Cost of living in Coquitlam
Coquitlam, a vibrant city in Canada, offers a unique blend of urban amenities and natural beauty. Understanding the cost of living here is crucial for anyone considering a move or planning to budget effectively.
This guide provides a detailed breakdown of the various expenses you can expect, from dining and groceries to housing and transportation, helping you make informed financial decisions.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $13.8 on average, with a range between $10.4 and $27.74.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $48.55, with prices ranging from $34.68 to $110.96.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $9.71, with a range between $8.32 and $11.79.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $2.77 to $6.94, imported beer $5.55 to $6.94, cappuccino $1.39 to $4.85, and Coke/Pepsi $1.39 to $3.12.
Grocery Prices
- Milk - Milk is priced between $0.88 and $2.43 per liter, averaging $1.37.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $1.28 and $3.47, with an average price of $1.9.
- Eggs (Dozen) - A dozen eggs range from $2.08 to $6.24, averaging $3.58.
- Fruits (e.g., Apples, Oranges) - Apples cost $1.82 to $4.58 per kg, while oranges range from $1.82 to $6.41 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $0.92 and $3.81 per kg, and lettuce costs $1.39 to $5.2 per head.
Transportation
- Public Transport (One-Way Ticket) - A one-way local transport ticket costs between $2.08 and $2.18, with a monthly pass priced between $70.91 and $131.07.
- Fuel (Gasoline) - Gasoline is priced between $1.11 and $1.39 per liter.
- Taxi Fares - Taxi fares start at $2.32, with a cost of $1.34 to $2.08 per km and $23.9 per hour of waiting.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre ranges from $1733.76 to $2080.52, averaging $1907.14.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $1560.39 to $1803.11, averaging $1699.09.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre ranges from $3120.77 to $3814.28, averaging $3467.53.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $2427.27 to $2635.32, averaging $2531.29.
- Buying Price per Square Meter (City Centre) - The price per square meter to buy an apartment in the city centre averages $5971.86.
- Buying Price per Square Meter (Outside Centre) - Outside the centre, the price per square meter averages $4852.14.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $138.7 and $214.36, averaging $165.21.
- Internet - Internet services range from $52.01 to $131.77, with an average cost of $56.27.
Cost of Living Rankings
The cost of living indices for Canada are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in Canada, covering factors like consumer goods, rent, and purchasing power.
Cost of Living Data
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"Key Takeaways"
Coquitlam offers a relatively balanced cost of living with moderate expenses in dining and groceries. Housing costs are significant, especially in the city centre, but options outside the centre are more affordable.
Transportation is reasonably priced, with public transport and fuel costs being manageable. Utilities and internet services are also within a moderate range, making Coquitlam a viable option for many.
Conclusion
In conclusion, Coquitlam presents a cost of living that is reflective of its urban amenities and suburban charm. While housing in the city centre can be pricey, the overall expenses are balanced by affordable dining and transportation options.
Potential residents should consider their housing preferences and budget accordingly, as living outside the city centre can offer significant savings. Coquitlam remains an attractive location for those seeking a blend of city life and natural surroundings.