The cost of living in Kamloops and how to budget

Living expenses have been a major topic nowadays. People have become more creative in calculating the best way to save up while still living their dream life. However, we know that all those numbers and math can be intimidating. That is why in this article we will talk about the cost of living in Kamloops and the best way to save up! Additionally, if you are in a need of any service, you should hire professional Canada movers that will tailor your relocation in no time!

Basics of the cost of living in Kamloops

Estimation of the expenses seems never-ending. However, first and foremost, you need to focus on major categories that will significantly affect your budget. Those categories are:

• Housing
• Utilities
• Transportation
• Groceries

Best moving companies in Kamloops have the city in their pocket. When you hire them, you won’t have to worry about anything regarding relocation. Now, we will explore these categories in detail.

The cost of living in Kamloops is a major category that needs to be discussed

What do you need to know about Kamloops?

Kamloops is located in the British Columbia province. It numbers over 90,000 residents. The city is famous for its outdoor activities and various tournaments that are held each year. That is why Kamloops is called “Canada’s Tournament Capital.” The average salary in Kamloops, British Columbia is around CAD 68,032 with an hourly rate of CAD 32,70. This is a good start for what we will talk about.

Housing

When it comes to housing, there are a few options you need to consider. Firstly, if you prefer living alone, you should seek a one-bedroom apartment. If you happen to live in the city center, the rent would cost you CAD 1,516 However, the average rent outside of the city center is CAD 1,338.89. Even in such small apartments, you can always seek a housemate. Having a housemate will split your rent, therefore, you can save up some money for other expenses and for yourself! 

On the other hand, if you plan on moving to Kamloops with your family, the average rent for a 3-bedroom apartment in the city center is CAD 2,650. Secondly, the median rent for a 3-bedroom apartment outside of the city center is CAD 2,245. Keep in mind that you will pay even lower if there are two incomes in the household! Therefore, you can ease your budget. If you have any doubts or concerns, contact professional relocation services Canada for a solution.

Utilities

Utilities are an essential part of the housing. You need to consider heating, water bills, electricity, internet, and phone bills each month. The average cost of utilities in Kamloops is CAD 180 per month. Keep in mind that this number may increase or decrease depending on how many people live in the apartment. As we said before, having a housemate and two or more incomes in the household can drastically affect your monthly expenses, and utilities too! Secondly, the average phone bill in Kamloops is CAD 74 per month, so you can add that to utilities as well. Internet bill will cost you, CAD, 93 per month. To sum up, we have a number of CAD 347 per month. 

Bills can significantly affect your budget every month

Transportation

There are several ways for commuting in Kamloops. Firstly, if you are a car enthusiast and like to drive around, you should consider hiring car shipping companies Canada for easy and safe transportation of your vehicle. Secondly, although driving is sometimes the easiest and faster way of commuting, it can also be an additional cost to you. Keep in mind that you frequently need to visit gas stations, maintenance, and everything else needed for keeping a car functional. Therefore, the average gas price is CAD 2 per liter. Purchasing a new car can cost you somewhere between CAD 30,125 – 37,500.

To save up, use public transportation often. Not only will you keep your commuting expenses low, but you can also see the interesting sights of Kamloops! Therefore, a one-way ticket in Kamloops is CAD 2 per ride. However, you can always apply for a monthly pass which is CAD 52 per month. This way you won’t have to worry about paying a ticket for each ride, but you can just hop on and enjoy the ride. If you need a short journey, you can always call Uber, Car2Go, or a taxi. The regular tariff of a taxi start is close to CAD 4 per ride. However, this is fit for short-term trips and not for every day since it can cost you more on daily basis.

Groceries

Cooking at home is always encouraged, as it can save you a lot of money on daily basis. Before calculating the average amount of groceries, we need to look at why you need to visit the shop often. On average, you will need rice, eggs, cheese, and some type of meat (chicken or beef) to cook a regular meal at home. This altogether will cost you CAD 55,17. If we add milk which is CAD 4,13 for a liter and a fresh loaf of bread which is CAD 4,28, the final price is CAD 63,58.

Keep in mind that the price will increase depending on how many members in the household there are. You will also need some fruits and veggies. The total cost of fruits (apples, bananas, oranges per kilogram) is CAD 12,57. Veggies (potato, onion, and lettuce as a basic choice) will cost you CAD 9,58. The final estimation of groceries is CAD 140,9 per shopping.

Shopping for groceries can depend on many factors

Learn how to budget wisely with the cost of living in Kamloops

There you have it! We know that budgeting nowadays is like a whole other job, but it doesn’t have to be as hard. In order to keep your expenses low and live happily, read this article and you will have no problems whatsoever, even with the cost of living in Kamloops. In addition, whenever you need professional help, our expert movers will help you to solve any doubts and mysteries about relocation and Kamloops. Have a happy move!

References:

https://www.numbeo.com/cost-of-living/in/Kamloops

https://www.tourismkamloops.com/plan/aboutkamloops/

https://www.salaryexpert.com/salary/area/canada/british-columbia/kamloops