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Cost of Living in Canada: Expenses You Need to Know

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Cost of Living in Canada

With its constantly rising economy and high standard of living, Canada provides limitless possibilities and potential. Every year, the country creates thousands of employment, lowering poverty and boosting the economy. The average cost of living in Canada is around CAD 1,452 for a single person without rent. Generally, larger metropolitan areas like Toronto, Vancouver, and Montreal tend to have higher costs of living compared to smaller cities and rural areas.

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A healthcare institution in the country is a basic human right. Because access to medical care is so quick and easy, Canada’s healthcare system is the greatest in the world. As a result, many candidates choose the country to complete their graduation and postgraduate studies. If you wish to study in Canada, you need to first learn about the cost of living in Canada which is given below:

Cost of Living in Canada

The cost of living in Canada is a critical aspect of financial planning and lifestyle decisions. It may be CAD 1,400 and may go up to CAD 50,000 depending upon it. By understanding the factors that influence the cost of living, students can make informed choices to manage their finances effectively and achieve their desired standard of living.

Students should keep in mind that their expenses while living in Canada might increase or decrease depending on their lifestyle choices. Therefore, you need to budget accordingly. Here’s a proper cost-of-living table that would help you manage your finances better.

Also Read: Cost of Living in Australia: A Guide

Cost of Transportation in Canada

Canada offers various transportation options such as cabs, buses and trains. These will be an expensive factor if you will have to travel to and fro constantly to your university. The following tale will give you an idea of the typical expenses associated with transportation in Canada:

TransportationAverage Cost
One-way Ticket (Local Transport)CAD 3.50 
Monthly Pass (Regular Price)CAD 104.00 
Taxi Start (Normal Tariff)CAD 4.50 
Taxi 1km (Normal Tariff)CAD 2.10 
Taxi 1 hour Waiting (Normal Tariff)CAD 39.00 
Gasoline (1 litre)CAD 1.60 
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)CAD 33,978
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car)CAD 27,778

Cost of Food in Restaurants

In Canada, you’ll find lots of restaurants serving delicious food at affordable costs. For a meal for two at a mid-range restaurant, you might spend around CAD 100. While that might not seem like much on its own, it all adds up when you consider the overall cost of living in Canada. Check out the table below for more info on restaurant costs across the state:

RestaurantsAverage Cost
Meal, Inexpensive RestaurantCAD 22.00 
Meal for 2 People, Mid-range Restaurant, Three-courseCAD 90.00 
McMeal at Mcdonald’s (or Equivalent Combo Meal)CAD 13.00 
Domestic Beer (0.5-litre draught)CAD 7.00 
Imported Beer (0.33-litre bottle)CAD 8.00 
Cappuccino (regular)CAD 4.82 
Coke/Pepsi (0.33-litre bottle)CAD 2.54 
Water (0.33 litre bottle)CAD 2.13 

Cost of Groceries in Restaurants

In Canada, the typical monthly expenditure on groceries is approximately CAD 145, which covers essential food items like food, milk, water, fruits, vegetables and more. Groceries significantly influence the overall cost of living in Canada. Below, you’ll find the grocery items along with their respective costs:

GroceryAverage Cost
Milk (regular), (1 litre)CAD 2.78 
Loaf of Fresh White Bread (500g)CAD 3.30 
Rice (white), (1kg)CAD 4.43 
Eggs (regular) (12)CAD 4.32 
Local Cheese (1kg)CAD 14.76 
Chicken Fillets (1kg)CAD 14.93 
Beef Round (1kg) (or Equivalent Back Leg Red Meat)CAD 18.23 
Apples (1kg)CAD 5.13 
Banana (1kg)CAD 1.87 
Oranges (1kg)CAD 4.80 
Tomato (1kg)CAD 5.01 
Potato (1kg)CAD 3.22 
Onion (1kg)CAD 3.29 
Lettuce (1 head)CAD 3.19 
Water (1.5-litre bottle)CAD 2.30 
Bottle of Wine (Mid-Range)CAD 17.00 
Domestic Beer (0.5 litre bottle)CAD 3.54 
Imported Beer (0.33 litre bottle)CAD 4.19 

Also Read: Cost of Living in Taiwan: A Guide on Expected Expenses

Utility Bills and Expenses in Canada

The utility cost in Canada covers heating, electricity, gas, a mobile plan, and other costs, which is quite reasonable compared to Canada’s overall cost of living. The monthly utility expenses for a single individual in Canada are approximately CAD 199. Below is a breakdown of the basic utility expenses in Canada for international students residing in the area:

Utilities (Monthly)Average Cost
Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 ApartmentCAD 214.12 
Mobile Phone Monthly Plan with Calls and 10GB+ DataCAD 65 
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL)CAD 85.61 

Cost of Sports And Leisure in Canada

In addition to the essential expenses in Canada, various other costs like sports, gym, and Leisure fees need to be considered when calculating the overall cost of living in Canada. These costs may seem low, but they can significantly impact the cost of living in Canada’s budget. Therefore, it’s essential to account for these expenses when planning your finances in Canada to ensure a comprehensive and realistic budget.

Sports And LeisureApprox Cost
Fitness Club, Monthly Fee for 1 AdultCAD 56.82 
Tennis Court Rent (1 Hour on Weekend)CAD 23.75 
Cinema, International Release, 1 SeatCAD 15.00 

Cost of Clothing and Shoes in Canada

The average consumer price in Canada is lower than in other countries, making it relatively affordable for various expenses, like clothing and shoes. Below is the cost of clothing and shoe items in Canada.

Clothing And ShoesAverage Cost
1 Pair of Jeans (Levis 501 Or Similar)CAD 72.91 
1 Summer Dress in a Chain Store (Zara, H&M, …)CAD 51.10 
1 Pair of Nike Running Shoes (Mid-Range)CAD 112.54 
1 Pair of Men Leather Business ShoesCAD 140.91 

Cost of Accommodation in Canada

The cost of rent varies between 1-bedroom and 3-bedroom apartments, with averages of CAD 1,913 and CAD 3,123, respectively. For those seeking more affordable options, cheap 1-bedroom apartments are available at CAD 1,729, while cheap 3-bedroom apartments come in at CAD 2,640. Check out some more costs associated with accommodation in Canada:

Apartment TypeApprox Rent Per Month
Apartment (1 bedroom) in City CentreCAD 1,913 
Apartment (1 bedroom) Outside of CentreCAD 1,729 
Apartment (3 bedrooms) in City CentreCAD 3,123
Apartment (3 bedrooms) Outside of CentreCAD 2,640
The price per Square Meter to Buy an Apartment in the City CentreCAD 9,154.11 
Price per Square Meter to Buy an Apartment Outside of CentreCAD 6,505.95 

City-Wise Cost of Living in Canada

The cost of living in Canada varies significantly from city to city. While cities like Toronto and Vancouver are known for their high costs, others like Montreal and Ottawa offer a more affordable standard of living. So to give you an idea of ​​how much it costs to live in Canada and its city. Please have a look:

City NameAverage Cost of living per year
Cost of Living in Vancouver, BCCAD 38,484
Cost of Living in Toronto, ONCAD 37,000
Cost of Living in Calgary, ABCAD 26,904
Cost of Living in Montreal, QCCAD 25,000
Cost of Living in Ottawa, ONCAD 20,000
Source:numbeo

Cost of Living in Canada Compared to Other Countries

Canada is usually considered a relatively expensive country to live in compared to some countries, it offers a high-quality lifestyle and economic stability. Additionally, the cost of living can vary significantly from country to country. It is essential to consider individual circumstances and preferences when comparing the cost of living in Canada to other countries. So to give you an idea of ​​how the cost of living in Canada compares to other countries, we’ve given the cost of living in other countries (not including rent). Please have a look:

Country NameAverage Cost of livingComparison with Cost of Living in Canada
Cost of Living in the USACAD 1594Higher than Canada
Cost of Living in the UKCAD 1202Lower than Canada
Cost of Living in AustraliaCAD 1513Higher than Canada
Cost of Living in IrelandCAD 1454Approximately equal to Canada
Cost of Living in GermanyCAD 1440Approximately equal to Canada
Cost of Living in DubaiCAD 1480Approximately equal to Canada
Cost of Living in New ZealandCAD 1397Lower than Canada
Cost of Living in South AfricaCAD 811Lower than Canada
Source:numbeo

Average Tuition Fees in Canada

Students in Canada, like those in the majority of industrialised and intelligent countries, have access to free public education until the age of 18. Education in Canada is less expensive than in the United States. In Canada, a single year of a four-year graduate programme costs CAD 22,750 for students living on campus and CAD 11,330 for those living at home. At the same time, premium universities can cost up to CAD 135,000 and CAD 65,000, respectively. 

The college search can be time-consuming, so use the AI University Finder by Leverage Edu to ensure you find the finest college for your course. It organises your educational preferences for you so that you can find the most economical college options available to you. For your reference we have given the cost of UG and PG courses in Canada below:

Cost of UG Courses in Canada

UG CourseApprox Tuition Fees
BusinessCAD 56,000
Computer and ITCAD 55,000
Engineering and technologyCAD 55,000
Social and natural sciencesCAD 53,000 to CAD 56,000

Cost of PG Courses in Canada

PG CourseApprox Tuition Fees
BusinessCAD 52,700
Computer and ITCAD 52,500
Engineering and technologyCAD 52,500
Social and natural sciencesCAD 37,000 to CAD 58,300

Why Choose Canada to Study Abroad?

Every year, hundreds of thousands of international students from all over the world arrive in Canada. When you study in Canada, you are investing in your future. Discover the top reasons to study in Canada as an international student!

  • In Canada, you’ll discover a great standard of living. International students enjoy the same rights and liberties as all Canadians, including respect for human rights, equality, diversity, and a stable, peaceful society.
  • Canada is regarded for providing high-quality education and research possibilities, from elementary to post-secondary degrees. 
  • Canada is a welcoming, secure, and culturally diverse community. Both our neighbourhoods and classes will make you feel at ease.
  • Scholarships and work opportunities are available in Canada to help you pay for your education. Many programmes also provide co-op job assignments or internships to help you gain practical experience while you study.
  • When you use your internationally recognised Canadian qualifications to grow your career, you will get a great return on your investment. Whether you choose to stay in Canada or return home, your Canadian education and network will help you prepare for the future.

Also Read: Cost of Living in Hamburg: A Comprehensive Guide on Hamburg’s Expense

Tips to Save Money in Canada

Whatever your living expenditures in Canada for Indian students are, you can live independently by knowing how to spend wisely. We frequently try to minimise costs and save money, but the key is to be prudent with our money. There are methods for dealing with and minimising the expense of living for Indian students in Canada. Among them are:

Scholarships in Canada

In Canada, there are over 800 scholarships available to international students. The scholarships provide a stipend as well as tuition, housing, travel expenses, and health insurance. The cost of living in Canada for students can be greatly reduced if they obtain a scholarship to pay for and support their education and stay in Canada.

Student Cards

Canada is a country that values and cares about its student population. To reduce the cost of living in Canada for Indian students, the country provides a provision for daily discounts for students. To do so, present your I-card or student card at the time of purchase or payment. These savings are accessible at retail stores, bookstores, restaurants, and on public transit.

Part-Time Jobs in Canada

Part-time jobs in Canada are one of the finest options for Indian students to reduce their monthly living expenses in Canada. The student visa allows you to work various on-campus part-time jobs. You may also apply for an off-campus employment permit after completing six months of education. A Canadian student visa allows international students to work 20 hours per week in part-time occupations in Canada.

Outline Your Priorities

It is critical to make a list of monthly expenses. When it comes to managing their finances, students should be pragmatic. In a word, individuals should stop buying things that they can live without for a few months but continue to buy every month. Determine how much you want to spend on clothing, groceries, entertainment, and so on. Limit your ability to go beyond. Follow the plan.

Things to Consider Before Moving to Canada

If you want to make the most of your stay in Canada, it’s better to research all about the country. Some things that you need to know before you move to Canada include:

  • Culture: Canada is known for its multicultural, respectful and diverse culture. All this can help you in a smoother transition. However, research the customs and culture of the city you’re moving to. It’ll not only help you blend in with locals but also help you feel more comfortable in a new country.
  • Policies: Before you decide to move to Canada, do thorough research on the local laws and regulations. This will help you avoid any unnecessary trouble and educate you on your rights and responsibilities as an international student.
  • Cost of Living: It is necessary to learn about the costs of living in Canada so it helps you make financial adjustments before settling in a new country. 
  • Housing Options: It is important to secure housing before you move to Canada. To make the process easier, you can reach out to Fly Homes.
  • Job Market: Canada offers a diverse job market to international students, which is why it is one of the most preferred destinations for studying abroad. 
  • Climate: You need to be aware of Canada’s climate before you move here. You need to pack the appropriate clothing as the winters here are very rough and you get to experience a lot of snow. You need to be prepared for the climate change beforehand.

Relevant Reads:

Cost of Living in Doha: A Guide on Expected ExpensesCost of Living in Durham: A Comprehensive Guide
Cost of Living in Cambodia: A Guide on Expected ExpensesCost of Living in Indiana: A Guide on Expected Expenses
Cost of Living in Scotland: A Guide on Expected ExpensesCost of Living in Brussels: A Guide on Expected Expenses

FAQs on Cost of Living in Canada

Q.1. What is the cost of living in Canada per month?

Ans. The monthly cost of living in Canada for a student living alone is estimated to be CAD 3365 including rent. Without rent, a single person’s monthly costs are expected to be CAD 1,343.3 The cost of living in Canada is 11.3% lower than in the United States.

Q.2. What salary do you need to live comfortably in Canada?

Ans. Given the factors in this blog, a reasonable estimate for a family of four to live comfortably in Canada would be an annual income of CAD 75,000 to CAD 1,24,195 before taxes. This estimate incorporates the aforementioned fundamental expenses as well as some discretionary spending, savings, and emergencies.

Q.3. Is Canada more costly than India?

Ans. Yes, Canada is costlier than India. Given that a Canadian dollar is worth 61.42 Indian rupees, it is evident that Canada has a greater cost of living than India.

Q.4. How much is rent in Canada per month?

Ans. For a 1 BHK apartment in the city centre, the rent may be close to CAD 1,913.47. Whereas, the rent for a 3BHK in the city centre may be close to CAD 3,123.33.

This was all about the cost of living in Canada. If you wish to know more about the cost of living in various countries, subscribe to Leverage Edu– your trusted study abroad consultant.

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