Cost of living in London
London, Canada, offers a unique blend of urban and suburban living, making it an attractive place for many. Understanding the cost of living here is crucial for anyone considering a move or planning their budget.
This guide provides a detailed breakdown of the 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 $16.11 on average, with a range between $10.74 and $32.22.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $71.61, with prices ranging from $42.97 to $107.41.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $10.03, with a range between $9.31 and $11.46.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $2.72 to $6.09, imported beer $4.3 to $8.59, cappuccino $1.55 to $5.01, and Coke/Pepsi $1.43 to $3.17.
Grocery Prices
- Milk - Milk is priced between $1.04 and $2.86 per liter, averaging $1.79.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $1.43 and $3.47, with an average price of $2.3.
- Eggs (Dozen) - A dozen eggs range from $2.15 to $5.73, averaging $3.25.
- Fruits (e.g., Apples, Oranges) - Apples cost $2.14 to $7.16 per kg, while oranges range from $1.79 to $5.73 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $0.72 and $2.37 per kg, and lettuce costs $1.43 to $3.57 per head.
Transportation
- Public Transport (One-Way Ticket) - A one-way local transport ticket costs between $1.9 and $2.51, with a monthly pass priced between $64.45 and $107.41.
- Fuel (Gasoline) - Gasoline is priced between $1 and $1.24 per liter.
- Taxi Fares - Taxi fares start at $2.15, with a cost of $1.43 to $2.15 per km and $25.06 to $35.8 per hour of waiting.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre ranges from $1074.13 to $2539.06, averaging $1487.02.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $930.91 to $1904.3, averaging $1198.59.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre ranges from $1790.21 to $3808.6, averaging $2314.53.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $1432.17 to $2919.92, averaging $1831.3.
- Buying Price per Square Meter (City Centre) - The price per square meter to buy an apartment in the city centre ranges from $2398.88 to $4654.54, averaging $3276.08.
- Buying Price per Square Meter (Outside Centre) - Outside the centre, the price per square meter ranges from $2619.43 to $3795.24, averaging $2776.41.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $58.24 and $253.91, averaging $144.06.
- Internet - Internet services range from $40.1 to $85.93, with an average cost of $57.6.
Cost of Living Rankings
London ranks 14th on the Cost of Living rankings in Canada. 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
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Markets
Transportation
Transportation
Rent Per Month
Rent Per Month
Utilities (Monthly)
Utilities (Monthly)
Sports And Leisure
Sports And Leisure
Clothing And Shoes
Clothing And Shoes
Buy Apartment Price
Buy Apartment Price
Salaries And Financing
Salaries And Financing
Childcare
Childcare
"Key Takeaways"
London, Canada, offers a relatively affordable cost of living compared to larger Canadian cities. Dining out can be budget-friendly, especially at casual restaurants.
Housing costs vary significantly depending on location, with city centre apartments being more expensive. Public transportation is reasonably priced, making it a viable option for daily commuting.
Grocery prices are moderate, with some variation in the cost of fresh produce and dairy products. Utilities and internet services are competitively priced, contributing to overall affordability.
Conclusion
In conclusion, London, Canada, presents a balanced cost of living, making it an attractive option for individuals and families seeking a mix of urban and suburban lifestyles.
While housing in the city centre can be pricey, options outside the centre offer more affordable alternatives. With reasonable transportation and utility costs, London is a city that supports a comfortable lifestyle without excessive expenses.