BC's Living Wage Is Revealed & This Is How Much You Need To Be Earning For A Basic Life

B.C. really does stand for Bring Cash. 💸

Vancouver Editor
BC's Living Wage Is Revealed & This Is How Much You Need To Be Earning For A Basic Life

The living wage in B.C. just went up and if you live in Metro Vancouver, it's now $5 more than the rest of the province.

Metro Vancouver's living wage is at $20.52 per hour, which is way higher than the B.C. minimum wage of $15.20 — that's the equivalent of $37,346 annual salary.

A report from Living Wage for Families B.C. found the living wage by calculating the hourly amount that each of two working parents with two young children must earn to meet their basic expenses.

Anastasia French, Living Wage for Families BC organizer, said that "the reality is that a number of families across B.C. earn less than a living wage and struggle to make ends meet with the rising cost of living, especially the cost of housing."

The wage is based on what it takes to cover basic things like rent, food, child care and transportation.

Family expenses like these in Metro Vancouver and Victoria rose by 7% and 6.8% respectively, the report said, which is more than the rate of general inflation (4.7%) over the same time span.

The annual report provided the living wage amount for 14 communities in B.C.

Living Wage for Families BC

According to the findings of this report, in Metro Vancouver, two parents working full-time are going to have to make at least $5.32 over the hourly minimum wage just to live a basic lifestyle.

The report said that they estimate a 7% rise in the cost of living in Metro Vancouver since 2019. Housing alone rose by 8.6% in the last two years.

Vancouver is known for its expensive cost of living, which gets especially tricky if you want to have kids. Some people have decided that it's not worth it to start a family here and are packing their bags.

Inevitably, kids require people to spend more money. In a city that already has super high rent and home prices, it makes sense that some people don't want — or financially can't afford — to have children there.

Keep Reading Show less

North America's fresh produce industry has a warning about ongoing supply chain issues and how they'll affect grocery store trips.

According to a joint statement issued by 21 produce organizations, the price of produce is only going to increase because of delays and higher costs "along the supply chain."

Keep Reading Show less

'Tis the season for pot roasts and turkeys, but the price of meat in Canada is leaving plenty of shoppers high and dry.

According to consumer price data from Statistics Canada, the price of some meats — like bacon and prime rib roast — are higher than they've been in decades.

Keep Reading Show less

A woman on TikTok has shot to fame for her no-nonsense response to "what perks millennials want in the workplace."

Jessie DaSilva, a mindset coach and business consultant, was emailed the question by a reporter, and her answer documented on her TikTok page Millennial Money Witch has really struck a chord with people.

Keep Reading Show less