Cost of living in Yellowknife
Yellowknife, the capital of Canada's Northwest Territories, is known for its stunning natural beauty and vibrant community. Understanding the cost of living in Yellowknife is crucial for anyone considering moving to or living in this unique city.
This guide provides a detailed breakdown of expenses in Yellowknife, covering essential categories such as dining, groceries, transportation, housing, and utilities.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $17.88 on average, with a range between $14.3 and $34.54.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $101.18, with prices ranging from $85.81 to $116.56.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $9.11, with a range between $7.87 and $10.35.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer averages $5.36, imported beer $7.15, cappuccino $3.75, and Coke/Pepsi $2.5.
Grocery Prices
- Milk - Milk is priced between $1.42 and $4.65 per liter, averaging $2.4.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $2 and $3.93, with an average price of $3.13.
- Eggs (Dozen) - A dozen eggs range from $2.07 to $4.28, averaging $3.45.
- Fruits (e.g., Apples, Oranges) - Apples cost $4.29 to $5.72 per kg, while oranges range from $2.86 to $7.87 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $1.79 and $5.72 per kg, and lettuce costs $2.85 to $4.28 per head.
Transportation
- Public Transport (One-Way Ticket) - A one-way local transport ticket costs between $2.15 and $2.86, with a monthly pass priced at $53.63.
- Fuel (Gasoline) - Gasoline is priced between $1.05 and $1.35 per liter.
- Taxi Fares - Taxi fares start at $3.22, with a cost of $1.43 to $2.86 per km.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre ranges from $1358.67 to $1787.72, averaging $1501.69.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $1251.4 to $1644.7, averaging $1492.75.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre ranges from $2145.26 to $3432.42, averaging $2621.99.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $1716.21 to $2860.35, averaging $2240.61.
- Buying Price per Square Meter (City Centre) - The price per square meter to buy an apartment in the city centre averages $3074.88.
- Buying Price per Square Meter (Outside Centre) - Outside the centre, the price per square meter averages $2860.35.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $143.02 and $347.33, averaging $245.17.
- Internet - Internet services range from $107.23 to $153.03, with an average cost of $116.36.
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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Salaries And Financing
"Key Takeaways"
Yellowknife offers a unique living experience with its natural beauty and community spirit. However, the cost of living can be relatively high, especially in terms of housing and utilities.
Dining out can be expensive, but there are affordable options available. Transportation costs are moderate, with public transport and fuel prices being reasonable.
Grocery prices vary, with some items like milk and fresh produce being on the higher side. It's advisable to budget carefully and explore local markets for better deals.
Conclusion
In conclusion, Yellowknife presents a mixed cost of living scenario. While some expenses like dining and groceries can be high, the city's unique charm and lifestyle opportunities make it an attractive place to live.
Prospective residents should weigh the costs against the benefits of living in such a vibrant and naturally beautiful location. Careful budgeting and exploring cost-saving options can help manage expenses effectively.
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