Salary vs rent · Vancouver
CA$50,000 salary in Vancouver: how much rent can you afford?
On CA$50,000/year your monthly take-home budget (gross) is CA$4,167/month. The median rent in Vancouver is CA$2,700, which would take 64.8% of your income — Risky.
Your monthly rent budget
Rent landscape in Vancouver
CA$1,700
40.8% of your salary
Budget rent
CA$2,700
64.8% of your salary
Typical rent
CA$4,200
100.8% of your salary
High-end rent
Renters in Vancouver typically spend 28–50% of income on rent. At CA$50,000/year, you have limited room to cover the median rent comfortably.
Data confidence: medium · CMHC Rental Market Report 2024 (average rent $1,967, +4.4% YoY; vacancy rose to 1.6%) + Statistics Canada income data · 2024
Frequently asked questions
How much rent can I afford on CA$50,000/year in Vancouver?
On CA$50,000/year (CA$4,167/month), a comfortable rent budget at 30% of gross income is CA$1,250/month. At the stricter 25% threshold, you should aim for no more than CA$1,042/month. Median rent in Vancouver is CA$2,700/month.
Is CA$50,000/year a good salary in Vancouver?
CA$50,000/year compares to a Vancouver median household income of around CA$85,263/year. At this salary, median Vancouver rent (CA$2,700/month) would take 65% of gross income — well above the 30% guideline.
What percentage of salary should go to rent in Vancouver?
Financial advisors typically recommend spending no more than 30% of gross income on rent. In Vancouver, where the typical renter spends 38% of income on rent, many residents find the 30% target difficult to achieve. On CA$50,000/year, keeping rent at 30% means a maximum of CA$1,250/month.
Other salaries in Vancouver