Here's How Much Money You Need To Make To Be Considered Rich In Each Of Canada's Major Cities - Narcity

Here's How Much Money You Need To Make To Be Considered Rich In Each Of Canada's Major Cities

That's a lot of 💰💰

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

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