Quote:
Originally Posted by Spoon
You must be joking. If you're thinking of raising a family (1 or more child) in Vancouver on 70k gross income, good luck. Other than the bare essentials, you'll be lucky if you could get your kid(s) through college without them being in loads of debt.
http://www40.statcan.gc.ca/l01/cst01/FAMIL21A-eng.htm
Average income (after tax) for a Canadian family with two earners is already 85k in 2008. And being in Vancouver, you'll probably expect it to be higher. |
LOL u know tons and tons of immgrant from china. inda......... made it through with min wage. Lot's of time are able to get an apartment in say 4 to 5years after they came to Vancouver and is able to afford a house in the next 10years. Simply they save and save and save and don't spend. Sure is a crappy life but is doable.
So if you aren't a big spender having 70k family income is fine. Sure you won't get to say go on a trip every year, won't be able to afford brand names but you can live a decnetly.
My dad makes 13.hr and my mom makes 9.50.hour they are able to affrod a 650k house paid off, have 2 cars (recently just got an acura). Still have money left over for their life insurance, food, expensive........ They simply spent every little. Unless is something they really need they don't buy. So 70k is fine in Vancouver assuming you are good with your money.