Basic (Electricity, Heating, Cooling, Water, Garbage) for 2br Apartment
100
Basic (Electricity, Heating, Cooling, Water, Garbage) for 3br House
300
Condo fees for 2br apt
750
Apartment rent (1 bedroom) in City Centre
2400
Apartment rent (3 bedrooms) in City Centre
3500
Tenant insurance per month
25
Price per Square Meter to Buy Apartment in City Centre
10500
Average varibale interest when buying a condo (% * price per Square Meter)
500
--- Connectivity ---
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL)
60
Cell (unlimited calls / text)
60
--- Kids ---
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child
1200
--- Income ---
Average annual salary
62040 (48000)
Average annual household income
120000 (85560)
Let's imagine you only eat out every day at least 2 times, pay for prime, netflix, spotify, fitness membership, cell, internet, go to movies once a week or similar cost activity, get a haircut once a month, dentist check twice a year, a new pair of jeans/cloths and shoes every quarter, commute 2 times a day on weekdays, take uber 2-3 times a week, rent a 1bd apt, single employment in household, and don't have kids. Then you need:
Item name
Num Items per year
Cost per item
Total per item
% from total
Meal for 1, Inexpensive Restaurant
730
25
18250
31.89%
Amazon prime
1
100
100
0.17%
Netflix
12
16
192
0.34%
Spotify
12
10
120
0.21%
Fitness
12
15
180
0.31%
Cell
12
60
720
1.26%
Internet
12
60
720
1.26%
Cinema or similar cost activity
52
15
780
1.36%
Haircut
12
75
900
1.57%
Dentist
2
200
400
0.70%
Clothes
4
80
320
0.56%
Shoes
4
150
600
1.05%
Commute
520
3.25
1690
2.95%
Uber
130
15
1950
3.41%
Rent
12
2400
28800
50.33%
Hydro
12
100
1200
2.10%
Tenant insurance
12
25
300
0.52%
No kids
0
0
0
--- Grand Total ---
57222
100%
$57,222 CAD net roughly corresponds to $76,342 CAD gross annual salary.
If you have kid(s), you may need a car, and your expenses will look differently:
Table for 4 ppl (2 kids) family:
Item name
Num Items per year
Cost per item
Total per item
% from total
Grocery for 4
52
400
20800
16.80%
Amazon prime
1
100
100
0.08%
Netflix
12
16
192
0.16%
Spotify
12
10
120
0.10%
Fitness
12
30
360
0.29%
Cell
12
180
2160
1.74%
Internet
12
60
720
0.58%
Cinema or similar cost activity
52
60
3120
2.52%
Haircut
12
300
3600
2.91%
Dentist
2
800
1600
1.29%
Clothes
4
320
1280
1.03%
Shoes
4
600
2400
1.94%
Daycare
12
2400
28800
23.26%
Car amortized for 5 years at 0%, paid monthly
12
400
4800
3.88%
Gasoline
12
200
2400
1.94%
Parking
12
200
2400
1.94%
Car insurance
12
275
3300
2.67%
Maintenance
12
80
960
0.78%
Rent
12
3400
40800
32.95%
Hydro
12
300
3600
2.91%
Tenant insurance
12
25
300
0.24%
--- Grand Total ---
123812
100%
$123,812 CAD net roughly corresponds to $190,088 CAD gross annual salary.