Cost of living in Humboldt
Humboldt, a charming city in Canada, offers a unique blend of small-town charm and modern amenities. Understanding the cost of living here is crucial for both potential residents and those planning to relocate.
This guide provides a detailed breakdown of expenses in Humboldt, covering everything from dining and groceries to transportation and housing.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $10.74 on average, with a range between $10.02 and $35.78.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $32.21, with prices ranging from $32.21 to $93.04.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $10.02, with a range between $8.59 and $19.32.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $4.29 to $7.16, imported beer $4.29 to $7.16, cappuccino $2.33 to $10.74, and Coke/Pepsi $1.43 to $7.16.
Grocery Prices
- Milk - Milk is priced between $1 and $2.86 per liter, averaging $1.64.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $1.25 and $3.58, with an average price of $1.78.
- Eggs (Dozen) - A dozen eggs range from $1.78 to $4.29, averaging $1.78.
- Fruits (e.g., Apples, Oranges) - Apples cost $1.43 to $6.44 per kg, while oranges range from $1.4 to $11.45 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $1.58 and $7.16 per kg, and lettuce costs $1.79 to $3.58 per head.
Transportation
- Fuel (Gasoline) - Gasoline is priced between $0.95 and $1.15 per liter.
- Taxi Fares - Taxi fares start at $3.22, with a cost of $0.66 per km and $28.63 per hour of waiting.
- Car Purchase - A new Volkswagen Golf costs $24,317.18, while a Toyota Corolla is priced between $18,607.53 and $19,597.
Housing Costs
- Mortgage Interest Rate - The mortgage interest rate for a 20-year fixed-rate loan is between 6% and 6.9%, averaging 6.84%.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $107.35 and $350.68, averaging $121.66.
- Internet - Internet services range from $35.78 to $60.83, with an average cost of $51.4.
- Mobile Phone Plan - A mobile phone plan with calls and 10GB+ data costs between $21.47 and $106.64, averaging $49.99.
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"
Humboldt offers a relatively affordable cost of living compared to larger Canadian cities. Dining out is quite economical, especially at casual restaurants.
Grocery prices are reasonable, with essentials like milk and bread being particularly affordable.
Transportation costs are moderate, with gasoline prices being competitive and taxi fares reasonable.
Utilities and internet services are priced fairly, though mobile phone plans can vary significantly in cost.
Conclusion
Overall, Humboldt presents a balanced cost of living, making it an attractive option for those seeking a more affordable lifestyle in Canada.
While some costs, such as dining and groceries, are quite low, potential residents should consider the variability in housing and utility expenses.
With its blend of affordability and quality of life, Humboldt is a city worth considering for relocation or long-term residence.