Cost of living in Newfoundland

    Living in Newfoundland offers a unique experience that blends natural beauty, cultural richness, and a close-knit community feel. We will explore the cost of living in this easternmost province of Canada, highlighting the various expenses one can expect when residing here. From housing and utilities to food, transportation, and leisure activities, we’ll cover the key factors contributing to the overall cost of living in Newfoundland. Whether you’re considering a move with Centennial Moving or you are simply curious about life on this rugged island, understanding the costs involved is a vital part of planning and preparation.

    Housing and rental markets

    Housing affordability in Newfoundland presents an interesting landscape and greatly influences the affordable cost of living in Newfoundland. The choice between renting and buying is a significant decision for residents, influenced by personal circumstances and the current housing market. Whatever choice you make, know that you will be able to move effortlessly with the help of the long distance movers in Newfoundland.

    a house in Canada

    Housing prices in Newfoundland are generally lower than in many other Canadian provinces, making it an attractive option for homebuyers.

    Renting in Newfoundland

    The rental market offers a diverse range of options, from apartments and condos to detached homes. Rent varies based on location, size, and amenities. Urban areas like St. John’s typically have higher rental rates due to greater demand and the availability of more modern accommodations. The average rent for a 1-bedroom apartment in St. John’s is $895. However, compared to larger Canadian cities, renting in Newfoundland can be more affordable, providing opportunities for those who prefer not to commit to a mortgage or seek flexibility.

    Buying a home

    Newfoundland’s real estate market generally offers more affordable options than many other regions in Canada, particularly in rural areas or smaller towns. Average home prices in Newfoundland are often lower than the national average, making homeownership a more attainable goal for many.

    • The median sale price for single detached homes remains at $300,000.
    • Median sale price for multi-family units stands at $331,000.
    • The median sale price for multi-family units in St. John’s is a bit higher at $345,000.

    In cities like St. John’s, prices are higher but still reasonable compared to major urban centers. The market features a mix of older homes full of character and newer constructions, giving buyers a wide range of choices.

    Availability of rental properties

    The availability of rental properties varies across the province. In larger towns and cities, there’s a healthy mix of apartments, houses, and townhomes for rent. In contrast, rental options may be more limited in rural areas or smaller communities. The rental market can also fluctuate seasonally, influenced by factors like the academic year, as some areas have a higher concentration of students.

    a bunch of homes representing the primary cause of the affordable cost of living in Newfoundland

    Newfoundland’s rental market provides a range of options, from urban apartments to rural homes.

    Utilities and bills

    Understanding the costs of utilities and bills is crucial for anyone considering life in Newfoundland.  Here’s a breakdown of the typical monthly costs for essential utilities:

    • Electricity: The cost of electricity in Newfoundland is influenced by the size of your home and your usage patterns. On average, a typical household can expect to pay around CAD 150 to CAD 200 per month. This can increase during the colder months due to higher heating demands.
    • Heating: Heating expenses are particularly significant in Newfoundland due to its colder climate. Most homes use electricity, oil, or wood for heating. The cost can vary widely, but on average, residents might spend an additional CAD 100 to CAD 250 per month on heating, especially from late fall through early spring.
    • Water and Sewer: In many parts of Newfoundland, water and sewer costs are included in the municipal taxes, and not billed separately. For areas where these are billed separately, the average monthly cost can range from CAD 50 to CAD 100, depending on consumption and local rates.
    • Internet Services: Internet service is essential for most households, and Newfoundland offers several providers with various packages. The monthly cost for a basic internet package starts at around CAD 60, with premium packages costing more, especially if bundled with cable or other services.
    • Additional Utilities: Other utilities may include waste collection, which is often covered by municipal taxes, and cable TV, which can vary based on the package chosen but generally starts around CAD 30 for basic packages.

    These expenses can vary based on factors such as household size, usage habits, and the specific area where one resides. It’s important to note that these are average costs and can fluctuate based on individual consumption, the efficiency of appliances, and the specific area of residence.

    Transportation costs

    Transportation expenses in Newfoundland are an important aspect of daily life, especially considering the province’s geography and the reliance on personal vehicles in many areas. For those living in coastal areas or on the islands, ferry services are a part of life. The costs for these services vary depending on the route and the type of vehicle being transported. When mentioning the transportation costs, it’s important to include the ones associated with the relocation services in Canada as well.

    a port in a city in Newfoundland

    Transportation expenses greatly affect the cost of living in Newfoundland, given the province’s expansive geography.

    Gasoline prices

    Gasoline prices in Newfoundland, as in the rest of Canada, can fluctuate based on global oil prices and local taxes. The average gas price in Newfoundland was around CAD 1.30 to CAD 1.50 per liter. These prices can be higher in remote or less accessible areas. It’s important for car owners to consider fuel costs, especially if they have long daily commutes or frequently travel across the province.

    Vehicle ownership

    Owning a vehicle in Newfoundland can be relatively affordable, but there are several costs to consider. Besides the initial purchase price, vehicle owners must pay for insurance, which can vary based on the vehicle type, driver’s age, and driving record. On average, car insurance in Newfoundland can range from CAD 1,000 to CAD 2,000 annually. Regular maintenance, including winter preparations like snow tires, is also a significant expense, especially given the harsh winter conditions that can affect vehicle performance.

    Public transit

    In urban areas like St. John’s, public transit is available and is a cost-effective way to travel. A one-way bus fare is typically around CAD 2.50 to CAD 3.00. Monthly passes, offering unlimited travel, can cost about CAD 60 to CAD 75, making them a good option for regular commuters. However, in many rural areas, public transit options are limited or nonexistent, making personal vehicles a necessity.

    people leaving the subway train while thinking about the cost of living in Newfoundland

    Public transportation in urban areas like St. John’s offers an affordable alternative to personal vehicles.

    Budgeting tips for everyday life in Newfoundland

    Effectively managing expenses in Newfoundland requires thoughtful budgeting and practical strategies. Here are some tips to help residents and potential newcomers make the most of their financial resources:

    • Save on housing: Consider your housing options carefully. If you’re renting, look for locations that offer a balance between affordability and proximity to work or public transportation. For homeowners, energy-efficient upgrades can help reduce utility bills.
    • Be smart with transportation: If you live in an area with public transportation, take advantage of it to save on gas, insurance, and maintenance costs associated with owning a car. If a vehicle is necessary, consider fuel-efficient models and carpooling options.
    • Shop locally for groceries: Take advantage of Newfoundland’s local produce, especially seafood, which can be less expensive and fresher than imported goods. Also, plan your meals, use a shopping list, and watch for sales and discounts.
    • Plan for healthcare expenses: If you have healthcare needs not covered by the provincial plan, consider additional health insurance. Shop around for plans that fit your needs and budget.
    • Seek Affordable Entertainment: Newfoundland offers many low-cost or free outdoor activities. Enjoy the province’s natural beauty through hiking, visiting parks, and exploring coastal areas.
    • Use Local Libraries and Community Centers: These can be great resources for free or low-cost entertainment and education, such as books, classes, and workshops.

    Aim to set aside a portion of your income for unexpected expenses. Even a small emergency fund can provide financial security and prevent high-cost borrowing in emergencies. Prepare for higher heating costs in winter and potential travel costs during holiday seasons. Adjust your budget accordingly to avoid surprises.

    Healthcare in Newfoundland

    Healthcare in Newfoundland, as in the rest of Canada, is predominantly covered by the publicly funded healthcare system, which provides residents with access to a wide range of medical services without direct charges at the point of care. However, there are still some aspects of healthcare that can incur costs.

    Public healthcare system

    The Newfoundland and Labrador Medical Care Plan (MCP) covers all residents of the province and provides access to basic medical services, including visits to doctors and hospital care. There is no premium for this coverage, and it includes most medically necessary procedures and services.

    a person holding an old person's hand while they are talking about the cost of living in Newfoundland

    Private health insurance in Newfoundland can help cover costs not included in the public healthcare system.

    Private health insurance

    While the MCP covers many healthcare needs, some services, such as dental care, prescription medications, vision care, and private hospital rooms, are not covered. Many residents opt for private health insurance to cover these additional services. Premiums for private insurance vary widely based on the level of coverage, age, and health status of the individual, but can range from CAD 50 to several hundred dollars per month.

    Prescription medications

    Prescription medication costs can vary. For those not covered by private insurance or specific government programs, medications can be a significant out-of-pocket expense. Newfoundland has a Prescription Drug Program that offers assistance to eligible residents, helping to mitigate these costs for those who qualify based on income, age, or specific medical conditions.

    Dental and vision care

    Dental and vision care are typically not covered by the MCP. Costs for these services must be either paid out-of-pocket or covered by private insurance. Routine dental check-ups can cost anywhere from CAD 100 to CAD 300, while vision exams generally cost around CAD 80 to CAD 150.

    Cost of living in Newfoundland compared to other provinces

    Comparing the cost of living in Newfoundland to other provinces or regions in Canada provides valuable insights for anyone considering hiring the best cross Canada movers or simply curious about regional economic differences. Here’s a comparative analysis focusing on several key aspects of living costs:

    • Housing: Newfoundland generally offers more affordable housing than many other parts of Canada, especially when compared to major urban centers like Toronto, Vancouver, or Calgary. While cities like St. John’s have higher prices within the province, they are still considerably lower than the housing costs in Canada’s largest cities.
    • Utilities and Bills: The cost of utilities in Newfoundland, such as electricity and heating, can be slightly higher due to the colder climate and the geographical location of the province. However, these costs are comparable to or even lower than those in regions with similar climates, such as the Prairie provinces or Northern Ontario.
    • Transportation: Transportation costs in Newfoundland can be higher due to the reliance on personal vehicles, especially in rural areas. Gasoline prices are often comparable to those in other provinces. However, the lack of extensive public transportation options increases reliance on cars. This contrasts with provinces like Ontario and British Columbia, where more extensive public transit systems can reduce the need for a personal vehicle, especially in urban areas.

    It’s also important to consider income levels and taxation when discussing the cost of living. Newfoundland typically has lower average income levels compared to provinces like Alberta or Ontario. Additionally, the tax rates in Newfoundland are relatively high, which can impact net income.

    a woman wearing a Canadian flag on her back while thinking about the cost of living in Newfoundland

    The cost of living in Newfoundland is quite affordable in comparison to Canada’s other provinces.

    Cost of living in Newfoundland in a nutshell

    Understanding the cost of living in Newfoundland is essential for anyone considering making this beautiful province their home. From the affordability of housing and the nuances of transportation expenses to the costs of utilities, groceries, and healthcare, Newfoundland province presents a unique financial landscape. While certain aspects like transportation and grocery prices may be higher due to its geographic location, the province offers a more affordable housing market and a publicly funded healthcare system that eases significant financial burdens. With its stunning natural scenery, rich cultural heritage, and close-knit community feel, Newfoundland is not just a place to live; it’s a place to experience a unique and fulfilling way of life.



    Newfoundland and Labrador Median Price. (n.d.).

    St. John’s, NL Rent Prices. (n.d.).

    Cost of Living in Newfoundland and Labrador. (n.d.).

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