Cost of Living in the Canada
Calculate the Approximate Living Expenses in Canada
Planning to study at a Canadian University? You must be wondering what the cost of living in Canada will be? The living expenses in Canada vary from one individual to individual and city to city, and it takes several factors into account to calculate the expenditures.
Average Monthly Cost of Living in the Canada
|Other Expenses||280 CAD|
|Other Expenses||320 CAD|
|Other Expenses||330 CAD|
|Other Expenses||305 CAD|
|Other Expenses||230 CAD|
|Other Expenses||290 CAD|
|Other Expenses||295 CAD|
|Other Expenses||240 CAD|
|Other Expenses||480 CAD|
|On-campus Accommodation||2870 CAD|
|Off-campus Accommodation||1250 CAD|
Average Cost of Study in the Canada
|Pharmacy||CAD 32,886||CAD 10,500|
|Nursing||CAD 18,000||CAD 12,000|
|Medicine||CAD 33,000||Not Available|
|Architecture and Related Technologies||CAD 22,100||CAD 20,000|
|Engineering||CAD 26,582||CAD 15,800|
|Mathematics and Computer Science||CAD 25,000||CAD 13,000|
|Business Management||CAD 23,500||CAD 20,000|
|Law||CAD 27,056||CAD 16,549|
Canadian Cities with the Highest Cost of Living
Canadian Cities with the Lowest Cost of Living
- Saint Georges
Certain expenses will be an integral part of your average monthly cost of living in Canada, and it will not be possible to make amends to these bills. At the same time, there are expenses which you can take care of if you use money wisely and in a planned manner. Most of the students have a similar living cost in Canada per month, but it’s the management of the resources making all the difference. Taking a part-time job or choosing a place of shared residence in an affordable neighborhood can help you in saving a lot on your monthly living expenses in Canada.
Quebec is one of the most affordable states for students owing to its low cost of rent and lower living costs in Canada per month. This helps students in getting world-class education without taking a toll on their finances. The rent for a 1BHK within the city is 475 CAD, and for outside of the city, the rent is usually around 405 CAD. The cost of transportation is also around 40 CAD. The grocery cost is around 250 CAD.
New Brunswick is another state with loads of opportunities for you without putting a load on your average monthly expenses in Canada. The place has a lot to offer for budding entrepreneurs and has been a top location for business-related activities. The rents are 734 CAD and 642CAD for locations within and outside the city. The transportation and grocery expenses aren’t too high and have one of Canada’s most affordable average expenditures. The cost of transportation and grocery are 65 CAD and 240CAD, respectively.
Ontario is the third most affordable place to live in Canada. Residents of Ontario have one of the lowest average monthly expenses in Canada. The place also has Lakehead University, making it one of the most sought locations for students. The rents for within and outside the city are 925 CAD and 818.75 CAD. The grocery cost for a month is estimated to be around 250 CAD making it an ideal place for students to live a comfortable life without spending a hefty amount on living expenses in Canada. The cost of transportation is around 90 CAD per month.
As mentioned above, if you are planning to live in a city like Ottawa, the chances are very likely that you will end up spending more than 600 CAD on grocery alone, and the rent is as high as 1550 CAD (starting rent) within the city and 1250 CAD(starting rent) outside the city. Thus, the living standard is high; thus, miscellaneous expenses like outing and dinner at a restaurant will cost more than in other low-budget cities.
Similarly, Victoria is one such town wherein you will have to pay a high rent of 1600 CAD for accommodation within the city and 1400 outside the city. The cost of living in Canada for Indian students is a thing of concern, and in a city like Victoria, the cost of lunch can be around 80 CAD in a mid-range restaurant. The transportation via cabs can cost you around 3.50 CAD.
Montreal is another town that once had the distinction of being the cheapest metro city in Canada. However, with the rise in living costs in Canada per month, the place has become expensive, with rents soaring up to 1800 CAD. In a city like Montreal, where the average cost of internet for a 60mbps plan is 65 CAD, it can be expensive for those concerned about their Cost of living in Canada.
The course fee for certain courses like Medicine, Engineering, MBA can be a bit higher than other courses. Students take up courses depending on their employability post completion of the course. It will prove to be beneficial to choose a course with more demand in the market and incline with your field of interest. You shouldn’t compromise on the field of interest even if the fee is a bit high, there are multiple NBFCs (Non-Banking Financial Companies) offering loans for different courses, so there isn’t a dearth of financing.
Certainly, there are some fields like Medicine and Engineering where prospects are higher than others, but that shouldn’t limit your scope. The education cost in Canada is relatively less than in many other western countries. But you should also note that the monthly living expenses in Canada have seen an upward trend owing to a large number of immigrations. Therefore one should always take help from experts, the internet, and consultation from friends and family living in Canada. They can help you get the real picture of Canada’s living expenses and job prospects in different courses offered at the universities in Canada.
In a country like Canada, where there is a huge diversity of resources and standard of living, the cost of living in Canada is both cheap and expensive depending on the place where you choose to study. For instance, cities like Montreal and Ottawa have high average expenditure in Canada. While places like Ontario and Quebec have a relatively moderate cost of living in Canada for Indian students. Students have different priorities in their minds and different financial statuses, so there is no blanket rule to select a city for further studies.
However, the average expense in Canada is definitely higher than in Asian countries, and you may consider educational institutions based on the living cost in Canada per month. People tend to live in big cities as there comes a package of opportunities, right from top companies to better-living standards, but financial feasibility must be considered, and accordingly, the University should be selected.
The on-campus accommodation usually costs around 4000-8000 CAD/ annum. But having a shared arrangement outside the city center will definitely help you manage your finances and reduce the average expense in Canada.
If you are ready to cook food at home, then Canada’s living expenses will have the least impact on the food bills. An average food cost for students is around 500-700 CAD per annum. Also, there are community kitchens run by the Indian diaspora, wherein you can enjoy quality food for free on an occasional outing.
The cost of the taxi is also around INR 120/ Km, which is high than what you might have seen in an Indian city. So the best way is to use public transport or own a pre-used car. You must choose your mode of travel in line with your average expenditure in Canada.
For a 60mbps plan, you will have to pay around 60 CAD per month. The cost of books and stationery, which is mostly a one-time expense, will cost you anywhere between 300-600 CAD, but it may vary from one course to another. For instance, the cost of stationery may go up for medicine, law, and engineering courses. The cost of health insurance varies, and some states even provide free health insurance to students. A part-time job can help you in managing your average expenditure in Canada.