Sovereign

Is $60,000 a Good Salary in Vancouver?

An honest, data-driven analysis of purchasing power, lifestyle affordability, and tax impact for 2026.

The Verdict

Below Typical Professional Income

At $60,000, your income is below the estimated professional median for Vancouver (~$84,000). Budgeting will be essential, especially for housing in central districts.

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Estimated Monthly Allocation

Monthly Net Income
$3,952
Housing & Utilities
$1,779

Target 30-35% of net. Covers rent/mortgage in outer districts.

Groceries & Transport
$1,383

Core living expenses adjusted for Vancouver CPI.

Lifestyle & Leisure
$593

Dining out, entertainment, and personal care.

Savings & Investment
$198

Remaining allocation for long-term wealth.

Other salary checks in Vancouver

Jump to adjacent income bands to stress test lifestyle outcomes.

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Compare $60,000 across peer hubs

Same salary, different macro-region hubs to benchmark opportunity cost.

Adjust the Numbers

Salary FAQs

What does $60,000 translate to after tax in Vancouver?
Our deterministic engine estimates roughly $47,428 per year (~$3,952 monthly) after Canada income taxes and mandatory social contributions for a single filer.
Can $60,000 comfortably cover housing in Vancouver?
Allocating about $1,779 (45% of monthly net income) keeps housing and utilities within the recommended 30–35% band even in prime districts.
How much could I save earning $60,000 in Vancouver?
Following the Sovereign allocation, you could direct roughly $198 per month (5% of take-home pay) toward investments, reserves, or debt payoff.