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What is the cost of living in Canada?

Let us talk about the cost of living in Canada before you park your bags

We cannot deny Canada is a beautiful place to live. For months now, there has been a spark in increase in people who are search for “what is the cost of flight from Nigeria to Canada”.

In fact, these days, I am seeing people adding the Canadian flag to their twitter bio.

Like, why you gotta add it when you are still in Nigeria?

However, if you are thinking of the cost of living in Canada, then you should be prepared for what you want to read.

This post will compare the percentage of cost of living in Canada to Nigeria.

What is the cost of living in Canada?

The cost of living in Canada is about 120% higher than in Nigeria. This is the average data for all countries excluding rent.

How much is rent in Canada?

Rent in Canada is 23% higher than in Nigeria also. For example, if you pay N250,000 as rent in Nigeria, you will most likely pay N307,500 in Canada.

Of course, money value will be different.

Take a quick glance at this data I got from numbeo.

This table shows you the price of certain meals, utilities, transportation and some of our basic needs.

All prices are in Canadian Dollar (1CAD = N274.238)

Restaurants Range
Meal, Inexpensive Restaurant 16.00 C$ 10.0028.19
Meal for 2 People, Mid-range Restaurant, Three-course 70.00 C$ 46.00120.00
McMeal at McDonalds (or Equivalent Combo Meal) 10.00 C$ 9.2512.00
Domestic Beer (0.5 liter draught) 6.00 C$ 4.009.00
Imported Beer (0.33 liter bottle) 7.50 C$ 6.0010.00
Cappuccino (regular) 4.25 C$ 2.506.00
Coke/Pepsi (0.33 liter bottle) 2.26 C$ 1.503.00
Water (0.33 liter bottle) 1.85 C$ 1.253.00
Markets
Milk (regular), (1 liter) 2.48 C$ 1.234.29
Loaf of Fresh White Bread (500g) 2.94 C$ 1.894.99
Rice (white), (1kg) 3.88 C$ 1.908.00
Eggs (regular) (12) 3.41 C$ 2.005.00
Local Cheese (1kg) 12.74 C$ 6.0037.00
Chicken Fillets (1kg) 13.35 C$ 6.0022.00
Beef Round (1kg) (or Equivalent Back Leg Red Meat) 14.68 C$ 7.5025.00
Apples (1kg) 4.05 C$ 1.506.59
Banana (1kg) 1.72 C$ 0.894.00
Oranges (1kg) 4.01 C$ 1.968.00
Tomato (1kg) 4.07 C$ 1.946.61
Potato (1kg) 2.86 C$ 0.905.51
Onion (1kg) 2.65 C$ 1.005.00
Lettuce (1 head) 2.54 C$ 1.294.00
Water (1.5 liter bottle) 2.26 C$ 1.003.99
Bottle of Wine (Mid-Range) 15.00 C$ 12.0025.00
Domestic Beer (0.5 liter bottle) 2.96 C$ 1.505.00
Imported Beer (0.33 liter bottle) 3.69 C$ 2.006.00
Cigarettes 20 Pack (Marlboro) 15.00 C$ 12.0720.00
Transportation
One-way Ticket (Local Transport) 3.25 C$ 2.004.00
Monthly Pass (Regular Price) 98.00 C$ 70.00151.15
Taxi Start (Normal Tariff) 3.90 C$ 3.305.60
Taxi 1km (Normal Tariff) 2.00 C$ 1.553.20
Taxi 1hour Waiting (Normal Tariff) 34.00 C$ 24.0052.00
Gasoline (1 liter) 1.20 C$ 0.811.50
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 25,600.00 C$ 22,500.0030,000.00
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 24,241.97 C$ 21,000.0028,500.00
Utilities (Monthly)
Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment 156.15 C$ 80.00300.00
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 0.35 C$ 0.100.50
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 76.07 C$ 55.00110.00
Sports And Leisure
Fitness Club, Monthly Fee for 1 Adult 50.09 C$ 20.0080.00
Tennis Court Rent (1 Hour on Weekend) 20.78 C$ 5.0035.00
Cinema, International Release, 1 Seat 14.00 C$ 12.0018.00
Childcare
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 986.88 C$ 600.001,600.00
International Primary School, Yearly for 1 Child 14,076.72 C$ 6,000.0029,000.00
Clothing And Shoes
1 Pair of Jeans (Levis 501 Or Similar) 64.26 C$ 35.0098.00
1 Summer Dress in a Chain Store (Zara, H&M, …) 45.81 C$ 25.0080.00
1 Pair of Nike Running Shoes (Mid-Range) 100.62 C$ 65.00145.00
1 Pair of Men Leather Business Shoes 125.44 C$ 75.00200.00
Rent Per Month
Apartment (1 bedroom) in City Centre 1,326.35 C$ 748.672,221.23
Apartment (1 bedroom) Outside of Centre 1,078.42 C$ 612.501,783.40
Apartment (3 bedrooms) in City Centre 2,147.30 C$ 858.333,813.50
Apartment (3 bedrooms) Outside of Centre 1,770.07 C$ 953.332,857.29
Buy Apartment Price
Price per Square Meter to Buy Apartment in City Centre 6,051.74 C$ 2,719.3312,648.38
Price per Square Meter to Buy Apartment Outside of Centre 4,144.61 C$ 2,152.789,329.08
Salaries And Financing
Average Monthly Net Salary (After Tax) 3,953.86 C$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.43 2.104.50

 

That is the cost of living in Canada

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