Cost of Living in Canada

Cost of Living in Canada


30 March 2022



Canada offers unlimited opportunity and potential with its rapidly growing economy and high quality standard of living. The country creates thousands of jobs each year, which lowers its poverty rate and further helps its economy. Health care facility in the nation is an essential right. The quality of health is the best in the world because access to medical care is so fast and seamless.

Due to this, many candidates select the country to complete their graduation and post graduation. If you are one of those who want to study in canada, then first you should know about the cost of living in canada. 

Cost Of Living in Canada for Families and Students

Foreigners interested in studying in Canada or moving to Canada with their family often seek accurate information on the cost of living in Canada. Canada is immigrant-friendly, extremely well-developed and offers amazing facilities for its citizens. Because of this, the cost of living in Canada may shock you a bit. Because someone who superficially assesses the cost of living based only on numbers would say that is too much. However, when you consider the context of the country and the window of ease it has for its citizens and foreigners, you will realize that the cost of living is not overpriced. You can find some cities in Canada with low cost of living and similar facilities.
The average cost of living in Canada for a family depends on the number of people in your family. It is usually between 2 and 4 since most families in Canada are nuclear families. The average cost of living in Canada is:

  1. For a single person per month, excluding rent, it's $1,245.

  2. For a single student per month, excluding rent, it's $880.

  3. For a family of two per month, excluding rent, it's almost $2,500.

  4. For a family of 4 per month, excluding rent, it's nearly $5,000.

For students, personal residences can cost around $625 per month, while on-campus housing can cost around $800 per month.


Average rent in Canada

The cost of living in Canada is almost 192% higher than in India, while the rent in Canada is 514% higher. With this in mind, it is safe to say that the cost of living in

Canada for Indian students is quite high

The cost of living index in cities across Canada ranges from 65 to 80, which is slightly better than the world average. The cost of living in Canada can be a bit higher than expected. Household expenses alone represent about 50% of your salary. With all the saving and investment aspect, you need to calculate your business money before writing a life plan in Canada.
Before moving to country, the most noticeable question is "What is the least amount of cost of living in Canada?" Most people in Canada live on $250,000 a year, excluding taxes. They think it is more than enough to provide them with a comfortable life. However, this is not even close to what the average person in Canada earns. The average monthly net salary is $3,400 after tax deductions. So, before making your Canada plan, make sure you have the financial backing.

  1. The cost of a one-bedroom apartment downtown is $1,335 and out of town $1,120.

  2. The cost of a 3 bedroom apartment downtown is $2,170 and out of town $1,820.

  3. Toronto and Vancouver are the most expensive cities in the whole country. Rent has increased by 2.2% and now stands at $3,000 and $3,180 respectively for a 2-bedroom house.

  4. Cities like Halifax and Abbotsford have 2 bedroom rents hovering around $1300.

  5. The cheapest city in Canada in terms of rent is St. John's, where the rent for a 2-bedroom apartment is as low as $900.

Important resources about Canada to read

University tuition fees in Canada

Like most developed and intelligent countries, students in Canada enjoy free public schooling up to the age of 18. The cost of studying in Canada is comparatively lower than in the United States. That said, the quality of teaching is just as remarkable and practical, if not better. Finding a university can be a tedious task, and to make sure you land the best-suited university for your course, you can take help by the best overseas education consultants at Meridean Overseas. It sorts out your educational preferences for you, so you have the best affordable college options for you.

The average single-year cost for a four-year graduate program in Canada is $22,750 for students with a college residence and $11,330 for students living at home.

For more expensive universities, the same fees can reach $135,000 and $65,000 respectively.


Tuition fees for popular undergraduate courses in different fields can reach:

  1. Business: $56,000

  2. Computer and IT: $55,000

  3. Engineering and Technology: $55,000

  4. Social and natural sciences: $53,000 to $56,000

  5. Tuition fees for popular postgraduate courses in different fields can reach:

  6. Business: $52,700

  7. Computer and IT: $52,500

  8. Engineering and Technology: $52,500

  9. Social and natural sciences: $37,000 to $58,300


It helps you calculate what type of university you want to study in India and whether or not you have the budget. Some of the best and most affordable universities in Canada are:  
Memorial University of Newfoundland ($11,460 per year)

  • University of Regina ($20,050 per year)

  • Athabasca University ($17,250 per year)

  • Royal Roads University ($27,500 per year)

  • Humber College ($29,500 per year)

  • Thompson River University ($35,650 per year)

Canadians like to cycle to work or drive to work. In major Canadian cities, people prefer to use public transport, aware of the effects of pollution and the climate crisis. They are affordable in Canada, which is why more people are turning to them. On local transport, a one-way ticket costs $3.25 while the cost of a monthly pass is $92. A car costs $24,000 and can go incredibly high depending on the model and features.


Cost of food in Canada and cost of some basic everyday items

The average cost of food in Canada is around $300, including groceries and supermarket purchases. Walmart is scattered across Canada and is the cheapest option for groceries.
As for eating out at a restaurant, a three-course meal costs around $65, and if you're eating alone, the bill would be around $25.

With the progressive government, a complementary geographic location, and the image of a kind and empathetic country, it's unbelievable that so many people want to settle in Canada. From the availability of the best technological facilities to everyday essentials, Canada is not behind in anything. Unlike countries hit by the wave of poverty and repression where they cannot provide their citizens with even basic everyday needs, Canada is showing what proper drafting and implementation can do.

  1. A meal in an inexpensive restaurant can vary between $18 and $75, depending on the number of people.

  2. Local beer costs between $6 and $8.

  3. The price of 1.5L of water is close to $1.6.

  4. Things like eggs, rice, bread and milk cost between $2.5 and $4.

  5. Vegetables and fruits like apples, bananas, oranges, tomatoes and onions cost between $1.5 and $5.

  6. A bottle of mid-range wine is $15.


Average utilities and bills

Average men's and women's clothing ranges from $45 to $130 if you buy high-end brands. For an average size apartment with one or two rooms, the cost of air conditioning, electricity, garbage, etc., is around $168 per month. That of Internet with a speed of 60 Mbps or more is almost $80 per month.
For entertainment purposes and to join fitness clubs, you must set aside an additional $150 per month.

Tips for saving money in Canada

When you are in a foreign country as a paid person, it is essential to keep in mind that saving will always allow you to get by. Some people spend all their money on things like shopping and entertainment, and while that's a good thing, doing what you love, it's important not to spend all your paycheck on other things and nothing. Here are some steps that can help you save money in Canada:

One of the first steps is to pay you. Most people pay their bills and buy things as soon as they get their paycheck, thinking they'll save later. The "later" never comes and their savings are spent in other expenses. To avoid this, pay yourself first. Keep a certain amount for yourself from the start that you can save for future use. It could be 25% or your 80% salary - whatever you can afford to put aside. That doesn't mean cutting your luxury short. It only means safeguarding your future because things don't always stay the same.

  • Make a spending plan for yourself. Allocate the amount you wish to spend on clothing, groceries, entertainment, etc. Prevent yourself from going beyond. Stick to the plan. When formulating how you want to spend your money, you automatically keep the money-saving factor in mind. Your idea revolves around meeting your savings needs, which is a smart way to save your money.

  • An unused savings account. Yes, you read that right. Open a bank account and put only your saved money into it, and don't use it. Put your money in it and forget it even exists. Live your life. Also, do it at the beginning of the month because, at that time, you are more likely to save. Prioritize savings instead of putting the crumbs that remain at the end of your month. This bank account is your safe door. Even in the future, when you urgently need money, you will not be vulnerable. You have your savings to lean on. Saving is an early part of being in your twenties and continuously thereafter until you keep earning. Make sure you do it right.

  • Sometimes cut out some things. You don't have to buy new jeans every month. If you bought one in January, buy the next one around April. This is a necessary clause for students as they usually get carried away by their classmates. Don't fall into the "show-off" trap. Use your money for the things you need more than the things you want, at least sometimes. Cut out things that you can easily do without for four months, but you buy every month.

Cost of accommodation for international students in Canada

On-campus housing is available for international students at Canadian universities. Most students moving to Canada opt for on-campus accommodation facilities. Students can check whether the on-campus accommodation meets all their needs or not. Some common factors of on-campus accommodation include sharing a laundry room, a common dining hall, and recreation facilities. These factors must be determined to assess the cost of living in Canada for international students.
Considering rent is one of the main things to keep in mind before opting for on-campus housing. The average cost of living in Canada is between 8,000 Canadian dollars and 10,000 Canadian dollars per year. The rent for off-campus housing is relatively higher than on campus. But housing, when shared, is cheaper. A minimum of 400 Canadian dollars is required to live comfortably in Canada each month. Let's look at the cost of living in Canada for international students:

Type of Accommodation

Average Cost


(annually) Canada Dollar 8,000 to Canada Dollar 10,000
(annually RS. 8,02,800.47 to 10,03,500.59)

Shared accommodation Off-campus

Canada Dollar 400 to Canada Dollar 700 every month
(RS. 40,140.02 to 70,245.04 every month)

1 BHK in City Centre

Canada Dollar 1,332 (RS. 1,33,666.28) every month

1 BHK Outside of Centre

Canada Dollar 1,123 (RS. 1,12,693.12) every month


Affordable Cities in Canada for International Students

One of the most important things to consider when it comes to financing is the exchange rate. The total amount of money that must be paid once converted into Canadian Dollar s is an important factor. Your local currency should be converted to Canadian Dollar s to better understand the expenses regularly. Most exchange services and banks tend to mark up the rate to increase the exchange profit. One must remember to check the most affordable and expensive city to determine living expenses in Canada for international students.


List of the most expensive cities:


Average Living Cost Per Month (RS.)


Rs. 71,888 except rent


Rs. 67,310 except rent


Rs. 66,277 except rent


Rs. 65,357 except rent


Rs. 62,148 except rent


List of most Affordable cities:


Average Living Cost Per Month (RS.)


Rs. 61,852 except rent

Abbotsford, British Columbia

Rs. 57,124 except rent


Rs. 58,206 except rent


Rs. 55,157 except rent


Rs. 51,099 except rent


Q: How should you manage your living expenses in Canada?

A: Once you have completed your enrollment at a Canadian institution, students can easily choose to start their part-time job and study concurrently. The cost of living in Canada for students can be managed by part-time jobs for people on campus and off campus. You cannot do job more than 20 hours in a week. International students can also work for an extended era during vacations or holidays. They can also apply for study scholarships based on their performance at their current educational institutions.


Q: What is the cost of living in Canada?

A: It is obvious that studying abroad is much more expensive than staying in your home country. International students should do a comparative study of the cost of living in Canada to better understand the total expense. Let's look at the cost of living for students in Canada compared to different countries:


Accommodation Expense


On-campus cost – from Rs. 4,75,007 to Rs. 5,93,759 annually


Q: How much does education in Canada cost?

A: The cost of education in Canada depends on the course, university, and tuition. Every year, universities revise their tuition fees for international undergraduate and undergraduate students. Students must confirm tuition fees before applying to a university. Let’s look at the average cost of education of different courses in Canada:


UG Course Average Fee (Per Year)

PG Course Average Fee (Per Year)


Canada Dollar 32,886
(RS. 33,0,0112.03)

Canada Dollar  10,500
(RS. 10,53,675.62)


Canada Dollar 33,000
(RS. 33,11,551.93)

Not Available

Architecture and Related Technologies

Canada Dollar  22,100
(RS. 22,17,736.30)

Canada Dollar  20,000
(RS. 20,07,001.17)


Canada Dollar  26,582
(RS. 26,67,505.26)

Canada Dollar  15,800
(RS. 1,58,5,530.93)


Canada Dollar  18,000
(RS. 18,06,301.05)

Canada Dollar  12,000
(RS. 12,04,200.70)

Mathematics and Computer Science

Canada Dollar  2 5,000
(RS. 25,08,751.46)

Canada Dollar  13,000
(RS. 13,04,550.76)


Canada Dollar  27,056
(RS. 27,15,071.19)

Canada Dollar  16,549
(RS. 16,60,693.12)

Business Management

Canada Dollar  23,500
(RS. 23,58,226.38)

Canada Dollar  20,000
(RS. 20,07,001.17)


Q: How much money do you need to live comfortably in Canada?

A: Each individual has a different standard of living when it comes to comfort. Most Canadians enjoy a comfortable life at C$250,000 (RS. 250, 87514.65) a year. Overall, the cost of living in Canada is relatively high and people considering moving here should keep in mind how they will manage to finance themselves.


Q: How is life in Canada different from other countries?

A: International students should do a thorough comparative study before choosing a country to study. Each destination has a cost for accommodation, education, etc. different. Let’s take a look at the cost of accommodation from different countries for international students:


Accommodation Cost


On-campus – Rs. 4,75,007 to Rs. 5,93,759 annually
Shared Off-campus – Rs. 23,750 to Rs. 41,563 every month


On campus- Rs. 41,120 – Rs. 61,681 every month
Off-campus – Rs. 61,694 – 2,05,648 every month


On-campus- Rs. 7,27,559-8,24,072 annually
Shared Off-campus- Rs. 33,408 every month


On campus: Rs. 51,025 annually
Off-campus- Rs. 63,640- Rs. 1,74,850 every month


Rs. 25,000 – Rs. 60,000 every month


On-campus- Rs. 5,488 – Rs. 13,970 every month
Off-campus- Rs. 4,500 – Rs. 21,953 every month


Q: What are the average monthly expenses of a single person in Canada?

A: The cost of living in Canada varies from city to city. However, the national average cost of living for one person is estimated at $2,730 (RS. 2, 73,955.66) per month.



Post Comment

Book Your Online Counselling Session