Cheapest Places to Live in Canada
We’ve put together a list of the best areas to live in Canada to help you get the most bang for your buck.
Keep in mind that costs vary by city in Canada and that things are constantly changing because various variables influence the economy’s growth. We opted to focus on four criteria to narrow it down:
- The monthly cost of living (single and family),
- House price,
- Apartment rent price and
- Food price (daily and monthly).
List of Affordable Cities To Live In Canada
- New Brunswick
- Charlottetown, Prince Edward Island
- Newfoundland and Labrador
- Quebec
- Nova Scotia
- Winnipeg, Manitoba
Below is an analysis of the cheapest places to live in Canada and the jobs high in the respective cities.
Average Costs Of Living In New Brunswick
*Family and Non-family Household
| Category | Average cost (monthly costs without rent) |
| Family of four estimated monthly costs | $4,256.38 |
| A single person estimated monthly costs | $1,182.82 |
| Apartment rent price | $741 |
| House price | $274,700 |
| Daily recommended minimum amount of money for food per person | $14.92 |
| The monthly recommended minimum amount of money for food per person (assuming 31 days per month) | $462.56 |
The Maritime province is home to a diverse population. It is surrounded by rivers, mountains, pine forests, and the city’s major attraction, the Bay of Fundy, making it one of Canada’s top cheapest places to live. The city's economy is critical to the forestry, mining, fishing, tourism, and agriculture industries.
High Demand Jobs In New Brunswick
Job openings for nurses, physicians, and delivery and courier drivers are also in high demand.
Average Costs Of Living in Charlottetown, Prince Edward Island
*Family and Non-family Household
| Category | Average cost (monthly costs without rent) |
| Family of four estimated monthly costs | $4,578.81 |
| A single person estimated monthly costs | $1,278.18 |
| Apartment rent price | $817 |
| House price | $347,920 |
| Daily recommended minimum amount of money for food per person | $18.38 |
| The monthly recommended minimum amount of money for food per person (assuming 31 days per month) | $569.84 |
Charlottetown is one of the cheapest places to live in Canada because of its affordable overall cost of living. The city’s natural beauty is exemplified by its spectacular white sand beaches and green woodlands. The economy is relatively broad, although agriculture, fishing, and tourism are the mainstays. Aerospace, biology, information technology, and renewable energy are just a few industries it touches. You may want to apply to some of these Canadian jobs.
High Demand Jobs In Prince Edward Island
Nurse aides, transport truck drivers, construction workers, laborers, and light-duty cleaners are among the most in-demand vocations.
Average Costs Of Living in Newfoundland and Labrador
*Family and Non-family Household
| Category | Average cost (monthly costs without rent) |
| Family of four estimated monthly costs | $4,538.82 |
| A single person estimated monthly costs | $1,293.65 |
| Apartment rent price | $853 |
| House price | $323,000 |
| Daily recommended minimum amount of money for food per person | $15.23 |
| The monthly recommended minimum amount of money for food per person (assuming 31 days per month) | $472.26 |
The province’s economy is dependent on the production and processing of oil, minerals, seafood, and forest resources, among other things. However, cod fishing is currently the lifeblood of the province’s economy, despite a lack of agricultural development due to climate change.
High Demand Jobs In Newfoundland and Labrador
Regarding job openings, the city is looking for tradespeople, skilled professionals, research, health care, fishing, and agriculture.
Average Costs Of Living in Quebec
*family and non-family household
| Category | Average cost (monthly costs without rent) |
| Family of four estimated monthly costs | $4,091.37 |
| A single person estimated monthly costs | $1,105.48 |
| Apartment rent price | $845 |
| House price | $473,032 |
| Daily recommended minimum amount of money for food per person | $14.19 |
| The monthly recommended minimum amount of money for food per person (assuming 31 days per month) | $439.86 |
The city’s economy is based on services, natural resources, and a well-structured infrastructure that can accommodate a diverse economy. Manufacturing, electric power generation, mining, pulp, and paper make up a large part of the city’s economy.
High Demand Jobs In Quebec
There are many job openings in Quebec that need to be filled. Engineering, sales and marketing, financial services, construction inspectors, and nurses, to mention a few, are in high demand.
Average Costs Of Living in Nova Scotia
*Family and Non-Family Household
| Category | Average cost (monthly costs without rent) |
| Family of four estimated monthly costs | $4,256.38 |
| A single person estimated monthly costs | $1,182.82 |
| Apartment rent price | $909 |
| House price | $375,828 |
| Daily recommended minimum amount of money for food per person | $14.89 |
| The monthly recommended minimum amount of money for food per person (assuming 31 days per month) | $461.56 |
High tides, lobsters, and fish are all famous in the Maritime provinces. While the city’s economy relies heavily on fishing, forestry, and mining, the tourist and agriculture industries also play a role.
High Demand Jobs In Nova Scotia
Data analysts, financial and investment analysts, information system analysts, and desk officers are currently in high demand in Nova Scotia.
Average Costs Of Living in Winnipeg, Manitoba
*Family and Non-family Household
| Category | Average cost (monthly costs without rent) |
| Family of four estimated monthly costs | $4,136.67 |
| A single person estimated monthly costs | $1,156.10 |
| Apartment rent price | $891 |
| House price | $334,256 |
| Daily recommended minimum amount of money for food per person | $14.04 |
| The monthly recommended minimum amount of money for food per person (assuming 31 days per month) | $435.28 |
Winnipeg, Manitoba, is home to a stunning Museum for Human Rights and thriving culture with concerts, opera, play, and ballet, making it one of Canada’s top cheapest cities to live. Agriculture, tourism, electricity, oil, mining, and forestry are all important industries in the city.
High Demand Jobs In Manitoba
Finance managers, human resource experts, property administrators, accounting technicians, and bookkeepers are a few of Manitoba's top jobs.
Choosing A City That Works For You In Canada
When moving to another country, there are numerous aspects to consider, which is why we’ve compiled a list of the cheapest areas to live in Canada. You’ll be able to obtain a better idea of your living costs this way, guiding you on the proper path to finding a home to live for you and your family.
FAQs On Cheapest Places to Live in Canada
1. Where is Canada the cheapest and the best place to live?
Canada, like any other country, has both expensive and inexpensive housing. Canada has a diverse range of cities, depending on your needs and goals. As a result, it’s critical to conduct an extensive study into the city that best meets your demands and budget.
2. Is it possible to live cheaply in Canada?
Depending on what you’re looking for, Canada has both pricey and inexpensive living options. Compared to New York or Washington, D.C., life in Canada is still less expensive. Different cities in Canada provide different advantages, such as low-cost housing, high-quality education, and many job prospects.
3. Does Alberta have a lower cost of living than Ontario?
Although Alberta has a lower cost of living and cheaper transportation, Ontario’s overall purchasing power is 25% lower than Alberta’s. Depending on your circumstances and what you’re looking for, Alberta also provides cheaper taxes and more inexpensive accommodation.
Are you looking forward to relocating to Canada? Check out how to find cheap apartments for rent in Toronto, Ontario.
