HOW MUCH DO YOU NEED TO EARN TO AFFORD A 1-BEDROOM IN CANADA?

If you’re planning to move to Canada—or you’re already here and considering another city—rent can have a huge impact on your monthly budget.

Here’s a general comparison of 1-bedroom rents and the monthly income figures shown alongside them:

Vancouver: $2,750 rent | $5,583 income
Toronto: $2,150 rent | $5,542 income
Calgary: $1,750 rent | $6,500 income
Winnipeg: $1,350 rent | $5,250 income
Regina: $1,210 rent | $5,833 income
Montreal: $1,600 rent | $4,900 income
Halifax: $1,750 rent | $4,833 income
Saint John: $1,250 rent | $4,666 income
Charlottetown: $750 rent | $4,333 income

NOTE: These figures are for general comparison only and should not be treated as official Canadian income requirements or guarantees of affordability. Actual rent and living costs can vary greatly by neighbourhood, apartment, utilities and lifestyle.

For newcomers, don’t look at rent alone. A city with cheaper housing may have higher transportation costs or fewer job opportunities in your field, while a more expensive city may offer better wages.

Before choosing where to live, consider:
Rent
Take-home pay
Transportation
Groceries
Utilities
Childcare
Taxes
Job opportunities
Availability of affordable housing

Sometimes, the better question isn’t “Where is rent cheaper?” It’s “Where can my income give me the best quality of life?”

If you could choose one of these cities to live in today, which one would you pick and why?
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