Introduction
Burnaby, a city that combines the vibrancy of urban life with the serenity of suburban living, is an attractive destination for many. Whether you’re a current resident or considering a move, it’s important to have a clear understanding of the cost of living in Burnaby. This guide will provide a detailed breakdown of the various expenses you’ll encounter in this dynamic Canadian city.
Housing Costs
The cornerstone of the cost of living is housing. In Burnaby, the rental market offers a range of options, from high-rise apartments to detached homes. For a one-bedroom apartment in the city center, renters can expect to pay an average of CAD 1,761 per month1. If you’re looking to buy, the average price per square meter in the city center is around CAD 9,2001.
Utility Costs
When budgeting for utilities, which include electricity, heating, cooling, water, and garbage, the average cost for an 85m² apartment is approximately CAD 179.40 per month1. Internet services, crucial for both work and leisure, average CAD 74.29 per month for a 60 Mbps connection1.
Food and Groceries
Food expenses vary depending on your lifestyle and preferences. Dining out at an inexpensive restaurant will cost around CAD 20.00 per meal, while a three-course meal for two at a mid-range restaurant is about CAD 80.001. Groceries for a single person can average CAD 579 per month, with a gallon of milk costing CAD 12.12 and a loaf of bread priced at CAD 3.291.
Transportation Costs
Transportation is another significant component of the cost of living. A one-way ticket on local transit costs CAD 3.50, and a monthly pass is priced at CAD 105.001. For drivers, gasoline prices are approximately CAD 7.13 per gallon1.
Healthcare and Education
Burnaby’s healthcare is covered by the Medical Services Plan of BC, which provides basic medical services. Additional health insurance can cover services not included in the plan. Education costs will vary, but an international primary school can cost around CAD 15,000 per year1.
Leisure and Entertainment
Leisure activities are an essential part of life in Burnaby. A fitness club membership costs about CAD 65.00 per month, and a cinema ticket is around CAD 20.001. Burnaby’s parks and recreational areas also offer a variety of free or low-cost activities.
Related:-Understanding Moving Costs in Burnaby: A Comprehensive Guide
Conclusion
The cost of living in Burnaby reflects its status as a desirable place to live, work, and play. While some costs may be higher than in other cities, the quality of life and access to amenities make it a worthwhile choice for many. As you consider your move or reassess your budget, keep these figures in mind to ensure Burnaby fits within your financial plans.
For those moving to or within Burnaby, Secure Moving offers reliable moving services in Burnaby you transition smoothly to your new home. Contact us for a free quote and experience a stress-free move that considers your budget and needs.
