Anchor Point, Newfoundland and Labrador Cost Of Living

A+

25%

Overall NAT. AVG.

12%

Goods & Services NAT. AVG.

84%

Housing NAT. AVG.

Search Homes for Sale

Date & Last Updated: This data reflects 2020 and was released from Statistics Canada.

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Anchor Point	Newfoundland and Labrador	National
Cost of living	75	85	100
Goods & Services	88	88	100
Groceries	108	108	100
Health care	94	94	100
Housing	16	47	100
Transportation	100	100	100
Utilities	137	137	100

Cost Of Living Quick Facts

The cost of living in Anchor Point is 11% lower than the Newfoundland and Labrador average
The cost of living in Anchor Point is 25% lower than the national average
Anchor Point housing is 84% lower than the national average
Newfoundland and Labrador general sales tax is 67% higher than the national average
Newfoundland and Labrador state income tax is 3% higher than the national average

Most Affordable Places to Live in and Around Anchor Point

See all the best places to live around Anchor Point

Compare Anchor Point, NL Cost of Living

Write a review to give others more information about this area.

See all Anchor Point poll results

Salary Calculator

This is how much you would need to earn in

Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Newfoundland and Labrador Sales Tax

State	General Sales Tax	With Max Surtax
Newfoundland and Labrador	10%	15%

Newfoundland and Labrador Income Tax

State	Income Tax (Low)	Income Tax (High)
Newfoundland and Labrador	8.7%	18.3%

Goods & Services

Item	Anchor Point	National avg.	Difference
Personal Care	$89.00	$94.33	5.7%
Recreation	$101.00	$102.33	1.3%

Groceries

Item	Anchor Point	National avg.	Difference
Meat, Poultry and Fish	$97.00	$102.27	5.1%
Dairy Products and Eggs	$104.00	$104.67	0.6%
Bakery and Cereal Products	$106.00	$111.67	5.1%
Fruit and Vegetables	$115.00	$113.40	1.4%
Alcoholic Beverages	$112.00	$105.80	5.9%

Health Care

Item	Anchor Point	National avg.	Difference
Doctor	$98.00	$101.07	3.0%

Housing

Item	Anchor Point	National avg.	Difference
Home Price ($)	$n/a	$659,395.00	100.0%
Apartment Rent ($)	$n/a	$2,146.00	100.0%

Transportation

Item	Anchor Point	National avg.	Difference
Gasoline	$102.00	$102.07	0.1%

Utilities

Item	Anchor Point	National avg.	Difference
All Electricity	$99.00	$98.60	0.4%

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Bird Cove, NL	175	74	26.2%
Division No. 9, Subd. C, NL	2,436	75	25.2%
Flower's Cove, NL	260	75	24.7%
Anchor Point, NL	320	75	24.6%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Sand City, CA	320	n/a
Limestone, FL	320	n/a
Epworth, GA	320	n/a
Silver City, IA	320	n/a
Ewing, IL	320	n/a
Anchor Point, NL	320	75	24.6%

Date & Last Updated: This data reflects 2020 and was released from Statistics Canada.