Cost of living in Newmarket
Newmarket, a vibrant town in Canada, offers a unique blend of urban and suburban living. Understanding the cost of living here is crucial for potential residents and those planning to relocate.
This guide provides a detailed breakdown of expenses, including housing, dining, transportation, and more, to help you make informed financial decisions.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $15.73 on average, with a range between $10.73 and $28.6.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $42.91, with prices ranging from $35.75 to $71.51.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $10.73, with a range between $10.15 and $12.16.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $2.5 to $7.15, imported beer $4.29 to $9.3, cappuccino $2.15 to $5.01, and Coke/Pepsi $1.43 to $3.58.
Grocery Prices
- Milk - Milk is priced between $1.02 and $4.83 per liter, averaging $1.39.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $1.3 and $2.86, with an average price of $1.9.
- Eggs (Dozen) - A dozen eggs range from $1.92 to $4.28, averaging $2.95.
- Fruits (e.g., Apples, Oranges) - Apples cost $1.58 to $7.88 per kg, while oranges range from $1.58 to $8.8 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $1.43 and $7.12 per kg, and lettuce costs $0.89 to $2.14 per head.
Transportation
- Public Transport (One-Way Ticket) - A one-way local transport ticket costs $3.22.
- Monthly Pass - A monthly public transport pass is priced at $117.99.
- Fuel (Gasoline) - Gasoline is priced between $0.98 and $1.22 per liter.
- Taxi Fares - Taxi fares start at $4.29, with a cost of $14.3 per hour of waiting.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre ranges from $1412.3 to $1787.72, averaging $1614.91.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $1287.16 to $1787.72, averaging $1471.89.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre ranges from $2288.28 to $2681.58, averaging $2490.89.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $1787.72 to $2538.56, averaging $2204.86.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $85.81 and $321.79, averaging $96.54.
- Internet - Internet services range from $35.75 to $85.81, with an average cost of $44.92.
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.
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"Key Takeaways"
Newmarket offers a moderate cost of living with reasonable housing and dining expenses. Public transportation is accessible, though owning a car might be beneficial due to gasoline prices.
Grocery prices vary, with some items like milk and bread being relatively affordable, while others, such as fruits and vegetables, can be more expensive.
Utilities and internet costs are generally manageable, making Newmarket a balanced choice for those seeking a suburban lifestyle with urban amenities.
Conclusion
In conclusion, Newmarket presents a balanced cost of living, making it an attractive option for individuals and families alike.
With its blend of affordable housing, diverse dining options, and accessible transportation, Newmarket is well-suited for those looking to enjoy a suburban lifestyle with the conveniences of city living.