It's no secret that the value of $1,000 changes pretty dramatically when you start visiting different places in the world. Though apparently, this is even true for when you are traveling within your own country! It makes sense considering the more popular cities of Canada such as Toronto, Vancouver and Montréal are definitely more expensive to live in than others.
You'd think though that the range of annual income it takes to be considered the 1% would be pretty similar across the board in Canada, but surprisingly there are some big differences from city to city! Even more surprisingly, some places you would never think actually top the list for required the highest annual paycheck to be considered a big wig! So let's take a look and what it takes to be considered the 1% in each major city!
20. Sherbrooke, Quebec: $172,069/year
19. St. Catharines-Niagara, Ontario: $177,591/year
18. Quebec City: $189,121/year
17. Windsor, Ontario: $200,561/year
16. London, Ontario $203, 743/year
15. Winnipeg: $203,935/year
14. Halifax: $204,622/year
13. Oshawa, Ontario: $206,696/year
12. Kitchener-Cambridge-Waterloo, Ontario: $214,098/year
11. Victoria, British Columbia: $214,373/year
10. Montreal: $224,060/year
9. Regina, Saskatchewan: $232,623/year
8. Hamilton, Ontario: $236,176/year
7. Saskatoon: $240,932/year
6. Ottawa: $244,534/year
5. Vancouver: $246,266/year
4. St. John's: $256,918/year
3. Edmonton: $297,928/year
2. Toronto: $301,883/year
1. Calgary: $451,609/year
While many cities took predictable spots on the list such as Toronto and Vancouver landing in the top 5, we were shocked to see Edmonton and St. John's place so high! Regardless of which city you're in its definitely clear that to be considered a part of the 1% you've got to be making some serious money!
Source: HuffPost Canada