Cost of living in Strathroy-Caradoc
Strathroy-Caradoc, located in Canada, offers a unique blend of small-town charm and modern amenities. 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 plan your budget effectively.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $17.82 on average, with a range between $10.69 and $24.94.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $71.26, with prices ranging from $42.76 to $106.89.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $9.98, with a range between $9.26 and $13.54.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $2.71 to $7.13, imported beer $4.28 to $8.55, cappuccino $1.55 to $4.99, and Coke/Pepsi $1.25 to $3.12.
Grocery Prices
- Milk - Milk is priced between $0.89 and $3.56 per liter, averaging $1.79.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $1.43 and $4.28, with an average price of $2.29.
- Eggs (Dozen) - A dozen eggs range from $2.14 to $5.7, averaging $2.92.
- Fruits (e.g., Apples, Oranges) - Apples cost $1.77 to $7.86 per kg, while oranges range from $1.34 to $5.7 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $0.71 and $6.27 per kg, and lettuce costs $1.43 to $3.56 per head.
Transportation
- Fuel (Gasoline) - Gasoline is priced between $0.99 and $1.23 per liter.
- Taxi Fares - Taxi fares start at $2.14, with a cost of $1.28 to $2.14 per km and $24.94 to $35.63 per hour of waiting.
- Car Purchase - A new Volkswagen Golf costs between $24,213.79 and $25,654.73, while a Toyota Corolla ranges from $19,513.69 to $21,735.26.
Housing Costs
- Mortgage Interest Rate - The mortgage interest rate for a 20-year fixed-rate loan ranges from 5.37% to 6.9%, averaging 6.62%.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $57.96 and $252.39, averaging $140.37.
- Internet - Internet services range from $39.91 to $85.52, with an average cost of $57.32.
- Mobile Phone Plan - A mobile phone plan with calls and 10GB+ data costs between $24.94 and $77.68, averaging $45.25.
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"
Strathroy-Caradoc offers a moderate cost of living with affordable dining and grocery options. Housing costs are influenced by competitive mortgage rates.
Transportation costs are reasonable, with affordable fuel prices and taxi fares. Utilities and internet services are moderately priced, providing good value for residents.
Conclusion
In conclusion, Strathroy-Caradoc presents a balanced cost of living, making it an attractive option for those seeking a blend of affordability and quality of life.
Potential residents can enjoy a range of amenities and services without the high costs associated with larger urban centers, making it a viable choice for families and individuals alike.