Thunder Bay, Ontario Cost Of Living

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Overall 24%

Goods & Services 9%

Housing 65%

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. If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Thunder Bay	Ontario	National
Cost of living	76	111	100
Goods & Services	91	107	100
Groceries	101	101	100
Health care	91	103	100
Housing	35	120	100
Transportation	96	104	100
Utilities	87	119	100

Key findings

The cost of living in Thunder Bay is 32% lower than the Ontario average
The cost of living in Thunder Bay is 24% lower than the national average
Thunder Bay housing is 65% lower than the national average
Ontario sales tax is 33% higher than the national average
Ontario 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

Ontario Sales Tax

Province	Provincial Tax	Total Tax Rate
Ontario	8%	13%

Ontario Income Tax

Province	Income Tax (Low)	Income Tax (High)
Ontario	5.05%	13.16%

Goods & Services

Item	Thunder Bay	National avg.	Difference
Personal Care	86	94	8.8%
Recreation	98	102	4.2%

Groceries

Item	Thunder Bay	National avg.	Difference
Meat, Poultry and Fish	101	102	1.2%
Dairy Products and Eggs	94	105	10.2%
Bakery and Cereal Products	98	112	12.2%
Fruit and Vegetables	103	113	9.2%
Alcoholic Beverages	101	106	4.5%

Health Care

Item	Thunder Bay	National avg.	Difference
Doctor	95	101	6.0%

Housing

Item	Thunder Bay	National avg.	Difference
Home Price ($)	249,911	663,503	62.3%
Apartment Rent ($)	1,010	1,274	20.7%

Transportation

Item	Thunder Bay	National avg.	Difference
Gasoline	94	102	7.9%

Utilities

Item	Thunder Bay	National avg.	Difference
All Electricity	91	99	7.7%

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

City	Population	Cost of Living Index	National Avg.
Fort William 52, ON	1,071	75	24.6%
Oliver Paipoonge, ON	6,433	79	21.0%
Thunder Bay, ON	111,499	76	24.4%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Rochester, MN	111,396	n/a
Clearwater, FL	111,747	n/a
Westminster, CO	111,770	n/a
Elgin, IL	111,919	n/a
Inglewood, CA	111,012	n/a
Thunder Bay, ON	111,499	76	24.4%

Source: The Thunder Bay, ON data and statistics displayed above are derived from Statistics Canada 2020.