By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Icy Canada
  • Business
  • Sports
  • Canada Immigration
  • Canadian Cities
  • Entertainment
  • Destinations
  • Education
  • International Visas
Reading: Cost Of Living In Vancouver – 7 Best Facts and Other Aspects
Share
Notification Show More
Reading List
top country songs 2016
Canada Top Country Songs 2016: The Best Top 10
December 3, 2022
Tips on Surviving a Brutal Canadian Winter 1
Tips on Surviving a Brutal Canadian Winter
December 31, 2020
Vancouver's World Famous Celebration Of Light.- events in canada
Latest Canada Immigration News 2020
November 10, 2020
Canadian Tourists Decreasing in the US 2
Canadian Tourists Decreasing in the US
January 20, 2020
Can You Bring Your Spouse While Studying Abroad? 3
Can You Bring Your Spouse While Studying Abroad?
December 21, 2018
Latest News
bay of fundy
Bay of Fundy-16 Amazing Things to Do in the Bay of Fundy
February 3, 2023
indian buffet vancouver
Largest Indian Buffet Vancouver: 6 Important Things to Know
February 2, 2023
business in Ontario
How to Start a Business in Ontario: 10 Important Steps You Must Know
February 2, 2023
Customer intelligence.
From Data To Insights: How Customer Intelligence Is Revolutionizing Marketing & Sales
February 1, 2023
Palace in Richmond
A Complete Guide on the Palace in Richmond: 12 Facts You Should Know
January 31, 2023
Aa
Icy Canada
Aa
  • Home
  • About Us
  • Privacy Page
  • Terms & conditions
  • Business
  • Sports
  • Canada Immigration
  • Canadian Cities
  • Entertainment
  • Destinations
  • Education
  • International Visas
Have an existing account? Sign In
Follow US
  • Home
  • Blog
  • Complaint
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
- Advertisement -
Ad image
Icy Canada > Blog > Canada > Canadian Life > Cost Of Living In Vancouver – 7 Best Facts and Other Aspects
CanadaCanadian Life

Cost Of Living In Vancouver – 7 Best Facts and Other Aspects

ayesha_shaikh
ayesha_shaikhNovember 27, 2020
Updated 2023/01/29 at 4:11 AM
Share
Cost Of Living In Vancouver - 7 Best Facts and Other Aspects 4
Photo by pandionhiatus3 from Depsotiphotos
SHARE

The Cost Of Living In Vancouver, British Columbia, is a widely discussed topic worldwide. Vancouver is a city of dreams for many.

Despite all the expenses, this fabulous place in South Western Canada is preferred by half the people around the world.

From its snow-covered mountains to crystal-clear waters, Vancouver is a city desired by many. We can easily call it a piece of paradise on earth.

Being able to ski in the morning and swim in the afternoon is another thing that makes this city unique. Although, the water may be a little colder than expected.

Vancouver is a beautiful city with a high cost of living. Like New York and San Francisco in the United States, Vancouver is an expensive city to live in.

However, there is a chance that you may neglect the price, and its beauty might change your mind.

What Are The Pros And Cons Of Living In Vancouver, Canada?

Cost Of Living In Vancouver
Photo by Adi K from Pexels

Pros

  • Activities like hiking, going to the beach, and shopping Downtown can be done together in a single day when in Vancouver.
  • World-renowned skiing destination Aspen is only at a distance of 2 hours.
  • People living in Vancouver enjoy the Canadian Freeze, warm summers, and just the right climate all year round.
  • Many of the immigrant Vancouver residents in Richmond are Asian.
  • Vancouver’s beautiful city has a diverse culture and doesn’t entertain racism.
  • Vancouver has a reasonably low crime rate.
  • Immensely growing tech industry.

Cons

  • The Cost of Living in Vancouver is way too high.
  • Increased prices for housing and renting.
  • One of the major cities in Canada with a high population.
  • Public Transport in Vancouver is not so efficient.

More About the Cost of Living in Vancouver

1. What Is the Monthly Cost of Living in Vancouver Canada?

Cost Of Living In Vancouver - 7 Best Facts and Other Aspects 5
Photo by Milan Seitler on Unsplash

Most youngsters living in the city opt for rented places to live in. A single person living in Vancouver prefers having a roommate. Sharing a room cuts down on rental costs and reduces the overall cost of living in Vancouver.

An average one-bedroom apartment in the metropolitan area ranges from $2500 to $3500 per month.

Housing costs are a major budget line item when it comes to making a move to Vancouver. The increased rates in the housing sector have caused chaos. Many people fear they won’t purchase a property in the City of Vancouver.

To cover their extra costs, house owners convert their secondary suites into rental facilities for overseas students. This enables them to earn additional income.

The cost of these basement rentals is seemingly lesser by 20-30% depending on the area.

Owning property in Vancouver requires a loaded bank account. The prices start from $1.6M and go up to $3M if the property is a typical family home.

Ethnic restaurants, excellent coffee, and engaging music in Vancouver are a few of the many reasons why people are drawn to Vancouver.

2. Cost Of Housing Outside Of Vancouver

Vancouver
Photo by Aditya Chinchure on Unsplash

There are no expressways or freeways in Vancouver, even if you’re using public transportation or a car. The closest freeway starts at the end of the city.

Renting a place in the immediate outskirts doesn’t reduce the cost of living in Vancouver either.

3. What Are the Utility Costs in Vancouver?

Utility Cost includes the amount spent on amenities like heating, gas, and electricity. If you rent a 2-bedroom apartment, you incur a utility cost of around $120 to $150. An additional $60 to $70 on monthly internet charges will be added.

Homeowners need to pay an additional $70 on utilities like water and garbage collectors. If you own an apartment, a monthly pass of $400 to $500 gets added to your regular expenses for maintenance.

4. Transportation Costs In Vancouver

transport vancouver
Photo by Diego Mazz on Unsplash

Vancouver is a car-centric city, but with time, public transportation is becoming easily navigable. Many rapid lines have been built over the years, making development faster and saving on the cost of living in Vancouver by cutting down on fuel.

You can make yourself a monthly on Metro-Vancouver one-zone transit that costs around $98 per month. The gas prices vary from $1.30 per liter to $1.60.

Uber and Lyft facilities have been recently added and are confined to the city only.

5. Costs Of Dining Out In Vancouver

Due to the high Cost Of Living In Vancouver, the people there live in small houses. This doesn’t give them enough space to attend to guests and be chivalrous. Thus, they prefer having guests over restaurants.

Cost Of Living In Vancouver - 7 Best Facts and Other Aspects 6
Photo by genious2000de from Depositphotos

Vancouver has a wide variety of restaurants to choose from. A typical meal in a regular restaurant will cost you around $15, and fast food will cost you $10 to $13.

A two-people meal in a mid-range restaurant will cost you $80, and a fine establishment will charge $200 for two people.

6. Cost of Groceries in Vancouver

Farmer’s Markets are widely popular in Vancouver. Every corner of Vancouver has one Farmer’s Market throughout the season.

Cost Of Living In Vancouver - 7 Best Facts and Other Aspects 7
Photo by HayDmitriy from Depositphotos

A family of two who cook regularly at home can expect to shop for groceries worth $600 to $800 monthly. Conscious shoppers save as much as 25%.

7. Cost Incurred On Entertainment In Vancouver

Movie Tickets in Vancouver range from $13 to $15 per person. The NHL Hockey Game is quite popular among the people in Vancouver.

The Tickets are pricey and are sold at a range of $100 to $400. However, Baseball Game Tickets are quite reasonable and are sold for $10 to $22.

What do We love About Vancouver?

Vancouver is home to many. Despite the high Cost Of Living In Vancouver, many people love staying here, and they wouldn’t trade it for any other city. Its beauty lures a lot of new visitors and keeps the old ones hooked.

Cost Of Living In Vancouver - 7 Best Facts and Other Aspects 8
Photo by lhboucault from Depositphotos

Besides, the Cost Of Living In Vancouver or in any other country depends on how efficiently one plans their budget.

While you are on the hunt for places to move to Vancouver, we recommend checking this guide for Vancouver:

https://icycanada.com/things-to-do-in-vancouver-island/

TAGGED: Accomodation, cost of living, places to live, vancouver
ayesha_shaikh November 27, 2020
Share this Article
Facebook TwitterEmail Print
Previous Article All About The Amazing Largemouth Bass 9 All About The Amazing Largemouth Bass
Next Article H1B Visas: Answering the FAQs 10 H1B Visas: Answering the FAQs
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

Facebook Like
Twitter Follow
Pinterest Pin

Latest News

camping checklist
101 Camping Checklist: Ultimate Guide to All Essentials
Featured
Calgary movers.
Top 7 Calgary Movers – Find the Best Calgary Moving Companies
Featured

You Might Also Like

indian buffet vancouver
Vancouver

Largest Indian Buffet Vancouver: 6 Important Things to Know

February 2, 2023
business in Ontario
Canada

How to Start a Business in Ontario: 10 Important Steps You Must Know

February 2, 2023
Palace in Richmond
Canadian History

A Complete Guide on the Palace in Richmond: 12 Facts You Should Know

January 31, 2023
Canadian ETF
Canada

Best Canadian ETFs: 10 Best Canadian ETFs Essential Information

January 31, 2023
//

Icycanada.com your home to Canadian life, the outdoors, events, immigration news, and more.

Icy Canada

3-11860 River Rd, V3V 2V7,

Surrey, BC, Canada

+17789512734

Have questions? Reach out to us at team@icytales.com

Disclosure Statement

We are reader-supported. And we review products independently. When you do buy a product after clicking on a link, we may earn a small commission. That doesn’t mean you will pay more. No, because our commission is independent of what you would pay otherwise. It’s what helps us keep small businesses like us alive.

© 2022 Icy Canada. All Rights Reserved.

  • Home
  • About Us
  • Privacy Page
  • Terms & conditions

Removed from reading list

Undo
Welcome Back!

Sign in to your account

RegisterLost your password?