Cost of Living in Vancouver

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Monthly Weekly
Rent (1-bed) $2,713 $626
Utilities $170 $39
Groceries $420 $97
Transportation $105 $24
Net Income $5,000 $1,154
Expenses $3,408 $786
Savings $1,592 $367

Last updated: Vancouver, Feb 2024

With a monthly net income (after tax) of $5,000, our Vancouver cost of living calculator estimates that a single individual will spend around $3,408 per month on accommodation and basic expenses.

To make our calculator easy to use, we've integrated a few assumptions about your personal situation, such as choosing to live close to the city centre and opting for public transportation. It also excludes the cost of leisure activities and entertainment, since that depends on your individual preferences.

Below, you will find a detailed breakdown of all expenses by category. Please note that all figures on this page are expressed in Canadian dollars (CAD).

Our calculator recommends renting a 1-bedroom apartment: $2,713

It is generally advised to keep accommodation costs to around a third of your monthly gross income (before tax), though in Vancouver this is likely unrealistic. The city has one of the world's most expensive rental markets, with prices 40% above the national average in Canada, higher than any other city in the country.

To keep things practical and hopefully allow for some savings, our calculator's suggestions are limited to shared rooms and 1-bedroom apartments. However, you can select your preferred accommodation type in the Advanced Options Advanced Options section and check how it affects your budget.

The table below outlines the average rental rates for apartments in the city of Vancouver, excluding the suburbs of Burnaby, Richmond, and Coquitlam. While rents are generally cheaper in these outer regions, living there often means facing longer commute times to the city centre.

Source: January 2024 Rentals.ca Report | rentals.ca
Apartment Type Average Monthly Rent
3-Bedroom $4,384
2-Bedroom $3,831
1-Bedroom $2,713
Shared Apartment $1,356

Average monthly utility bill for one person living in a 1-bedroom apartment: $170

In Canada, rental agreements typically cover utilities such as water and heating. However, it's important to verify the specifics before signing the lease.

As such, our calculator accounts for utilities that are commonly not included in the rent price: electricity, Internet, and a phone plan. It also factors in the suggested accommodation type for your budget and whether you are living alone or not.

Expense Average Monthly Cost
Electricity (1-bedroom apartment) 1 × $70
Internet 1 × $50
Phone Plan 1 × $50

Average monthly grocery bill for one person: $420

The average adult in Vancouver spends around $420 monthly on groceries. For couples living together, the cost rises to approximately $682 per month.

It's important to note that these figures can vary widely. The total amount you spend will depend on factors like how often you cook at home, the types of groceries you buy, and your spending habits on daily essentials like toiletries and household items.

Below, you'll find a list of some common grocery items along with the typical prices you can expect to see in Vancouver supermarkets.

Item Average Price
Loaf of Bread $3.99
12 Medium Eggs $4.49
1 L (1 qt) of Milk $3.49
1 kg (2.2 lb) of White Rice $3.20
1 kg (2.2 lb) of Local Cheese $14.30
1 kg (2.2 lb) of Whole Chicken $8.44
1 kg (2.2 lb) of Apples $4.40
750 ml (25.3 oz) Bottle of Mid-Range Wine $18.00
500 ml (16.9 oz) Can of Local Beer $2.70

Monthly Vancouver public transport cost for one person: $105

Vancouver has an excellent public transit system, with a large network that includes buses, the iconic Vancouver SkyTrain, the West Coast Express, and the SeaBus ferry. It's no surprise that most residents do not own a car, as public transport is not only faster, but also much cheaper.

When computing monthly expenses for Vancouver, our cost of living calculator factors in the cost of a monthly pass for zone 1, which covers most of the city.

Source: Pricing and Fare Zones | translink.ca
Ticket Type (Adult) Price
90 Minute Fare, Zone 1 (with/without Compass card) $2.55 / $3.15
Day Pass, All Zones $11.25
Monthly Pass, Zone 1 (Compass card) $104.90

Budget left after basic expenses: $1,592

Whether you're a foodie in search of the next great meal, an adventurer looking to explore the great outdoors, or a culture enthusiast eager to soak up some art and music, Vancouver has something to offer.

From high-end dining experiences to casual, cozy cafes, the city caters to all tastes and budgets. The entertainment options are just as varied as the dining scene, ranging from nature activities to cultural experiences and nightlife.

Our cost of living calculator doesn't include dining out and leisure costs, as they vary widely based on personal preferences. To give you an idea, the table below outlines the average prices you can expect in Vancouver.

Activity Average Price
Meal in a Mid-Range Restaurant (Excl. Drinks) $30$50
Big Mac Meal at McDonald's $14.69
Local Beer in a Pub $10.00
Cappuccino at Starbucks $5.75
Cinema Ticket $14.00
Monthly Gym Membership $50.00

The information provided on this site is intended for informational purposes only.
Please consult a qualified specialist such as an accountant or tax advisor for any major financial decisions.