B-
Overall 2%
Goods & Services 8%
Housing 30%
Date & Last Updated: This data reflects 2019 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.
IndexWaterlooOntarioNational
Cost of living98111100
Goods & Services108107100
Groceries100101100
Health care103103100
Housing70120100
Transportation107104100
Utilities130119100

Key findings

  • The cost of living in Waterloo is 13% lower than the Ontario average
  • The cost of living in Waterloo is 2% lower than the national average
  • Waterloo housing is 30% 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

Most Affordable Places to Live in and Around Waterloo

See all the best places to live around Waterloo

Compare Waterloo, ON Cost of Living

      vs
      How would you rate the cost of living in Waterloo?
      Write a review to give others more information about this area.
      Is the cost of living increasing or decreasing in Waterloo?
      Write a review to give others more information about this area.
      See all Waterloo poll results

      Salary Calculator

      This is how much you would need to earn in
      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

      ProvinceProvincial TaxTotal Tax Rate
      Ontario8%13%

      Ontario Income Tax

      ProvinceIncome Tax (Low)Income Tax (High)
      Ontario5.05%13.16%

      Goods & Services

      ItemWaterlooNational avg.Difference
      Personal Care 102948.1%
      Recreation 991023.3%

      Groceries

      ItemWaterlooNational avg.Difference
      Meat, Poultry and Fish 991023.2%
      Dairy Products and Eggs 1011053.5%
      Bakery and Cereal Products 9711213.1%
      Fruit and Vegetables 9811313.6%
      Alcoholic Beverages 1021063.6%

      Health Care

      ItemWaterlooNational avg.Difference
      Doctor 1041012.9%

      Housing

      ItemWaterlooNational avg.Difference
      Home Price ($) 488,168695,65729.8%
      Apartment Rent ($) 1,1071,65533.1%

      Transportation

      ItemWaterlooNational avg.Difference
      Gasoline 991023.0%

      Utilities

      ItemWaterlooNational avg.Difference
      All Electricity106997.5%
      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

      CityPopulationCost of Living IndexNational Avg.
      Cambridge, ON136,38694-6%
      Kitchener, ON250,27495-5%
      Wilmot, ON22,0171000%
      Woolwich, ON27,0831011%
      Wellesley, ON11,9151011%
      Waterloo, ON112,38598-2%

      Cities with similar population

      CityPopulationCost of Living IndexNational Avg.
      St. John's, NL114,42784-16%
      Thunder Bay, ON109,73976-24%
      Delta, BC108,06511515%
      Terrebonne, QC116,81075-25%
      Saanich, BC117,3401066%
      Waterloo, ON112,38598-2%
      Source: The Waterloo, ON data and statistics displayed above are derived from Statistics Canada 2019.