Cost-of-living index: 72.48
Local purchasing power: 118.92
The National Bank of Canada reported that household expenses in the country can equal nearly half of one's net salary. In the province of Ontario, for instance, the average household expense was $88,953 CAD in 2016.
For 2016, the bank reported that, on average, about $20,000 goes towards housing, $16,000 goes to taxes, $12,000 goes to transportation, $9,000 to food, and $2,200 to education — not including clothes, health insurance, and personal care.