
28
Cobourg, Ontario $52,000 $3,424 $3,556
09630
96.3%
29
29
Dryden, Ontario $52,850 $3,474 $3,659
09493
94.94%
30
30
Hamilton, Ontario $53,750 $3,526 $3,731
09450
94.51%
31
31
Guelph, Ontario $55,200 $3,610 $3,830
09426
94.26%
32
32
Stratford, Ontario $50,480 $3,333 $3,536
09425
94.26%
33
33
Brantford, Ontario $47,160 $3,141 $3,350
09377
93.77%
34
34
Hearst, Ontario $53,850 $3,532 $3,778
09348
93.48%
35
35
North Bay, Ontario $49,520 $3,274 $3,503
09346
93.46%
36
36
Fort Erie, Ontario $47,160 $3,141 $3,380
09294
92.94%
37
37
Timiskaming District, Ontario $49,720 $3,286 $3,544
09272
92.73%
38
38
Kapuskasing, Ontario $49,720 $3,286 $3,570
09205
92.05%
39
39
Cornwall, Ontario $41,280 $2,780 $3,029
09178
91.78%
40
40
London, Ontario $50,440 $3,331 $3,629
09177
91.77%
41
41
Kitchener, Ontario $51,950 $3,422 $3,742
09143
91.44%
42
42
Temiskaming Shores, Ontario $49,160 $3,252 $3,568
09113
91.14%
43
43
Whitby, Ontario $63,000 $4,028 $4,436
09080
90.8%
44
44
Goderich, Ontario $49,440 $3,269 $3,620
09030
90.31%
45
45
Atikokan, Ontario $49,920 $3,299 $3,659
09014
90.15%
46
46
Parry Sound, Ontario $44,080 $2,952 $3,297
08954
89.54%
47
47
Thorold, Ontario $46,000 $3,070 $3,429
08953
89.53%
48
48
Milton, Ontario $60,900 $3,917 $4,437
08828
88.28%
49
49
Cambridge, Ontario $51,450 $3,393 $3,845
08823
88.23%
50
50
Brockville, Ontario $46,200 $3,082 $3,502
08801
88.02%
51
51
St. Catharines, Ontario $47,560 $3,166 $3,604
08784
87.85%
52
52
Peterborough, Ontario $46,960 $3,129 $3,563
08782
87.82%
53
53
Port Colborne, Ontario $45,560 $3,043 $3,467
08777
87.77%
54
54
Markham, Ontario $53,950 $3,538 $4,035
08767
87.67%
55
55
St. Thomas, Ontario $46,280 $3,087 $3,537
08728
87.29%
56
56
Niagara Falls, Ontario $44,840 $2,999 $3,440
08717
87.18%
57
57
Tillsonburg, Ontario $47,080 $3,137 $3,620
08664
86.64%
58
58
Mississauga, Ontario $54,150 $3,549 $4,123
08608
86.08%
59
59
Barrie, Ontario $51,550 $3,398 $3,957
08588
85.88%
60
60
Midland, Ontario $45,160 $3,019 $3,531
08548
85.49%
61
61
Brampton, Ontario $45,400 $3,033 $3,554
08534
85.35%
62
62
Welland, Ontario $44,440 $2,974 $3,490
08522
85.22%
63
63
Windsor, Ontario $45,400 $3,033 $3,607
08409
84.09%
64
64
Belleville, Ontario $47,880 $3,186 $3,842
08291
82.92%
65
65
Richmond Hill, Ontario $57,100 $3,715 $4,559
08148
81.48%
66
66
Orillia, Ontario $45,480 $3,038 $3,733
08138
81.39%
67
67
Thessalon, Ontario $42,400 $2,849 $3,568
07984
79.85%
68
68
Owen Sound, Ontario $44,360 $2,969 $3,839
07734
77.35%
69
69
Elliot Lake, Ontario $39,120 $2,647 $3,459
07653
76.53%
The Affordability Index is based on a single, non-homeowner, who owns a car.
CareerBeacon obtains its data from 3rd party services and cannot verify its accuracy. The information contained on this page is intended to be used for informational purposes only and should not be used to replace legal authority. The information contained in the demographic reports should not be relied upon for determining career and/or relocation decisions.