Can a Psychiatrist afford to live in Vancouver?

Excellent74% of take-home left to save — you can save aggressively here.
Median salary (gross)
Psychiatrist · Vancouver
$267,754
Income tax (~38% effective)
Canada
– $101,747
Take-home pay
$13,834/mo
$166,007
Living costs (1 person)
$3,640/mo · derived
– $43,680
Savings potential
$10,194/mo · 74% of take-home
$122,327

Single professional, after-tax. Salary − tax − living costs = what you could save each year.

Full salary breakdown →Is this a good salary in Vancouver? →Compare Vancouver with another city →

How we calculated this

• Salary: OECD 2024 median for Psychiatrist, adjusted for Vancouver.

• Tax: Canada single-filer effective rate (~38%). Official calculator.

• Living costs: derived from cost-of-living index for a single professional.

Planning estimates, not financial or tax advice. Updated 2026. Your situation will differ.