Point May, NL Cost of Living

A+
2%
Overall NAT. AVG.
12%
Groceries NAT. AVG.
14%
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 Point May Newfoundland and Labrador National
Cost of living9887100
Groceries112112100
Health care9696100
Housing8650100
Transportation102102100
Utilities138138100
Lifestyle & Entertainmentn/an/an/a
Household Itemsn/an/an/a
Education & Childcaren/an/an/a

Cost Of Living Quick Facts

  • The cost of living in Point May is 12% higher than the Newfoundland and Labrador average
  • The cost of living in Point May is 2% lower than the national average
  • Point May housing is 14% 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 Point May

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Compare Point May, NL Cost of Living

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      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%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Lamaline, NL258964.2%
      Lord's Cove, NL147963.8%
      Division No. 2, Subd. G, NL10963.8%
      Fortune, NL1,300973.2%
      Grand Bank, NL2,107972.8%
      Point May, NL202982.1%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Adona, AR202n/a 
      Stevinson, CA202n/a 
      Rayle, GA202n/a 
      Schoenchen, KS202n/a 
      Carter, OK202n/a 
      Point May, NL202982.1%
      Date & Last Updated: This data reflects 2020 and was released from Statistics Canada.
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