Cost of living in Stettler
Stettler, a charming town in Canada, offers a unique blend of rural tranquility and modern amenities. Understanding the cost of living here is crucial for anyone considering a move or simply wanting to manage their budget effectively.
This guide provides a detailed breakdown of various expenses, from dining and groceries to transportation and housing, 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 $15.03 on average, with a range between $9.3 and $19.32.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $89.46, with prices ranging from $71.57 to $107.35.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $7.87.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $3.94 to $14.31, imported beer $3.04 to $4.65, cappuccino $3.58 to $4.29, and Coke/Pepsi $2.15 to $4.29.
Grocery Prices
- Milk - Milk is priced between $1.06 and $3.58 per liter, averaging $1.46.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $1.29 and $2.64, with an average price of $1.81.
- Eggs (Dozen) - A dozen eggs range from $2.79 to $3.58, averaging $3.23.
- Fruits (e.g., Apples, Oranges) - Apples cost $2.86 to $5.01 per kg, while oranges range from $1.79 to $3.14 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $0.72 and $2.15 per kg, and lettuce costs $2.15 to $3.58 per head.
Transportation
- Fuel (Gasoline) - Gasoline is priced between $0.85 and $1.11 per liter.
- Taxi Fares - Taxi fares start at $7.16, with a cost of $28.63 per hour of waiting.
- Car Purchase - A new Volkswagen Golf costs $24,317.18, while a Toyota Corolla is priced at $21,675.58.
Housing Costs
- Mortgage Interest Rate - The mortgage interest rate for a 20-year fixed-rate loan ranges from 5% to 6.9%, averaging 6.53%.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $196.81 and $250.49, averaging $232.59.
- Internet - Internet services range from $70.14 to $71.57, with an average cost of $71.09.
- Mobile Phone Plan - A mobile phone plan with calls and 10GB+ data costs between $27.91 and $64.41, averaging $46.28.
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"
Stettler offers a moderate cost of living with affordable dining and grocery options. Housing costs are influenced by mortgage rates, which are relatively stable.
Transportation is manageable with reasonable fuel prices, though car ownership can be a significant expense.
Utilities and internet services are competitively priced, making it easier to manage monthly expenses.
Conclusion
In conclusion, Stettler provides a balanced cost of living that caters to both budget-conscious individuals and those seeking a comfortable lifestyle.
With its affordable dining, reasonable transportation costs, and stable housing market, Stettler is an attractive option for potential residents looking for a blend of rural charm and modern convenience.