Putting income into perspective

CBC News posted a wonderful interactive income map that shows you the earnings of people across Canada, or within each province, and even in each major city.

It kind of blows my mind that when I thought earning $66,000 or so (in my previous job) was not enough, I knew deep down inside it WAS enough to live (more than live, and to save for that matter), but it felt like a small amount compared to my friends.

The only catch was that my friends are were earning loads more than me (double my income was the max), but I felt incredibly inadequate compared to them at $66,000.

Well, no. That’s not right. I felt average which sounds pretty horrible now because people earn much less than that, and are just barely making it by. But for me and my circle, $60k is average.

Average isn’t a bad thing, and I feel bad for saying and thinking this, especially after viewing the numbers, but wow.

I am (now) earning about $215,600 a year at my average, with a max of $250,000 and my stats rack up against the numbers as follows:

CANADA


In all of Canada I am part of the (very small) group of 896,815 people who earn around $100,000+ but below $250,000+ a year.

Considering the population of Canada is 33,390,141, that is only 2.68% of Canada.

In my age group 25-35, the median income is $28,288.
I am earning 7.62 times more than people in my age range.

As a female, the median income is $20,460
I am earning 10.53 times more than the median female.

TORONTO



Where I used to live in Toronto, these are the stats:

In my age group 25-35, the median income is $29,961.
I am earning 7.2 times more than people in my age range.

As a female, the median income is $22,275
I am earning 9.68 times more than the median female.

MONTREAL



Where I live now in Montreal, here are the stats:

In my age group 25-35, the median income is $27,173
I am earning 7.93 times more than people in my age range.

As a female, the median income is $20,983
I am earning 10.27 times more than the median female.

On average I earn:

For my age range (25 – 35): I earn 7.58 times more than the median person

For my gender (female): I earn 10.16 times more than the median female

Those numbers are mind boggling.

(Of course, that’s an average of earnings. I could be earning $100,000 a year, or less, or more than $215,600, it just depends on the market and how much in demand each of my services are, by client).

I just find it incredibly amazing that I lucked out (and that things just happened to go my way), and compared to a LOT of people in Canada (in the States too for that matter), my life is solid and on track, and I feel blessed, even though I felt “average” before at $66,000 compared to my friends.

But even at $66,000 it was a lot more money than what most people are making, approximately 3 times more in most cases, sometimes 4 times more.

It really puts things into perspective and makes me feel even happier that I’m in such a solid position (well, relatively speaking, it’s not like $216k is my set salary).

About the Author

Just a girl trying to find a balance between being a Shopaholic and a Saver. I cleared $60,000 in 18 months earning $65,000 gross/year. Now I am self-employed, and you can read more about my story here, or visit my other blog: The Everyday Minimalist.