A competitive cost of living, affordable tuition
fees, and public healthcare make Québec City a great place to live.
Read on for information that may come in handy when planning your
budget.
Housing
Ideally, housing costs should not exceed 30% of your net monthly income. If
they are higher, your budget situation is considered precarious.
Average
Cost of a Single-Family Home in Québec City (June 2011)
Average Sales Price
(Detached, semi-detached, and row houses)
| Location | $ CAN |
|---|
| Québec City |
$245,008 |
| Montréal |
$323,785 |
| Toronto |
$476,386 |
| Vancouver |
$808,867 |
| Province-wide |
$265,890 |
| Canada |
$372,700 |
| Source: Canadian Real Estate Association, June 2011 |
Average Monthly Rent (apartments)*
(Metropolitan Regional Québec, April 2011)
| Apartment Type | $ CAN |
|---|
*Excluding heating, electricity, telephone, Internet,
and cable televisions fees. Source: Canadian Housing and Mortgage
Corporation |
| Studio |
$499 |
| 1 bedroom |
$608 |
| 2 bedrooms |
$711 |
| 3 bedrooms |
$859 |
Working in Québec City
In Québec, the legal minimum wage is $9.65/hour (2011).
A 40-hour work week at this wage earns $386. A minimum wage salary produces
an annual income of $20,072 before income taxes.
If you are already familiar with the average income in your field in Québec,
or if you have secured a job here before leaving your country, the following
information will help you roughly estimate your future standard of living in
Québec.
Please note that this information does not in any way guarantee your
income.
Median Annual Income* (2009)
Couples (with or without children) and single-parent families
| Census Metropolitan Area |
$ CAN |
| Canada |
$68,410 |
| Québec |
$75,160 |
| Sherbrooke |
$61,600 |
| Montréal |
$65,960 |
* Median income is the amount which divides the
population’s income distribution into two equal groups, half having incomes
above the median, half having incomes below the median.
Source:
Statistics Canada
|
For more information, refer to these
statistical tables published by Institut de la
statistique du Québec.
Are you finding it difficult to assess the value of the Canadian dollar?
This
currency converter can help you out!