How much income is required to live in Canada and USA

I was just wondering how much monthly income can give you a comfortable living in Canada specially

1- Having house on lease
2- A car
3- Other general living expenses

Can someone please tell me how much monthly income would be OK to live a comfortable and nice life in Canada.

Regards

 

50k/ year is an average income in us.

 

Depends on a lot of things...size of house, kind of car and what you consider "general living expenses". I can't speak for all of Canada but here in the province of Quebec we call it the "land of the freeloaders". So many "Quebecois" just don't want to work so they sponge off the government and live a "free" life...and some live quite comfortably.

 

what about toronto

 

it depends where you live. where i live..

1- Having house on lease- renting an apartment- 2k a month. Buying a house- 675k + 14k taxes
2- A car- 30k
3- Other general living expenses-not too sure

 

uhm 30k car you must be driving a mercedes heck you might even drive a jaguar if you can find a good deal

a house for 675k to buy? what you looking for? hilltop houses with tennisfield and swimmingpool?

 

If you get an apartment (I dont know how much the lease would be since I dont know where and how big the house is) it would be around $800 a month. You can lease a car for under $100 a month plus insurance so $250 a month for a car. Utilities and gas- $500. You could live on $20,000 a year.

To be comfortable... $40,000 at least per year would be ideal.

 

If you live in a small town in usa you pay much less in rent compared to big cities like boston, ny.
Lets say you wanna live in boston:
Rent: $1000
Car: $650 lease+gas
Food: $500
Others: $1000->up depends on what you do

 

You could probably get by at around $35,000 a year.

 

to live well, maybe $50,000 per year.

 

Do not forget the 40-50% tax

 

very high tax rate though. btw where ?

 

you could also moce to a small city for a start, and when you have some more money to spend you could move to the bigger cities

 

300,000$ is decent......

 

Here's for Toronto:

1- Having house on lease - $2k/mo
2- A car - $500/mo
3- Other general living expenses - $500/mo

So you need about $3k / month to enjoy living here.

Oh and 13% tax on almost everything.

 

Thansk everyone for the help
Whats the price of house in Toronto in installments

 

RENT PER YEAR: $8400
CAR - ONE TIME PAYMENT (USED CAR): $6000
OTHER EXPENCES PER YEAR: $24000

TOTAL INCOME NEEDED ON AVERAGE: $38000

I am from canada, this is my total expense per year

 

Thanks for the info. Can somebody tell me how much to may for a house on installments

 

live cheap for 20k, live with roomates, take a public transportation, work like a mexican

 

50k yearly would be ok...