Cost of living in Strathmore
Strathmore, a charming town in Canada, offers a unique blend of rural tranquility and urban convenience. Understanding the cost of living here is crucial for both current residents and those considering a move.
This guide provides a detailed breakdown of expenses, including dining, groceries, transportation, housing, and utilities, 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 $15.03 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 average mortgage interest rate is 6.53%, ranging from 5% to 6.9% for a 20-year fixed-rate.
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.
Cost of Living Data
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"Key Takeaways"
Strathmore offers a moderate cost of living with affordable dining and grocery options.
Transportation costs are reasonable, especially for gasoline, though car purchases can be significant.
Utilities and internet services are competitively priced, contributing to manageable monthly expenses.
Conclusion
In conclusion, Strathmore presents a balanced cost of living that is attractive for individuals and families alike.
With reasonable prices across dining, groceries, and utilities, residents can enjoy a comfortable lifestyle without excessive financial strain.