Cost of living in Sherwood Park
Sherwood Park, located in Canada, offers a unique blend of suburban comfort and urban convenience. Understanding the cost of living here is crucial for anyone considering a move or planning their budget.
This guide provides a detailed breakdown of expenses in Sherwood Park, 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 $17.10 on average, with a range between $10.33 and $35.63.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $57.01, with prices ranging from $42.76 to $142.53.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $10.69, with a range between $8.55 and $12.83.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $3.56 to $7.13, imported beer $4.28 to $7.13, cappuccino $1.43 to $5.69, and Coke/Pepsi $1.43 to $2.85.
Grocery Prices
- Milk - Milk is priced between $1.07 and $2.14 per liter, averaging $1.99.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $1.43 and $3.56, with an average price of $2.42.
- Eggs (Dozen) - A dozen eggs range from $2.49 to $5.70, averaging $3.57.
- Fruits (e.g., Apples, Oranges) - Apples cost $1.60 to $5.96 per kg, while oranges range from $1.07 to $6.41 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $0.71 and $4.63 per kg, and lettuce costs $1.78 to $4.28 per head.
Transportation
- Public Transport (Monthly Pass) - A monthly pass for local transport costs $71.98.
- Fuel (Gasoline) - Gasoline is priced between $0.85 and $1.20 per liter.
- Taxi Fares - Taxi fares start at $2.92, with a cost of $1.32 per km and $21.38 per hour of waiting.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre averages $1496.53.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent averages $890.79.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre averages $2137.89.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent averages $1496.53.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $133.26 and $365.13, averaging $199.49.
- Internet - Internet services range from $42.76 to $96.21, with an average cost of $60.56.
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"
Sherwood Park offers a moderate cost of living with reasonable housing and utility costs compared to larger Canadian cities.
Dining out can vary significantly in price, offering options for both budget-conscious and more lavish dining experiences.
Transportation costs are manageable, with affordable public transport and fuel prices.
Conclusion
In conclusion, Sherwood Park provides a balanced cost of living, making it an attractive option for those seeking suburban life with urban amenities.
Potential residents should consider their lifestyle preferences and budget to make the most of what Sherwood Park has to offer.