Cost of living in Peace River
Peace River, located in Canada, offers a unique blend of small-town charm and natural beauty. Understanding the cost of living in Peace River is crucial for anyone considering moving to or residing in this picturesque town.
This guide provides a detailed breakdown of essential expenses, including housing, utilities, and more, to help you plan your budget effectively.
Cost of Living Summary
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre averages $715.09.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment average $315.85 per month.
- Internet - Internet services average $71.51 per month.
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
Rent Per Month
Rent Per Month
Utilities (Monthly)
Utilities (Monthly)
"Key Takeaways"
Peace River offers affordable housing options, with the average rent for a 1-bedroom apartment in the city centre being relatively low compared to larger Canadian cities.
Utility costs are a significant part of monthly expenses, with basic utilities and internet services contributing notably to the overall cost of living.
Conclusion
In conclusion, Peace River provides a cost-effective living environment, especially in terms of housing. While utility costs are considerable, the overall cost of living remains manageable.
For those seeking a balance between affordability and quality of life, Peace River presents an attractive option.