Is $170,000 a good salary in Summerside, Prince Edward Island?

Is $170,000 a good salary in Summerside, Prince Edward Island?

$170,000 is $127,000 more than the average yearly salary of $43,000 in Summerside. A salary of $170,000 per year means that you would be taking home about $108,676 per year after taxes, or $9,056 per month to pay for things like housing, transportation, groceries, and entertainment. The average household income in Summerside is $78,200.

Summerside, Prince Edward Island
Updated: October 1, 2024

Average Cost of Living per Month in Summerside

The average cost of living in Summerside is $3,373/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
$3,373/month

Monthly net income of $170,000/year
$9,056/month
Average total income in 2020
$43,000

Average total household income in 2020
$78,200

Average Salary in Summerside

The average salary in Summerside is $43,000, which is 21% lower than the Canadian average salary of $54,450. A person making $170,000 a year in Summerside makes 295.3% more than the average working person in Summerside and will take home about $108,676.
Net Annual Pay:
$108,676
Income tax breakdown
Hourly Salary:
$87.18
Salary breakdown

Cost of Living Calculator

Below are the details used to generate the average Cost of Living for Summerside. Change the inputs to match your lifestyle and see how it compares to the average cost of living and a salary of $170,000.
Renter
Homeowner
Housing

Housing

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

Transportation

The average monthly cost for a driver in Summerside is $636.
Groceries

Groceries

The average person spends $427 on groceries per month in Summerside.
Utilities

Utilities

The average monthly cost of utilities in Summerside is $148.
Leisure & Entertainment

Leisure & Entertainment

The average person in Summerside spends $130 on leisure & entertainment per month.
Clothing

Clothing

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

Restaurants

The average person in Summerside spends $273 on restaurants per month.
Other

Other

The average person in Summerside 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 Summerside 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
$3,373/month

Monthly net income of $170,000/year
$9,056/month

Most affordable cities in Prince Edward Island

Avg. Salary $46,160
Avg. Monthly Net pay $2,967
Avg. Cost of Living $3,320
Affordability Index
89.37%
Avg. Salary $43,000
Avg. Monthly Net pay $2,794
Avg. Cost of Living $3,373
Affordability Index
82.84%
Avg. Salary $43,440
Avg. Monthly Net pay $2,818
Avg. Cost of Living $3,461
Affordability Index
81.43%
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
Charlottetown, Prince Edward Island $46,160 $2,967 $3,320
08936
89.37%
02
2
Summerside, Prince Edward Island $43,000 $2,794 $3,373
08284
82.84%
03
3
Kensington, Prince Edward Island $43,440 $2,818 $3,461
08143
81.43%
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.