Cheapest Place to Live in Canada: Canada has been ranked the second (2nd) best country in the world to live in, according to US News and World Report. Fortunately, this ranking didn’t translate to the cost of living in one of the best countries in the world.
Luckily, When it comes to the cost of living, Canada ranks 24th most costly country to live in. This makes Canada far less expensive to live in, especially when compared with other countries like the United States of America and Australia. Surprisingly, there are lots of cheap places where the cost of living is very low in Canada.
So, if you are wondering what are the cheapest cities and places in Canada, then you will find a list of the top 20 cheapest place in Canada. We were able to ascertain them using the cost of living data taken from the Salary Expert.
While you find the most expensive cities located in larger cities like those in the North and Prairie Provinces. But you can find cheaper cities in Canada located in the smaller cities, mainly in Ontario and Quebec.
Well, if you desire to immigrate to Canada or already live in Canada but you wish to move to a more affordable place, then explore our list of the top 20 cheapest places to live in Canada.
20 Cheapest Places to Live in Canada
We were able to draw our facts from the monthly cost of living in Canada from various cities and provinces we have listed. The data collected was based on just an individual and will likely differ for families.
Most of our data were gathered from Numbeo and Wikipedia. Below you will find both the average cost of living and the average cost of a monthly rental fee for a one-bedroom apartment.
1. Quebec City, Quebec
Quebec happens to be another city with a very low cost of living in Canada. Quebec is home to 531,902 people with its capital city being Quebec; considered to be among the safest city in Canada comparing it to other cities that are very populated.
Some of the prominent jobs you find in that area include defense, public administration, tourism, as well as Manufacturing services.
Average Monthly Cost For One Person (Rent Not Included): $1,022
Average Monthly Cost of 1-bedroom in City Center: $775
2. Sherbrooke, Quebec
Sherbrooke, Quebec is another fine one on the list of cheapest places to live in Canada. Sherbrooke is home to about 161,323 people and also considered the educational powerhouse because the University of Sherbrooke is the largest employer in the city.
Sherbrooke prices are in direct contrast with other expensive cities like Toronto. Utility costs, childcare, property prices, and rent are a mere fraction of the kind of bills you get in Toronto. Apart from all that has been mentioned above, Sherbrooke is also one of the safest cities in Canada to live in.
Average Monthly Cost For One Person (Rent Not Included): $884
Average Monthly Cost of 1-bedroom in City Center: $506
3. Windsor, Ontario
Windsor also known as the automotive capital of Canada, houses about 217,188 people and also serves as home to FCA Canada (Referred to as the two Ford company’s engine plant). Some of the main sectors functioning in Windsor include education, tourism, and government services.
JP Wiser company, one of the largest distilleries in North America is present in Windsor and 180 parks. Windsor which is known as the most southern city in Canada is about five (5) minutes away from Detroit.
Average Monthly Cost For One Person (Rent Not Included): $1,087
Average Monthly Cost of 1-bedroom in City Center: $923
4. Laval, Quebec
Laval is the 13th most populated city in Canada and they have over 422,993 people living in it. Sectors like technology, pharmaceutical, retail sectors, and industrial sectors are responsible for the city’s ever thriving economy.
There are four (4) main industrial parks inside the city and they each have their individual collection of industries and businesses.
SAP and the University of Montreal are some of the significant employers in Laval. It’s also one of the secure and safe cities to actually live in.
Average Monthly Cost For One Person (Rent Not Included): $988
Average Monthly Cost of 1-bedroom in City Center: $1,087
Read More: Here Are The Most Spoken Languages in Canada.
5. Winnipeg (Manitoba)
Winnipeg is the largest city in the province as well as the capital. They have a large population of 705,244 people, this makes it the 7th largest city in Canada.
The city of Winnipeg is always covered in snow which usually takes around one-third of the year. Notwithstanding, Winnipeg can really be also hot during the summer period.
The city is one of the inspirations for the popular character known as Winnie the Pooh. Winnipeg is also outstanding for its famous skating rink which is the longest in the world.
Average Monthly Cost For One Person (Rent Not Included): $1,076
Average Monthly Cost of 1-bedroom in City Center: $1,011
6. Saint John, New Brunswick
Unlike some of the cities mentioned on this list, Saint John happens to be among the smallest cities with a population of about 67,575 people and is significant for being the oldest incorporated city in Canada.
It is practically the second-most congested city in the province. The economy of the city heavily relied on the shipbuilding industry, which is presently the largest and oldest in the world.
Presently, Saint John focuses on educational institutions, tourism, and IT. The city has quite a satisfying industrial heritage, and that includes facilities like the largest country’s oil refinery and dock. Notwithstanding, the present economic trend is shifting.
Average Monthly Cost For One Person (Rent Not Included): $1,177
Average Monthly Cost of 1-bedroom in City Center: $931
7. Regina, Saskatchewan
With a population of over 215,106 people, Regina which is the capital city of Saskatchewan has its economy revolving around natural gas, Potash, and oil, just like the bigger city of Saskatoon.
Some of the major employers include 3S health services, cornerstone credit union, and Access communications. The city is also among the most dangerous cities in Canada.
Average Monthly Cost For One Person (Rent Not Included): $1,101
Average Monthly Cost of 1-bedroom in City Center: $1,014
8. Lethbridge, Alberta
When it comes to industry, finances, and transportation, Lethbridge is the leader of Southern Alberta.
They accommodate about 92,729 people with around 50% of its population working with the hospitality, retail, healthcare, and education sector; this is totally in contrast to its agricultural and industrial heritage. Anyway, agriculture remains the main sector in Lethbridge.
Average Monthly Cost For One Person (Rent Not Included): $1,215
Average Monthly Cost of 1-bedroom in City Center: $882
9. Prince George, British Colombia
Although Prince George remains one of the largest cities in northern BC, it has a population of only 74,003. The chief industry that drives the city’s economy is the service industry. Almost $100 million has been thrown into infrastructure by the local administration.
The city has a very high CSI score and also ranking among the 15 most dangerous cities in Canada. Even with the small population, Prince George accommodates one of the best Canadian Universities in Canada, UNBC (University of Northern British Columbia); ranked 29th best university in Canada.
Average Monthly Cost For One Person (Rent Not Included): $1,141
Average Monthly Cost of 1-bedroom in City Center: $971
10. Red Deer, Alberta
Red Deer economy concentrates more on agriculture, cattle, and oil. They are home to only 100,418 persons with many of their population residing in the urban part of the city.
Unfortunately, the city has no university, they only have Red Deer college (The Biggest post-secondary institution in the area).
Red Deer has a very high crime index even with its small population. They are ranked among the top ten (Top 10) most dangerous cities in Canada (Previously the sixth most dangerous).
Average Monthly Cost For One Person (Rent Not Included): $1,208
Average Monthly Cost of 1-bedroom in City Center: $943
- Sept-Îles, Quebec
- Bécancour, Quebec
- Quesnel, British Columbia
- Cornwall, Ontario
- Timmins, Ontario
- Saint-Georges, Quebec
- Rimouski, Quebec
- Sault Ste. Marie, Ontario
- Rouyn-Noranda, Quebec
- Sainte-Marie, Quebec
- Drummondville, Quebec
- Wetaskiwin, Alberta