Lake Cowichan, British Columbia Cost Of Living

B+

10%

Overall NAT. AVG.

10%

Goods & Services NAT. AVG.

47%

Housing NAT. AVG.

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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	Lake Cowichan	British Columbia	National
Cost of living	90	123	100
Goods & Services	110	110	100
Groceries	102	102	100
Health care	102	102	100
Housing	53	170	100
Transportation	102	102	100
Utilities	103	103	100

Cost Of Living Quick Facts

The cost of living in Lake Cowichan is 27% lower than the British Columbia average
The cost of living in Lake Cowichan is 10% lower than the national average
Lake Cowichan housing is 47% lower than the national average
British Columbia general sales tax is 17% higher than the national average
British Columbia state income tax is 40% lower than the national average

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Price difference in compared to

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

British Columbia Sales Tax

State	General Sales Tax	With Max Surtax
British Columbia	7%	12%

British Columbia Income Tax

State	Income Tax (Low)	Income Tax (High)
British Columbia	5.06%	16.8%

Goods & Services

Item	Lake Cowichan	National avg.	Difference
Personal Care	$108.00	$94.33	14.5%
Recreation	$110.00	$102.33	7.5%

Groceries

Item	Lake Cowichan	National avg.	Difference
Meat, Poultry and Fish	$106.00	$102.27	3.7%
Dairy Products and Eggs	$100.00	$104.67	4.5%
Bakery and Cereal Products	$102.00	$111.67	8.7%
Fruit and Vegetables	$104.00	$113.40	8.3%
Alcoholic Beverages	$111.00	$105.80	4.9%

Health Care

Item	Lake Cowichan	National avg.	Difference
Doctor	$97.00	$101.07	4.0%

Housing

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

Transportation

Item	Lake Cowichan	National avg.	Difference
Gasoline	$133.00	$102.07	30.3%

Utilities

Item	Lake Cowichan	National avg.	Difference
All Electricity	$101.00	$98.60	2.4%

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.
Ladysmith, BC	9,354	92	8.1%
Cowichan Lake, BC	19	93	6.9%
Oyster Bay 12, BC	84	94	6.0%
Cowichan Valley F, BC	1,730	97	3.5%
Cowichan Valley E, BC	4,562	97	2.8%
Lake Cowichan, BC	3,686	90	10.0%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Millvale, PA	3,686	n/a
Hebron, IN	3,685	n/a
Taylor Lake Village, TX	3,685	n/a
Northlake, SC	3,684	n/a
San Manuel, AZ	3,688	n/a
Lake Cowichan, BC	3,686	90	10.0%

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