I’ve long been a fan of money sense magazine. They have just the right blend of the serious investing content with the more day-to-day information about money that I want. If you subscribe to just one money-oriented publication, I recommend them. It’s bimonthly so you won’t feel inundated, it’s written in accessible language, and comes in an attractive format. No, I’m not paid to promote them. I genuinely like it. That, and they used me as their guest expert last summer (ahem).
In their most recent issue, they gave Canadians the scoop we all want to know: Which Cdn. cities are more, or less, likely to enable us to get ahead. While I was able to keep on reasonably solid ground in Vancouver, every step ahead felt so very hard-won. In contrast, Yellowknife is helping me to accomplish what I want a whole lot faster, in addition to a lifestyle of getaways and trips to Europe.
On to the juicy tidbits:
The top 10 Canadian cities for good paying jobs are these unassuming places:
- Wood Buffalo, AB
- Oakville, ON
- Vaughan, ON
- Markham, ON
- Richmond Hill, ON
- Yellowknife, NT
- Calgary, AB
- Whitby, ON
- Okotoks, AB
- Canmore, AB
Ave. Household Income is $139,254 in Wood Buffalo, Yellowknife’s is $110,950 and 10th place is $100,089. Toronto is in 23rd position, Ottawa at 21st position at $85,475, Vancouver 35th position, Moose Jaw in 97th and Montreal is in 135th position.
But that’s not the whole story. Another telling statistic, is which cities offer the greatest percentage disposable income. In that category, Yellowknife is in the 27th spot, and Vancouver is 78th. Turns out Estavan, SK offers the greatest disposable income. Who knew?
But translate that into real dollars, and
- Yellowknifers have $28,000 each year
- Estavaners have $23,000
- Canajun Finance Guy, you live in Ottawa, yes? If so, your ave. real-dollars disposable is $21,616
- Bargainista, in Toronto (proper), it’s $19,924
- Vancouverites only have $18,000
Another related stat is average housing prices. Notwithstanding tales of price plummets, Vancouver remains crazy-unafforable at 149th place, and an average price of $571,000. Yellowknife is pricey in 121st place at $310857 and Canmore, Canmore is a breath taking $780,964.
Want the cheapest real esate in Canada? How’s your francaise? La Tuque, QC has an ave. price of a mere $93,923.
Ills/elles sont …
Readers – if you’re comfortable saying, which city do you live in, and do you feel it enables you to get ahead?