The struggle is real for Vancouver’s millennials

A study released by the financial forecasters at LowestRates.ca suggests millennials need to make at least $33,500 to survive in Vancouver

They’re the kind of numbers that could leave some Vancouverites saying, ‘I literally can’t even.’

Indeed life can be tough on millennials, and numbers released Friday seem to back up the argument that the struggle is real.

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Taking into account factors like transportation, housing, food costs and fitness, a study released by the number crunchers at LowestRates.ca suggests $2,800 is the magic number for monthly survival for those born between the early 1980s and early 2000s.

Not surprisingly, housing costs are far and away the highest expense ($1,929). Entertainment of all things registered as the second-highest hit at $321, followed by food ($211) and transportation ($133).

All in, the pre-tax amount needed for survival is about $40,000, while the after-tax number is $33,500.

The Vancouver numbers are almost identical to Toronto ($2,740), but nowhere near other major Canadian cities: Calgary’s rate is pegged at $1,840 and Montreal’s magic number is $2,000.

Adding to the depression is the comparison in housing costs: $950 in Calgary, $1,162 in Montreal and $1,672 in Toronto.

@JohnKurucz

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