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Guide to Cost Of Living in Canada vs. The USA
Guide to Cost Of Living in Canada vs. The USA
Cost of Living in Canada vs The USA
Because of its attempts to draw and keep the most talented foreign workers who can contribute to the nation’s overall socioeconomic development, Canada is a top immigration destination.
As a result, the country has developed and its population has increased due to immigration. The standard of living for Canadian citizens and residents is among the highest in the world.
Prospective foreign immigrants who want to start a new life in the country of North America are more aware of it now. But among immigrants, the expense of living is becoming a bigger worry.
When one contrasts Canada’s cost of living with its top rivals in the market for international immigration destinations, the issue is further exacerbated.
One of these major rivals is the United States of America (US), and the following information about the average cost of living in each country is provided so that potential immigrants can compare them and decide whether Canada is more affordable.
Living expenses in Canada and the United States
To assist you in making an informed selection, the following comparison of living costs between the US and Canada (CAD) is provided.
Rent/Housing
For most immigrants, housing comes first. Their monthly paychecks and settlement money mostly cover their bills.
Rent
According to data from research, the typical rental costs in Canada and the United States are as follows:
| Apartment Type | Canada (CAD) | US (CAD) |
|---|---|---|
| Rent: 1 bedroom (in the city center) | 1,638.65 | 2,288.46 |
| Rent: 1 bedroom (out of city center) | 1,387.57 | 1,855.50 |
| Rent: 3 bedrooms (in the city center) | 2,707.15 | 4,089.10 |
| Rent: 3 bedrooms (out of the city center) | 2,332.43 | 3,037.09 |
Housing
Housing meets three fundamental human needs: shelter, safety, and security. Real estate is a fixed asset, making it one of the safest sorts of investments.
| Apartment average price per square meter (Canadian dollars) | Canada (CAD) | US (CAD) |
|---|---|---|
| Apartment average price per square meter (in the city center) | 8,950.29 | 6,274.96 |
| Apartment Average price per square meter (out of city center) | 6,530.60 | 4,244.74 |
Healthcare
Because the Canadian healthcare system is mostly funded by government taxes, it costs less per person in Canada than it does in the US. The main recipients of these reasonably priced medical services, which include the following:
- Free trips to the hospital
- Physical examinations
- The CAT and PET scans
- EMTs are emergency medical technicians.
- Care with a focus on special needs
- And necessary medical treatments of all kinds
The publicly funded healthcare system in Canada does not cover the cost of medically necessary medications, dental care, or eye care. In comparison to the US, Canadian healthcare prices are as follows:
Canada
Calculated from the most current year, the total per capita healthcare costs in Canada was 8,563 CAD. The average annual contribution from Canadians to the country’s healthcare system is CAD 713.58 which amounts to CAD 8,563 annually.
The Canadian Medical Association (CMA) estimates that 13% of the country’s GDP, or around CAD 331 billion, is spent on healthcare in Canada.
The United States
The American Medical Association (AMA) estimates that the US spends CAD 4.32 trillion annually on healthcare. According to the AMA, US healthcare costs per person are equal to 13,051 Canadian dollars, which is twice what they are in Canada.
In order to study in Canada and the US as an international student, you must arrange for health insurance. The same medical benefits are provided to Canadian citizens as well as permanent residents.
Education
Education is important to Canada’s population. Similar to how it funds the country’s healthcare system; the Canadian government provides and subsidizes primary, intermediate, and university education. The following are the costs of education in the two nations:
Fees: Both nations have different application fees. The general values of both nations are, however, as follows:
- US: CAD 180
- Canada: 30 to 200 CAD
The average cost of tuition is 58% lower in Canada than it is in the US.
Transportation
Both nations’ advanced transportation systems enable the quick movement of both people and products. The general population can use highly connected rail, road, sea/river, and air transportation networks. The following are the transportation expenses in Canada:
| Transport Expenses by Type (Canadian Dollars) | Canada (CAD) | US (CAD) |
|---|---|---|
| One-Way Ticket Local Transport | 3.25 | 3.37 |
| Monthly Pass Regular Price | 100 | 94.44 |
| Start of a Taxi Ride Normal Tariff | 4.25 | 4.72 |
| One km Taxi Ride (Normal Tariff) | 2.00 | 2.26 |
| One-hour Taxi Ride (Normal Tariff) | 34.00 | 40.47 |
| Litre of Gasoline | 1.78 | 1.35 |
Although specific transport prices (such as the cost of a regular monthly pass) are greater in Canada than the US, the trend still shows that US costs are higher than Canadian ones.
Food
It is crucial to have access to affordable, nutritious meals. Because of the hectic lifestyles people lead in Western culture, cooking at home is becoming less and less common. Prices for fast food and restaurants can be compared for the two countries. According to statistics, the price of food is as follows in both nations:
| Food Expense by Type | Canada Cost (CAD) | US Cost (CAD) |
|---|---|---|
| Inexpensive Restaurant Meal | 22.00 | 26.98 |
| Mid-range Restaurant with Three-courses (2 People Meal) | 90.00 | 101.18 |
| Meal at Mcdonald's (or a deal that's equal) | 12.00 | 13.49 |
| Domestic Beer (0.5-litre draught) | 7.00 | 8.09 |
| Imported Beer (0.33 liter bottle | 8.00 | 9.44 |
| Regular cappuccino | 4.75 | 6.38 |
| Coke or Pepsi (0.33-litre bottle) | 2.48 | 3.13 |
| Water (0.33 litre bottle) | 2.08 | 2.47 |
Utilities
The basic necessities of water and electricity are employed as a fair indicator of affordability. According to statistics, the following are the utility cost differences between Canada and the US:
| Utility Types | Canada (CAD) | United States (CAD) |
|---|---|---|
| Utilities e.g Electricity, Heating, Cooling, Water, Garbage (5m2 Apartment) | 197.35 | 249.77 |
| Mobile Tariff Local for 1 minute(Prepaid)(No Discounts or Plans) | 0.39 | 0.23 |
| 60 Mbps or above, Unlimited Data, Cable/ADSL Internet | 84.42 | 94.28 |
As was shown above, utility costs are greater in the US than Canada.
Salaries
People’s ability to spend money is directly impacted by their salaries. The following are the average salaries in Canada and the US, as reported:
CAD 4,077.09 is the average monthly net salary in Canada, and CAD 5,720.35 is the average monthly net salary in the US.
Pros & Cons of Living in Canada vs. America
People’s ability to spend money is directly impacted by their salaries. The following are the average salaries in Canada and the US, as reported:
CAD 4,077.09 is the average monthly net salary in Canada, and CAD 5,720.35 is the average monthly net salary in the US.
Canada
Pros & Cons of Living in Canada vs. America
People’s ability to spend money is directly impacted by their salaries. The following are the average salaries in Canada and the US, as reported:
CAD 4,077.09 is the average monthly net salary in Canada, and CAD 5,720.35 is the average monthly net salary in the US.
| Pros | Cons |
|---|---|
| Access to basic and universal medical services | No health coverage provided for medical prescriptions, dental and eye care |
| Subsidized public education of high quality | Freezing climate |
| Well-maintained, affordable public transportation | |
| Housing that’s affordable | |
| Low population density | |
| Comparatively low crime rates to the US |
US
| Pros | Cons |
|---|---|
| High Salaries | High costs of education |
| Better variety of healthcare providers | Limited subsidized education |
| A leader in food variety | Limited free healthcare provision |
| Extremely expensive and competitive housing market |
List Of PNP In Canada
- Alberta Immigrant Nominee Program
- British Columbia Provincial Nominee Program (BCPNP)
- Manitoba Provincial Nominee Program (MPNP)
- Newfoundland and Labrador Provincial Nominee Program (NLPNP)
- New Brunswick Provincial Nominee Program (NBPNP)
- Nova Scotia Provincial Nominee Program (NSPNP)
- Northwest Territories Nominee Program (NTNP)
- Ontario Immigrant Nominee Program (OINP)
- Prince Edward Island Provincial Nominee Program (PEI PNP)
- Quebec Skilled Workers Program (QSWP)
- Saskatchewan Immigrant Nominee Program (SINP)
- Yukon Nominee Program (YNP)
Move to Canada today!
Making the decision to travel to Canada to participate in some of its most popular extracurricular pursuits can be a difficult one. We advise hiring one of our qualified best Canada PR Visa consultants in India so they can help you navigate some of the biggest obstacles and ensure you avoid the traps that could delay or result in the rejection of your application.
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