Cost of living in Inuvik
Inuvik, located in the Northwest Territories of Canada, offers a unique living experience with its remote location and vibrant community. Understanding the cost of living in Inuvik is crucial for anyone considering moving to or residing in this northern town.
This guide provides a detailed breakdown of the expenses you can expect, from dining and groceries to housing and transportation, helping you plan your budget effectively.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant MealA meal at a casual restaurant will typically cost $24.19 on average, with a range between $23.33 and $25.05.
- Mid-Range Restaurant (Three-Course Meal for Two)For a more upscale dining experience, expect to pay around $87.67, with prices ranging from $67.99 to $107.35.
- Fast Food (e.g., McDonald's)A McMeal or equivalent combo meal averages $14.31.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi)Domestic beer averages $6.44, imported beer $7.87, cappuccino $4.29, and Coke/Pepsi $2.15.
Grocery Prices
- MilkMilk is priced at $3.58 per liter.
- Bread (Loaf of Fresh White Bread)A loaf of fresh white bread costs $2.86.
- Cheese (Local, 1kg)Local cheese is priced at $11.45 per kg.
- Chicken Fillets (1kg)Chicken fillets cost $12.88 per kg.
- Fruits and Vegetables (e.g., Potatoes, Lettuce, Tomatoes)Potatoes are $4.29 per kg, lettuce $2.36 per head, and tomatoes $3.79 per kg.
Transportation
- Public Transport (One-Way Ticket)A one-way local transport ticket costs $2.4.
- Monthly PassA monthly public transport pass is priced at $111.65.
- Fuel (Gasoline)Gasoline is priced at $1.54 per liter.
- Taxi FaresTaxi fares start at $4.65, with a cost of $1.43 per km and $22.9 per hour of waiting.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre)Rent for a 1-bedroom apartment in the city centre averages $1431.35.
- 1-Bedroom Apartment Rent (Outside Centre)Outside the centre, rent averages $1359.78.
- 3-Bedroom Apartment Rent (City Centre)Rent for a 3-bedroom apartment in the city centre averages $2268.69.
- 3-Bedroom Apartment Rent (Outside Centre)Outside the centre, rent averages $1932.32.
- Buying Price per Square Meter (City Centre)The price per square meter to buy an apartment in the city centre averages $17176.18.
- Buying Price per Square Meter (Outside Centre)Outside the centre, the price per square meter averages $14313.48.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.)Basic utilities for an 85m2 apartment cost $114.51 on average.
- InternetInternet services average $189.65.
Cost of Living Data
The following pricing data has been gathered from 3 user contributions, as of the most recent update in July, 2024.
Restaurants
Restaurants
Avg
Range
Meal, Inexpensive Restaurant
$24.19
Meal for 2 People, Mid-range Restaurant, Three-course
$87.67
McMeal at McDonalds (or Equivalent Combo Meal)
$14.31
Domestic Beer (0.5 liter draught)
$6.44
Imported Beer (0.33 liter bottle)
$7.87
Coke/Pepsi (0.33 liter bottle)
$2.15
Water (0.33 liter bottle)
$2.15
Cappuccino (regular)
$4.29
Markets
Markets
Avg
Range
Milk (regular), (1 liter)
$3.58
Loaf of Fresh White Bread (500g)
$2.86
Local Cheese (1kg)
$11.45
Bottle of Wine (Mid-Range)
$13.60
Domestic Beer (0.5 liter bottle)
$2.86
Imported Beer (0.33 liter bottle)
$2.86
Cigarettes 20 Pack (Marlboro)
$14.31
Chicken Fillets (1kg)
$12.88
Potato (1kg)
$4.29
Lettuce (1 head)
$2.36
Rice (white), (1kg)
$3.58
Tomato (1kg)
$3.79
Onion (1kg)
$2.86
Beef Round (1kg) (or Equivalent Back Leg Red Meat)
$14.31
Transportation
Transportation
Avg
Range
One-way Ticket (Local Transport)
$2.40
Monthly Pass (Regular Price)
$111.65
Gasoline (1 liter)
$1.54
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)
$41,239.29
Taxi Start (Normal Tariff)
$4.65
Taxi 1km (Normal Tariff)
$1.43
Taxi 1hour Waiting (Normal Tariff)
$22.90
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car)
$37,353.90
Rent Per Month
Rent Per Month
Avg
Range
Apartment (1 bedroom) in City Centre
$1,431.35
Apartment (1 bedroom) Outside of Centre
$1,359.78
Apartment (3 bedrooms) in City Centre
$2,268.69
Apartment (3 bedrooms) Outside of Centre
$1,932.32
Utilities (Monthly)
Utilities (Monthly)
Avg
Range
Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment
$114.51
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL)
$189.65
Mobile Phone Monthly Plan with Calls and 10GB+ Data
$46.52
Sports And Leisure
Sports And Leisure
Avg
Range
Fitness Club, Monthly Fee for 1 Adult
$53.68
Tennis Court Rent (1 Hour on Weekend)
$21.47
Cinema, International Release, 1 Seat
$14.31
Clothing And Shoes
Clothing And Shoes
Avg
Range
1 Pair of Jeans (Levis 501 Or Similar)
$64.41
1 Summer Dress in a Chain Store (Zara, H&M, ...)
$42.94
1 Pair of Nike Running Shoes (Mid-Range)
$100.19
1 Pair of Men Leather Business Shoes
$121.66
Buy Apartment Price
Buy Apartment Price
Avg
Range
Price per Square Meter to Buy Apartment in City Centre
$17,176.18
Price per Square Meter to Buy Apartment Outside of Centre
$14,313.48
Salaries And Financing
Salaries And Financing
Avg
Range
Average Monthly Net Salary (After Tax)
$3,800.00
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate
4.94%
Childcare
Childcare
Avg
Range
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child
$1,123.61
International Primary School, Yearly for 1 Child
$17,891.85
Worldwide
Canada
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