Cost of living in new zealand vs canada
New Zealand and Canada are both popular destinations for expats and digital nomads, but the cost of living in these two countries can vary significantly. Here's a breakdown of the costs to help you decide which country might be more suitable for you:
Housing:
- New Zealand: The cost of housing in New Zealand varies depending on the region and type of accommodation. On average, a one-bedroom apartment in the city center can cost between NZD $1,500-2,500 (approximately CAD $950-1,600 USD) per month. A three-bedroom house in the suburbs can cost around NZD $2,500-4,000 (approximately CAD $1,600-2,600 USD) per month.
- Canada: The cost of housing in Canada also varies depending on the region and type of accommodation. On average, a one-bedroom apartment in the city center can cost between CAD $1,500-2,500 (approximately NZD $2,100-3,800) per month. A three-bedroom house in the suburbs can cost around CAD $2,500-4,000 (approximately NZD $3,800-6,200) per month.
Food:
- New Zealand: Eating out in New Zealand can cost around NZD $15-25 (approximately CAD $10-17 USD) for a meal at a mid-range restaurant. Groceries can cost around NZD $100-150 (approximately CAD $65-100 USD) per week for basic items.
- Canada: Eating out in Canada can cost around CAD $15-30 (approximately NZD $22-45 USD) for a meal at a mid-range restaurant. Groceries can cost around CAD $100-150 (approximately NZD $130-200 USD) per week for basic items.
Transportation:
- New Zealand: Public transportation in New Zealand is relatively affordable, with a single bus fare costing around NZD $2-3 (approximately CAD $1.30-2 USD). A monthly public transportation pass can cost around NZD $100-150 (approximately CAD $65-100 USD).
- Canada: Public transportation in Canada can be more expensive, with a single bus fare costing around CAD $3-5 (approximately NZD $4-7 USD). A monthly public transportation pass can cost around CAD $100-150 (approximately NZD $130-200 USD).
Healthcare:
- New Zealand: New Zealand has a public healthcare system, and most medical services are free or low-cost for citizens and permanent residents. However, some services, such as dental care and prescription medication, may require a co-payment.
- Canada: Canada also has a public healthcare system, and most medical services are free or low-cost for citizens and permanent residents. However, some services, such as dental care and prescription medication, may require a co-payment.
Taxes:
- New Zealand: New Zealand has a progressive tax system, with tax rates ranging from 10.5% to 33%. The average tax rate for a single person is around 20%.
- Canada: Canada has a progressive tax system, with tax rates ranging from 15% to 33%. The average tax rate for a single person is around 25%.
Overall Cost of Living:
- New Zealand: The overall cost of living in New Zealand is relatively high, with a monthly budget of around NZD $3,500-5,000 (approximately CAD $2,300-3,300 USD) for a single person.
- Canada: The overall cost of living in Canada is also relatively high, with a monthly budget of around CAD $3,500-5,000 (approximately NZD $4,600-6,700 USD) for a single person.
Ultimately, the cost of living in New Zealand and Canada will depend on your individual circumstances, lifestyle, and location. However, based on the above costs, it's clear that both countries have a relatively high cost of living.