The average cost of living in Peterborough is $2,866/month for a single person who rents. This average is based on many factors including the cost of housing, transportation, groceries, and entertainment.
Is Peterborough cheap to live?
For those wanting a taste of city life on a budget, moving to Peterborough can provide just that being just one hour away from London and the living costs are significantly cheaper. According to estimates from Numbeo, Peterborough is 10.41% less expensive than London with rent being 66.23% lower.
Is Peterborough Ontario a good place to live?
Today, Peterborough is known for being a great place to raise a family. It has a low crime rate and is home to a number of excellent schools, both public and private. The city also has a thriving arts and culture scene.
Is Peterborough cheaper than Toronto?
Cost of Living Comparison Between Toronto and Peterborough
You would need around 5,728.16C$ in Peterborough to maintain the same standard of life that you can have with 7,200.00C$ in Toronto (assuming you rent in both cities). This calculation uses our Cost of Living Plus Rent Index to compare cost of living.
What is the average monthly cost of living in Ontario?
Cost of Living in Ontario, Canada
| Cost of living | One person | Family of 4 |
|---|---|---|
| ? Rent & Utilities | $1235 | $2063 |
| ?️ Food | $507 | $1326 |
| ? Transport | $153 | $395 |
| ? Monthly salary after tax | $3484 |
Is Peterborough Ontario expensive?
The average cost of living in Peterborough is $1799, which is in the top 22% of the most expensive cities in the world, ranked 2014th out of 9294 in our global list, 42nd out of 153 in Canada, and 21st out of 43 in Ontario.
Which is a cheapest city in Ontario to live?
With a population of roughly 233,000 people, Windsor offers the most affordable rent in Ontario, according to Rentals.ca.
What is the best area in Peterborough to live?
One of the favoured places to live in Peterborough is Yaxley. It consists of a wide range of houses such as big, detached homes, terraced and bungalows so there is something to suit everyone. Yaxley is close to Middletons Road Recreation Ground, a few pubs and eateries and a couple of schools.
What is the happiest city in Ontario?
Kingston, Ontario is the happiest place in Canada, according to a new study by Jetpac City Guides.
What are the benefits of living in Peterborough?
Peterborough is special for so many reasons. You will experience the advantages of city living, while enjoying the benefits of the natural world. The city offers safe neighbourhoods, with community centres, parks, trails and other activities for the whole family.
Which city in Canada has the lowest cost of living?
The Cheapest Places In Canada To Live In
- Nanaimo, British Columbia.
- Laval, Québec.
- Lethbridge, Alberta.
- Victoriaville, Québec.
- Shawinigan, Québec.
- Rouyn-Noranda, Québec.
- Moose Jaw, Saskatchewan.
- Niagara Falls, Ontario. Average Monthly Expenses for a Single Person (without rent): $1,578.
Which Canadian city is most affordable?
The Cheapest Cities to Live in Canada
- Val-d’Or, Quebec.
- Sarnia, Ontario.
- Prince George, British Columbia.
- Brockville, Ontario.
- Weyburn, Saskatchewan.
- Lévis, Quebec.
- Longueuil, Quebec.
- Saint-Jean-sur-Richelieu, Quebec. Saint-Jean-sur-Richelieu lies on the banks of the Richelieu River at the northern tip of Lake Champlain.
What is the cheapest big city to live in in Canada?
Sherbrooke is the cheapest city to live in Canada. If you’re looking to save some money, this city in southern Quebec is 20.81% cheaper than Toronto and 13% cheaper than Montreal, for reference. Rent is also 68.36% lower than in Toronto, so you can definitely stretch your dollar further.
How much do you need to live comfortably in Ontario?
In order for a couple to live comfortably, it is recommended to have around $3,500 per month or around $50,000 plus per year. This can vary a lot depending on if the couple is a one-income or two-income household as well as the size of the apartment/house you choose to live in.
What’s a good wage in Ontario?
Find out what the average Good salary is
The average good salary in Canada is $44,850 per year or $23 per hour. Entry-level positions start at $30,956 per year, while most experienced workers make up to $90,714 per year.
How much do you need to make to live comfortably in Ontario?
Most individuals can get by fine on nearly $5,000 a month, he says. “Unless you are living like a king, $10,000 a month is enough for even a couple to live very, very comfortably, assuming you don’t have debt,” he says.
What is the richest part of Ontario?
Burlington, Ontario
The city lies just north of Hamilton and forms part of the Greater Toronto Area. The average household net worth in Burlington is $1,054,536.
What is the most expensive city to live in Ontario?
Toronto. Toronto is one of the most expensive places to live in Canada and also the most populated. Like Vancouver, Toronto ranks high among the most expensive cities to live in the world. It costs an average of $1.2M to buy a house in Toronto.
Where is the nicest place to live in Ontario?
Best Places To Live In Ontario 2022
- Toronto. If you’re looking for a global cosmopolitan metropolis, you’ll probably consider Toronto the best city to live in Ontario.
- Ottawa.
- Waterloo.
- Oakville.
- Burlington.
- Thunder Bay.
- Windsor.
- Kingston.
Where in Ontario are houses still affordable?
- Sudbury. Sudbury, officially known as Greater Sudbury, is the largest city in Northern Ontario by population.
- Sarnia. Located in Southwestern Ontario, Canada, Sarnia makes it one of the cheapest cities to live in Ontario.
- Windsor.
- Thunder Bay.
- Rainy River.
- Deep River.
- Peterborough.
- Barrie.
What is the safest city to live in Ontario?
Safest City to Live in Ontario
- King City was the overall safest city of 2021.
- Markham is located in the Greater Toronto Area in Southern Ontario.
- Guelph, also known as the Royal City, is filled with culture and is well known for its limestone structures.