Cost Of Living in Newfoundland-Labrador 2025

cost of living chart - average monthly expenditure in Newfoundland-Labrador

Average monthly spending for singles, couples, students, and families in Newfoundland-Labrador

Whether you're living in Newfoundland-Labrador or planning to move there, it is very important to know the cost of living and the prices of things. Here we list the average spending for the four main population groups.

Average Monthly Expenditure

Currency: CAD
450 5,900 59,000
MINIMUM AVERAGE MAXIMUM
$330 $4,300 $43,000

Monthly Expenditure ▶ Single

Currency: CAD
580 4,100 27,000
MINIMUM AVERAGE MAXIMUM
$430 $3,000 $20,000

Monthly Expenditure ▶ Couple

Currency: CAD
2,300 6,800 36,000
MINIMUM AVERAGE MAXIMUM
$1,700 $5,000 $27,000

Monthly Expenditure ▶ Family

Currency: CAD
3,200 9,100 59,000
MINIMUM AVERAGE MAXIMUM
$2,300 $6,700 $43,000

Monthly Expenditure ▶ Student

Currency: CAD
450 2,900 20,000
MINIMUM AVERAGE MAXIMUM
$330 $2,200 $14,000
The figures displayed here are inclusive of everything: housing, travel, groceries, healthcare, etc.

Singles

The average monthly expense for a single person living in Newfoundland-Labrador is 4,100 CAD. Expenses can range from 580 CAD at the minimum level to 27,000 CAD at the highest end.


Couples

The average monthly spending of couples in Newfoundland-Labrador is 6,800 CAD. Expenditure can range from 2,300 CAD to 36,000 CAD per month.


Families

The average cost of living for families in Newfoundland-Labrador is 9,100 CAD per month. Families spend anywhere from 3,200 CAD to 59,000 CAD.


Students

The average monthly expenditure for students in Newfoundland-Labrador is 2,900 CAD. Students spend from 450 CAD to 20,000 CAD per month.


Spending behavior can change drastically from one person to another. It is best to consider the minimum, average, and maximum spending together.



Prices and cost of goods and services in Newfoundland-Labrador


Chart showing the prices and cost of grocery, food, restaurant meals, market, and beverages in Newfoundland-Labrador

Dining, food, and beverages costs


Fast food combo meal

7 CAD 14 CAD 23 CAD
MINIMUM AVERAGE MAXIMUM
$5.1 $10 $17

Restaurant meal for one

22 CAD 34 CAD 67 CAD
MINIMUM AVERAGE MAXIMUM
$16 $25 $49

Fine dining meal for one

45 CAD 67 CAD 270 CAD
MINIMUM AVERAGE MAXIMUM
$33 $49 $200

Cappuccino or latte

5.8 CAD 9.3 CAD 14 CAD
MINIMUM AVERAGE MAXIMUM
$4.3 $6.8 $10

Grocery and market costs


Milk large bottle

4.7 CAD 5.6 CAD 7 CAD
MINIMUM AVERAGE MAXIMUM
$3.4 $4.1 $5.1

12 eggs

3.5 CAD 4.7 CAD 7 CAD
MINIMUM AVERAGE MAXIMUM
$2.6 $3.4 $5.1

Fresh whole chicken

7.9 CAD 10 CAD 15 CAD
MINIMUM AVERAGE MAXIMUM
$5.8 $7.6 $11

Pack of beef

9.3 CAD 14 CAD 28 CAD
MINIMUM AVERAGE MAXIMUM
$6.8 $10 $21

Medium bag of rice

3.8 CAD 5.1 CAD 7.3 CAD
MINIMUM AVERAGE MAXIMUM
$2.8 $3.8 $5.4

Bag of tomatos

1.4 CAD 1.9 CAD 3.5 CAD
MINIMUM AVERAGE MAXIMUM
$1 $1.4 $2.6

Bag of apples

2.5 CAD 3.3 CAD 5.4 CAD
MINIMUM AVERAGE MAXIMUM
$1.8 $2.4 $4
Chart showing the prices and cost of commute, travel, and transportation in Newfoundland-Labrador

Commute, travel, and transportation costs


20 minutes taxi ride

5.6 CAD 6.7 CAD 13 CAD
MINIMUM AVERAGE MAXIMUM
$4.1 $4.9 $9.9

Average car full tank

35 CAD 47 CAD 93 CAD
MINIMUM AVERAGE MAXIMUM
$26 $34 $68

Average car 1-day rental

32 CAD 43 CAD 64 CAD
MINIMUM AVERAGE MAXIMUM
$24 $32 $47

Average car price

17,000 CAD 35,000 CAD 47,000 CAD
MINIMUM AVERAGE MAXIMUM
$13,000 $26,000 $34,000

Bus ticket one way

1.1 CAD 1.6 CAD 3.2 CAD
MINIMUM AVERAGE MAXIMUM
$0.79 $1.2 $2.4

Car Service

43 CAD 64 CAD 130 CAD
MINIMUM AVERAGE MAXIMUM
$32 $47 $95
Chart showing the prices and cost of utility, energy, water, and gas for a family in Newfoundland-Labrador

Utility cost (monthly)


Utility Bill - Individual

35 CAD 250 CAD 1,600 CAD
MINIMUM AVERAGE MAXIMUM
$26 $180 $1,200

Utility Bill - Couple

91 CAD 310 CAD 2,000 CAD
MINIMUM AVERAGE MAXIMUM
$67 $230 $1,500

Utility Bill - Family

160 CAD 450 CAD 3,000 CAD
MINIMUM AVERAGE MAXIMUM
$120 $330 $2,200

Internet and cable

35 CAD 70 CAD 93 CAD
MINIMUM AVERAGE MAXIMUM
$26 $51 $68

Mobile phone charges

28 CAD 47 CAD 140 CAD
MINIMUM AVERAGE MAXIMUM
$21 $34 $100

Leisure and activities costs


Movie ticket

17 CAD 23 CAD 35 CAD
MINIMUM AVERAGE MAXIMUM
$13 $17 $26

One month gym membership

52 CAD 64 CAD 130 CAD
MINIMUM AVERAGE MAXIMUM
$38 $47 $95
Chart showing the prices and cost of clothing and accessories in Newfoundland-Labrador

Cloths and accessories costs


Pair of jeans or pants

38 CAD 54 CAD 81 CAD
MINIMUM AVERAGE MAXIMUM
$28 $39 $59

Woman dress

36 CAD 50 CAD 160 CAD
MINIMUM AVERAGE MAXIMUM
$26 $36 $120

Woman shoes

34 CAD 46 CAD 110 CAD
MINIMUM AVERAGE MAXIMUM
$25 $34 $79

Men's shoes

29 CAD 36 CAD 72 CAD
MINIMUM AVERAGE MAXIMUM
$22 $26 $53

Men suit

32 CAD 40 CAD 210 CAD
MINIMUM AVERAGE MAXIMUM
$24 $30 $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 Newfoundland-Labrador

Housing costs / monthly rent


Studio apartment

540 CAD 810 CAD 2,100 CAD
MINIMUM AVERAGE MAXIMUM
$390 $590 $1,600

1-bedroom apartment

810 CAD 1,300 CAD 3,200 CAD
MINIMUM AVERAGE MAXIMUM
$590 $950 $2,400

2-bedroom apartment

1,100 CAD 1,600 CAD 4,300 CAD
MINIMUM AVERAGE MAXIMUM
$790 $1,200 $3,200

Housing costs / Buying


Studio apartment

110,000 CAD 160,000 CAD 320,000 CAD
MINIMUM AVERAGE MAXIMUM
$79,000 $120,000 $240,000

1-bedroom apartment

130,000 CAD 210,000 CAD 810,000 CAD
MINIMUM AVERAGE MAXIMUM
$95,000 $160,000 $590,000

2-bedroom apartment

210,000 CAD 640,000 CAD 1.3M CAD
MINIMUM AVERAGE MAXIMUM
$160,000 $470,000 $950,000
Chart showing the prices and cost of furniture in Newfoundland-Labrador

Furniture Costs


King Size Bed

700 CAD 870 CAD 1,200 CAD
MINIMUM AVERAGE MAXIMUM
$510 $640 $860

Double Bed

470 CAD 700 CAD 870 CAD
MINIMUM AVERAGE MAXIMUM
$340 $510 $640

Single Bed

410 CAD 540 CAD 700 CAD
MINIMUM AVERAGE MAXIMUM
$300 $400 $510

Living Room

780 CAD 1,000 CAD 3,500 CAD
MINIMUM AVERAGE MAXIMUM
$570 $730 $2,600

Dining Table

350 CAD 470 CAD 870 CAD
MINIMUM AVERAGE MAXIMUM
$260 $340 $640

Sofa or Couch

470 CAD 640 CAD 1,400 CAD
MINIMUM AVERAGE MAXIMUM
$340 $470 $1,000
Chart showing the prices and cost of electronic devices and appliances in Newfoundland-Labrador

Electronics and House Appliance Costs


TV Set

470 CAD 700 CAD 1,400 CAD
MINIMUM AVERAGE MAXIMUM
$340 $510 $1,000

Fridge or Freezer

410 CAD 640 CAD 870 CAD
MINIMUM AVERAGE MAXIMUM
$300 $470 $640

Washing Machine

540 CAD 780 CAD 1,400 CAD
MINIMUM AVERAGE MAXIMUM
$400 $570 $1,000

Stove or Cooker

500 CAD 640 CAD 870 CAD
MINIMUM AVERAGE MAXIMUM
$370 $470 $640

Mobile Phone

580 CAD 700 CAD 1,000 CAD
MINIMUM AVERAGE MAXIMUM
$430 $510 $730

Laptop or Computer

640 CAD 780 CAD 1,400 CAD
MINIMUM AVERAGE MAXIMUM
$470 $570 $1,000

Expenditure to Income Ratio in Newfoundland-Labrador

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.

Cost of living and expenditure to income ratio in Newfoundland-Labrador

Spending to Income Ratio

77%

69% to 87%

( expenditure / income ) x 100


Expense to income distribution levels

Spending To Income Ratio% People
< 50%6%
50% - 60%12%
60% - 70%19%
70% - 80%27%
80% - 90%15%
90% - 100%9%
100% - 110%5%
110% - 120%3%
120% - 130%2%
130% - 140%2%
> 140%1%

Interpretation and Analysis

The average spending-to-salary ratio in Newfoundland-Labrador is 77% This means that on average, people spend around 77% of their income for living. According to the distribution table, 19% of the population spend approximately 60% to 70% of their income every month.


How can spending be more than income?

A value higher than 100% means that the expenditure of those people is higher than their income. They are spending more than what they earn. This is possible in two scenarios. They are either borrowing from their savings to survive or they are borrowing from other sources (relatives, friends, banks, etc.). More about this in the debt section.



Individual
70%
Spending-Income-Ratio
62%
78%

Couple
74%
Spending-Income-Ratio
65%
83%

Family
81%
Spending-Income-Ratio
72%
91%
Distribution of monthly cost of living expenses in Newfoundland-Labrador

How do people spend their money in Newfoundland-Labrador?

We asked thousands of people about their spending habits and expenditure breaks. Below are their answers.

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 Expenditure27%

27% of total expenses on average (16% to 35%)

LOW$100   140 CAD
AVERAGE$1,300   1,800 CAD
HIGH$13,000   18,000 CAD
Per Month

People living in Newfoundland-Labrador typically spend from 16% to 35% of their total monthly expenditure on housing with 27% being the average. The average spend on housing is 1,800 CAD with expenditure ranging from 140 CAD to 18,000 CAD. This cost mainly goes for rent but it also includes other accommodation-related expenses. Housing costs are highest for families and lowest for students as expected.

Utilities, Electricity, Water, Internet, Mobile6%

6% of total expenses on average (3% to 10%)

LOW$17   23 CAD
AVERAGE$220   300 CAD
HIGH$2,200   3,000 CAD
Per Month

Utility expenditure like electricity, water, and gas in Newfoundland-Labrador ranges from 3% to 10% of total expenses with 6% being the average. The average monthly cost of utilities is 300 CAD with 23 CAD and 3,000 CAD being the upper and lower limits.

Transport, Fuel, Commute9%

9% of total expenses on average (4% to 13%)

LOW$33   45 CAD
AVERAGE$430   590 CAD
HIGH$4,300   5,900 CAD
Per Month

Fuel consumption and cost of transport depend heavily on whether you live near your work or school, but roughly speaking you would expect to spend from 45 CAD to 5,900 CAD on commuting with 590 CAD being the norm for most people in one month. This means that money spent on transport constitutes about 9% of total spending on average but can go as low as 4% or as high as 13%.

Food and Groceries Cost26%

26% of total expenses on average (18% to 32%)

LOW$84   110 CAD
AVERAGE$1,100   1,500 CAD
HIGH$11,000   15,000 CAD
Per Month

The average outlay on groceries in a month in Newfoundland-Labrador is 1,500 CAD. The cost of groceries can range between 110 CAD to 15,000 CAD. People spend on average about 26% on food and groceries with upper and lower bounds of 18% and 32% respectively.

Healthcare and Medical Services8%

8% of total expenses on average (3% to 11%)

LOW$23   32 CAD
AVERAGE$300   410 CAD
HIGH$3,000   4,100 CAD
Per Month

People in Newfoundland-Labrador allocate 3% to 11% of their total monthly expenditure to healthcare including health insurance and out-of-pocket medical expenses. The average spending is around 8%. The range of medical expenses range from 32 CAD to 4,100 CAD with 410 CAD being the norm.

Leisure and Shopping6%

6% of total expenses on average (3% to 10%)

LOW$13   18 CAD
AVERAGE$170   240 CAD
HIGH$1,700   2,400 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 18 CAD to 2,400 CAD with 240 CAD being the average. Speaking of percentages, that equates to 3% to 10% of total expenses with an average of 6% for most residents.

Education and Schooling6%

6% of total expenses on average (4% to 12%)

LOW$20   27 CAD
AVERAGE$260   350 CAD
HIGH$2,600   3,500 CAD
Per Month

Spending on education can vary drastically between different people. While working singles can spend 0% on education, families and students' expenditure can reach up to 22%. On average, education constitutes 6% of the monthly expenditure with 4% and 12% being the lower and upper bounds respectively. The average reported education cost is 350 CAD per month with 27 CAD being the minimum spent amount and 3,500 CAD being the maximum.

Other Expenses12%

12% of total expenses on average (7% to 19%)

LOW$43   59 CAD
AVERAGE$560   770 CAD
HIGH$5,600   7,700 CAD
Per Month
Percentage of people who manage to save money from their income every month in Newfoundland-Labrador

How much money can you save in Newfoundland-Labrador every month?

We asked thousands of people what percentage of their income can they save in a month. Below are the answers.


What percentage of people in Newfoundland-Labrador manage to save money from their income every month?


Saving Money
66%
Not Saving
34%

Almost 66% of the surveyed people in Newfoundland-Labrador said that they can save some money at the end of each month while 34% said that aren't saving anything.


Percentage of people saving money by population group in Newfoundland-Labrador

GroupSaversNon Savers
Singles70%30%
Couples65%35%
Families61%40%

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.


Savings to income ratio in Newfoundland-Labrador

Saving to Income Ratio

12% 21% of income 32%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

190 CAD
$140
2,500 CAD
$1,800
25,000 CAD
$18,000
MINIMUM AVERAGE MAXIMUM

For most people, 12% to 32% of their monthly income is what they can allocate to their savings, with 21% being the average. The amount of money that people can save is approximately 2,500 CAD on average with savings ranging from 190 CAD to 25,000 CAD.

70% of surveyed singles reported some of their income going to savings while 65% of couples said the same. 61% of families confirmed their ability to save money.


How much money do people actually save in Newfoundland-Labrador?

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.


Singles

Saving to Income Ratio

15% 25% of income 33%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

190 CAD
$140
1,700 CAD
$1,300
11,000 CAD
$8,400
MINIMUM AVERAGE MAXIMUM

Savings to income distribution levels for singles

Saving To Income Ratio% Singles
0% - 10%28%
10% - 20%22%
20% - 30%16%
30% - 40%17%
40% - 50%13%
> 50%4%

Interpretation and Analysis

Singles who can afford to save reported that they allocate from 15% to 33% of their monthly income to savings, with 25% being the average for most singles. The average amount of money that singles are able to save is 1,700 CAD with 190 CAD and 11,000 CAD being the minimum and maximum respectively.


Couples

Saving to Income Ratio

13% 23% of income 33%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

950 CAD
$700
2,900 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%32%
10% - 20%24%
20% - 30%19%
30% - 40%12%
40% - 50%10%
> 50%3%

Interpretation and Analysis

Couples who confirmed their ability to save reported saving equivalent to 13% to 33% of their monthly income, with 23% being the average for most couples. The average amount of money that couples can save is 2,900 CAD with 950 CAD and 15,000 CAD being the minimum and maximum respectively.


Families

Saving to Income Ratio

12% 19% of income 29%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

1,300 CAD
$980
3,800 CAD
$2,800
25,000 CAD
$18,000
MINIMUM AVERAGE MAXIMUM

Savings to income distribution levels for families

Saving To Income Ratio% Families
0% - 10%35%
10% - 20%27%
20% - 30%20%
30% - 40%9%
40% - 50%7%
> 50%2%

Interpretation and Analysis

Families in Newfoundland-Labrador can save anywhere between 12% to 29% of their monthly income, with 19% being the average for most families. The average amount of money that families can put aside is 3,800 CAD with 1,300 CAD and 25,000 CAD being the minimum and maximum respectively.

Reasons that make it difficult for people to save money in Newfoundland-Labrador

Saving Challenges in Newfoundland-Labrador

Reasons that make it difficult for people to save money

We wanted to understand what is stopping people from maximizing their savings in Newfoundland-Labrador. Listed below are the answers given by the survey participants.


Reason% People
Low Income7%
High Expenses10%
Debt and Loans19%
Lack of Budgeting Skills10%
Impulsive Spending9%
Financial Emergencies6%
Living the moment7%
Will do it later16%
Inflation10%
Social Pressure3%
Market Instability3%

Around 7% of the people said that their salary is too low to accommodate a portion for savings while 10% said that the high cost of living leaves little room for savings. 19% 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% 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. 16% 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. 10% 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 people choose to put their savings in Newfoundland-Labrador

Typical saving choices for people in Newfoundland-Labrador

Where do people choose to put their savings?


Saving Type% People
Emergency Funds10%
Gold9%
Savings Accounts17%
Retirement Accounts12%
Cash Savings15%
Real Estate10%
Investment6%
Stocks6%
Bonds7%
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 to live in Newfoundland-Labrador

Affordable living in Newfoundland-Labrador

Income and cost of living compatibility

We asked residents one simple question and recorded their answers.

Is it affordable or economical to live in Newfoundland-Labrador?


Yes
76%
No
24%

Around 76% of surveyed residents think that living in Newfoundland-Labrador 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. Are there plenty of low-cost options in Newfoundland-Labrador

Low-cost alternatives in Newfoundland-Labrador

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 residents 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 people living in Newfoundland-Labrador 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

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 residents of Newfoundland-Labrador whether they have an emergency fund and the answers were as follows.

Yes75%

No26%


Based on the survey, 26% of the people living in Newfoundland-Labrador said that they don't have an emergency fund while 75% said that they do.

Financial literacy and difficulty in budgeting and financial planning in Newfoundland-Labrador

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 residents of Canada 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 residents 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 people living in Newfoundland-Labrador

Financial goals of people in Newfoundland-Labrador

In an attempt to understand the economic situation in Newfoundland-Labrador, 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 Fund6%
Debt Reduction31%
Retirement Savings7%
Education Funding9%
Homeownership16%
Investing9%
Travel or Lifestyle11%
Healthcare Expenses8%
Financial Independence9%

Around 6% of those who participated in the survey said that their main goal is to establish an emergency fund to cover unexpected expenses while 31% said their number one priority is to pay off high-interest debt or loans and improve credit. 7% of surveyed people confirmed that saving for retirement to ensure a comfortable lifestyle in the final years is their main target. Around 9% reported that their priority is saving for the tuition fees and education costs of their children while 16% 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 8% of the residents said that saving for healthcare expenses including insurance premiums is their main goal.

Retirement, pension plans, and life after work in Newfoundland-Labrador

What does the retirement lifestyle look like in Newfoundland-Labrador and how much retirement savings are required?

Retirement age

The retirement age for most employees in Canada is 65 years. Specific retirement ages can vary based on factors like occupation, gender, years of contribution, and location. It is not entirely unlikely for people to retire either before or after this age.

Retirement planning and savings

There are many retirement saving options, some are personally initiated and others are government-sponsered. Regardless of the source of savings, the minimum amount of money that needs to be put aside to ensure a peaceful and comfortable retirement at each age can be found in the table below. This data is largely approximated and can vary drastically based on individual needs and situations. Treat these figures as a general guideline.


The typical saved amount of money you should have at every age as multiples of monthly salary:
AgeAmount
255x monthly salary at age 25
3010x monthly salary at age 30
3515x monthly salary at age 35
4025x monthly salary at age 40
4532x monthly salary at age 45
5048x monthly salary at age 50
5556x monthly salary at age 55
6064x monthly salary at age 60
6578x monthly salary at age 65

The typical average saved amount of money you should have at every age in Newfoundland-Labrador:
AgeAmount
2517,000 CAD
3034,000 CAD
3559,000 CAD
4084,000 CAD
45130,000 CAD
50180,000 CAD
55210,000 CAD
60260,000 CAD
65310,000 CAD

Retirement Income Distribution

We asked residents of Newfoundland-Labrador about their retirement income sources and below are the results.

Source% People
Pensions14%
Savings21%
Investments14%
Social Security9%
Annuities9%
Part-time Job9%
Real Estate16%
Dividends and Interest9%

Retirement Monthly Expenses in Newfoundland-Labrador

330 CAD
$240
2,900 CAD
$2,200
20,000 CAD
$14,000
MINIMUM AVERAGE MAXIMUM
Chart showing the percentage of people who are in debt in Newfoundland-Labrador

Debt, loans, and mortgages in Newfoundland-Labrador


Percentage of people who are in debt


In Debt
24%
Debt Free
76%

According to the survey, 24% of the people in Newfoundland-Labrador 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 Newfoundland-Labrador

Debt-to-income ratio in Newfoundland-Labrador

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 the people's monthly income in Newfoundland-Labrador goes to debt settlement.


Debt levels

Monthly debt settlement payment as percentage of monthly income

Debt-to-income ratio% People
> 60%3%
50% - 60%10%
40% - 50%11%
30% - 40%13%
20% - 30%16%
10% - 20%20%
0% - 10%28%

According to our data, 3% of the debtors in Newfoundland-Labrador pay 60%+ of their income as debt settlement while 10% 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 16% of individuals as they only pay 20% to 30% of their income for loan and credit card repayment.


Distribution by type of debt in Newfoundland-Labrador

Debt% People
Real Estate Mortgage14%
Auto Loan24%
Student Loan3%
Credit Card24%
Personal Loan35%

14% of debtors in Newfoundland-Labrador confirm that real estate mortgages constitutes the main part of their outstanding debt while 24% say that credit card payments are the reason they are in debt. Auto loans were the main type of debt for 24% of people and personal loans rose at 35%. Lastly, student loans are the main source of debt for 3% of debtors in Newfoundland-Labrador.


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 Newfoundland-Labrador

Besides measuring the loan-to-income ratio, we asked residents of Newfoundland-Labrador 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
Never56%
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 Newfoundland-Labrador

Housing costs, accommodation, and housing affordability in Newfoundland-Labrador

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


Rent Cost in Newfoundland-Labrador

Monthly Rent Prices

Studio apartment monthly rent cost

540 CAD 810 CAD 2,100 CAD
MINIMUM AVERAGE MAXIMUM
$390 $590 $1,600

1-bedroom apartment monthly rent cost

810 CAD 1,300 CAD 3,200 CAD
MINIMUM AVERAGE MAXIMUM
$590 $950 $2,400

2-bedroom apartment monthly rent cost

1,100 CAD 1,600 CAD 4,300 CAD
MINIMUM AVERAGE MAXIMUM
$790 $1,200 $3,200

3-bedroom apartment monthly rent cost

1,300 CAD 2,100 CAD 5,900 CAD
MINIMUM AVERAGE MAXIMUM
$950 $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 $9,500

Townhouse monthly rent cost

2,100 CAD 3,200 CAD 9,200 CAD
MINIMUM AVERAGE MAXIMUM
$1,600 $2,400 $6,800

House monthly rent cost

2,600 CAD 6,400 CAD 13,000 CAD
MINIMUM AVERAGE MAXIMUM
$1,900 $4,700 $9,500

Villa monthly rent cost

3,200 CAD 8,100 CAD 13,000 CAD
MINIMUM AVERAGE MAXIMUM
$2,400 $5,900 $9,500

The monthly rental cost of a studio apartment in Newfoundland-Labrador ranges between 540 CAD and 2,100 CAD, meanwhile the cost of monthly rental of a one-bedroom apartment can be anywhere from 810 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 5,900 CAD. The average rent of a townhouse in Newfoundland-Labrador 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 Newfoundland-Labrador

Cost of buying a property

Studio apartment price

110,000 CAD 160,000 CAD 320,000 CAD
MINIMUM AVERAGE MAXIMUM
$79,000 $120,000 $240,000

1-bedroom apartment price

130,000 CAD 210,000 CAD 810,000 CAD
MINIMUM AVERAGE MAXIMUM
$95,000 $160,000 $590,000

2-bedroom apartment price

210,000 CAD 640,000 CAD 1.3M CAD
MINIMUM AVERAGE MAXIMUM
$160,000 $470,000 $950,000

3-bedroom apartment price

720,000 CAD 1.1M CAD 3.2M CAD
MINIMUM AVERAGE MAXIMUM
$530,000 $790,000 $2.4M

Townhouse price

920,000 CAD 2.1M CAD 8.1M CAD
MINIMUM AVERAGE MAXIMUM
$680,000 $1.6M $5.9M

House price

1.1M CAD 6.4M CAD 9.2M CAD
MINIMUM AVERAGE MAXIMUM
$790,000 $4.7M $6.8M

Villa price

1.3M CAD 7.2M CAD 11M CAD
MINIMUM AVERAGE MAXIMUM
$950,000 $5.3M $7.9M

The average price of a studio apartment in Newfoundland-Labrador can range from 110,000 CAD to 320,000 CAD depending on location. One bedroom cost can be anywhere from 130,000 CAD to 810,000 CAD. A villa can cost you 7.2M CAD on average with prices ranging from 1.3M CAD to 11M CAD.


If you're leasing or purchasing, housing costs in Newfoundland-Labrador 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


44 x130 monthly income 212
MINIMUM AVERAGE MAXIMUM

Property prices in Newfoundland-Labrador can be x130 to x212 multiples of the monthly income depending on the property and the income of the person. On average, property prices are approximately x130 multiples of the average monthly salary in Newfoundland-Labrador.



Rent to income ratio


Rent to income ratio

( monthly rental / monthly income ) x 100


23% 33% of income 42%
MINIMUM AVERAGE MAXIMUM

The average rent-to-income ratio in Newfoundland-Labrador is around 33%. This means that people pay 33% 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
2.5%
AVERAGE
3.5%
TO
4.6%

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.


9.1 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 Newfoundland-Labrador

Utilities expenditure can vary slightly between different areas and locations.


Energy, electricity, water, gas, internet, and mobile cost in Newfoundland-Labrador

Utility Bill Cost / Electricity + Water + Gas / Individual

35 CAD 250 CAD 1,600 CAD
MINIMUM AVERAGE MAXIMUM
$26 $180 $1,200

Utility Bill Cost / Electricity + Water + Gas / Couple

91 CAD 310 CAD 2,000 CAD
MINIMUM AVERAGE MAXIMUM
$67 $230 $1,500

Utility Bill Cost / Electricity + Water + Gas / Family

160 CAD 450 CAD 3,000 CAD
MINIMUM AVERAGE MAXIMUM
$120 $330 $2,200

Internet and cable cost

35 CAD 70 CAD 93 CAD
MINIMUM AVERAGE MAXIMUM
$26 $51 $68

Mobile phone bill and charges

28 CAD 47 CAD 140 CAD
MINIMUM AVERAGE MAXIMUM
$21 $34 $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 expenditure for individuals on electricty, water, and gas in Newfoundland-Labrador ranges between 35 CAD and 1,600 CAD with average being 250 CAD, meanwhile the expenditure of couples is slightly higher at 310 CAD with 91 CAD and 2,000 CAD being the upper and lower limits respectively. As expected, the energy and water consumption of families is the highest among the three groups with an average of 450 CAD. The cost of internet and WiFi is unchanged among the three groups and ranges from 35 CAD to 93 CAD with 70 CAD being the average internet bill. Finally, the average monthly mobile charges is around 47 CAD but can range between 28 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% 4.8% of income 8.6%
MINIMUM AVERAGE MAXIMUM

The average utility-to-income ratio in Newfoundland-Labrador is around 4.8%. This means that people pay 4.8% of their income for energy, water, internet, and mobile charges. Those figures can range from 1.9% to 8.6% depending on salary and location.

Food Prices, Dining Expenses, and Grocery Costs in Newfoundland-Labrador

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


Prices and cost of goods and services in Newfoundland-Labrador

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

Fast food combo meal price

7 CAD 14 CAD 23 CAD
MINIMUM AVERAGE MAXIMUM
$5.1 $10 $17

The average price of a regular combo meal at a fast food outlet or chain like McDonald's, Pizzahut, or KFC in Newfoundland-Labrador is approximatly 14 CAD with meal cost ranging from 7 CAD to 23 CAD. The typical combo meal consists of a burger, french fries, and a drink.

Restaurant meal for one price

22 CAD 34 CAD 67 CAD
MINIMUM AVERAGE MAXIMUM
$16 $25 $49

If you are planning to have a nice meal at a mid-range restaurant, expect to pay anywhere between 22 CAD and 67 CAD with 34 CAD being the average price of a plate for one person at a regular restaurant in Newfoundland-Labrador.

Fine dining meal for one price

45 CAD 67 CAD 270 CAD
MINIMUM AVERAGE MAXIMUM
$33 $49 $200

The price range of a meal at fine-dining restaurant is 45 CAD to 270 CAD with the average cost being 67 CAD for one person. This is what you would expect to pay a top-tier diner in Newfoundland-Labrador.

Beverage prices, cappuccino, latte etc..

5.8 CAD 9.3 CAD 14 CAD
MINIMUM AVERAGE MAXIMUM
$4.3 $6.8 $10

The average price of a regular beverage like cappuccino or latte at Starbucks, Costa, or similar coffee shops and cafes in Newfoundland-Labrador is around 9.3 CAD. Price ranges between 5.8 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

4.7 CAD 5.6 CAD 7 CAD
MINIMUM AVERAGE MAXIMUM
$3.4 $4.1 $5.1

The average price of a large bottle of milk in Newfoundland-Labrador is 5.6 CAD. The maximum what you would pay for milk is 7 CAD and the minimum being 4.7 CAD depending on the brand of milk and other properties.

12 eggs price

3.5 CAD 4.7 CAD 7 CAD
MINIMUM AVERAGE MAXIMUM
$2.6 $3.4 $5.1

A dozen eggs costs around 4.7 CAD on average with 3.5 CAD and 7 CAD being the lower and upper limits respectively.

Fresh whole chicken price

7.9 CAD 10 CAD 15 CAD
MINIMUM AVERAGE MAXIMUM
$5.8 $7.6 $11

The price range of a fresh whole chicken in Newfoundland-Labrador is between 7.9 CAD and 15 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

9.3 CAD 14 CAD 28 CAD
MINIMUM AVERAGE MAXIMUM
$6.8 $10 $21

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

3.8 CAD 5.1 CAD 7.3 CAD
MINIMUM AVERAGE MAXIMUM
$2.8 $3.8 $5.4

A bag of rice in Newfoundland-Labrador costs around 5.1 CAD on average with prices rangeing between 3.8 CAD and 7.3 CAD depending on the brand and quality.

Bag of tomatos price

1.4 CAD 1.9 CAD 3.5 CAD
MINIMUM AVERAGE MAXIMUM
$1 $1.4 $2.6

A bag of tomatoes costs anywhere from 1.4 CAD to 3.5 CAD. A bag of tomatoes denotes 1Kg or 1lb depending on location.

Bag of apples price

2.5 CAD 3.3 CAD 5.4 CAD
MINIMUM AVERAGE MAXIMUM
$1.8 $2.4 $4

A bag of apples costs 3.3 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 30%
MINIMUM AVERAGE MAXIMUM

The average grocery-to-income ratio in Newfoundland-Labrador is around 24%. This means that people spend 24% of their income on grocery and basic household items. The expenditure can range from 16% to 30% depending on salary and location.


Expenditure on food and grocery for every population group

A single person living alone spends approximately 650 CAD per month on grocery and food with expenditure fluctuating between 93 CAD and 4,400 CAD depending on location and the type of person. The average cost of food and groceries for a couple is around 950 CAD per month. That number can be get as low as 320 CAD or a high as 5,100 CAD. 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.


Single
Spending habits, consumption analysis, and expenditure patterns for a single person living in Newfoundland-Labrador

Housing cost for a single person33%

33% of total expenses on average (21% to 45%)

LOW$150   210 CAD
AVERAGE$1,100   1,500 CAD
HIGH$7,200   9,800 CAD
Per Month

Utilities, Electricity, Water, Internet, Mobile7%

7% of total expenses on average (3% to 12%)

LOW$26   35 CAD
AVERAGE$180   250 CAD
HIGH$1,200   1,600 CAD
Per Month

Transport and Fuel Cost7%

7% of total expenses on average (5% to 13%)

LOW$34   47 CAD
AVERAGE$240   330 CAD
HIGH$1,600   2,200 CAD
Per Month

Food and Groceries Cost17%

17% of total expenses on average (11% to 22%)

LOW$69   93 CAD
AVERAGE$480   650 CAD
HIGH$3,200   4,400 CAD
Per Month

Healthcare Cost10%

10% of total expenses on average (4% to 14%)

LOW$39   53 CAD
AVERAGE$270   370 CAD
HIGH$1,800   2,500 CAD
Per Month

Leisure and Shopping Expenditure4%

4% of total expenses on average (3% to 7%)

LOW$21   29 CAD
AVERAGE$150   200 CAD
HIGH$1,000   1,400 CAD
Per Month

Education Cost2%

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

LOW$8.6   12 CAD
AVERAGE$60   82 CAD
HIGH$400   550 CAD
Per Month

Other Expenses20%

20% of total expenses on average (12% to 24%)

LOW$77   110 CAD
AVERAGE$540   740 CAD
HIGH$3,600   4,900 CAD
Per Month


Couple
Average monthly living expenditure breaks and spending patterns for couples in Newfoundland-Labrador

Housing cost for a couple30%

30% of total expenses on average (23% to 40%)

LOW$570   770 CAD
AVERAGE$1,700   2,300 CAD
HIGH$9,100   12,000 CAD
Per Month

Utilities, Electricity, Water, Internet, Mobile6%

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

LOW$67   91 CAD
AVERAGE$230   310 CAD
HIGH$1,500   2,000 CAD
Per Month

Transport and Fuel Cost11%

11% of total expenses on average (5% to 16%)

LOW$200   270 CAD
AVERAGE$600   820 CAD
HIGH$3,200   4,400 CAD
Per Month

Food and Groceries Cost15%

15% of total expenses on average (10% to 20%)

LOW$230   320 CAD
AVERAGE$700   950 CAD
HIGH$3,700   5,100 CAD
Per Month

Healthcare Cost12%

12% of total expenses on average (6% to 16%)

LOW$180   250 CAD
AVERAGE$550   750 CAD
HIGH$2,900   4,000 CAD
Per Month

Leisure and Shopping Cost5%

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

LOW$100   140 CAD
AVERAGE$300   410 CAD
HIGH$1,600   2,200 CAD
Per Month

Education Cost2%

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

LOW$33   45 CAD
AVERAGE$100   140 CAD
HIGH$530   730 CAD
Per Month

Other Expenses19%

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

LOW$280   390 CAD
AVERAGE$850   1,200 CAD
HIGH$4,500   6,200 CAD
Per Month


Family
Average monthly expenses and break out of spending for families living in Newfoundland-Labrador

Housing cost for a family29%

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

LOW$750   1,000 CAD
AVERAGE$2,100   2,900 CAD
HIGH$14,000   19,000 CAD
Per Month

Utilities, Electricity, Water, Internet, Mobile4%

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

LOW$120   160 CAD
AVERAGE$330   450 CAD
HIGH$2,200   3,000 CAD
Per Month

Transport and Fuel Expenses7%

7% of total expenses on average (5% to 9%)

LOW$230   320 CAD
AVERAGE$670   910 CAD
HIGH$4,300   5,900 CAD
Per Month

Food and Groceries Cost19%

19% of total expenses on average (12% to 25%)

LOW$420   570 CAD
AVERAGE$1,200   1,600 CAD
HIGH$7,800   11,000 CAD
Per Month

Healthcare Expenses9%

9% of total expenses on average (5% to 14%)

LOW$210   290 CAD
AVERAGE$670   910 CAD
HIGH$3,500   4,700 CAD
Per Month

Leisure and Shopping Cost4%

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

LOW$120   160 CAD
AVERAGE$330   450 CAD
HIGH$2,200   3,000 CAD
Per Month

Education Cost14%

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

LOW$330   450 CAD
AVERAGE$940   1,300 CAD
HIGH$6,100   8,300 CAD
Per Month

Other Expenses14%

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

LOW$190   250 CAD
AVERAGE$530   730 CAD
HIGH$3,500   4,700 CAD
Per Month


Student
Cost of living and expenses break down for students living in Newfoundland-Labrador

Housing costs for Student21%

21% of total expenses on average (16% to 27%)

LOW$80   110 CAD
AVERAGE$520   700 CAD
HIGH$3,400   4,700 CAD
Per Month

Utilities, Electricity, Water, Internet, and Mobile Expenses5%

5% of total expenses on average (3% to 9%)

LOW$13   18 CAD
AVERAGE$86   120 CAD
HIGH$570   780 CAD
Per Month

Transport and Fuel Cost6%

6% of total expenses on average (5% to 12%)

LOW$23   32 CAD
AVERAGE$150   210 CAD
HIGH$1,000   1,400 CAD
Per Month

Food and Groceries Expenditure21%

21% of total expenses on average (15% to 25%)

LOW$67   91 CAD
AVERAGE$430   590 CAD
HIGH$2,900   3,900 CAD
Per Month

Healthcare Cost7%

7% of total expenses on average (4% to 10%)

LOW$20   27 CAD
AVERAGE$130   180 CAD
HIGH$860   1,200 CAD
Per Month

Leisure and Shopping Cost4%

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

LOW$17   23 CAD
AVERAGE$110   150 CAD
HIGH$720   980 CAD
Per Month

Education Cost19%

19% of total expenses on average (12% to 24%)

LOW$64   86 CAD
AVERAGE$410   560 CAD
HIGH$2,700   3,700 CAD
Per Month

Other Expenses17%

17% of total expenses on average (11% to 23%)

LOW$50   68 CAD
AVERAGE$320   440 CAD
HIGH$2,200   2,900 CAD
Per Month
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