What is the cost of living in Charlottetown, Prince Edward Island?

Charlottetown is Prince Edward Island’s capital city, and it’s a great place to live for its relatively mild climate and stunning natural beauty. The quality of life here is enviable, and you will find a lot of people from different backgrounds living here in a community of acceptance and inclusivity. For those looking to move to Charlottetown and wondering about the cost of living, this article will address the issue.The cost of living in Charlottetown is dependent on where you are living and how much you are spending on housing, food, transportation, and other expenses. According to Numbeo’s Cost of Living Index , the cost of living in Charlottetown is 4.6% lower than the cost of living in Canada overall. This means that the overall cost of living here is lower than other parts of the country, which is great news for potential Charlottetown residents.When it comes to housing, Charlottetown has some of the most affordable housing options in the country. According to Canada Mortgage and Housing Corporation’s (CMHC) Rental Market Report , renters in Charlottetown spent just 17.4% of their total income on rent on average in 2020. This was 7.3% below the national average and well below the 30% threshold for affordability. In addition, median rent for a two-bedroom unit in Charlottetown is around $900 per month, making it one of the most affordable cities to rent in Canada.Food costs in Charlottetown tend to be much lower than the national average, thanks in part to the abundance of local products available in the city’s markets and stores. Fruits, vegetables, and most items are readily available and can be purchased at reasonable prices. According to Numbeo Cost of Living Index , the ” Restaurant Price Index” is also significantly lower than the national average in Charlottetown, meaning that eating out is much more affordable here than elsewhere.Transportation costs are also significantly lower than the national average in Charlottetown. According to Numbeo’s Cost of Living Index , a one-way ticket for public transport costs around $2 CAD on average, and monthly passes are available at reasonably low prices (around $50 CAD). This means that you can save money by taking public transportation instead of owning a car, which can be expensive to own and maintain in any city.Overall, Charlottetown has a relatively low cost of living compared to other parts of the country, thanks to its affordable housing options, inexpensive food costs, and relatively low transportation costs. Furthermore, with its stunning natural beauty, mild climate, and friendly atmosphere, it’s no wonder why many people consider Charlottetown a great place to live. For those looking to move to Charlottetown, they can do so with the assurance that they won’t have to worry too much about stretching their wallets too thin!

An Insider’s Guide to Charlottetown, Prince Edward Island

Charlottetown, located on the southern coast of Prince Edward Island, is a charming city with a rich history, stunning architecture, and unique cultural experiences. Known as the birthplace of the Canadian Confederation, Charlottetown is a popular destination for history buffs, foodies, and nature lovers alike. Here’s a detailed insider’s guide to the city:

Attractions

Charlottetown has no shortage of attractions to visit during your stay. If you’re interested in history, a visit to Province House National Historic Site is a must. This National Historic Site is the birthplace of the Canadian Confederation and hosts a daily sound and light show that tells the tale of Canada’s origins.

Another popular attraction in Charlottetown is the Confederation Centre of the Arts. This center features several art galleries, a theater, and a library. It’s also the home of the Confederation Players, who perform interactive shows around the city during the summer months.

Nature lovers should make their way to Prince Edward Island National Park, which is located just a short drive from the city center. The park is home to sandy beaches, sand dunes, and hiking trails, making it an ideal spot for hiking, kayaking, and birdwatching.

Dining

When it comes to dining options, Charlottetown has an array of choices to suit any budget and taste. If you’re looking for seafood, there’s no better spot than Claddagh Oyster House. This restaurant is renowned for its fresh oysters, lobster, and chowder sourced from local waters.

For an upscale dining experience, check out Terre Rouge. This restaurant serves French-inspired dishes made with locally sourced ingredients, including seafood, meat, and vegetables. The menu changes regularly, so it’s worth checking out what’s on offer when you visit.

If you’re in the mood for pub food, The Olde Dublin Pub is a local institution. This cozy spot serves up traditional Irish fare, including Shepherd’s Pie and Fish and Chips, along with a wide variety of beers on tap.

Cultural Experiences

Charlottetown is known for its vibrant arts scene, so it’s no surprise that there are plenty of cultural experiences to be had in the city. Head to the Beaconsfield Historic House to explore the Victorian-era mansion and learn about the history of Charlottetown’s elite families.

Another can’t-miss cultural experience in Charlottetown is the Charlottetown Farmers’ Market. The market is held every Saturday and features vendors selling fresh produce, baked goods, and locally made crafts. It’s a great place to pick up souvenirs and sample some of the region’s best cuisine.

Local History

As mentioned earlier, Charlottetown played a pivotal role in the development of Canada as a nation. While Province House National Historic Site is the most well-known site to learn about the city’s history, there are several other noteworthy spots to explore.

The Confederation Centre of the Arts has an art gallery dedicated to the history of Canadian art, and the Beaconsfield Historic House provides a glimpse into the lives of Charlottetown’s wealthiest residents in the 19th century.

Off-the-Beaten-Path Suggestions

If you’re looking to get off the beaten path in Charlottetown, consider taking a day trip to nearby St. Mary’s Church. This charming church is the oldest Catholic church on Prince Edward Island and is surrounded by breathtaking views of the coast.

Another off-the-beaten-path suggestion is a visit to the Orwell Corner Historic Village. This living history museum takes visitors back to the 19th and early 20th century and includes restored buildings and costumed actors depicting life on Prince Edward Island during that time.

Conclusion

Charlottetown, Prince Edward Island, is a destination that is not to be missed. With its rich history, stunning natural scenery, and culinary delights, this city has something for everyone. Whether you’re interested in exploring historic sites, sampling local cuisine, or immersing yourself in the arts, you won’t be disappointed in Charlottetown.