Vancouver · CAD · very high cost city

Savings rate in Vancouver — are you on track?

Vancouver is a very high cost city. Vancouver median rent is C$2,600/month, the highest in Canada by some measures. Vancouver earners consistently report difficulty saving even at high income levels due to combined housing and living costs.

Median rent

C$2,600/mo

Vancouver 2023

Typical other costs

C$1,900/mo

excl. housing

Savings benchmark

4–14%

mid-income CAD

Pre-set for Vancouver — adjust to your situation

Country
C$65,000
C$15,000C$232,500C$450,000+
C$2,600/mo
C$0C$4,000C$8,000+

Food, transport, subscriptions, going out — everything except rent

C$1,750/mo
C$0C$3,750C$7,500+

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What a good savings rate looks like in Vancouver

Using data from Statistics Canada SHS 2023, people at mid-range incomes in Canada typically save between 4–14% of gross income. In a very high cost city like Vancouver, housing costs can compress that meaningfully — especially for renters.

Minimum
4%
floor — not building
Expected
8%
benchmark
Strong
20%
top tier

Source: Statistics Canada SHS 2023. Benchmarks shown for mid-income earners in Canada.

See full cost breakdown for Vancouver →

Compare nearby cities

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Also in the Verdict suite

SalaryVerdict — Is your Vancouver salary competitive?SpendVerdict — Is your Vancouver rent too high?