Point of Bay, Newfoundland and Labrador Cost Of Living

A+

3%

Overall NAT. AVG.

12%

Groceries NAT. AVG.

16%

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 of Bay	Newfoundland and Labrador	National
Cost of living	97	87	100
Groceries	112	112	100
Health care	96	96	100
Housing	84	50	100
Transportation	102	102	100
Utilities	138	138	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 Point of Bay is 11% higher than the Newfoundland and Labrador average
The cost of living in Point of Bay is 3% lower than the national average
Point of Bay housing is 16% 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

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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

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.
Point Leamington, NL	596	96	4.5%
Botwood, NL	2,779	96	4.2%
Division No. 8, Subd. F, NL	913	96	4.1%
Norris Arm, NL	683	96	4.0%
Peterview, NL	814	97	3.2%
Point of Bay, NL	148	97	2.8%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Atmautluak, AK	148	n/a
Tanacross, AK	148	n/a
Orrville, AL	148	n/a
Bellville, GA	148	n/a
Ayrshire, IA	148	n/a
Point of Bay, NL	148	97	2.8%

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