Cost of living in new brunswick
New Brunswick is a province located in the eastern part of Canada, known for its natural beauty, rich history, and friendly communities. The cost of living in New Brunswick can vary depending on the specific location, lifestyle, and personal choices. Here are some general insights into the cost of living in New Brunswick:
Housing:
- Rent: The average rent for a one-bedroom apartment in Fredericton, the capital city, is around $800-1,000 per month. In Moncton, the second-largest city, the average rent is around $700-900 per month.
- Buying: The average house price in New Brunswick is around $170,000-200,000. In Fredericton, the average house price is around $220,000-280,000.
Food:
- Groceries: The cost of groceries in New Brunswick is generally lower than in other provinces in Canada. A basket of basic groceries (milk, bread, eggs, etc.) can cost around $50-70 per week.
- Dining out: A meal at a mid-range restaurant can cost around $15-25 per person.
Transportation:
- Gasoline: Gasoline prices in New Brunswick are generally lower than in other provinces in Canada. A liter of gasoline can cost around $1.20-1.30 CAD.
- Public transportation: Public transportation is available in major cities like Fredericton and Moncton, with a single ride costing around $2-3 CAD.
Utilities:
- Electricity: The cost of electricity in New Brunswick is relatively low, with an average monthly bill of around $100-150 CAD for a small to medium-sized household.
- Water and sewage: The cost of water and sewage services is around $50-100 CAD per month for a small to medium-sized household.
Taxes:
- Provincial sales tax: New Brunswick has a 15% Harmonized Sales Tax (HST) on most goods and services.
- Income tax: The provincial income tax rate in New Brunswick ranges from 9.68% to 16.52%, depending on income level.
Other expenses:
- Internet and phone: The cost of internet and phone services can vary depending on the provider and plan, but a basic plan can cost around $50-100 CAD per month.
- Entertainment: The cost of entertainment in New Brunswick, such as movies, concerts, and sporting events, can vary depending on the activity and location.
Overall cost of living:
- The cost of living in New Brunswick is generally lower than in other provinces in Canada, with a lower cost of housing, food, and transportation.
- However, the cost of living can vary depending on the specific location, lifestyle, and personal choices.
- A single person can live comfortably in New Brunswick on a budget of around $30,000-40,000 CAD per year, while a family of four can live comfortably on a budget of around $50,000-70,000 CAD per year.
Keep in mind that these are general estimates, and the actual cost of living in New Brunswick can vary depending on many factors. It's always a good idea to research specific costs and expenses for the area you're interested in living in.