Lot 40, Prince Edward Island Cost Of Living

A+

1%

Overall NAT. AVG.

5%

Groceries NAT. AVG.

19%

Housing NAT. AVG.

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Date & Last Updated: This data reflects 2025 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 score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index	Lot 40	Prince Edward Island	National
Cost of living	99	92	100
Groceries	105	105	100
Health care	96	96	100
Housing	81	56	100
Transportation	92	92	100
Utilities	140	140	100
Lifestyle & Entertainment	n/a	n/a	n/a
Household Items	n/a	n/a	n/a
Education & Childcare	n/a	n/a	n/a

Cost Of Living Quick Facts

The cost of living in Lot 40 is 8% higher than the Prince Edward Island average
The cost of living in Lot 40 is 1% lower than the national average
Lot 40 housing is 19% lower than the national average
Prince Edward Island general sales tax is 67% higher than the national average
Prince Edward Island state income tax is 16% higher than the national average

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Price difference in compared to

Cost of living index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
Lifestyle index
Household index
Educare index

Prince Edward Island Sales Tax

State	General Sales Tax	With Max Surtax
Prince Edward Island	10%	15%

Prince Edward Island Income Tax

State	Income Tax (Low)	Income Tax (High)
Prince Edward Island	9.8%	16.7%

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Mount Stewart, PE	235	99	1.4%
Cardigan, PE	273	99	1.3%
Georgetown, PE	565	99	1.0%
Lot 37, PE	667	99	0.9%
Lot 55, PE	445	99	0.9%
Lot 40, PE	462	99	0.6%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Thorne Bay, AK	462	n/a
Seville, CA	462	n/a
Humeston, IA	462	n/a
Kenney, IL	462	n/a
Wheatland, IN	462	n/a
Lot 40, PE	462	99	0.6%

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