Cost of living in Labrador City
Labrador City, located in the province of Newfoundland and Labrador, Canada, is known for its rich natural resources and vibrant community. Understanding the cost of living in this city is crucial for residents and newcomers alike, as it impacts budgeting and lifestyle choices.
This guide provides a detailed breakdown of the cost of living in Labrador City for 2024, covering essential categories such as dining, groceries, transportation, housing, and utilities.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $31.11 on average, with a range between $22.88 and $39.33.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $70.79, with prices ranging from $55.78 to $85.81.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $13.05, with a range between $12.87 and $13.23.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer averages $7.15, imported beer $4.65, cappuccino $3.58, and Coke/Pepsi $4.11.
Grocery Prices
- Milk - Milk is priced at $2.85 per liter.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs $3.07.
- Eggs (Dozen) - A dozen eggs average $2.89, with prices ranging from $2.86 to $2.92.
- Rice (1kg) - Rice is priced at $1.65 per kg.
- Bananas (1kg) - Bananas cost $1.56 per kg.
- Onions (1kg) - Onions are priced at $3.57 per kg.
Transportation
- Fuel (Gasoline) - Gasoline is priced at $1.29 per liter.
Housing Costs
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost $493.86.
- Internet - Internet services range from $71.51 to $117.27, with an average cost of $94.39.
- Mobile Phone Plan - A mobile phone plan with calls and 10GB+ data averages $91.53.
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
Restaurants
Restaurants
Markets
Markets
Transportation
Transportation
Utilities (Monthly)
Utilities (Monthly)
Salaries And Financing
Salaries And Financing
"Key Takeaways"
Labrador City presents a relatively high cost of living, particularly in dining and utilities. Dining out can be expensive, with even casual meals averaging over $30.
Grocery prices are moderate, with essentials like milk and bread being reasonably priced. However, utilities, especially internet and mobile plans, are on the higher side.
Transportation costs are primarily driven by fuel prices, which are moderate compared to other regions.
Conclusion
In conclusion, Labrador City offers a unique living experience with its natural beauty and community spirit. However, potential residents should be prepared for higher costs in dining and utilities.
Budgeting carefully and exploring cost-saving measures, such as cooking at home and choosing economical mobile plans, can help manage expenses effectively.
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