What is the Cost of Living in Canada?
The average cost of living in Canada ranges from CAD 15,000 to CAD 20,000 per year (INR 9.03L to INR 12.05L), depending on one's lifestyle and preferences. Most Canadian academic institutions offer courses with tuition fees starting at CAD 15,000 (~INR 9,03,999). Besides, the cost of living in Canada for a single student is around 880 CAD (INR 53,034) per month, without rent. The cost of living in Canada is affordable and manageable if you are smart enough to manage expenses.
Average Living Expenses in Canada for International Students
Canada living expenses distribution using Statistics model
Students should keep money aside for other day-to-day and unavoidable expenses. They should also be well prepared for recurring expenses such as accommodation and housing, food and groceries, basic utilities, transportation, clothing, travel health insurance, and entertainment. International students require between 9.03 lakhs to 12.05 lakhs to cover it. Thus, the average cost of living in Canada can be around CAD 18,340 (INR 11,14531) per annum. Additionally, the monthly cost of living in Canada is estimated to be INR 68,792 (C$1,132 per month), excluding rent. Monthly expenses with rent are estimated to be $1,708 per month per person and $3,911 for a family of four. For international students, the best way to manage living expenses in Canada is by applying for an International Student Identification Card upon reaching Canada for additional benefits.
Monthly Cost of Living in Canada for International Students
Expenses Cost (CAD)
Accommodation (shared apartments) $400-$800
Food $300-$400
Travel $80-$110
Entertainment $150
Other Utilities (electricity, cooling, water, heating, garbage) $164.64
Internet (60 Mbps or more) $78.82
Health Insurance (BC MSP Program) $74
Cost of Living in Canada for Families & Students
Canada is truly the best country in the world for living with its unique culture, best colleges and universities, immigrant-friendly, scenic beauty, amazing wildlife, excellent health care, reasonable budget, and medical facilities. No wonder many students prefer this country to complete graduation and post-graduation. The Canada's living expenses can be a bit higher than expected, but appear reasonable when considering its supportive context for residents and foreigners. There are some cities in Canada with low cost of living and similar facilities. The average cost of living in Canada for families depends on family size, typically ranging between 2 and 4 individuals due to the prevalence of nuclear families.
A single person estimated monthly cost is Rs.83,369.8 (C$1,339.1), without rent.
A family of four estimated monthly cost is Rs.2,98,016.8 (C$4,786.9) without rent.
For a family of 2, estimated monthly cost is about Rs.151876 (C$2,500), excluding rent.
On average, the Cost of living in Canada is 197.8% higher than in India.
On average, Rent in Canada is 528.0% higher than in India.
Source: Numbeo
Personal residences for students can cost around $625 per month, while on-campus housing could cost around $800 monthly.
How much money is required to live comfortably in Canada?
While knowing the basic cost of living is important, also understanding how much money is needed to live comfortably in Canada is crucial. Living comfortably means having enough money for both necessities and leisure activities, with ability to set some savings. The required amount may vary depending on where you live in Canada, often differing by thousands in major cities. For instance, the cost of living in Toronto can be expensive particularly anywhere near downtown. Here are the details
Canadian City Single Person Family of 4
Toronto $3,551 $6,144
Vancouver $3,445 $5,955
Montreal $2,384 $4,799
Ottawa $2,822 $5,329
Calgary $2,449 $5,110
Quebec City $1871 $4,126
Halifax $2,377 $4,698
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