A-
Overall 12%
Goods & Services 6%
Housing 58%
Date & Last Updated: This data reflects 2019 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. If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
IndexDowntown CharlottetownCharlottetownPrince Edward Island
Cost of living888689
Goods & Services106106106
Groceries103103103
Health care929292
Housing423645
Transportation919191
Utilities141141141

Key findings

  • The cost of living in Downtown Charlottetown is 2% lower than the Charlottetown average
  • The cost of living in Downtown Charlottetown is 12% lower than the national average
  • Downtown Charlottetown housing is 58% lower than the national average
  • Prince Edward Island sales tax is 67% higher than the national average
  • Prince Edward Island income tax is 16% higher than the national average

Most Affordable Places to Live in and Around Downtown Charlottetown

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Compare Charlottetown, PE Cost of Living

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      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Prince Edward Island Sales Tax

      ProvinceProvincial TaxTotal Tax Rate
      Prince Edward Island10%15%

      Prince Edward Island Income Tax

      ProvinceIncome Tax (Low)Income Tax (High)
      Prince Edward Island9.8%16.7%

      Goods & Services

      ItemCharlottetownNational avg.Difference
      Personal Care 87947.8%
      Recreation 1041021.6%

      Groceries

      ItemCharlottetownNational avg.Difference
      Meat, Poultry and Fish 961026.1%
      Dairy Products and Eggs 1041050.6%
      Bakery and Cereal Products 1091122.4%
      Fruit and Vegetables 1071135.6%
      Alcoholic Beverages 1071061.1%

      Health Care

      ItemCharlottetownNational avg.Difference
      Doctor 971014.0%

      Housing

      ItemCharlottetownNational avg.Difference
      Home Price ($) 316,735663,50352.3%
      Apartment Rent ($) 9031,27429.1%

      Transportation

      ItemCharlottetownNational avg.Difference
      Gasoline 961025.9%

      Utilities

      ItemCharlottetownNational avg.Difference
      All Electricity95993.7%
      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

      CityPopulationCost of Living IndexNational Avg.
      Mount Stewart, PE23580-20%
      Lot 36, PE87282-18%
      Union Road, PE21182-18%
      Scotchfort 4, PE25282-18%
      Hunter River, PE42183-17%
      Charlottetown, PE41,53786-14%

      Cities with similar population

      CityPopulationCost of Living IndexNational Avg.
      Timmins, ON41,76382-18%
      Salaberry-de-Valleyfield, QC42,12173-27%
      Brant, ON40,69298-2%
      Lakeshore, ON40,67394-6%
      Spruce Grove, AB40,53389-11%
      Charlottetown, PE41,53786-14%
      Source: The Downtown Charlottetown, Charlottetown, PE data and statistics displayed above are derived from Statistics Canada 2020.