Family of four estimated monthly costs are 3,310$ (4,268C$) without rent. A single person estimated monthly costs are 920$ (1,186C$) without rent. Cost of living in Canada is, on average, 0.92% lower than in United States. Rent in Canada is, on average, 23.97% lower than in United States.

Is Canada expensive to live in?

The cost of living in Canada

Canada consistently ranks as one of the most expensive places to live in the world, though it also has one of the world's highest median incomes. In fact, the median income in Canada is approximately $37,800, which is among the top 20 in the world.

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

According to the Canadians polled by financial services firm Edward Jones, the magic number is—wait for it—$250,000 per person, per year. After tax, that figure drops significantly (to $155,000 in B.C., for example), but it's still nearly triple the $56,000 in after-tax income that the average Canadian makes.