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The Cost of Living in Canada

Updated: November 22nd, 2022

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.



If you would like to find out what the costs of living would be in the area of Canada you're in or make sure you're in good stead to find a job to fund all of your expenses, click the button below to talk to a Regulated Canadian Immigration Consultant who can help you understand all aspects of life in Canada and get you on the right track for your immigration. 

What Are The Costs?

Housing Costs

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.

Apartment CA$
Price per Square Meter to Buy Apartment in City Centre 8,912.89 (buying)
Price per Square Meter to Buy Apartment Outside of Centre 6,466.28 (buying)
Apartment (1 bedroom) in City Centre 1,571.06 (per month)
Apartment (1 bedroom) Outside of Centre 1,322.19 (per month)
Apartment (3 bedrooms) in City Centre 2,572.90 (per month)
Apartment (3 bedrooms) Outside of Centre 2,227.50 (per month)

Groceries

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.

Groceries CA$
Milk (1 liter) 2.60
Loaf of bread (500g) 3.07
Rice (1kg) 4.00
Eggs (12) 3.91
Cheese (1kg) 14.40
Apples (1kg) 4.26
Potato (1kg) 3.01
Water (1.5 liter bottle) 2.22
Cigarettes 20 pack(Marlboro) 16.00

trolley-with-groceries-the-cost-of-living-in-canada

Dining Out

Too busy to cook? Here is an estimated guess on how much you would spend for regular fast-food or restaurant

Dining Out CA$
Meal for one (inexpensive restaurant) 20.00
Meal for two (mid-range restaurant, three-course) 85.00
Combo Meal at McDonalds (or Equivalent) 12.00
Cappuccino (regular) 6.50
Coke/Pepsi (bottle 330ml) 4.56
Water (bottle 330ml) 2.39

restaurant-setting-the-cost-of-living-in-canada

Utilities

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.

Utilities CA$
Basics (electricity, heating, garbage, cooling, water) 176.37
Prepaid mobile tariff local per minute 0.34
Internet (cable/ADSL) 82.41

Transport Costs

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:

Transportation CA$
One-way ticket (local transport) 3.25
Monthly pass (regular price) 100.00
Taxi Start (normal tariff) 4.00
Taxi per 1km (normal tariff) 2.00
Taxi 1 hour waiting (normal tariff) 34.00
Gasoline (1 liter) 2.01

bus-in-toronto-the-cost-of-living-in-canada

Clothing Prices

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:

Clothing CA$
One pair of jeans 67.49
A summer dress 46.63
One pair of Nike running shoes (mid-range) 105.49
One pair of men's leather business shoes 131.96

Childcare

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.

Childcare CA$
Preschool (or Kindergarten) Private, for one child per month 1,094.31
International Primary School, (for one child annually) 17,350.52

kids-in-kindergarten-the-cost-of-living-in-canada

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 disservice by missing out on this great country!

FAQS

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, according to Talent.com:

Occupation Annual salary
Accounting, Administration & Human Resources 52,435
Architecture & Creative Arts 48,835
Banking, Finance & Insurance 60,252
Childcare & Education 57,929
Construction & Maintenance 53,309
Engineering 83,626
Food Services 32,925
Healthcare, Pharmaceutical & Social Services 99,562
Hospitality & Travel 53,636
Information Technology 66,856
Journalism & Translation 46,753
Law Enforcement & Security 51,047
Legal 69,091
Marketing & Sales 63,133
Retail, Cosmetics & Customer Service 39,405
Science 72,895
Shipping, Manufacturing & Transportation 40,020

Can you survive on minimum wage in Canada?

Currently the minimum wage in Canada is estimated at about CA$15.55 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.

Start Your Canadian Journey Today!

cost-of-living

If you feel Canada is the ideal place for you, click the button below to talk to an RCIC and see which is the best way you can start your Canadian journey today!

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