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

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

It is widely reported that living in Canada brings great opportunity. The country is ranked as one of the most peaceful and most beautiful countries in the world that are open to anybody from different parts of the world. But then, can everyone afford to live in Canada?

If you are moving to Canada, you are required to either be coming to study, visit or work. And whatever the reason you are required to show proof of funding that covers your expenses for the duration of your visit or the first year if you are applying for studies or work.  

Living costs in Canada is not the cheapest but it is affordable especially when compared to living cost in the U.S. this is why you are required to show you have enough funds or a sponsor to cater for your needs before you are issued a visa. This is so that you don’t become a nuisance or stranded in Canada.

Canada over the years has provided job vacancies that have seen immigrants move to the country in their thousands if not hundreds of thousands. Getting a job in Canada ensures that you can afford to live in Canada comfortably, although living comfortably could mean different things for different people.

Living comfortably in Canada is being able to pay your bills and whatever you need without flinging. Not everyone in Canada can boost living comfortably.

Average Cost of Living in Canada

To live comfortably depends on your earnings, the province or city you are residing in, the lifestyle you aim at, and for family members the number of persons in the family. On average, a single person living alone in Canada could spend over CAD 2,711 in a month as a living expense. For a family of 4 persons, the average monthly expenses are at least CAD 5,230.

When you compare the living cost in Canada to that of the U.S. you will discover that living in Canada is cheaper. However, it is more expensive if compared to the living cost in the U.K. and according to World population review, Canada is ranked 28th most expensive country in the world to live in, with the U.S. and the U.K. coming in 25 and 32 respectively.  

Average Living Expenses in Canada

ExpenseCost (Monthly)
Rent (City)1,326.79 C$
Rent (Outside of City)1,116.62 C$
Food$1,158 C$
Transportation (Public – one-way)3.25 C$
Transportation (Public – monthly)91 C$
Gasoline (1L)1.12 C$
Utilities (Electricity, cooling, water, heating, garbage)164.64 C$
Utilities (Internet – 60 Mbps or more/ Unlimited data/ Cable or ADSL)78.82 C$
Sports & Leisure (Fitness club)50.99 C$
Childcare (Private pre-school)990.48 C$
Childcare (Primary school – monthly)1179.50 C$

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