31 Cheapest Places to Live in Canada (2022): Lowest is $1,300/Month

Canada is often in the top 10 of those “best countries to live in the world” lists.

Thankfully, this doesn’t translate to the cost of living, and Canada hovers around the 15th – 25th most expensive country to live in.

I’ve lived in many different cities in Canada and around the world, and I’ve seen how drastically different the costs of living can be from one place to another.

This article lists the cheapest places to live in Canada. Some of the results will surprise you!

Median Income by Province

Median Income in Canada

Before we head into the cheapest place to live in Canada discussion, let’s see how provinces line up based on the median income. The income below belongs to individuals (not households) aged 16 and older. Here is the latest data provided by Stats Canada:

ProvinceMedian Income (2019)
Alberta$72,500
British Columbia$65,700
Manitoba$61,300
New Brunswick$56,400
Newfoundland and Labrador$56,500
Nova Scotia$53,300
Ontario$66,600
Prince Edward Island$60,300
Québec$55,600
Saskatchewan$62,700

For reference, the national median income = $62,900

The Cheapest Places In Canada To Live In

Canada has over 1,100 cities and towns spread throughout its ten provinces. If you want to save money, one of the best things that you can do for your wallet is to spend some time living in a city where the cost of living and expenses are low.

Below, I’ve ranked the cheapest cities to live in Canada so that you can see for yourself.

31. Niagara Falls, Ontario

Niagara Falls, Ontario
  • Average Monthly Expenses for a Single Person (without rent): $1,578
  • Average Monthly Cost of 1-Bedroom in City Centre: $1,360
  • Average Cost of a Meal for 2 People: $100
  • Basic Utilities For 85m2 Space: $305

Niagara Falls, a famous tourist attraction, is also one of the cheapest cities in the country to live in. Tourism is the bread and butter of the city, and most of the 82,184 population is associated with the service industry.

The city used to be home to many hydroelectric power producers, but they went away in the 70s and 80s.

The city had to lean toward tourism to provide employment for the population of the city. They also incorporated gambling into the mix, which attracted a lot of tourists. Apart from utilities, the city is substantially cheaper compared to Toronto.

30. Moose Jaw, Saskatchewan

Moose Jaw, Saskatchewan
  • Average Monthly Expenses for a Single Person (without rent): $1,287
  • Average Monthly Cost of 1-Bedroom in City Centre: $1,585
  • Average Cost of a Meal for 2 People: $70
  • Basic Utilities For 85m2 Space: $236

Like other towns and cities in Saskatchewan, Moose Jaw is relatively affordable (especially when compared to the Toronto Metro Area). Moose Jaw has a small population of just under 34,000 individuals, which makes it a small, quiet town.

Moose Jaw is best known for being home to NATO’s world-class flight training school. It also serves as the home base for Canada’s Snowbirds, the famous aerobatic flight squad that’s been known to rival the USA’s Blue Angels.

While the city is mostly known for its military presence, it also boasts a local casino as well as an advanced geothermal spa. Both of these attractions, along with the Snowbirdstraining performances, bring in a fair amount of local tourism.

29. Rouyn-Noranda, Québec

Rouyn-Noranda, Québec
  • Average Monthly Expenses for a Single Person (without rent): $1,156
  • Average Monthly Cost of 1-Bedroom in City Centre: $1,208
  • Average Cost of a Meal for 2 People: $55
  • Basic Utilities For 85m2 Space: $187

Rouyn-Noranda, Québec has a growing population of just over 43,000 Canadians. This small city is best known for its mining and refining operations, as copper and gold are Rouyn-Noranda’s top exports. The region also features large amounts of farmland and is home to multiple dairy farms.

If you’re looking for a bustling city, Rouyn-Noranda probably isn’t the right place to live in. The city centre is relatively small, and there aren’t many local events or attractions. However, if you’re looking for somewhere calm and quiet, then this could be just the spot for you.

28. Shawinigan, Québec

Shawinigan, Québec
  • Average Monthly Expenses for a Single Person (without rent): $1,150
  • Average Monthly Cost of 1-Bedroom in City Centre: $1,644
  • Average Cost of a Meal for 2 People: $85
  • Basic Utilities For 85m2 Space: $128

If you’re looking for a small city with ample access to the outdoors and lots of local events, then Shawinigan, Québec is definitely worth consideration. It currently has a small population of just under 50,000 residents, which makes it relatively small compared to other Québecois cities.

It’s positioned right by the Saint-Maurice River, which is one of the main tourist attractions of the city. Kayaking, boating, fishing, and other watersports are the primary source of entertainment in the warm summer months.

It’s also the birthplace of Jean Chretien, who is the former Prime Minister of Canada.

It’s about a two-hour drive west of Québec City and is positioned just north of Trois-Rivières. Despite the city’s small size, its central location makes it a great place to settle down. The cost of living is steadily rising, thanks to the growing young population.

There is a wide range of activities available to residents, though. There are museums, national parks, and a vibrant city centre where locals can congregate and socialize at pubs, restaurants, and local parks.

27. Victoriaville, Québec

Victoriaville, Québec
  • Average Monthly Expenses for a Single Person (without rent): $1,150
  • Average Monthly Cost of 1-Bedroom in City Centre: $1,468
  • Average Cost of a Meal for 2 People: $70
  • Basic Utilities For 85m2 Space: $101

Victoriaville, Québec has a current population of just over 45,000 people and is located in the centre of the province.

The region is best known for its accessibility to beautiful local parks, hiking trails, and scenic highways. It’s a great place to drive through, enjoy some fun in the outdoors, and have a quiet getaway from the hustle and bustle of city life.

Victoriaville was once known for being a major industrial hub that produced the textile and lumber industries. Although small lumber mills and textile factories are still present in Victoriaville, the city has since become home to a number of other industrial factories.

The cost of living is pretty average compared to other cities in Québec, and it’s a fairly safe city to reside in, featuring a low crime index.

26. Lethbridge, Alberta

Lethbridge Alberta Canada

  • Average Monthly Expenses for a Single Person (without rent): $1,008
  • Average Monthly Cost of 1-Bedroom in City Centre: $1,125
  • Average Cost of a Meal for 2 People: $82.50
  • Basic Utilities For 85m2 Space: $276

Lethbridge has a population of about 92,729, and it’s the transportation, industrial, and financial leader of Southern Alberta. About 50% of the population is associated with hospitality, retail, healthcare, and the education sector, which is quite a contrast to its agricultural and industrial heritage.

However, the major sector in the city is still agriculture.

The small city has over 130 parks and other major attractions like Lethbridge Viaduct, the highest and longest steel trestle bridge on the continent.

25. Laval, Québec

Laval, Québec
  • Average Monthly Expenses for a Single Person (without rent): $998
  • Average Monthly Cost of 1-Bedroom in City Centre: $1,100
  • Average Cost of a Meal for 2 People: $70
  • Basic Utilities For 85m2 Space: $101

Laval is the largest suburb of Montreal, and the 13th most populous city in the country, with over 437,413 people living in it. The economy in the city is driven by retail, industrial, pharmaceutical, and technology sectors. The city has four major industrial parks, each with its individual collection of industries and businesses.

Prominent employers in the city include SAP, Intact, and the University of Montreal. It’s also a relatively very safe city to live in.

24. Nanaimo, British Columbia

Nanaimo, British Columbia
  • Average Monthly Expenses for a Single Person (without rent): $983
  • Average Monthly Cost of 1-Bedroom in City Centre: $1,559
  • Average Cost of a Meal for 2 People: $95
  • Basic Utilities For 85m2 Space: $214

Nanaimo, also known as the harbour city, is located on the east coast of Vancouver Island. Aboriginal people still make up about 8.4% of the 104,836 inhabitants of the city.

It had a coal-driven economy, which was augmented by forestry in the 60s. Currently, the most prominent employer is the provincial government.

Even apart from the monthly rent, it’s a very cheap city to live in. It also has the main campus of Vancouver Island University, which attracts a lot of international students.

23. Edmonton, Alberta

Edmonton, Alberta
  • Average Monthly Expenses for a Single Person (without rent): $961
  • Average Monthly Cost of 1-Bedroom in City Centre: $1,204
  • Average Cost of a Meal for 2 People: $90
  • Basic Utilities For 85m2 Space: $239

Edmonton is the capital of Alberta, and the second-most populous city (1,519,000+ people). It’s home to the sixth-best university in the country, i.e., the University of Alberta (ranked 136 in the world), which is also one of the largest employers in the region. Thanks to its rich heritage and cultural festivals, the city is nicknamed the festival city of Canada.

The city is home to major oil and gas reserves, some of the largest in the world. Naturally, petrochemical industries in the city are some of the most prominent employers. It’s also the regional financial centre. Despite a lot of employment opportunities and a decent-sized population, the city is very cheap to live in.

22. Prince George, British Columbia

Prince George, British Columbia
  • Average Monthly Expenses for a Single Person (without rent): $927
  • Average Monthly Cost of 1-Bedroom in City Centre: $1,300
  • Average Cost of a Meal for 2 People: $80
  • Basic Utilities For 85m2 Space: $187

Despite just a population of 84,809, it’s one of the largest cities in northern BC. The economy of the city is driven mostly by the service industry. The local administration has invested nearly $100 million in infrastructure. The city traditionally relied upon forestry for most of the revenue generation.

It’s also one of the 15 most dangerous cities in the country, with a CSI score through the roof. Despite a small population, it’s home to the University of Northern British Columbia (UNBC), the 29th best university in the country.  

21. Halifax, Nova Scotia

Halifax
  • Average Monthly Expenses for a Single Person (without rent): $920
  • Average Monthly Cost of 1-Bedroom in City Centre: $1,576
  • Average Cost of a Meal for 2 People: $90
  • Basic Utilities For 85m2 Space: $165

Halifax is the capital city of Nova Scotia and houses a population of about 417,000. The city acts as a major economic centre in eastern Canada and has a generous allocation of both government services and private businesses. Most of the city’s population is made up of natives.

Major industries in the city include agriculture, mining, fishing, and forestry. It’s also home to the 11th best university in the country, i.e., Dalhousie University. If you frequently eat out, you will find Halifax significantly cheaper than Toronto, though not so much for groceries. Childcare and transportation are also cheaper. 

20. Surrey, British Columbia

Surrey, British Columbia
  • Average Monthly Expenses for a Single Person (without rent): $906
  • Average Monthly Cost of 1-Bedroom in City Centre: $1,694
  • Average Cost of a Meal for 2 People: $70
  • Basic Utilities For 85m2 Space: $160

With a population of about 568,000, Surrey is the second most populated city in the province. It’s mainly an urban area but also houses a decent portion of agricultural and rural areas.

There are six communities in the city. The majority of the population is made up of minority ethnicities, with South Asians forming the largest piece of the pie.

The city is a major industrial hub in the province, as well as a major logistics centre point in the region, which means jobs are relatively easy to come by.

19. London, Ontario

London, ON
  • Average Monthly Expenses for a Single Person (without rent): $895
  • Average Monthly Cost of 1-Bedroom in City Centre: $1,618
  • Average Cost of a Meal for 2 People: $100
  • Basic Utilities For 85m2 Space: $175

Apart from the name, London doesn’t share a lot with the capital of the UK. It’s the regional centre of healthcare and education, and the two largest employers in the city are Western University and TD Canada trust. The population of the city is over 515,000

It had a manufacturing-focused economy before 2009, but now it’s more oriented towards IT and research. Healthcare research – a major economic driving factor in the region, mostly comes under the scope of the eighth-best university in the country, i.e., Western University.

18. Saskatoon, Saskatchewan

Saskatoon, Saskatchewan
  • Average Monthly Expenses for a Single Person (without rent): $895
  • Average Monthly Cost of 1-Bedroom in City Centre: $1,183
  • Average Cost of a Meal for 2 People: $70
  • Basic Utilities For 85m2 Space: $283

Saskatoon is the largest city in the province of Saskatchewan. About 330,674 people live in the city. It’s also considered one of the sunniest cities in the country and has a lot of bridges. The city houses a decent number of aboriginal inhabitants (First nation) that have been in the city for about 6,000 years.

Despite being the coffee capital of the country, the bulk of the city’s economy rests upon wheat. Two other pillars of the city’s economy are Potash and Oil. Out of these two,

Potash is more important since about two-thirds of the world’s recoverable potash reserves are in the city. The corporate headquarters of the world’s largest Potash company, Nutrien, are also in Saskatoon.

17. Winnipeg, Manitoba

Winnipeg, MB
  • Average Monthly Expenses for a Single Person (without rent): $885
  • Average Monthly Cost of 1-Bedroom in City Centre: $1,054
  • Average Cost of a Meal for 2 People: $75
  • Basic Utilities For 85m2 Space: $181

Winnipeg, the capital and the largest city in the province, boasts a population of 705,244, which is the 7th largest in the country. The city remains covered in snow for about one-third of the year, but it also gets quite hot in the summers.

About half the population is employed in the trade, manufacturing, educational and healthcare sector, and about 14% in the public sector.

The city’s name is partly the inspiration for the famous character Winnie the Pooh. It also has the longest skating rink in the world.

16. Windsor, Ontario

Windsor, Ontario
  • Average Monthly Expenses for a Single Person (without rent): $883
  • Average Monthly Cost of 1-Bedroom in City Centre: $1,294
  • Average Cost of a Meal for 2 People: $79
  • Basic Utilities For 85m2 Space: $184

Windsor is known as the automotive capital of the country. It’s home to FCA Canada, and also has two Ford company engine plants. The other major sectors in the city are tourism, education, and government services. Windsor has a population of 233,763.

It’s home to one of the largest distilleries in North America (JP Wiser) and about 180 parks. As the most southern city in the country, it’s literally five minutes away from Detroit – another automotive city, or at least it used to be. 

15. Montreal, Québec

Montreal, Québec
  • Average Monthly Expenses for a Single Person (without rent): $882
  • Average Monthly Cost of 1-Bedroom in City Centre: $1,380
  • Average Cost of a Meal for 2 People: $90
  • Basic Utilities For 85m2 Space: $109

The most populous city in Québec is home to over 1.7 million people. Most of the people living in Montreal have European roots, primarily French and Italian. Downtown Montreal is also known as the “indoor city,” and it is the largest underground complex in the world.

Montreal has the second-largest economy among Canadian cities. Major industries in the city include electronic goods, aerospace, pharmaceutical, and telecom.

It’s also the province’s major entertainment and media centre. It’s also home to the fifth-best university in the country (University of Montreal), and the corporate headquarters of two of the big five banks: Bank of Montreal and Royal Bank of Canada.

14. Baie-Comeau, Québec

Baie-Comeau, Québec
  • Average Monthly Expenses for a Single Person (without rent): $873
  • Average Monthly Cost of 1-Bedroom in City Centre: $934
  • Average Cost of a Meal for 2 People: $75
  • Basic Utilities For 85m2 Space: $190

Baie-Comeau is a small town in Québec, located on the shore of the Saint Lawrence River. It has a very small population of just under 27,000 Canadians, which makes it one of Québec’s smallest villages.

The town’s economy is primarily based around its paper mill, which was originally one of the main suppliers of the United States’ paper, The Chicago Tribune. Today, there are still multiple lumber mills in operation that supply the paper mill.

As far as local attractions go, there aren’t that many. However, there are lots of hiking trails and outdoor parks for those who enjoy an afternoon out in the woods.

If you’re into water sports, then you’ll also enjoy the beautiful bay positioned along the Saint Lawrence River, where the current is slow and accommodating to small kayaks, canoes, and other watercraft.

The population of Baie-Comeau isn’t as “young” as other cities in Québec. This is due to the fact that there are no major universities here. Many of the younger residents move to Montreal to attend university and find higher-paying jobs.

The upside of this is that the cost of living is very low, which is great for digital nomads and remote workers.

13. Kingston, Ontario

Kingston, ON
  • Average Monthly Expenses for a Single Person (without rent): $867
  • Average Monthly Cost of 1-Bedroom in City Centre: $1,474
  • Average Cost of a Meal for 2 People: $90
  • Basic Utilities For 85m2 Space: $187.50

The “Limestone” city situated at the eastern end of Lake Ontario, is home to 123,798 people. It shares its name with the capital city of Jamaica, and weirdly enough, it was briefly one of the first capitals of the United Canadas. The city has a strong military history.

Most important employers in the city are public sector institutions: healthcare, public education, government, and tourism. It’s substantially cheaper than Toronto in terms of restaurants, transportation, and leisure activities, though childcare and utilities in the city are unusually expensive.

12. Thetford Mines, Québec

Thetford Mines, Québec
  • Average Monthly Expenses for a Single Person (without rent): $862
  • Average Monthly Cost of 1-Bedroom in City Centre: $938
  • Average Cost of a Meal for 2 People: $65
  • Basic Utilities For 85m2 Space: $153

As the name implies, Thetford Mines was originally a mining town. Despite its small size, Thetford Mines was responsible for turning Canada into one of the largest asbestos-producing countries in the entire world.

Asbestos was commonly used in construction and building materials throughout the 20th Century, which turned the small city into a powerhouse of industry.

Given the decline of that particular material, though, Thetford Mines is no longer an asbestos-producing city. Instead, the city has become more of a residential area. It’s home to lots of apartments, and affordable housing, and has a vibrant town centre, along with some shopping centres.

While the city is no longer a major mining hub, it’s become a destination for those seeking affordable housing and low-profile living. For the most part, it’s a quiet town. If you want to see some action, though, Montreal is just a three-hour drive away, and Trois-Rivières is just over an hour away!

11. Regina, Saskatchewan

Regina, Saskatchewan
  • Average Monthly Expenses for a Single Person (without rent): $862
  • Average Monthly Cost of 1-Bedroom in City Centre: $920
  • Average Cost of a Meal for 2 People: $90
  • Basic Utilities For 85m2 Space: $237

Regina is the capital city of Saskatchewan and home to over 215,106 people. Like the larger city of Saskatoon, Regina’s economy and most of the jobs also revolve around Potash, oil, and natural gas.

Some of the major employers are 3S health services, Access communications, and Cornerstone credit union.

Though tourism isn’t the main contributor to the city’s economy, the city has various parks and attractions. Unfortunately, it’s also one of the most dangerous cities in the country.

10. Red Deer, Alberta

Red Deer, Alberta
  • Average Monthly Expenses for a Single Person (without rent): $861
  • Average Monthly Cost of 1-Bedroom in City Centre: $948
  • Average Cost of a Meal for 2 People: $72
  • Basic Utilities For 85m2 Space: $256

Red Deer has a population of just 108,564. It’s a major hub of oil, cattle, and agriculture in the region.

Most of the population lives in the urban areas of the city. It doesn’t have a university, and many of the students who stay in the city have to make do with Red Deer College, which is the largest post-secondary institution in the city.

Despite being home to just over 100 K people, Red Deer has a high crime index. It’s still one of the top-ten most dangerous cities in the country (used to be the sixth most dangerous).

9. Kelowna, British Columbia

Kelowna, BC
  • Average Monthly Expenses for a Single Person (without rent): $856
  • Average Monthly Cost of 1-Bedroom in City Centre: $1,731
  • Average Cost of a Meal for 2 People: $80
  • Basic Utilities For 85m2 Space: $130

Kelowna is named after the word for Grizzly bear in Okanagan. It’s the third-largest metropolitan area in the region, with a population of 153,148, which is rapidly growing. The service industry is the largest employer in the city.

Tourists come for boating, golf, hiking, and biking in summer, and winter traffic is dominated by skiing and snowboarding. It’s also famous for its vineyards. 

Average salaries in the city are on par with large metropolitans like Toronto, but the cost of living is significantly cheaper. According to Maclean’s Crime Severity Index (CSI), Kelowna unfortunately also has one of the higher crime rates in the country.

8. Québec City, Québec

Québec City, Québec
  • Average Monthly Expenses for a Single Person (without rent): $835
  • Average Monthly Cost of 1-Bedroom in City Centre: $942
  • Average Cost of a Meal for 2 People: $80
  • Basic Utilities For 85m2 Space: $92

Québec City has a population of about 705,103, and it’s the capital city of Québec. It’s also considered one of the safest cities in the country, especially among such heavily populated cities. A part of the city (the oldest) is part of UNESCO’s world heritage sites.

Major employment sectors in the city are defence, local services, public administration, and tourism. Manufacturing only makes up about 10% of the jobs.

7. Kitchener, Ontario

Kitchener, Ontario
  • Average Monthly Expenses for a Single Person (without rent): $819
  • Average Monthly Cost of 1-Bedroom in City Centre: $1,642
  • Average Cost of a Meal for 2 People: $98
  • Basic Utilities For 85m2 Space: $198

Kitchener is the twin city of Waterloo and home to 233,222 people. It was called Berlin up until 1916. It has one of the strongest German heritage among the cities in the Waterloo region.

It has the eighth-best university in the country (University of Waterloo). Kitchener also hosts the largest music event in Ontario, the KOI music festival.

The city’s economy is driven mostly by manufacturing. Major employers in the city include Research In Motion, Toyota Manufacturing, Manulife, and Sunlife Financial.

6. New Glasgow, Nova Scotia

New Glasgow, Nova Scotia
  • Average Monthly Expenses for a Single Person (without rent): $795
  • Average Monthly Cost of 1-Bedroom in City Centre: $800
  • Average Cost of a Meal for 2 People: $87.50
  • Basic Utilities For 85m2 Space: $202

New Glasgow is one of the smallest towns in Nova Scotia, with a population of just over 9,000 people. It’s a small riverfront town located on the East River banks of the Pictou. In recent years, it’s become a popular retirement destination, thanks to its marinas, quiet life, and quaint town centre.

Despite its small size, New Glasgow features a growing town centre that offers plenty of local restaurants, antique shops, and other small businesses. If you enjoy the great outdoors, then you’ll also find plenty of activities in the deeply-wooded regions surrounding New Glasgow.

Historically, New Glasgow is known for being an industrial hub and is home to a large Michelin tire factory. It also features a large Wal-Mart Supercentre. Today, it’s mostly home to retirees, factory workers, and local business owners.

If you’re into the arts and culture, you’ll enjoy the revitalized town centre as well as the Glasgow Square Theatre, which features Canadian theatrical performances and hosts concerts year-round.

The cost of living is very affordable, which makes this an excellent town to live in if you want to save money. The only downside is that New Glasgow is pretty far away from larger cities and industrial hubs.

5. Sherbrooke, Québec

Sherbrooke, Québec
  • Average Monthly Expenses for a Single Person (without rent): $788
  • Average Monthly Cost of 1-Bedroom in City Centre: $613
  • Average Cost of a Meal for 2 People: $75
  • Basic Utilities For 85m2 Space: $151

One of the cheapest places to live in Canada is the city of Sherbrooke, home to about 161,323 people. It’s an educational powerhouse in the region, and the University of Sherbrooke is the largest employer in the city. It’s very well located and ideally connected by major railways and highways.

As one of the cheapest cities in the country, its prices present a striking contrast to Toronto. Rent, property prices, childcare, even utilities cost a mere fraction of what they do in Toronto. Plus, it’s relatively very safe, which adds to its charm.

4. Saguenay, Québec

Saguenay, Québec
  • Average Monthly Expenses for a Single Person (without rent): $756
  • Average Monthly Cost of 1-Bedroom in City Centre: $500
  • Average Cost of a Meal for 2 People: $100
  • Basic Utilities For 85m2 Space: $118

If you’re looking for a beautiful, quaint area to live in Québec, then you can’t go wrong with Saguenay. The small city boasts some of Québec’s most iconic villages that feature original French architecture, small streets, and lots of local, family-owned businesses.

The city is currently home to just over 146,000 residents. The traffic isn’t too bad, and there are just enough people to keep things lively and interesting. As a non-tourist city, most of the people you’ll meet here are full-time residents.

Saguenay also scores very high in regards to safety ratings, so it’s a great place to raise a family. Given the inexpensive cost of rent, it’s also a good place for young professionals (especially those who work remotely) to live and save money.

It rests in the northern region of Québec and is about a three-hour drive north of Québec City. The only downside of this small town is how far away it is from larger cities. However, if you’re looking for something quiet, then this might just be the perfect place for you!

3. Saint John, New Brunswick

Saint John, New Brunswick
  • Average Monthly Expenses for a Single Person (without rent): $698
  • Average Monthly Cost of 1-Bedroom in City Centre: $873
  • Average Cost of a Meal for 2 People: $95
  • Basic Utilities For 85m2 Space: $202

The small city of Saint John boasts a population of 69,895 and has the distinction of being the oldest incorporated city in the country. It’s the second-most populous city in the province. The economy traditionally relied quite heavily on the shipbuilding industry, which is one of the largest (and oldest) in the world.

Now, the city is focused on IT, tourism, and educational institutions. The city has a decent industrial heritage, with facilities like the country’s largest oil refinery and dock. But the economic trend is shifting.

2. Lloydminster, Saskatchewan

 Lloydminster, Saskatchewan
  • Average Monthly Expenses for a Single Person (without rent): $695
  • Average Monthly Cost of 1-Bedroom in City Centre: $750
  • Average Cost of a Meal for 2 People: $68
  • Basic Utilities For 85m2 Space: $227

Lloydminster is best known for being a “border town” that sits on the edge of both Saskatchewan and Alberta. It’s a fairly rural area and doesn’t feature a large city centre, shopping malls, or other attractions that you’ll find in some of Canada’s larger cities.

The population is currently just over 20,000 and has been on the decline for several years now, as younger community members flock to the larger cities in search of better jobs and education.

Given the rural location of Lloydminster, though, it’s a great place to save money on the cost of living. The average cost of a single-room rental is right around $750, which is less than half of what you’ll pay in larger cities.

Because of this, Lloydminster has become a popular retirement destination. It has a slightly older population compared to other Saskatchewan towns. The upside of this is that it’s a very safe town to live in. Not a lot goes on here, so there’s little to worry about in regard to crime.

The biggest local attraction in Lloydminster is the Gold Horse Casino. If you’re not into gambling, you’ll also find several local parks that offer disc golf, watersports, and nature trails.

1. Trois-Rivières, Québec

Trois-Rivières, Québec
  • Average Monthly Expenses for a Single Person (without rent): $670
  • Average Monthly Cost of 1-Bedroom in City Centre: $560
  • Average Cost of a Meal for 2 People: $75
  • Basic Utilities For 85m2 Space: $118

If you’re a fan of the arts, then Trois-Rivières is a destination worth considering! It’s about a two-hour drive Northeast of Montreal and is about two hours directly north of Sherbrooke. It is perhaps the cheapest city in Canada to live in, with rock-bottom living costs.

The city’s historic district is home to some of Québec’s best traditional theatres, art galleries, and historic homes. If you’re into architecture, then you’ll really appreciate the traditional French village style of the downtown historic district as well.

Trois-Rivières currently has a growing population of over 140,000 residents. There are several notable bridges across the local waterways, which offer scenic views (especially during the sunset). Local photographers and landscape painters can often be found by the water during Québec’s warmer months.

That being said, there are also lots of local art museums in the city centre that feature Québecois art. The city may not have a strong industrial culture, but it’s a great place for young artists, remote workers, and those who are looking for the perfect combination of a growing, forward-thinking city that features quaint, historical aspects.

Conclusion

Cheapest Places to Live in Canada

I hope this list of the cheapest cities to live in Canada will help you in your quest for affordable living.

If you aren’t able to move away from big (and expensive) metropolitans, you may want to adopt some of these frugal living habits to lower the cost of your living.

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Author Bio - Christopher Liew is a CFA Charterholder with 11 years of finance experience and the creator of Wealthawesome.com. Read about how he quit his 6-figure salary career to travel the world here.

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14 thoughts on “31 Cheapest Places to Live in Canada (2022): Lowest is $1,300/Month”

  1. I have yet to find a cost comparison site that mentions different tax rates. For example, Ontario and BC start at just over 5%. I was looking at NB because of the lower cost of housing but their provincial taxes start at 9.64, their sales tax is 15% and they have, I believe, the highest property tax rates in the country. Quebec is the worst for provincial income tax as they start at 15%. Without comparing these critical cost of living factors, sites like this are useless.

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  2. How did Nanaimo even make this list? Current 1 BDRM rentals are average 1850 / month. Housing, is a huge part of affordability but those numbers seem super low…

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  3. A lot of the info for Windsor is incorrect, our population is well over 300k and growing because of spill down from Toronto. Not to mention the houses crisis means you’re renting here for AT LEAST 1200 a month for a tiny dirty place or paying up to 180k over asking price for a house.

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  4. You might want to update your list and take Kingston off of it, with the recent boom in Torontonians moving to Kingston, we have a less than %1 vacancy which has shot the price of single dwellings up to almost $2000 for an individual, and $3000 plus utilities for anything with an extra room. Good luck purchasing a home as well, the average house is listed at over half a million dollars for a Semi with them selling 100-150 thousand dollars over asking price daily.

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  5. Please spell British Columbia with a “u” and not an “o”. It makes your research look unreliable and questionable when you repeatedly spell a name incorrectly.

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