Thanks. We do not want to send our kids to day care, which means I will be working full-time and my wife may be part-time or some part-time work that can be done from home. What if we were to make only $50,000 a year as a family, can we survive in Calgary?
Yes. But don't expect any big savings. I did some quick math and field study when I landed in Calgary.
Rent for 2 bed apartment: $1300 [rent includes electricity, water and heat]. You can check bwalk, rentfaster.ca, etc.
Internet + Cell + landline: $200
Car insurance and gas expense: $250 [depends on the usage and car cost]
Personal expenses: $ 250
Average monthly expense for a couple with no kids: $2500. Annual expense ~ $30K
As a thumbrule, I assume 60% take home salary of gross income. In this hypothesis, 50K will result in 30K. Just enough for breakeven.
Some of the assumptions are rent is for condo, car is fully paid off, no lavish lifestyle.
Most likely, I am heading this summer with the above estimate in mind. Let's see, if the ground reality is different