Cost Of Living For a Couple in Halifax 2025

Couple cost of living chart - average monthly expenditure in Halifax

Average Monthly Expenditure

Currency: CAD
2,200 6,700 36,000
MINIMUM AVERAGE MAXIMUM
$1,700 $5,000 $26,000

Average monthly spending for couples in Halifax

How much money does a couple need in a month to survive in Halifax?

Couples in Halifax spend around 6,700 CAD per month on average. Depending on the lifestyle, a couple can survive with a monthly budget as low as 2,200 CAD or as high as 36,000 CAD. Location and income are very important factors and have a huge influence on expenditure and budget.


Prices and cost of goods and services in Halifax


Chart showing the prices and cost of grocery, food, restaurant meals, market, and beverages in Halifax

Dining, food, and beverages costs


Fast food combo meal

6.6 CAD 13 CAD 22 CAD
MINIMUM AVERAGE MAXIMUM
$4.9 $9.8 $16

Restaurant meal for one

22 CAD 33 CAD 65 CAD
MINIMUM AVERAGE MAXIMUM
$16 $24 $48

Fine dining meal for one

43 CAD 65 CAD 260 CAD
MINIMUM AVERAGE MAXIMUM
$32 $48 $190

Cappuccino or latte

5.5 CAD 8.9 CAD 13 CAD
MINIMUM AVERAGE MAXIMUM
$4.1 $6.5 $9.8

Grocery and market costs


Milk large bottle

4.4 CAD 5.3 CAD 6.6 CAD
MINIMUM AVERAGE MAXIMUM
$3.3 $3.9 $4.9

12 eggs

3.3 CAD 4.4 CAD 6.6 CAD
MINIMUM AVERAGE MAXIMUM
$2.4 $3.3 $4.9

Fresh whole chicken

7.6 CAD 9.8 CAD 14 CAD
MINIMUM AVERAGE MAXIMUM
$5.6 $7.2 $10

Pack of beef

8.9 CAD 13 CAD 27 CAD
MINIMUM AVERAGE MAXIMUM
$6.5 $9.8 $20

Medium bag of rice

3.6 CAD 4.9 CAD 6.9 CAD
MINIMUM AVERAGE MAXIMUM
$2.6 $3.6 $5.1

Bag of tomatos

1.3 CAD 1.8 CAD 3.3 CAD
MINIMUM AVERAGE MAXIMUM
$0.98 $1.3 $2.4

Bag of apples

2.4 CAD 3.1 CAD 5.1 CAD
MINIMUM AVERAGE MAXIMUM
$1.7 $2.3 $3.8
Chart showing the prices and cost of commute, travel, and transportation in Halifax


Commute, travel, and transportation costs


20 minutes taxi ride

5.4 CAD 6.5 CAD 13 CAD
MINIMUM AVERAGE MAXIMUM
$4 $4.8 $9.6

Average car full tank

33 CAD 44 CAD 89 CAD
MINIMUM AVERAGE MAXIMUM
$24 $33 $65

Average car 1-day rental

32 CAD 43 CAD 64 CAD
MINIMUM AVERAGE MAXIMUM
$23 $31 $47

Average car price

17,000 CAD 33,000 CAD 44,000 CAD
MINIMUM AVERAGE MAXIMUM
$12,000 $24,000 $33,000

Bus ticket one way

1.1 CAD 1.6 CAD 3.2 CAD
MINIMUM AVERAGE MAXIMUM
$0.78 $1.2 $2.3

Car Service

43 CAD 64 CAD 130 CAD
MINIMUM AVERAGE MAXIMUM
$31 $47 $94
Chart showing the prices and cost of utility, energy, water, and gas in Halifax


Utility cost (monthly)


Utility Bill - Couple

90 CAD 300 CAD 2,000 CAD
MINIMUM AVERAGE MAXIMUM
$66 $220 $1,500

Internet and cable

33 CAD 66 CAD 89 CAD
MINIMUM AVERAGE MAXIMUM
$24 $49 $65

Mobile phone charges

27 CAD 44 CAD 130 CAD
MINIMUM AVERAGE MAXIMUM
$20 $33 $98

Leisure and activities costs


Movie ticket

17 CAD 22 CAD 33 CAD
MINIMUM AVERAGE MAXIMUM
$12 $16 $24

One month gym membership

51 CAD 64 CAD 130 CAD
MINIMUM AVERAGE MAXIMUM
$38 $47 $94
Chart showing the prices and cost of clothing and accessories in Halifax


Cloths and accessories costs


Pair of jeans or pants

38 CAD 53 CAD 80 CAD
MINIMUM AVERAGE MAXIMUM
$28 $39 $59

Woman dress

35 CAD 49 CAD 160 CAD
MINIMUM AVERAGE MAXIMUM
$26 $36 $120

Woman shoes

34 CAD 46 CAD 110 CAD
MINIMUM AVERAGE MAXIMUM
$25 $34 $78

Men's shoes

29 CAD 35 CAD 71 CAD
MINIMUM AVERAGE MAXIMUM
$21 $26 $52

Men suit

32 CAD 40 CAD 210 CAD
MINIMUM AVERAGE MAXIMUM
$23 $29 $160

Regular t-shirt

16 CAD 21 CAD 64 CAD
MINIMUM AVERAGE MAXIMUM
$12 $16 $47
Chart showing the prices and cost of housing, accommodation, and rent in Halifax


Housing costs / monthly rent


Studio apartment

530 CAD 800 CAD 2,100 CAD
MINIMUM AVERAGE MAXIMUM
$390 $590 $1,600

1-bedroom apartment

800 CAD 1,300 CAD 3,200 CAD
MINIMUM AVERAGE MAXIMUM
$590 $940 $2,300

2-bedroom apartment

1,100 CAD 1,600 CAD 4,300 CAD
MINIMUM AVERAGE MAXIMUM
$780 $1,200 $3,100

Housing costs / Buying


Studio apartment

110,000 CAD 160,000 CAD 320,000 CAD
MINIMUM AVERAGE MAXIMUM
$78,000 $120,000 $230,000

1-bedroom apartment

130,000 CAD 210,000 CAD 800,000 CAD
MINIMUM AVERAGE MAXIMUM
$94,000 $160,000 $590,000

2-bedroom apartment

210,000 CAD 640,000 CAD 1.3M CAD
MINIMUM AVERAGE MAXIMUM
$160,000 $470,000 $940,000
Chart showing the prices and cost of furniture in Halifax


Furniture Costs


King Size Bed

660 CAD 830 CAD 1,100 CAD
MINIMUM AVERAGE MAXIMUM
$490 $610 $810

Double Bed

440 CAD 660 CAD 830 CAD
MINIMUM AVERAGE MAXIMUM
$330 $490 $610

Single Bed

390 CAD 510 CAD 660 CAD
MINIMUM AVERAGE MAXIMUM
$290 $380 $490

Living Room

740 CAD 950 CAD 3,300 CAD
MINIMUM AVERAGE MAXIMUM
$540 $700 $2,400

Dining Table

330 CAD 440 CAD 830 CAD
MINIMUM AVERAGE MAXIMUM
$240 $330 $610

Sofa or Couch

440 CAD 600 CAD 1,300 CAD
MINIMUM AVERAGE MAXIMUM
$330 $440 $980
Chart showing the prices and cost of electronic devices and appliances in Halifax


Electronics and House Appliance Costs


TV Set

440 CAD 660 CAD 1,300 CAD
MINIMUM AVERAGE MAXIMUM
$330 $490 $980

Fridge or Freezer

390 CAD 600 CAD 830 CAD
MINIMUM AVERAGE MAXIMUM
$290 $440 $610

Washing Machine

510 CAD 740 CAD 1,300 CAD
MINIMUM AVERAGE MAXIMUM
$380 $540 $980

Stove or Cooker

470 CAD 600 CAD 830 CAD
MINIMUM AVERAGE MAXIMUM
$350 $440 $610

Mobile Phone

550 CAD 660 CAD 950 CAD
MINIMUM AVERAGE MAXIMUM
$410 $490 $700

Laptop or Computer

600 CAD 740 CAD 1,300 CAD
MINIMUM AVERAGE MAXIMUM
$440 $540 $980
Couple cost of living and expenditure to income ratio in Halifax

Couple expenditure to income ratio in Halifax

Analysing the how affordable it is for couples to live in Halifax

One of the most definite ways to determine how affordable a place is measuring the ratio of expenses to salary. A high expense-to-income to ratio indicates a high cost-of-living index while a low expenditure-to-salary ratio means the place is affordable to live in. Couples usually spend a larger chunk of their income than other population groups. A typical and healthy expenditure percentage for a couple of four ranges between 70% to 80%.


Spending to Income Ratio

73%

65% to 82%

( expenditure / income ) x 100


Couples in Halifax spend around 73% of their monthly income. Some couples spend as low as 65% of their income while some as high as 82%.

Distribution of monthly cost of living expenses of a couple in Halifax

How do couples spend their money in Halifax?

We asked thousands of couples about their spending habits and expenditure break down.


The percentage figures in this section are percentages of total spending not income. If you would like to see the percentage of expenses as related to income or salary, see other sections.

Housing and accomodation expenditure for couples

Accomodation Cost29%

29% of total expenses on average (22% to 39%)

LOW$560   760 CAD
AVERAGE$1,700   2,300 CAD
HIGH$9,000   12,000 CAD
Per Month

Couples in Halifax typically spend from 22% to 39% of their total monthly expenditure on housing with 29% being the average. The average monthly spend on housing is 2,300 CAD with expenditure ranging from 760 CAD to 12,000 CAD. This cost mainly goes for rent but it also includes other accommodation-related expenses.

Electricity, utilities, energy, water, internet, and mobile expenditure for couples

Cost of utilities6%

6% of total expenses on average (4% to 10%)

LOW$66   90 CAD
AVERAGE$220   300 CAD
HIGH$1,500   2,000 CAD
Per Month

Utility expenditure like electricity, water, and gas in Halifax ranges from 4% to 10% of total expenses with 6% being the average for most couples. The average monthly cost of utilities is 300 CAD with 90 CAD and 2,000 CAD being the upper and lower limits for a couple of four.

Transport, fuel, and commute expenditure for couples

Cost of transport and fuel10%

10% of total expenses on average (4% to 15%)

LOW$200   270 CAD
AVERAGE$600   810 CAD
HIGH$3,200   4,300 CAD
Per Month

Fuel consumption and cost of transport depend heavily on whether a couple resides near school and work, but roughly speaking a couple would expect to spend from 270 CAD to 4,300 CAD in a month on commuting with 810 CAD being the norm for most couples. This means that money spent on transport constitutes about 10% of total spending on average but can go as low as 4% or as high as 15%.

Food, groceries, and basic shopping expenditure for couples

Food and Groceries Cost16%

16% of total expenses on average (11% to 21%)

LOW$230   310 CAD
AVERAGE$690   940 CAD
HIGH$3,700   5,000 CAD
Per Month

The average outlay on groceries and basic houshold items for a typical couple in a month in Halifax is 940 CAD. The cost of groceries can range between 310 CAD to 5,000 CAD. Couples spend on average about 16% on food and groceries with upper and lower bounds of 11% and 21% respectively.

Healthcare and medical services expenditure for couples

Cost of healthcare13%

13% of total expenses on average (7% to 17%)

LOW$180   250 CAD
AVERAGE$550   740 CAD
HIGH$2,900   4,000 CAD
Per Month

Couples in Halifax allocate 7% to 17% of their total monthly expenditure to healthcare including health insurance and out-of-pocket medical expenses. The average spending on medical services and clinic visits is around 13%. The range of medical expenses range from 250 CAD to 4,000 CAD with 740 CAD being the norm for most couples.

Leisure and shopping expenditure for couples

Cost of leisure and shopping5%

5% of total expenses on average (2% to 8%)

LOW$99   130 CAD
AVERAGE$300   400 CAD
HIGH$1,600   2,200 CAD
Per Month

This category mostly contains discretionary or non-essential expenses but also some non-discretionary spending like furniture for example. The monthly expenses range from 130 CAD to 2,200 CAD with 400 CAD being the average. Speaking of percentages, that equates to 2% to 8% of total expenses with an average of 5% for most couples.

Education and schooling expenditure for couples

Cost of education and schooling2%

2% of total expenses on average (1% to 4%)

LOW$33   45 CAD
AVERAGE$99   130 CAD
HIGH$530   720 CAD
Per Month

Spending on education can vary drastically between different couples. On average, education constitutes 2% of the monthly expenditure of couples with 1% and 4% being the lower and upper bounds respectively. The average reported education cost is 130 CAD per month with 45 CAD being the minimum spent amount and 720 CAD being the maximum.

Other Expenses19%

19% of total expenses on average (13% to 25%)

LOW$280   380 CAD
AVERAGE$840   1,100 CAD
HIGH$4,500   6,100 CAD
Per Month
Percentage of couples who manage to save money from their income every month in Halifax

What percentage of couples in Halifax are able to save money and how much can they save?


Percentage of couples that reported their ability to save money


Saving Money
65%
Not Saving
35%

Almost 65% of surveyed couples in Halifax said that they can save some money at the end of each month while 35% reported that they have to utilize their whole income to survive.


Couple savings to income ratio in Halifax

Savings-to-Income Ratio

The savings-to-income ratio is measured as the percentage of income that people save over a specific period and it is simply calculated by dividing the saved money by total income and then multiplying the result by 100. (Savings / Income) x 100.


How much money do couples manage to add to their savings?

The amount of money that people can afford to save depends hugely on their income. It is better to focus on the percentage when trying to understand saving patterns.

Saving to Income Ratio

13% 23% of income 32%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

940 CAD
$690
2,800 CAD
$2,100
15,000 CAD
$11,000
MINIMUM AVERAGE MAXIMUM

Savings to income distribution levels for couples

Saving To Income Ratio% Couples
0% - 10%33%
10% - 20%25%
20% - 30%19%
30% - 40%11%
40% - 50%9%
> 50%3%

Interpretation and Analysis

Couples that are able to save money can put anywhere from 13% to 32% of their monthly income to their savings, with 23% being the average for most couples. The average monthly amount of money that couples can put aside is 2,800 CAD with 940 CAD and 15,000 CAD being the minimum and maximum respectively.

Reasons that make it difficult for couples to save money in Halifax

Saving Challenges in Halifax

Reasons that make it difficult for couples to save money

We wanted to understand what is stopping couples from maximizing their savings in Halifax. Listed below are the answers given by the survey participants.


Reason% People
Low Income6%
High Expenses9%
Debt and Loans18%
Lack of Budgeting Skills10%
Impulsive Spending10%
Financial Emergencies6%
Living the moment7%
Will do it later17%
Inflation11%
Social Pressure3%
Market Instability3%

Around 6% of the couples said that their salary is too low to accommodate a portion for savings while 9% said that the high cost of living leaves little room for savings. 18% of the residents said that they are burdened with debt and find it challenging to save money. 10% reported that they just don't have the knowledge or discipline to create and stick to a budget, leading to overspending and an inability to save. 10% of couples blamed impulsive spending as the reason for saving inability. Around 6% said that unexpected expenses like medical bills or car repairs are derailing their savings goals. 7% bluntly said that they don't see the purpose of it and prefer to live each day to the fullest. 17% reported that they understand the value of saving but are putting off saving for the future, thinking they have plenty of time to start later. 11% blamed inflation, saying that every time they save some money they end up using it immediately. A surprising 3% said that social pressure and keeping up with peers or social expectations makes them overspend. Lastly, 3% blamed market instability and price fluctuations.

Where do couples choose to put their savings in Halifax

Typical saving choices for couples in Halifax

Where do people choose to put their savings?


Saving Type% People
Emergency Funds11%
Gold10%
Savings Accounts17%
Retirement Accounts11%
Cash Savings16%
Real Estate10%
Investment6%
Stocks6%
Bonds6%
Mutual Funds3%
Certificates of Deposit3%
A typical and healthy budgeting structure. The 50-30-20 rule

A typical and healthy budgeting structure

The 50/30/20 rule

Spending among different people can vary significantly based on factors such as their income, lifestyle, location, and personal preferences. A commonly used guideline for budgeting is the 50/30/20 rule, which suggests allocating your income into three main categories in the following percentages.

  • 50% for needs and financial obligations

    This category includes essential expenses like housing, utilities, groceries, transportation, and healthcare.

  • 30% for wants and discretionary spending

    This category covers discretionary spending on non-essential items, such as dining out, entertainment, travel, and other lifestyle choices.

  • 20% for savings and emergency fund

    This is the percentage that must be allocated to savings, emergency funds, and retirement accounts.

About financial planning, money management, and household budgeting

The 50/30/20 rule is used as a general guideline but may not be the best choice for all people. There are in fact many budgeting plans out there like the 70/20/10 and the 60/20/20 rules, all claiming to be the best. More important than all of this is to establish financial discipline by creating a budget tailored to your specific financial goals and situation. It is very important that your financial outflow be less than your income to maintain a healthy cash flow.

Income and cost of living compatibility. Is it affordable or economical for couples to live in Halifax

Affordable living in Halifax

Income and cost of living compatibility

We asked couples one simple question and recorded their answers.

Is it affordable or economical to live in Halifax?


Yes
76%
No
24%

Around 76% of surveyed couples think that living in Halifax is affordable with proper budgeting while 24% reported that it is just too expensive and not affordable even with frugality and thriftness.

How easily is cost-cutting for couples. Are there plenty of low-cost options in Halifax

Low-cost alternatives in Halifax

People are always looking for ways to cut down expenses and reduce expenditures. The hallmark of any affordable place is the availability of discount stores, bargain deals, smart or secondhand shopping, refurbished items, and couponing. We asked couples how easily cost-cutting is and the answers were distributed as follows:

Plenty of low-cost options59%

Few low-cost options41%


Based on the survey, 59% of the couples living in Halifax have no problem finding low-cost alternatives to support a frugal lifestyle while 41% think that thriftness is difficult due to scarcity in discount markets and secondhand outlets.

Emergency Funds For Couples

An emergency fund is a financial safety net comprised of easily accessible savings set aside to cover unexpected expenses or financial emergencies, typically amounting to three to six months' worth of living expenses. We asked couples of Halifax whether they have an emergency fund and the answers were as follows.

Yes74%

No26%


Based on the survey, 26% of the couples living in Halifax said that they don't have an emergency fund while 74% said that they do.

Financial literacy and difficulty in budgeting and financial planning for couples in Halifax

Financial Literacy in Canada

Financial literacy is the knowledge of concepts and principles related to personal finance that allow individuals to make informed decisions regarding their money such as budgeting, saving, investing, borrowing, managing debt, financial risk management, and planning.

Financial Leteracy75%


We asked couple guardians and parents in Halifax whether they acquired any adequate personal financial training in their lives. Approximately 25% of the people who participated in the survey said that they are not well informed about the topics of budgeting, saving, etc., and just manage things based on their own experience, while 75% said that they know about the general principles of personal finance from sources other than their own experience.


Difficulty in Budgeting and Financial Planning

We wanted to understand whether couples of Canada have problems or difficulties in managing their expenditures and savings so we asked people one simple question: do you struggle with your personal finances? 21% of the participants reported that they indeed struggle in creating budgets and in organizing their finances while 79% said that they have everything under control.

Struggles with finance21%

Easily manages finances79%

Financial goals and targets of couples living in Halifax

Financial goals of couples in Halifax

In an attempt to understand the economic situation in Halifax, we asked participants about their financial targets. By knowing what the population in general is trying to achieve, we can shed light on the economic outlook, cost of living, and quality of life in general.


Financial Goal% People
Emergency Fund7%
Debt Reduction34%
Retirement Savings8%
Education Funding8%
Homeownership17%
Investing8%
Travel or Lifestyle10%
Healthcare Expenses9%
Financial Independence8%

Around 7% of couples said that their main goal is to establish an emergency fund to cover unexpected expenses while 34% said their number one priority is to pay off high-interest debt or loans and improve credit. 8% of surveyed people confirmed that saving for retirement to ensure a comfortable lifestyle in the final years is their main target. Around 8% reported that their priority is saving for the tuition fees and education costs of their children while 17% choose to buy a home or pay off existing mortgage before other things. 8% of the population would like to build wealth through investments such as stocks, bonds, mutual funds, or real estate. For 10% of people, saving for vacations or upgrading their lifestyle is the number one concern. Approximately 9% of the residents said that saving for healthcare expenses including insurance premiums is their main goal.

Chart showing the percentage of couples who are in debt in Halifax

Debt, loans, and mortgages in Halifax


Percentage of couples who are in debt


In Debt
24%
Debt Free
76%

According to the survey, 24% of the couples in Halifax have some kind of debt, loan, mortgage, or credit card payments while 76% reported that they don't have financial obligations to banks.


Chart showing debt-to-income ratio in Halifax

Debt-to-income ratio in Halifax

Debt to income ratio

25%

16% to 34%

( monthly debt payment / monthly income ) x 100

Interpretation

The debt-to-income ratio measures the percentage of income being paid as debt settlement across the population. It is calculated by dividing the monthly debt settlement payment of an individual by their monthly income. Based on collected data, approximately 25% of a couple's monthly income in Halifax goes to debt settlement.


Debt levels

Monthly debt settlement payment as percentage of monthly income

Debt-to-income ratio% People
> 60%3%
50% - 60%12%
40% - 50%12%
30% - 40%14%
20% - 30%15%
10% - 20%18%
0% - 10%27%

According to our data, 3% of the debtors in Halifax pay 60%+ of their income as debt settlement while 12% of the people pay 50% to 60% of their income for the same, which is quite an alarming financial situation for those individuals. 12% of people in debt dedicate 40% to 50% of their income to loan and mortgage payments while 14% dedicated 30% to 40% of income for same. Things are looking brighter for 15% of individuals as they only pay 20% to 30% of their income for loan and credit card repayment.


Distribution by type of debt in Halifax

Debt% People
Real Estate Mortgage13%
Auto Loan22%
Student Loan3%
Credit Card25%
Personal Loan37%

13% of debtors in Halifax confirm that real estate mortgages constitutes the main part of their outstanding debt while 25% say that credit card payments are the reason they are in debt. Auto loans were the main type of debt for 22% of people and personal loans rose at 37%. Lastly, student loans are the main source of debt for 3% of debtors in Halifax.


About credit score and debt management

Managing debt is a critical aspect of maintaining a favorable credit score. Debt reduction is the first thing you should do improve your financial situation. Getting rid of debt takes precedence over saving money because of interest rates.

Good debt vs. Bad debt

Not all debt is bad. Good debt typically refers to borrowing money for investments that can increase in value or generate income over time like purchasing a home or acquiring student loans. On the other hand, bad debt involves borrowing for things that fail to generate lasting value like high-interest credit card debt used for non-essential expenses like luxury items or vacations.


Loan Affordability Index in Halifax

Besides measuring the loan-to-income ratio, we asked couples of Halifax how many times in a year they defaulted or were unable to pay their due credit card or loan payments on time. Understanding how often people default on their due payments is one of the indicators of the cost of living and economic situation.

Frequency and percentage of people who failed to pay their monthly credit card or loan payments on time last year.

Frequency% People
Never55%
Once a year22%
Twice a year11%
Three times a year8%
Four times a year4%
Housing and accommodation affordability, property price to income ratio, rent to income ratio, and housing affordability index chart in Halifax

Housing costs, accommodation, and housing affordability in Halifax

Rental costs and house/apartment prices can vary drastically between different areas and locations.


Rent Cost in Halifax

Monthly Rent Prices

Studio apartment monthly rent cost

530 CAD 800 CAD 2,100 CAD
MINIMUM AVERAGE MAXIMUM
$390 $590 $1,600

1-bedroom apartment monthly rent cost

800 CAD 1,300 CAD 3,200 CAD
MINIMUM AVERAGE MAXIMUM
$590 $940 $2,300

2-bedroom apartment monthly rent cost

1,100 CAD 1,600 CAD 4,300 CAD
MINIMUM AVERAGE MAXIMUM
$780 $1,200 $3,100

3-bedroom apartment monthly rent cost

1,300 CAD 2,100 CAD 5,800 CAD
MINIMUM AVERAGE MAXIMUM
$940 $1,600 $4,300

Furnished apartment monthly rent cost

2,600 CAD 6,400 CAD 13,000 CAD
MINIMUM AVERAGE MAXIMUM
$1,900 $4,700 $9,400

Townhouse monthly rent cost

2,100 CAD 3,200 CAD 9,100 CAD
MINIMUM AVERAGE MAXIMUM
$1,600 $2,300 $6,700

House monthly rent cost

2,600 CAD 6,400 CAD 13,000 CAD
MINIMUM AVERAGE MAXIMUM
$1,900 $4,700 $9,400

Villa monthly rent cost

3,200 CAD 8,000 CAD 13,000 CAD
MINIMUM AVERAGE MAXIMUM
$2,300 $5,900 $9,400

The monthly rental cost of a studio apartment in Halifax ranges between 530 CAD and 2,100 CAD, meanwhile the cost of monthly rental of a one-bedroom apartment can be anywhere from 800 CAD to 3,200 CAD. Two-bedroom rentals rate ranges between 1,100 CAD and 4,300 CAD per month. The monthly rental for a three-bedroom apartment ranges from 1,300 CAD to 5,800 CAD. The average rent of a townhouse in Halifax is around 3,200 CAD while house rental costs can be as high as 6,400 CAD per month. Finally, if you want to rent a villa, expect to pay anywhere from 3,200 CAD to 13,000 CAD per month.



Apartment and house prices in Halifax

Cost of buying a property

Studio apartment price

110,000 CAD 160,000 CAD 320,000 CAD
MINIMUM AVERAGE MAXIMUM
$78,000 $120,000 $230,000

1-bedroom apartment price

130,000 CAD 210,000 CAD 800,000 CAD
MINIMUM AVERAGE MAXIMUM
$94,000 $160,000 $590,000

2-bedroom apartment price

210,000 CAD 640,000 CAD 1.3M CAD
MINIMUM AVERAGE MAXIMUM
$160,000 $470,000 $940,000

3-bedroom apartment price

710,000 CAD 1.1M CAD 3.2M CAD
MINIMUM AVERAGE MAXIMUM
$520,000 $780,000 $2.3M

Townhouse price

910,000 CAD 2.1M CAD 8M CAD
MINIMUM AVERAGE MAXIMUM
$670,000 $1.6M $5.9M

House price

1.1M CAD 6.4M CAD 9.1M CAD
MINIMUM AVERAGE MAXIMUM
$780,000 $4.7M $6.7M

Villa price

1.3M CAD 7.1M CAD 11M CAD
MINIMUM AVERAGE MAXIMUM
$940,000 $5.2M $7.8M

The average price of a studio apartment in Halifax can range from 110,000 CAD to 320,000 CAD depending on location. One bedroom cost can be anywhere from 130,000 CAD to 800,000 CAD. A villa can cost you 7.1M CAD on average with prices ranging from 1.3M CAD to 11M CAD.


If you're leasing or purchasing, housing costs in Halifax will probably constitute your biggest expenditure, yet it's an area where you wield considerable influence. This is due to the substantial variance in housing prices across communities. Keep in mind the location of your workplace and the accessibility of essential amenities to prevent negating the savings from lower rental rates with increased transportation expenses.

House / apartment prices to income ratio


Property price to income ratio

( average property price / average monthly income ) x 100


43 x129 monthly income 210
MINIMUM AVERAGE MAXIMUM

Property prices in Halifax can be x129 to x210 multiples of the monthly income depending on the property and the income of the person. On average, property prices are approximately x129 multiples of the average monthly salary in Halifax.



Rent to income ratio


Rent to income ratio

( monthly rental / monthly income ) x 100


23% 32% of income 42%
MINIMUM AVERAGE MAXIMUM

The average rent-to-income ratio in Halifax is around 32%. This means that people pay 32% of their income for rent. Those figures can range from 23% to 42% depending on the salary, location, and type of property.


The housing-to-income ratio is a very important metric to evaluate and measure how affordable living is in a particular area, city, or country since housing comprises the biggest chunk of expenditure. A higher housing to income ratio means that the place is relatively expensive. The figure by itself does tell much. It only starts to make sense when comparing the housing to income ratio across different locations.

Housing affordability index

The housing affordability index measures how affordable accommodation is in a particular place. This can measured in multiple ways, the most common being housing expenditure to total expenditure ratio and the rent to income ratio. The housing expenditure ratio is a figure reported by individuals on the percentage they allocate for housing. Rent to income ratio is calculated by dividing the average monthly rent by the average income. Because these values are both percentages, we can find their average and get the best of the two worlds.

Housing Affordability Index
30%

Property Taxes

Real estate owners pay property taxes to local tax authorities, which are determined by the assessed value of their property. Typically, these taxes are paid once a year. Property tax funds contribute to community development, financing infrastructure improvements, public services, and local education initiatives.


FROM
2.4%
AVERAGE
3.3%
TO
4.3%

Home Maintenance Costs

Home maintenance costs encompass various expenses associated with the upkeep and repair of a residence. These expenditures include regular tasks such as lawn care, pest control, and HVAC system servicing, as well as occasional repairs and renovations like fixing leaks, painting, or replacing appliances.


9 CAD 120 CAD 1,200 CAD
MINIMUM AVERAGE MAXIMUM

Urban vs. rural living costs

Urban living typically entails higher housing and transportation costs due to demand and limited space, while rural areas generally offer lower housing expenses but may have higher prices for goods and services. The differnce in rental rates between urban areas and rural areas can be as high as 300% in some cases.

Monthly costs and expenses of energy and basic utilities in Halifax

Utilities expenditure can vary slightly between different areas and locations.


Energy, electricity, water, gas, internet, and mobile cost in Halifax

Utility Bill Cost / Electricity + Water + Gas / Couple

90 CAD 300 CAD 2,000 CAD
MINIMUM AVERAGE MAXIMUM
$66 $220 $1,500

Internet and cable cost

33 CAD 66 CAD 89 CAD
MINIMUM AVERAGE MAXIMUM
$24 $49 $65

Mobile phone bill and charges

27 CAD 44 CAD 130 CAD
MINIMUM AVERAGE MAXIMUM
$20 $33 $98

Because most utility bills club electricity, water, and gas costs in one bill, we can't provide a breakup for each type of utility and will display electricity, gas, and water as single cost.


The average monthly energy and water consumption of couples is around 300 CAD. The cost of internet and WiFi ranges from 33 CAD to 89 CAD with 66 CAD being the average internet bill. Finally, the average monthly mobile charges is around 44 CAD but can range between 27 CAD and 130 CAD depending on consumption. Mobile charges include both calling minutes as well as data packages.


Energy / Utility expense to income ratio


( monthly utility expenses / monthly income ) x 100


1.9% 4.7% of income 8.5%
MINIMUM AVERAGE MAXIMUM

The average utility-to-income ratio in Halifax is around 4.7%. This means that people pay 4.7% of their income for energy, water, internet, and mobile charges. Those figures can range from 1.9% to 8.5% depending on salary and location.

Food Prices, Dining Expenses, and Grocery Costs in Halifax

Grocery / Food expenditure and prices can vary drastically between different areas and locations.


Prices and cost of goods and services in Halifax

Dining out, food, and beverages costs. Price variations for common food items.

Fast food combo meal price

6.6 CAD 13 CAD 22 CAD
MINIMUM AVERAGE MAXIMUM
$4.9 $9.8 $16

The average price of a regular combo meal at a fast food outlet or chain like McDonald's, Pizzahut, or KFC in Halifax is approximatly 13 CAD with meal cost ranging from 6.6 CAD to 22 CAD. The typical combo meal consists of a burger, french fries, and a drink.

Restaurant meal for one price

22 CAD 33 CAD 65 CAD
MINIMUM AVERAGE MAXIMUM
$16 $24 $48

If you are planning to have a nice meal at a mid-range restaurant, expect to pay anywhere between 22 CAD and 65 CAD with 33 CAD being the average price of a plate for one person at a regular restaurant in Halifax.

Fine dining meal for one price

43 CAD 65 CAD 260 CAD
MINIMUM AVERAGE MAXIMUM
$32 $48 $190

The price range of a meal at fine-dining restaurant is 43 CAD to 260 CAD with the average cost being 65 CAD for one person. This is what you would expect to pay a top-tier diner in Halifax.

Beverage prices, cappuccino, latte etc..

5.5 CAD 8.9 CAD 13 CAD
MINIMUM AVERAGE MAXIMUM
$4.1 $6.5 $9.8

The average price of a regular beverage like cappuccino or latte at Starbucks, Costa, or similar coffee shops and cafes in Halifax is around 8.9 CAD. Price ranges between 5.5 CAD and 13 CAD depending on the type of beverage, the size, and optional add-ons.



Grocery and market costs

Large bottle of milk price

4.4 CAD 5.3 CAD 6.6 CAD
MINIMUM AVERAGE MAXIMUM
$3.3 $3.9 $4.9

The average price of a large bottle of milk in Halifax is 5.3 CAD. The maximum what you would pay for milk is 6.6 CAD and the minimum being 4.4 CAD depending on the brand of milk and other properties.

12 eggs price

3.3 CAD 4.4 CAD 6.6 CAD
MINIMUM AVERAGE MAXIMUM
$2.4 $3.3 $4.9

A dozen eggs costs around 4.4 CAD on average with 3.3 CAD and 6.6 CAD being the lower and upper limits respectively.

Fresh whole chicken price

7.6 CAD 9.8 CAD 14 CAD
MINIMUM AVERAGE MAXIMUM
$5.6 $7.2 $10

The price range of a fresh whole chicken in Halifax is between 7.6 CAD and 14 CAD depending on the size of the chicken and whether it is oraganic or not. The average price is approximatly 9.8 CAD.

Pack of beef price

8.9 CAD 13 CAD 27 CAD
MINIMUM AVERAGE MAXIMUM
$6.5 $9.8 $20

The price of a regular pack of beef or meat is around 13 CAD. A pack of beef contains around 1Kg or 1lb depending on packing.

Medium bag of rice price

3.6 CAD 4.9 CAD 6.9 CAD
MINIMUM AVERAGE MAXIMUM
$2.6 $3.6 $5.1

A bag of rice in Halifax costs around 4.9 CAD on average with prices rangeing between 3.6 CAD and 6.9 CAD depending on the brand and quality.

Bag of tomatos price

1.3 CAD 1.8 CAD 3.3 CAD
MINIMUM AVERAGE MAXIMUM
$0.98 $1.3 $2.4

A bag of tomatoes costs anywhere from 1.3 CAD to 3.3 CAD. A bag of tomatoes denotes 1Kg or 1lb depending on location.

Bag of apples price

2.4 CAD 3.1 CAD 5.1 CAD
MINIMUM AVERAGE MAXIMUM
$1.7 $2.3 $3.8

A bag of apples costs 3.1 CAD on average. A bag of apples denotes 1Kg or 1lb depending on location.


Grocery and food expenditure to income ratio


( monthly grocery expenses / monthly income ) x 100


16% 24% of income 29%
MINIMUM AVERAGE MAXIMUM

The average grocery-to-income ratio in Halifax is around 24%. This means that couples spend 24% of their income on grocery and basic household items. The expenditure can range from 16% to 29% depending on salary and location.


Expenditure on food and grocery for couples

Couples' spending on grocery ranges from 310 CAD to 5,000 CAD with the location, income, and size of the couple being the most determinite factors.

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