Despite decades-high inflation, the hourly wages required to live in Ontario, Canada, have risen and are still significantly higher than the minimum wage for the region. Sault Ste. Marie saw the biggest rise, with an increase of 21.6% in living wage since 2021. In Ontario, Canada, the minimum wage is $15.50 per hour. A worker's required hourly income is calculated using the basic costs of living in the area, including housing, food, clothing, transportation, and other elements such as government benefits. Most regions in Canada have a living income between $19 and $20, with Toronto having the highest living wage. The increase in living wage rates for all towns in Canada has been aided by the increase in the prices of food across the country.
The minimum monthly wage in Canada increased significantly in 2021 over than in the past few years, according to GlobalData. One of the most expensive items in the calculator is food, which increased dramatically in 2022 due to inflation. The inflation in 2022 increased steeply to 6.9% over that in the previous years, according to GlobalData.
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