Cost Of Living For a Family in New Brunswick 2025

Family cost of living chart - average monthly expenditure in New Brunswick

Average monthly spending for families in New Brunswick

We consider a family to be a member of four members, two adults and two children. This is the most common type of family. From the figures below, it should be fairly easy to calculate the average spending for families of different sizes.

Average Monthly Expenditure

Currency: CAD
3,100 9,000 58,000
MINIMUM AVERAGE MAXIMUM
$2,300 $6,600 $43,000

How much money does a family need in a month to survive in New Brunswick?

Families in New Brunswick spend around 9,000 CAD per month on average. Depending on the lifestyle, a family can survive with a monthly budget as low as 3,100 CAD or as high as 58,000 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 New Brunswick


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

Dining, food, and beverages costs


Fast food combo meal

6.8 CAD 14 CAD 23 CAD
MINIMUM AVERAGE MAXIMUM
$5 $10 $17

Restaurant meal for one

22 CAD 33 CAD 66 CAD
MINIMUM AVERAGE MAXIMUM
$16 $24 $48

Fine dining meal for one

44 CAD 66 CAD 260 CAD
MINIMUM AVERAGE MAXIMUM
$32 $48 $190

Cappuccino or latte

5.7 CAD 9 CAD 14 CAD
MINIMUM AVERAGE MAXIMUM
$4.2 $6.7 $10

Grocery and market costs


Milk large bottle

4.5 CAD 5.4 CAD 6.8 CAD
MINIMUM AVERAGE MAXIMUM
$3.3 $4 $5

12 eggs

3.4 CAD 4.5 CAD 6.8 CAD
MINIMUM AVERAGE MAXIMUM
$2.5 $3.3 $5

Fresh whole chicken

7.7 CAD 10 CAD 14 CAD
MINIMUM AVERAGE MAXIMUM
$5.7 $7.3 $10

Pack of beef

9 CAD 14 CAD 27 CAD
MINIMUM AVERAGE MAXIMUM
$6.7 $10 $20

Medium bag of rice

3.6 CAD 5 CAD 7.1 CAD
MINIMUM AVERAGE MAXIMUM
$2.7 $3.7 $5.2

Bag of tomatos

1.4 CAD 1.8 CAD 3.4 CAD
MINIMUM AVERAGE MAXIMUM
$1.00 $1.3 $2.5

Bag of apples

2.4 CAD 3.2 CAD 5.2 CAD
MINIMUM AVERAGE MAXIMUM
$1.8 $2.3 $3.8
Chart showing the prices and cost of commute, travel, and transportation in New Brunswick


Commute, travel, and transportation costs


20 minutes taxi ride

5.5 CAD 6.6 CAD 13 CAD
MINIMUM AVERAGE MAXIMUM
$4 $4.8 $9.7

Average car full tank

34 CAD 45 CAD 90 CAD
MINIMUM AVERAGE MAXIMUM
$25 $33 $67

Average car 1-day rental

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

Average car price

17,000 CAD 34,000 CAD 45,000 CAD
MINIMUM AVERAGE MAXIMUM
$12,000 $25,000 $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 New Brunswick


Utility cost (monthly)


Utility Bill - Family

160 CAD 450 CAD 2,900 CAD
MINIMUM AVERAGE MAXIMUM
$120 $330 $2,100

Internet and cable

34 CAD 68 CAD 90 CAD
MINIMUM AVERAGE MAXIMUM
$25 $50 $67

Mobile phone charges

27 CAD 45 CAD 140 CAD
MINIMUM AVERAGE MAXIMUM
$20 $33 $100

Leisure and activities costs


Movie ticket

17 CAD 23 CAD 34 CAD
MINIMUM AVERAGE MAXIMUM
$12 $17 $25

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 New Brunswick


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 New Brunswick


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 New Brunswick


Furniture Costs


King Size Bed

680 CAD 850 CAD 1,100 CAD
MINIMUM AVERAGE MAXIMUM
$500 $620 $830

Double Bed

450 CAD 680 CAD 850 CAD
MINIMUM AVERAGE MAXIMUM
$330 $500 $620

Single Bed

400 CAD 520 CAD 680 CAD
MINIMUM AVERAGE MAXIMUM
$290 $380 $500

Living Room

750 CAD 970 CAD 3,400 CAD
MINIMUM AVERAGE MAXIMUM
$550 $710 $2,500

Dining Table

340 CAD 450 CAD 850 CAD
MINIMUM AVERAGE MAXIMUM
$250 $330 $620

Sofa or Couch

450 CAD 620 CAD 1,400 CAD
MINIMUM AVERAGE MAXIMUM
$330 $450 $1,000
Chart showing the prices and cost of electronic devices and appliances in New Brunswick


Electronics and House Appliance Costs


TV Set

450 CAD 680 CAD 1,400 CAD
MINIMUM AVERAGE MAXIMUM
$330 $500 $1,000

Fridge or Freezer

400 CAD 620 CAD 850 CAD
MINIMUM AVERAGE MAXIMUM
$290 $450 $620

Washing Machine

520 CAD 750 CAD 1,400 CAD
MINIMUM AVERAGE MAXIMUM
$380 $550 $1,000

Stove or Cooker

480 CAD 620 CAD 850 CAD
MINIMUM AVERAGE MAXIMUM
$360 $450 $620

Mobile Phone

570 CAD 680 CAD 970 CAD
MINIMUM AVERAGE MAXIMUM
$420 $500 $710

Laptop or Computer

620 CAD 750 CAD 1,400 CAD
MINIMUM AVERAGE MAXIMUM
$450 $550 $1,000
Family cost of living and expenditure to income ratio in New Brunswick

Family expenditure to income ratio in New Brunswick

Analysing the how affordable it is for families to live in New Brunswick

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. Families usually spend a larger chunk of their income than other population groups. A typical and healthy expenditure percentage for a family of four ranges between 70% to 80%.


Spending to Income Ratio

80%

71% to 90%

( expenditure / income ) x 100


Families in New Brunswick spend around 80% of their monthly income. Some families spend as low as 71% of their income while some as high as 90%.

Distribution of monthly cost of living expenses of a family in New Brunswick

How do families spend their money in New Brunswick?

We asked thousands of families 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 families

Accomodation Cost29%

29% of total expenses on average (24% to 39%)

LOW$740   1,000 CAD
AVERAGE$2,100   2,900 CAD
HIGH$14,000   19,000 CAD
Per Month

Families in New Brunswick typically spend from 24% to 39% of their total monthly expenditure on housing with 29% being the average. The average monthly spend on housing is 2,900 CAD with expenditure ranging from 1,000 CAD to 19,000 CAD. This cost mainly goes for rent but it also includes other accommodation-related expenses.

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

Cost of utilities4%

4% of total expenses on average (2% to 7%)

LOW$120   160 CAD
AVERAGE$330   450 CAD
HIGH$2,100   2,900 CAD
Per Month

Utility expenditure like electricity, water, and gas in New Brunswick ranges from 2% to 7% of total expenses with 4% being the average for most families. The average monthly cost of utilities is 450 CAD with 160 CAD and 2,900 CAD being the upper and lower limits for a family of four.

Transport, fuel, and commute expenditure for families

Cost of transport and fuel6%

6% of total expenses on average (4% to 8%)

LOW$230   310 CAD
AVERAGE$660   900 CAD
HIGH$4,300   5,800 CAD
Per Month

Fuel consumption and cost of transport depend heavily on whether a family resides near school and work, but roughly speaking a family would expect to spend from 310 CAD to 5,800 CAD in a month on commuting with 900 CAD being the norm for most families. This means that money spent on transport constitutes about 6% of total spending on average but can go as low as 4% or as high as 8%.

Food, groceries, and basic shopping expenditure for families

Food and Groceries Cost20%

20% of total expenses on average (13% to 26%)

LOW$420   570 CAD
AVERAGE$1,200   1,600 CAD
HIGH$7,700   11,000 CAD
Per Month

The average outlay on groceries and basic houshold items for a typical family in a month in New Brunswick is 1,600 CAD. The cost of groceries can range between 570 CAD to 11,000 CAD. Families spend on average about 20% on food and groceries with upper and lower bounds of 13% and 26% respectively.

Healthcare and medical services expenditure for families

Cost of healthcare10%

10% of total expenses on average (6% to 15%)

LOW$210   280 CAD
AVERAGE$660   900 CAD
HIGH$3,400   4,700 CAD
Per Month

Families in New Brunswick allocate 6% to 15% 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 10%. The range of medical expenses range from 280 CAD to 4,700 CAD with 900 CAD being the norm for most families.

Leisure and shopping expenditure for families

Cost of leisure and shopping4%

4% of total expenses on average (2% to 8%)

LOW$120   160 CAD
AVERAGE$330   450 CAD
HIGH$2,100   2,900 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 160 CAD to 2,900 CAD with 450 CAD being the average. Speaking of percentages, that equates to 2% to 8% of total expenses with an average of 4% for most families.

Education and schooling expenditure for families

Cost of education and schooling14%

14% of total expenses on average (7% to 22%)

LOW$320   440 CAD
AVERAGE$930   1,300 CAD
HIGH$6,000   8,200 CAD
Per Month

Spending on education can vary drastically between different families. On average, education constitutes 14% of the monthly expenditure of families with 7% and 22% being the lower and upper bounds respectively. The average reported education cost is 1,300 CAD per month with 440 CAD being the minimum spent amount and 8,200 CAD being the maximum.

Other Expenses14%

14% of total expenses on average (7% to 19%)

LOW$190   250 CAD
AVERAGE$530   720 CAD
HIGH$3,400   4,700 CAD
Per Month
Percentage of families who manage to save money from their income every month in New Brunswick

What percentage of families in New Brunswick are able to save money and how much can they save?


Percentage of families that reported their ability to save money


Saving Money
60%
Not Saving
40%

Almost 60% of surveyed families in New Brunswick said that they can save some money at the end of each month while 40% reported that they have to utilize their whole income to survive.


Family savings to income ratio in New Brunswick

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 families 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

11% 19% of income 28%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

1,300 CAD
$970
3,800 CAD
$2,800
24,000 CAD
$18,000
MINIMUM AVERAGE MAXIMUM

Savings to income distribution levels for families

Saving To Income Ratio% Families
0% - 10%36%
10% - 20%28%
20% - 30%20%
30% - 40%8%
40% - 50%6%
> 50%2%

Interpretation and Analysis

Families that are able to save money can put anywhere from 11% to 28% of their monthly income to their savings, with 19% being the average for most families. The average monthly amount of money that families can put aside is 3,800 CAD with 1,300 CAD and 24,000 CAD being the minimum and maximum respectively.

Reasons that make it difficult for families to save money in New Brunswick

Saving Challenges in New Brunswick

Reasons that make it difficult for families to save money

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


Reason% People
Low Income6%
High Expenses9%
Debt and Loans18%
Lack of Budgeting Skills10%
Impulsive Spending9%
Financial Emergencies6%
Living the moment7%
Will do it later17%
Inflation11%
Social Pressure3%
Market Instability3%

Around 6% of the families 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. 9% of families 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 families choose to put their savings in New Brunswick

Typical saving choices for families in New Brunswick

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 families to live in New Brunswick

Affordable living in New Brunswick

Income and cost of living compatibility

We asked families one simple question and recorded their answers.

Is it affordable or economical to live in New Brunswick?


Yes
76%
No
24%

Around 76% of surveyed families think that living in New Brunswick 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 families. Are there plenty of low-cost options in New Brunswick

Low-cost alternatives in New Brunswick

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 families 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 families living in New Brunswick 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 Families

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 families of New Brunswick whether they have an emergency fund and the answers were as follows.

Yes74%

No26%


Based on the survey, 26% of the families living in New Brunswick 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 families in New Brunswick

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 family guardians and parents in New Brunswick 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 families 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 families living in New Brunswick

Financial goals of families in New Brunswick

In an attempt to understand the economic situation in New Brunswick, 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 Reduction33%
Retirement Savings8%
Education Funding8%
Homeownership17%
Investing9%
Travel or Lifestyle11%
Healthcare Expenses9%
Financial Independence8%

Around 7% of families said that their main goal is to establish an emergency fund to cover unexpected expenses while 33% 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. 9% of the population would like to build wealth through investments such as stocks, bonds, mutual funds, or real estate. For 11% 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 families who are in debt in New Brunswick

Debt, loans, and mortgages in New Brunswick


Percentage of families who are in debt


In Debt
24%
Debt Free
76%

According to the survey, 24% of the families in New Brunswick 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 New Brunswick

Debt-to-income ratio in New Brunswick

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 family's monthly income in New Brunswick 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%11%
30% - 40%13%
20% - 30%15%
10% - 20%18%
0% - 10%28%

According to our data, 3% of the debtors in New Brunswick 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. 11% of people in debt dedicate 40% to 50% of their income to loan and mortgage payments while 13% 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 New Brunswick

Debt% People
Real Estate Mortgage13%
Auto Loan23%
Student Loan3%
Credit Card25%
Personal Loan37%

13% of debtors in New Brunswick 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 23% of people and personal loans rose at 37%. Lastly, student loans are the main source of debt for 3% of debtors in New Brunswick.


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 New Brunswick

Besides measuring the loan-to-income ratio, we asked families of New Brunswick 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 New Brunswick

Housing costs, accommodation, and housing affordability in New Brunswick

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


Rent Cost in New Brunswick

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 New Brunswick 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 New Brunswick 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 New Brunswick

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 New Brunswick 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 New Brunswick 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 New Brunswick 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 New Brunswick.



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 New Brunswick 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
3.4%
TO
4.4%

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 New Brunswick

Utilities expenditure can vary slightly between different areas and locations.


Energy, electricity, water, gas, internet, and mobile cost in New Brunswick

Utility Bill Cost / Electricity + Water + Gas / Family

160 CAD 450 CAD 2,900 CAD
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$120 $330 $2,100

Internet and cable cost

34 CAD 68 CAD 90 CAD
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$25 $50 $67

Mobile phone bill and charges

27 CAD 45 CAD 140 CAD
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$20 $33 $100

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 families is around 450 CAD. The cost of internet and WiFi ranges from 34 CAD to 90 CAD with 68 CAD being the average internet bill. Finally, the average monthly mobile charges is around 45 CAD but can range between 27 CAD and 140 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%
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The average utility-to-income ratio in New Brunswick 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 New Brunswick

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


Prices and cost of goods and services in New Brunswick

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

Fast food combo meal price

6.8 CAD 14 CAD 23 CAD
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$5 $10 $17

The average price of a regular combo meal at a fast food outlet or chain like McDonald's, Pizzahut, or KFC in New Brunswick is approximatly 14 CAD with meal cost ranging from 6.8 CAD to 23 CAD. The typical combo meal consists of a burger, french fries, and a drink.

Restaurant meal for one price

22 CAD 33 CAD 66 CAD
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$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 66 CAD with 33 CAD being the average price of a plate for one person at a regular restaurant in New Brunswick.

Fine dining meal for one price

44 CAD 66 CAD 260 CAD
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$32 $48 $190

The price range of a meal at fine-dining restaurant is 44 CAD to 260 CAD with the average cost being 66 CAD for one person. This is what you would expect to pay a top-tier diner in New Brunswick.

Beverage prices, cappuccino, latte etc..

5.7 CAD 9 CAD 14 CAD
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$4.2 $6.7 $10

The average price of a regular beverage like cappuccino or latte at Starbucks, Costa, or similar coffee shops and cafes in New Brunswick is around 9 CAD. Price ranges between 5.7 CAD and 14 CAD depending on the type of beverage, the size, and optional add-ons.



Grocery and market costs

Large bottle of milk price

4.5 CAD 5.4 CAD 6.8 CAD
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$3.3 $4 $5

The average price of a large bottle of milk in New Brunswick is 5.4 CAD. The maximum what you would pay for milk is 6.8 CAD and the minimum being 4.5 CAD depending on the brand of milk and other properties.

12 eggs price

3.4 CAD 4.5 CAD 6.8 CAD
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$2.5 $3.3 $5

A dozen eggs costs around 4.5 CAD on average with 3.4 CAD and 6.8 CAD being the lower and upper limits respectively.

Fresh whole chicken price

7.7 CAD 10 CAD 14 CAD
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$5.7 $7.3 $10

The price range of a fresh whole chicken in New Brunswick is between 7.7 CAD and 14 CAD depending on the size of the chicken and whether it is oraganic or not. The average price is approximatly 10 CAD.

Pack of beef price

9 CAD 14 CAD 27 CAD
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$6.7 $10 $20

The price of a regular pack of beef or meat is around 14 CAD. A pack of beef contains around 1Kg or 1lb depending on packing.

Medium bag of rice price

3.6 CAD 5 CAD 7.1 CAD
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$2.7 $3.7 $5.2

A bag of rice in New Brunswick costs around 5 CAD on average with prices rangeing between 3.6 CAD and 7.1 CAD depending on the brand and quality.

Bag of tomatos price

1.4 CAD 1.8 CAD 3.4 CAD
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$1.00 $1.3 $2.5

A bag of tomatoes costs anywhere from 1.4 CAD to 3.4 CAD. A bag of tomatoes denotes 1Kg or 1lb depending on location.

Bag of apples price

2.4 CAD 3.2 CAD 5.2 CAD
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$1.8 $2.3 $3.8

A bag of apples costs 3.2 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%
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The average grocery-to-income ratio in New Brunswick is around 24%. This means that families 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 families

Families' spending on grocery ranges from 570 CAD to 11,000 CAD with the location, income, and size of the family being the most determinite factors.

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