6 Interesting Aspects of Cost of Living in Ontario, Canada

Cost of living in Ontario, Canada

Wondering about the cost of living in Ontario, Canada?

This article gives you the information all you need to know about the cost of living in Ontario, Canada. Ontario is one of the biggest provinces in Canada. If you are thinking of moving to Canada, Ontario has some of the most liveable on the planet and in Canada. If you already planned to move to one of the cities in Ontario, you will need to know about certain numbers about the cost of living in Ontario, Canada

Check out our article Best province to Live in Canada: Top 5 choices.

Ontario has some of the best as well as some of the expensive cities in Canada, like Ottawa, Toronto, Burlington, Vaughan, and many more. Ontario is the largest manufacturing hub of Canada, holding as much as 52 % of national production in this single state. The city has some of the financially robust cities like Toronto and Waterloo. Jobs in fields like science and technology are abundant and growing in Ontario due to its manufacturing prowess.

Since Ontario is enormous, you have your option of cities to choose from. In this list, we will first give you the best cities to live in Ontario and then the average cost of living in Ontario, Canada.

Best Cities to Live in Ontario, Canada.

  1. Ottawa

  2. Toronto

  3. Oakville

  4. Burlington

  5. Hamilton

Cost of Living in Ontario, Canada: An Overview

Ontario has some of the most expensive cities in Canada as well as the world. The cost of living between the cities in Ontario is high, as the province of Ontario is huge. Living in cities like Toronto and Ottawa are indeed expensive and luxurious. On the other hand cities like Sudbury and Windsor are some of the cheapest places to live in.

The Provincial Tax Rate in Ontario is 11.5%, and the Federal Tax Rate is 15%. Then the sales tax in Ontario, the Harmonised Sales Tax, which is the Goods and Service Tax plus Provincial Sales Tax is 13% when compared to 15% of other provinces in Canada.

You have plenty of options in Ontario, Canada, to choose the best suitable city for you to live in. The average income of Ontarians in a year is around $52,600. And, the average income levels change with each of the cities in Ontario, so does the costs of living.

1) Rents and Housing Prices