Step into the land of opportunity and thrive! When you come to Canada, you’ll soon find that the cost of living is considerably lower than in Europe and may even rival that of your home country when compared to your earning potential. Please be aware that whilst the cost of living in Canada as a whole is low, there are significant differences in incomes between the cities, provinces, and industry sectors.
If you are looking for affordability, then Ottawa would be the ideal place to settle whilst Toronto ranks as the most expensive place to reside in Canada. It is generally assumed that most Canadian families will spend between CAD $55,000 – CAD $65,000 annually on the cost of living.
Looking for a place to stay? Below are some rough estimates on how much you would spend looking for decent accommodation to suit your lifestyle and needs.
|Price per Square Meter to Buy Apartment in City Centre||$6,065.46 (buying)|
|Price per Square Meter to Buy Apartment Outside of Centre||$4,480.58 (buying)|
|Apartment (1 bedroom) in City Centre||$1,381.86 (per month)|
|Apartment (1 bedroom) Outside of Centre||$1,155.68 (per month)|
|Apartment (3 bedrooms) in City Centre||$2,207.18 (per month)|
|Apartment (3 bedrooms) Outside of Centre||$1,898.24 (per month)|
This has everything to do with the price of bread! In order to survive in your new setting, we have compiled a list of the essential grocery items you will most likely purchase on a regular basis and approximately how much you’d pay for each item.
|Milk (1 liter)||$2.47|
|Loaf of bread (500g)||$2.93|
|Eggs (12)||$3.65 C$|
|Water (1.5 liter bottle)||$2.14|
|Cigarettes 20 pack(Marlboro)||$15.00|
Not a great cook? Here is an estimated guess on how much you would spend for regular fast-food or restaurant meals in Canada.
|Meal for one (inexpensive restaurant)||$18.00|
|Meal for two (mid-range restaurant, three-course)||$75.00|
|Combo Meal at McDonalds (or Equivalent)||$11.00 C$|
|Coke/Pepsi (bottle 330ml)||$2.29|
|Water (bottle 330ml)||$1.85|
Make sure to keep in touch with your loved ones at home. Utilities are cheap and accessible so you are able to skype them regularly. The cost of mobile to mobile calls are also reasonably low so you are able to remain connected.
|Basics (electricity, heating, garbage, cooling, water)||$167.75|
|Prepaid mobile tariff local per minute||$0.34|
While living in Canada you will need to get around to go see the amazing tourist attractions and some of the most picturesque sights. Here are the tariffs on transportation:
|One-way ticket (local transport)||$3.25|
|Monthly pass (regular price)||$90.50|
|Taxi Start (normal tariff)||$4.00|
|Taxi per 1km (normal tariff)||$2.00|
|Taxi 1 hour waiting (normal tariff)||$34.00|
|Gasoline (1 liter)||$1.25|
Our bodies are always growing and shifting into all forms and sizes, but what better way than to accommodate your body than to buy clothes? Here are the basic prices of clothes in Canada:
|One pair of jeans||$64.64|
|A summer dress||$44.73|
|One pair of Nike running shoes (mid-range)||$102.16|
|One pair of men's leather business shoes||$128.70|
Since Canada currently has the best quality of life in the world, why wouldn’t you want to raise and educate your children there? Canada is known to have one of the best education systems in the world currently.
|Preschool (or Kindergarten) Private, for one child per month||$1,000.43|
|International Primary School, (for one child annually)||$14,088.72|
There are so many perks of living in Canada that should definitely not be missed. Don’t even get us started on the scenic views and diverse provinces. Don’t do yourself a disfavour by missing out on this great country!
What is the average salary in Canada?
Average salaries differ from province to province, but the national average in Canada is currently $54,630 per year. Here are some average salaries per profession:
|Accounting, Administration & Human Resources||$51,245|
|Architecture & Creative Arts||$47,337|
|Banking, Finance & Insurance||$59,648|
|Childcare & Education||$57,247|
|Construction & Maintenance||$52,493|
|Healthcare, Pharmaceutical & Social Services||$98,347|
|Hospitality & Travel||$53,713|
|Journalism & Translation||$45,372|
|Law Enforcement & Security||$50,743|
|Marketing & Sales||$61,470|
|Retail, Cosmetics & Customer Service||$37,519|
|Shipping, Manufacturing & Transportation||$39,167|
Can you survive on minimum wage in Canada?
Currently the minimum wage in Canada is estimated at about $14.35 per hour, although every province has their own minimum wage. You could live off this but you would not be able to maintain a life of comfort with this wage, especially in expensive cities like Vancouver and Toronto.
Is the U.S. cheaper than Canada?
Generally speaking, Canada is more affordable than its neighbour. However, it’s tricky to compare the two countries as the prices of products fluctuate daily.