That's 5.5 times
their annual take home income.
Not exact matches
Despite boasting the province's highest average
annual household
income, Kerrisdale didn't
take the top spot in B.C. based on net worth, in part because the area's
homes ranked third by price.
The Motley Fool recommends that you save as much as possible; 10 % of your
annual income (total, not
take -
home) is a good goal.
For those unfamiliar with the Black Card, the average holder owns $ 16.3 million in assets and
takes home an
annual average
income of $ 1.3 million.
This young professional lives in Manitoba so of her $ 65,000 in gross
annual income, she'll
take home just $ 48,681 or $ 4,057 a month.
It would
take just over two years of the
annual household
income for an average family in Moncton to buy a
home — the second lowest on our list, just behind Windsor, Ont.
For instance, if you figure your
take -
home pay is $ 60,000 after taxes, you'll want to leave a lump sum that could supply your family with an
annual income of about $ 45,000 for however many years you think appropriate.
While the official policy of the Big Banks and CMHC is that borrowers should have mortgage debt service costs no greater than a third of their
income, or restrict
home loan borrowing to less than four times their
annual take, comments like these make a lie of it.
The Motley Fool recommends that you save as much as possible; 10 % of your
annual income (total, not
take -
home) is a good goal.
A woman we'll call Sally, 55, has a good life with a $ 70,200
annual take -
home salary from work in the Saskatchewan civil service plus $ 10,800
annual gross rental
income ($ 7,200 after tax) from a basement suite.
To determine the amount of coverage you need to replace your
income, multiply your
annual take home pay by the number of years to plan to continue working until retirement.
On average, medical sales professionals in the city
take home an
annual income of $ 173,205.
The study then compared the first year after tax cost of owning a
home by the year the house was built,
taking into account the purchase price, mortgage payments,
annual operating costs and
income tax savings.
Helped by rising
home prices, Realtors saw their
incomes jump for the third straight year in 2013, but an even bigger jump in expenses ate into their
take -
home pay, according to an
annual member survey from the National Association of Realtors released today.