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    What Is the Cost of Living in Vancouver?

    vancouver-cost-of-living
    (source: britannica)

    People from every corner of the globe move to Vancouver as it is one of the safest, cleanest and offers its residents a multi-cultural and vibrant lifestyle. The cost of living in Vancouver is one of the highest in Canada, along with Toronto.

    In this article, we will talk about monthly expenses for living in Vancouver!

    What Is the Average Cost of Living in Vancouver?

    Knowing the monthly spending before moving to a new city is very important to plan the expenses beforehand. The approximate cost of living in Vancouver for a family of four per month is 4,4100 C$ without rent, and that of a single person is 1,200 C$.

    What Are the Top Expenses of Living in Vancouver?

    The various parameters that impact the monthly expense of an individual living in Vancouver are –

    1. Accommodation

    After moving to Vancouver, the most difficult task will be finding a decent housing space for yourself. Owing to Vancouver's competitive housing market, getting hold of affordable living space is stressful. Furthermore, the monthly rents of property vary from region to region within the city.

    Classification of Accommodation

    Location

    Average Rent Per Month

    1 BHK

    Centre of the City

    2,000 C$

    2 BHK

    Centre of the City

    2,800 C$

    3 BHK

    Centre of the City

    3,650 C$

    1 BHK

    Outside the Centre of Dublin

    1,600 C$

    2 BHK

    Outside the Centre of Dublin

    2,200 C$

    3 BHK

    Outside the Centre of Dublin

    2,800 C$

    The table illustrated below shows the approximate cost of buying a property in Vancouver –

    Accommodation Type

    Location

    Cost Per Square Metre

    Apartment

    Centre of the City

    12,000 C$

    Apartment

    Outside the Centre of Vancouver

    9,000 C$

    2. Groceries

    Apart from the monthly rent, the prices of grocery items are high. However, due to the high salary of an individual working in Vancouver, the overall cost of groceries will be nominal.

    Grocery Items

    Approximate Cost

    Milk (regular) (1 litre)

    2 C$

    Fresh Bread (500g)

    3 C$

    Rice (white) (1kg)

    4 C$

    Eggs (regular) (1 dozen)

    5 C$

    Local Cheese (1kg)

    15 C$

    Chicken 1 kg (boneless)

    15 C$

    Apples (1kg)

    4 C$

    Banana (1kg)

    2 C$

    Oranges (1kg)

    4 C$

    Tomato (1kg)

    5 C$

    Potato (1kg)

    3 C$

    Onion (1kg)

    3 C$

    Lettuce (1 head)

    2 C$

    3. Basic Utilities

    The average cost of utilities in Vancouver also impacts the overall monthly budget. There are several mobile networks and internet providers that offer decent connectivity throughout the year.

    Utilities

    Approximate Cost

    Electricity, cooling, heating, water, garbage

    95 C$

    Local prepaid mobile tariff (1 min)

    0.31 C$

    Unlimited internet package

    86 C$

    4. Transportation

    Vancouver has an efficient public transportation system known as TransLink that connects every corner of the city with a network of trains, buses and ferries. The table below shows the monthly cost of various modes of transportation –

    Fuel Cost/Transportation Service

    Approximate Cost

    One-way ticket (public transport)

    3 C$

    Monthly pass (public transport)

    120 C$

    Taxi 1 km normal tariff

    2 C$

    Price of diesel (as of 20th June)

    2.71 C$

    Price of gasoline (as of 20th June)

    2.68 C$

    Cabs (minimum cost)

    3.25 C$

    [1][2]

    5. Entertainment and Leisure

    Vancouver has multiple cinemas, theatres, parks and pubs where a person can relax after working hard. However, the expenses vary depending on how much time they spend in this area.

    Area of Expense

    Approximate Cost

    1 month gym membership

    55 C$

    1 hour rent for a tennis court

    16 C$

    1 seat at a cinema hall

    15 C$

    Meal in an affordable restaurant (1 person)

    20 C$

    Three-course meal in a mid-range restaurant

    80 C$

    McMeal at McDonald's

    12 C$

    6. Schooling and Childcare

    Expats who move to the city with their children can send their kids for education and training to a public school at no cost. However, parents who prefer to admit their children to private schools have to pay high tuition fees.

    School and Childcare

    Approximate Cost

    Preschool, private, full-day for 1 child (monthly)

    1,300 C$

    International primary school for 1 child (yearly)

    27,000 C$

    The table below shows some of the best schools in Vancouver –

    Name of School

    Curriculum

    Collingwood School (Morven Campus)

    British Columbia

    Mulgrave School

    British Columbia

    Rockridge Secondary School

    British Columbia/MYP

    Sentinel Secondary School

    British Columbia

    Shawnigan Lake School

    British Columbia

    How Expensive Is Vancouver Compared to Other Top Cities?

    A global survey conducted in 2022 names Vancouver the most expensive city to live in Canada. The prices of grocery items are 1.92% higher in Vancouver than in Los Angeles. The rental prices in Vancouver are 64.09% higher than those in California.

    These are all the information related to the cost of living in Vancouver. To summarise, it is very important for everyone to manage their expenses wisely in this city in order to lead a hassle-free and comfortable stay in this fantastic city.

    Frequently Asked Questions

    What are some of the best places to live in Vancouver?

    Some of the best places to reside in Vancouver are Kerrisdale, Main and West End.

    Some of the best places to reside in Vancouver are Kerrisdale, Main and West End.

    How much does a single person need to live in Vancouver?

    The approximate cost of living in Vancouver for a single person is 1,200 C$.

    The approximate cost of living in Vancouver for a single person is 1,200 C$.

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    Important Articles about Cost of Living in Different Cities

    Cost of Living in Delhi

    Cost of Living in Bangalore

    Cost of Living in Mumbai

    Cost of Living in Hyderabad

    Cost of Living in Chennai

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    Cost of Living in New York

    Cost of Living in Toronto

    Cost of Living in Berlin

    Cost of Living in Pune

    Cost of Living in Ahmedabad

    Cost of Living in Jaipur

    Cost of Living in Cali

    Cost of Living in Dublin

    Cost of Living in Surat

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    Cost of Living in Tokya

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    Cost of Living in Amsterdam

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    Disclaimer: This information is added only for informative purposes and collected from different sources across the Internet. Digit Insurance is not promoting or recommending anything here. Please verify the information before making any decisions.

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    3. Cost of Living
    4. Cost of Living in Vancouver

    Last updated: 2023-09-22

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