Cost Of Living For a Single Person in Northwest Territories 2025

Single person cost of living chart - individual average monthly expenditure in Northwest Territories

Average Monthly Expenditure

Currency: CAD
650 4,600 30,000
MINIMUM AVERAGE MAXIMUM
$480 $3,400 $22,000

Average monthly spending for a single person or individual in Northwest Territories

How much money does an individual need in a month to survive in Northwest Territories?

A single person in Northwest Territories spends around 4,600 CAD per month on average. Depending on the lifestyle, a single individual can survive with a monthly budget as low as 650 CAD or as high as 30,000 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 Northwest Territories


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

Dining, food, and beverages costs


Fast food combo meal

7.1 CAD 14 CAD 24 CAD
MINIMUM AVERAGE MAXIMUM
$5.2 $10 $17

Restaurant meal for one

24 CAD 36 CAD 71 CAD
MINIMUM AVERAGE MAXIMUM
$17 $26 $52

Fine dining meal for one

47 CAD 71 CAD 280 CAD
MINIMUM AVERAGE MAXIMUM
$35 $52 $210

Cappuccino or latte

5.9 CAD 9.4 CAD 14 CAD
MINIMUM AVERAGE MAXIMUM
$4.3 $6.9 $10

Grocery and market costs


Milk large bottle

4.7 CAD 5.6 CAD 7.1 CAD
MINIMUM AVERAGE MAXIMUM
$3.5 $4.1 $5.2

12 eggs

3.5 CAD 4.7 CAD 7.1 CAD
MINIMUM AVERAGE MAXIMUM
$2.6 $3.5 $5.2

Fresh whole chicken

8 CAD 10 CAD 15 CAD
MINIMUM AVERAGE MAXIMUM
$5.9 $7.6 $11

Pack of beef

9.4 CAD 14 CAD 28 CAD
MINIMUM AVERAGE MAXIMUM
$6.9 $10 $21

Medium bag of rice

3.8 CAD 5.2 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
$1.9 $2.4 $4
Chart showing the prices and cost of commute, travel, and transportation in Northwest Territories


Commute, travel, and transportation costs


20 minutes taxi ride

5.9 CAD 7.1 CAD 14 CAD
MINIMUM AVERAGE MAXIMUM
$4.4 $5.2 $10

Average car full tank

35 CAD 47 CAD 94 CAD
MINIMUM AVERAGE MAXIMUM
$26 $35 $69

Average car 1-day rental

36 CAD 48 CAD 72 CAD
MINIMUM AVERAGE MAXIMUM
$26 $35 $53

Average car price

18,000 CAD 35,000 CAD 47,000 CAD
MINIMUM AVERAGE MAXIMUM
$13,000 $26,000 $35,000

Bus ticket one way

1.2 CAD 1.8 CAD 3.6 CAD
MINIMUM AVERAGE MAXIMUM
$0.88 $1.3 $2.6

Car Service

48 CAD 72 CAD 140 CAD
MINIMUM AVERAGE MAXIMUM
$35 $53 $110
Chart showing the prices and cost of utility, energy, water, and gas in Northwest Territories


Utility cost (monthly)


Utility Bill - Individual

39 CAD 270 CAD 1,800 CAD
MINIMUM AVERAGE MAXIMUM
$29 $200 $1,300

Internet and cable

35 CAD 71 CAD 94 CAD
MINIMUM AVERAGE MAXIMUM
$26 $52 $69

Mobile phone charges

28 CAD 47 CAD 140 CAD
MINIMUM AVERAGE MAXIMUM
$21 $35 $100

Leisure and activities costs


Movie ticket

18 CAD 24 CAD 35 CAD
MINIMUM AVERAGE MAXIMUM
$13 $17 $26

One month gym membership

58 CAD 72 CAD 140 CAD
MINIMUM AVERAGE MAXIMUM
$42 $53 $110
Chart showing the prices and cost of clothing and accessories in Northwest Territories


Cloths and accessories costs


Pair of jeans or pants

42 CAD 60 CAD 90 CAD
MINIMUM AVERAGE MAXIMUM
$31 $44 $66

Woman dress

40 CAD 55 CAD 180 CAD
MINIMUM AVERAGE MAXIMUM
$29 $41 $130

Woman shoes

38 CAD 51 CAD 120 CAD
MINIMUM AVERAGE MAXIMUM
$28 $38 $88

Men's shoes

33 CAD 40 CAD 80 CAD
MINIMUM AVERAGE MAXIMUM
$24 $29 $59

Men suit

36 CAD 45 CAD 240 CAD
MINIMUM AVERAGE MAXIMUM
$26 $33 $180

Regular t-shirt

18 CAD 24 CAD 72 CAD
MINIMUM AVERAGE MAXIMUM
$13 $18 $53
Chart showing the prices and cost of housing, accommodation, and rent in Northwest Territories


Housing costs / monthly rent


Studio apartment

600 CAD 900 CAD 2,400 CAD
MINIMUM AVERAGE MAXIMUM
$440 $660 $1,800

1-bedroom apartment

900 CAD 1,400 CAD 3,600 CAD
MINIMUM AVERAGE MAXIMUM
$660 $1,100 $2,600

2-bedroom apartment

1,200 CAD 1,800 CAD 4,800 CAD
MINIMUM AVERAGE MAXIMUM
$880 $1,300 $3,500

Housing costs / Buying


Studio apartment

120,000 CAD 180,000 CAD 360,000 CAD
MINIMUM AVERAGE MAXIMUM
$88,000 $130,000 $260,000

1-bedroom apartment

140,000 CAD 240,000 CAD 900,000 CAD
MINIMUM AVERAGE MAXIMUM
$110,000 $180,000 $660,000

2-bedroom apartment

240,000 CAD 720,000 CAD 1.4M CAD
MINIMUM AVERAGE MAXIMUM
$180,000 $530,000 $1.1M
Chart showing the prices and cost of furniture in Northwest Territories


Furniture Costs


King Size Bed

710 CAD 880 CAD 1,200 CAD
MINIMUM AVERAGE MAXIMUM
$520 $650 $860

Double Bed

470 CAD 710 CAD 880 CAD
MINIMUM AVERAGE MAXIMUM
$350 $520 $650

Single Bed

410 CAD 540 CAD 710 CAD
MINIMUM AVERAGE MAXIMUM
$310 $400 $520

Living Room

780 CAD 1,000 CAD 3,500 CAD
MINIMUM AVERAGE MAXIMUM
$580 $740 $2,600

Dining Table

350 CAD 470 CAD 880 CAD
MINIMUM AVERAGE MAXIMUM
$260 $350 $650

Sofa or Couch

470 CAD 640 CAD 1,400 CAD
MINIMUM AVERAGE MAXIMUM
$350 $470 $1,000
Chart showing the prices and cost of electronic devices and appliances in Northwest Territories


Electronics and House Appliance Costs


TV Set

470 CAD 710 CAD 1,400 CAD
MINIMUM AVERAGE MAXIMUM
$350 $520 $1,000

Fridge or Freezer

410 CAD 640 CAD 880 CAD
MINIMUM AVERAGE MAXIMUM
$310 $470 $650

Washing Machine

540 CAD 780 CAD 1,400 CAD
MINIMUM AVERAGE MAXIMUM
$400 $580 $1,000

Stove or Cooker

500 CAD 640 CAD 880 CAD
MINIMUM AVERAGE MAXIMUM
$370 $470 $650

Mobile Phone

590 CAD 710 CAD 1,000 CAD
MINIMUM AVERAGE MAXIMUM
$430 $520 $740

Laptop or Computer

640 CAD 780 CAD 1,400 CAD
MINIMUM AVERAGE MAXIMUM
$470 $580 $1,000
Single person or Individual cost of living and expenditure to income ratio in Northwest Territories

Single person expenditure to income ratio in Northwest Territories

Analysing the how affordable it is for an individual to live in Northwest Territories

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


Spending to Income Ratio

78%

69% to 87%

( expenditure / income ) x 100


Individuals in Northwest Territories spend around 78% of their monthly income. Some individuals spend as low as 69% of their income while some as high as 87%.

Distribution of monthly cost of living expenses of a single person in Northwest Territories

How do individuals spend their money in Northwest Territories?

We asked thousands of individuals 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 individuals

Accomodation Cost34%

34% of total expenses on average (22% to 46%)

LOW$170   230 CAD
AVERAGE$1,200   1,600 CAD
HIGH$8,100   11,000 CAD
Per Month

Individuals in Northwest Territories typically spend from 22% to 46% of their total monthly expenditure on housing with 34% being the average. The average monthly spend on housing is 1,600 CAD with expenditure ranging from 230 CAD to 11,000 CAD. This cost mainly goes for rent but it also includes other accommodation-related expenses.

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

Cost of utilities7%

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

LOW$29   39 CAD
AVERAGE$200   270 CAD
HIGH$1,300   1,800 CAD
Per Month

Utility expenditure like electricity, water, and gas in Northwest Territories ranges from 3% to 12% of total expenses with 7% being the average for most individuals. The average monthly cost of utilities is 270 CAD with 39 CAD and 1,800 CAD being the upper and lower limits for a single person.

Transport, fuel, and commute expenditure for individuals

Cost of transport and fuel7%

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

LOW$38   52 CAD
AVERAGE$270   370 CAD
HIGH$1,800   2,400 CAD
Per Month

Fuel consumption and cost of transport depend heavily on whether a single person resides near school and work, but roughly speaking a single person would expect to spend from 52 CAD to 2,400 CAD in a month on commuting with 370 CAD being the norm for most individuals. This means that money spent on transport constitutes about 7% of total spending on average but can go as low as 5% or as high as 13%.

Food, groceries, and basic shopping expenditure for individuals

Food and Groceries Cost17%

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

LOW$77   100 CAD
AVERAGE$540   730 CAD
HIGH$3,600   4,900 CAD
Per Month

The average outlay on groceries and basic houshold items for a typical person in a month in Northwest Territories is 730 CAD. The cost of groceries can range between 100 CAD to 4,900 CAD. Individuals spend on average about 17% on food and groceries with upper and lower bounds of 11% and 22% respectively.

Healthcare and medical services expenditure for individuals

Cost of healthcare10%

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

LOW$43   59 CAD
AVERAGE$300   410 CAD
HIGH$2,000   2,700 CAD
Per Month

Individuals in Northwest Territories allocate 4% to 14% 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 59 CAD to 2,700 CAD with 410 CAD being the norm for most individuals.

Leisure and shopping expenditure for individuals

Cost of leisure and shopping4%

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

LOW$24   33 CAD
AVERAGE$170   230 CAD
HIGH$1,100   1,500 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 33 CAD to 1,500 CAD with 230 CAD being the average. Speaking of percentages, that equates to 3% to 7% of total expenses with an average of 4% for most individuals.

Education and schooling expenditure for individuals

Cost of education and schooling2%

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

LOW$9.6   13 CAD
AVERAGE$67   91 CAD
HIGH$450   610 CAD
Per Month

Spending on education can vary drastically between different individuals. On average, education constitutes 2% of the monthly expenditure of individuals with 1% and 4% being the lower and upper bounds respectively. The average reported education cost is 91 CAD per month with 13 CAD being the minimum spent amount and 610 CAD being the maximum.

Other Expenses19%

19% of total expenses on average (11% to 23%)

LOW$86   120 CAD
AVERAGE$600   820 CAD
HIGH$4,000   5,500 CAD
Per Month
Percentage of individuals who manage to save money from their income every month in Northwest Territories

What percentage of individuals in Northwest Territories are able to save money and how much can they save?


Percentage of individuals that reported their ability to save money


Saving Money
78%
Not Saving
22%

Almost 78% of surveyed individuals in Northwest Territories said that they can save some money at the end of each month while 22% reported that they have to utilize their whole income to survive.


A single person savings to income ratio in Northwest Territories

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 individuals 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

17% 28% of income 37%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

210 CAD
$160
1,900 CAD
$1,400
13,000 CAD
$9,300
MINIMUM AVERAGE MAXIMUM

Savings to income distribution levels for individuals

Saving To Income Ratio% Individuals
0% - 10%28%
10% - 20%22%
20% - 30%15%
30% - 40%17%
40% - 50%13%
> 50%5%

Interpretation and Analysis

Individuals that are able to save money can put anywhere from 17% to 37% of their monthly income to their savings, with 28% being the average for most individuals. The average monthly amount of money that individuals can put aside is 1,900 CAD with 210 CAD and 13,000 CAD being the minimum and maximum respectively.

Reasons that make it difficult for individuals to save money in Northwest Territories

Saving Challenges in Northwest Territories

Reasons that make it difficult for individuals to save money

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


Reason% People
Low Income7%
High Expenses10%
Debt and Loans20%
Lack of Budgeting Skills10%
Impulsive Spending9%
Financial Emergencies6%
Living the moment7%
Will do it later16%
Inflation10%
Social Pressure4%
Market Instability3%

Around 7% of the individuals 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. 20% 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 individuals 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 4% 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 individuals choose to put their savings in Northwest Territories

Typical saving choices for individuals in Northwest Territories

Where do people choose to put their savings?


Saving Type% People
Emergency Funds10%
Gold9%
Savings Accounts18%
Retirement Accounts12%
Cash Savings14%
Real Estate10%
Investment6%
Stocks7%
Bonds7%
Mutual Funds3%
Certificates of Deposit4%
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 individuals to live in Northwest Territories

Affordable living in Northwest Territories

Income and cost of living compatibility

We asked individuals one simple question and recorded their answers.

Is it affordable or economical to live in Northwest Territories?


Yes
85%
No
15%

Around 85% of surveyed individuals think that living in Northwest Territories is affordable with proper budgeting while 15% reported that it is just too expensive and not affordable even with frugality and thriftness.

How easily is cost-cutting for individuals. Are there plenty of low-cost options in Northwest Territories

Low-cost alternatives in Northwest Territories

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 individuals how easily cost-cutting is and the answers were distributed as follows:

Plenty of low-cost options66%

Few low-cost options34%


Based on the survey, 66% of the individuals living in Northwest Territories have no problem finding low-cost alternatives to support a frugal lifestyle while 34% think that thriftness is difficult due to scarcity in discount markets and secondhand outlets.

Emergency Funds For Individuals

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 individuals of Northwest Territories whether they have an emergency fund and the answers were as follows.

Yes83%

No17%


Based on the survey, 17% of the individuals living in Northwest Territories said that they don't have an emergency fund while 83% said that they do.

Financial literacy and difficulty in budgeting and financial planning for individuals in Northwest Territories

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 individuals in Northwest Territories 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 single people 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 single people living in Northwest Territories

Financial goals of individuals in Northwest Territories

In an attempt to understand the economic situation in Northwest Territories, 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 Reduction30%
Retirement Savings7%
Education Funding9%
Homeownership16%
Investing9%
Travel or Lifestyle12%
Healthcare Expenses7%
Financial Independence9%

Around 6% of individuals said that their main goal is to establish an emergency fund to cover unexpected expenses while 30% 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 12% of people, saving for vacations or upgrading their lifestyle is the number one concern. Approximately 7% of the residents said that saving for healthcare expenses including insurance premiums is their main goal.

Chart showing the percentage of individuals who are in debt in Northwest Territories

Debt, loans, and mortgages in Northwest Territories


Percentage of individuals who are in debt


In Debt
27%
Debt Free
73%

According to the survey, 27% of the individuals in Northwest Territories have some kind of debt, loan, mortgage, or credit card payments while 73% reported that they don't have financial obligations to banks.


Chart showing debt-to-income ratio in Northwest Territories

Debt-to-income ratio in Northwest Territories

Debt to income ratio

28%

18% to 38%

( 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 28% of a single person's monthly income in Northwest Territories goes to debt settlement.


Debt levels

Monthly debt settlement payment as percentage of monthly income

Debt-to-income ratio% People
> 60%2%
50% - 60%10%
40% - 50%10%
30% - 40%12%
20% - 30%17%
10% - 20%20%
0% - 10%28%

According to our data, 2% of the debtors in Northwest Territories 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. 10% of people in debt dedicate 40% to 50% of their income to loan and mortgage payments while 12% dedicated 30% to 40% of income for same. Things are looking brighter for 17% of individuals as they only pay 20% to 30% of their income for loan and credit card repayment.


Distribution by type of debt in Northwest Territories

Debt% People
Real Estate Mortgage15%
Auto Loan25%
Student Loan3%
Credit Card23%
Personal Loan35%

15% of debtors in Northwest Territories confirm that real estate mortgages constitutes the main part of their outstanding debt while 23% say that credit card payments are the reason they are in debt. Auto loans were the main type of debt for 25% of people and personal loans rose at 35%. Lastly, student loans are the main source of debt for 3% of debtors in Northwest Territories.


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 Northwest Territories

Besides measuring the loan-to-income ratio, we asked individuals of Northwest Territories 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
Never57%
Once a year21%
Twice a year11%
Three times a year8%
Four times a year3%
Housing and accommodation affordability, property price to income ratio, rent to income ratio, and housing affordability index chart in Northwest Territories

Housing costs, accommodation, and housing affordability in Northwest Territories

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


Rent Cost in Northwest Territories

Monthly Rent Prices

Studio apartment monthly rent cost

600 CAD 900 CAD 2,400 CAD
MINIMUM AVERAGE MAXIMUM
$440 $660 $1,800

1-bedroom apartment monthly rent cost

900 CAD 1,400 CAD 3,600 CAD
MINIMUM AVERAGE MAXIMUM
$660 $1,100 $2,600

2-bedroom apartment monthly rent cost

1,200 CAD 1,800 CAD 4,800 CAD
MINIMUM AVERAGE MAXIMUM
$880 $1,300 $3,500

3-bedroom apartment monthly rent cost

1,400 CAD 2,400 CAD 6,500 CAD
MINIMUM AVERAGE MAXIMUM
$1,100 $1,800 $4,800

Furnished apartment monthly rent cost

2,900 CAD 7,200 CAD 14,000 CAD
MINIMUM AVERAGE MAXIMUM
$2,100 $5,300 $11,000

Townhouse monthly rent cost

2,400 CAD 3,600 CAD 10,000 CAD
MINIMUM AVERAGE MAXIMUM
$1,800 $2,600 $7,600

House monthly rent cost

2,900 CAD 7,200 CAD 14,000 CAD
MINIMUM AVERAGE MAXIMUM
$2,100 $5,300 $11,000

Villa monthly rent cost

3,600 CAD 9,000 CAD 14,000 CAD
MINIMUM AVERAGE MAXIMUM
$2,600 $6,600 $11,000

The monthly rental cost of a studio apartment in Northwest Territories ranges between 600 CAD and 2,400 CAD, meanwhile the cost of monthly rental of a one-bedroom apartment can be anywhere from 900 CAD to 3,600 CAD. Two-bedroom rentals rate ranges between 1,200 CAD and 4,800 CAD per month. The monthly rental for a three-bedroom apartment ranges from 1,400 CAD to 6,500 CAD. The average rent of a townhouse in Northwest Territories is around 3,600 CAD while house rental costs can be as high as 7,200 CAD per month. Finally, if you want to rent a villa, expect to pay anywhere from 3,600 CAD to 14,000 CAD per month.



Apartment and house prices in Northwest Territories

Cost of buying a property

Studio apartment price

120,000 CAD 180,000 CAD 360,000 CAD
MINIMUM AVERAGE MAXIMUM
$88,000 $130,000 $260,000

1-bedroom apartment price

140,000 CAD 240,000 CAD 900,000 CAD
MINIMUM AVERAGE MAXIMUM
$110,000 $180,000 $660,000

2-bedroom apartment price

240,000 CAD 720,000 CAD 1.4M CAD
MINIMUM AVERAGE MAXIMUM
$180,000 $530,000 $1.1M

3-bedroom apartment price

800,000 CAD 1.2M CAD 3.6M CAD
MINIMUM AVERAGE MAXIMUM
$590,000 $880,000 $2.6M

Townhouse price

1M CAD 2.4M CAD 9M CAD
MINIMUM AVERAGE MAXIMUM
$760,000 $1.8M $6.6M

House price

1.2M CAD 7.2M CAD 10M CAD
MINIMUM AVERAGE MAXIMUM
$880,000 $5.3M $7.6M

Villa price

1.4M CAD 8M CAD 12M CAD
MINIMUM AVERAGE MAXIMUM
$1.1M $5.9M $8.8M

The average price of a studio apartment in Northwest Territories can range from 120,000 CAD to 360,000 CAD depending on location. One bedroom cost can be anywhere from 140,000 CAD to 900,000 CAD. A villa can cost you 8M CAD on average with prices ranging from 1.4M CAD to 12M CAD.


If you're leasing or purchasing, housing costs in Northwest Territories 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


49 x145 monthly income 236
MINIMUM AVERAGE MAXIMUM

Property prices in Northwest Territories can be x145 to x236 multiples of the monthly income depending on the property and the income of the person. On average, property prices are approximately x145 multiples of the average monthly salary in Northwest Territories.



Rent to income ratio


Rent to income ratio

( monthly rental / monthly income ) x 100


26% 36% of income 47%
MINIMUM AVERAGE MAXIMUM

The average rent-to-income ratio in Northwest Territories is around 36%. This means that people pay 36% of their income for rent. Those figures can range from 26% to 47% 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
34%

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
3.6%
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.


10 CAD 130 CAD 1,300 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 Northwest Territories

Utilities expenditure can vary slightly between different areas and locations.


Energy, electricity, water, gas, internet, and mobile cost in Northwest Territories

Utility Bill Cost / Electricity + Water + Gas / A single person

39 CAD 270 CAD 1,800 CAD
MINIMUM AVERAGE MAXIMUM
$29 $200 $1,300

Internet and cable cost

35 CAD 71 CAD 94 CAD
MINIMUM AVERAGE MAXIMUM
$26 $52 $69

Mobile phone bill and charges

28 CAD 47 CAD 140 CAD
MINIMUM AVERAGE MAXIMUM
$21 $35 $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 individuals is around 270 CAD. The cost of internet and WiFi ranges from 35 CAD to 94 CAD with 71 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


2.1% 5.3% of income 9.6%
MINIMUM AVERAGE MAXIMUM

The average utility-to-income ratio in Northwest Territories is around 5.3%. This means that people pay 5.3% of their income for energy, water, internet, and mobile charges. Those figures can range from 2.1% to 9.6% depending on salary and location.

Food Prices, Dining Expenses, and Grocery Costs in Northwest Territories

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


Prices and cost of goods and services in Northwest Territories

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

Fast food combo meal price

7.1 CAD 14 CAD 24 CAD
MINIMUM AVERAGE MAXIMUM
$5.2 $10 $17

The average price of a regular combo meal at a fast food outlet or chain like McDonald's, Pizzahut, or KFC in Northwest Territories is approximatly 14 CAD with meal cost ranging from 7.1 CAD to 24 CAD. The typical combo meal consists of a burger, french fries, and a drink.

Restaurant meal for one price

24 CAD 36 CAD 71 CAD
MINIMUM AVERAGE MAXIMUM
$17 $26 $52

If you are planning to have a nice meal at a mid-range restaurant, expect to pay anywhere between 24 CAD and 71 CAD with 36 CAD being the average price of a plate for one person at a regular restaurant in Northwest Territories.

Fine dining meal for one price

47 CAD 71 CAD 280 CAD
MINIMUM AVERAGE MAXIMUM
$35 $52 $210

The price range of a meal at fine-dining restaurant is 47 CAD to 280 CAD with the average cost being 71 CAD for one person. This is what you would expect to pay a top-tier diner in Northwest Territories.

Beverage prices, cappuccino, latte etc..

5.9 CAD 9.4 CAD 14 CAD
MINIMUM AVERAGE MAXIMUM
$4.3 $6.9 $10

The average price of a regular beverage like cappuccino or latte at Starbucks, Costa, or similar coffee shops and cafes in Northwest Territories is around 9.4 CAD. Price ranges between 5.9 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 7.1 CAD
MINIMUM AVERAGE MAXIMUM
$3.5 $4.1 $5.2

The average price of a large bottle of milk in Northwest Territories is 5.6 CAD. The maximum what you would pay for milk is 7.1 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 7.1 CAD
MINIMUM AVERAGE MAXIMUM
$2.6 $3.5 $5.2

A dozen eggs costs around 4.7 CAD on average with 3.5 CAD and 7.1 CAD being the lower and upper limits respectively.

Fresh whole chicken price

8 CAD 10 CAD 15 CAD
MINIMUM AVERAGE MAXIMUM
$5.9 $7.6 $11

The price range of a fresh whole chicken in Northwest Territories is between 8 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

9.4 CAD 14 CAD 28 CAD
MINIMUM AVERAGE MAXIMUM
$6.9 $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 5.2 CAD 7.3 CAD
MINIMUM AVERAGE MAXIMUM
$2.8 $3.8 $5.4

A bag of rice in Northwest Territories costs around 5.2 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
$1.9 $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


18% 27% of income 33%
MINIMUM AVERAGE MAXIMUM

The average grocery-to-income ratio in Northwest Territories is around 27%. This means that individuals spend 27% of their income on grocery and basic household items. The expenditure can range from 18% to 33% depending on salary and location.


Expenditure on food and grocery for individuals

Individuals' spending on grocery ranges from 100 CAD to 4,900 CAD with the location, income being the most determinite factors.

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