Victoria, BC, is known for its desirable quality of life.
But the cost of living is relatively high compared to some other Canadian cities. Housing is a significant contributor to the overall expenses. The real estate market in Victoria has experienced notable growth, leading to elevated home prices and rental costs. For instance, a one-bedroom apartment in the city center can cost anywhere from $1,500 to $2,500 per month, depending on the neighborhood and amenities.
Utilities, including heating, cooling, electricity, and garbage, may amount to around $100 to $150 per month for a standard-sized apartment. Internet services typically cost an additional $60 to $80 per month.
Grocery expenses can vary based on personal preferences and dietary habits, but a rough estimate for a monthly grocery bill for one person is around $300 to $400.
Transportation costs include public transit fares, gas, and the potential need for a vehicle. A monthly public transit pass can cost approximately $85, while gas prices are around $170 per litre for regular.
Dining out and entertainment expenses can add up, with a meal at a mid-range restaurant costing around $15 to $30 per person. Movie tickets may range from $12 to $15 each.
Healthcare costs are generally covered through the public healthcare system, but additional expenses may include private health insurance, dental care, and prescription medications.
Overall, while the cost of living in Victoria is higher than the national average, many residents find the city's amenities, natural beauty, and cultural offerings to be worth the investment. Individuals need to budget accordingly based on their specific lifestyles and priorities.
Consider contacting Ainsley Gower a local Victoria Realtor for all your real estate needs.