Cost of living in Nova Scotia – Canada – Odin Land (2024)

Cost of living in Nova Scotia is relatively low, even in Halifax, the capital. Smaller cities like Sydney or Dartmouth are even cheaper.

The quality of life in Nova Scotia is second to none.FDI American Cities of the Future ranks Halifax, Nova Scotia in the Top 10 for Best Human Capital and Lifestyle (2019).Whether you prefer sandy beaches and coastal cliffs, or the culture and energy of city life, you’re never far from either. Our weather is moderate, and there’s plenty to do no matter what time of year it is.

Affordable living: According to the Canadian Real Estate Association (CREA), the average selling price of houses in Halifax in 2017 was $298,507 and the Provincial average is much lower at $229,123.

1. Where should I live in Nova Scotia?

Cities in Nova Scotia are ideal for those who seek pastoral beauty and a quiet life. The following are some of the best cities to live in the province:

  • Halifax: This is the capital city of Nova Scotia and, with a population of 431,479 people, it’s also the largest. Halifax is considered to be the economic center of Atlantic Canada and it boasts an average household income of $90,134, which is higher than the national average. Whether you are a young professional or a family, there is aneighbourhood for you in Halifax!
  • Cape Breton: This city is located on an island of its own, disconnected from mainland Canada. It has a population of 94,000 and it also happens to be a strong economic hub.
Cost of living in Nova Scotia – Canada – Odin Land (1)
  • Truro: Popularly known as the “Hub of Nova Scotia”, this small city of 12,500 residents is located close to Halifax. As such, you can live here if you want the peace and quiet of a small town while still being close to the major city.
  • Lunenburg: This little town is one of Nova-Scotia’s five UNESCO World Heritage Sites. The landscape of this town is dotted with pastel-colored houses built in the 18th century, set against the backdrop of large dramatic hills.
  • Baddeck: Baddeck is a quaint little lakeside town of just about 1,000 residents. It’s a popular stopover point for people taking up the Cabot Trail highway. If you want to settle in a pretty little lakeside town, this is your best bet.

See more Immigration program in Nova Scotia, Canada

Average wages in Nova Scotia

As of April 1, 2019,the minimum wage is $11.55 per hour for experienced employeesand $11.05 per hour for inexperienced employees (i.e. less than three months employed in the type of work they are hired to do).

Cost of living in Nova Scotia – Canada – Odin Land (2)

2. Cost of living in Nova Scotia

This is a province where cost of living is relatively low, even in Halifax, the capital. Smaller cities like Sydney or Dartmouth are even cheaper. Read more: Overview of Nova Scotia’s economy

Cost of living in Nova Scotia – Canada – Odin Land (3)

* Cost of living in Halifax

./. Rent prices

According to theCMHC, a bachelor apartment is $812 per month and a one-bedroom apartment is $904 per month…. Which may be a very low estimate, since forPadMapper, a bachelor apartment is $1150 per month, a one-bedroom apartment is $1400 per month and a two-bedroom apartment is $1525 per month.

Cost of living in Nova Scotia – Canada – Odin Land (4)There’s Halifax peninsula and Halifax mainland—living on the peninsula, closer to the downtown core, is more expensive than living south of the city, on the mainland. Within the peninsula, the North End is cheaper than neighbourhoods on the south side. On the mainland, it’s the opposite.

Dartmouth, a ferry ride across Halifax, is cheaper. A bachelor apartment is about $594 per month and a one-bedroom apartment is around $755 per month.

./. Public transportation

Halifax Transit operates the bus and ferry services:

  • Single trip, cash fare: $2.75 (exact fare only)
  • 10 single trips: $24.70
  • Monthly pass: $82.50

For more information, check Fares, tickets and passes at halifax.ca

./. Entertainment

  • Restaurants: a meal and a non-alcoholic drink sets you back $18 (plus tax and tip). Fancier restaurants are around $60-$80.
  • Bars: a beer is $6 and your favourite co*cktail $9-$12
  • Movie theatre: a ticket is $13
  • Cigarettes: $14 for a pack of 20

Cost of living in Nova Scotia – Canada – Odin Land (5)./. Food

Food prices are generally slightly higher than in most Canadian cities—expect to pay more for produce, meat, fish, dairy products and eggs.

./. Summary about cost of living inHalifax:

Statistic from: numbeo.com

  • Four-person family monthly costs:73,766,400.78₫(4,286.87C$)without rent (usingour estimator).
  • A single person monthly costs:20,601,114.71₫(1,197.22C$)without rent.
  • Cost of living index inHalifaxis82.17%higherthan inHanoi.
  • Rent inHalifaxis, on average,150.16%higherthan inHanoi.
  • Cost of living rank134thout of 498 cities in the world.
  • Halifax has acost of living indexof69.77

Read more about Canada news here

Read more about Frequently asked questions about Nova Scotia Nominee Program

Cost of living in Nova Scotia – Canada – Odin Land (2024)

FAQs

How much money do you need to live comfortably in Nova Scotia? ›

Estimated Monthly Costs for Living a Comfortable Life in Nova Scotia
How much do you think a person needs per month to afford to live comfortably in Nova Scotia?
MaximumMedian
How much a person needs per month approximately?$10,000$2,000

How much is an acre of land in Nova Scotia? ›

Related table(s) with other frequencies:
GeographyFarm land and buildings2021
Newfoundland and Labrador (map)Value per acre7,497
Prince Edward Island (map)Value per acre4,664
Nova Scotia (map)Value per acre3,313
New Brunswick (map)Value per acre3,432
10 more rows

What's the average cost of a home in Nova Scotia? ›

The average price of homes sold in August 2024 was $435,701, an increase of 4.7% from August 2023. The more comprehensive year-to-date average price was $450,532, a moderate gain of 5.2% from the first eight months of 2023.

Is Nova Scotia an expensive place to live? ›

Answer: The average cost of living in Nova Scotia, including rent for one person, is approximately CAD 2860 per month. Due to this, it is one of the most affordable provinces in Canada.

What is the average rent in Nova Scotia? ›

Average listed rent by province and unit type, October 2023

This data includes apartment and condo listings. A bar chart shows that Nova Scotia had an average listed rent of $2,097 in October 2023.

Is $100,000 a good Salary in Nova Scotia? ›

Top Salary in Nova Scotia. $42,500 is the 25th percentile. Salaries below this are outliers. $100,000 is the 75th percentile.

Where is the cheapest land to buy in Canada? ›

The Province with the cheapest land is Saskatchewan ($1,595 per acre), followed by Manitoba ($2,269) and Nova Scotia ($2,332). Land prices and related data from 1990 to 2020, attached at the end of the report.

Is it worth buying land in Nova Scotia? ›

Nova Scotia has breathtaking scenery and beautiful coastlines. Remember comparing land values with the Prairie provinces earlier? Consider that in Nova Scotia you can find cheap land that has ocean views, mountain trails, streams, forests, or access to one of thousands of beautiful lakes.

Can foreigners buy land in Nova Scotia? ›

Every person, whether they are resident in the country or abroad, and every company, home or foreign, is allowed to acquire real estate, including islands, in general in Canada and in particular in Nova Scotia.

Is it worth it to move to Nova Scotia? ›

Nova Scotia is Canada's hidden gem on the Atlantic. With its rugged coastlines, rich culture, and vibrant communities, it is more than just a destination; it's a lifestyle. Moving to this province is not just a change of scenery, but a transformative life choice.

Is Nova Scotia a good place to retire to? ›

Halifax, Nova Scotia

This coastal city is known for breathtaking natural scenery and a welcoming and friendly community. With a diverse population and plenty of amenities including top healthcare facilities, and music and theatre venues, Halifax is one of the most popular retirement destinations in the Maritimes.

How much is a house in Canada in US dollars? ›

Canada's Average Home Price: $487,540

According to WOWA, the average price of a home in Canada in November was CA$646,134, which is $487,540 in U.S. dollars. “Homes in Canada appear to be about 19% more expensive, after the currency conversion,” Hodgson said.

How much money do you need to make to live comfortably in Nova Scotia? ›

Nova Scotia's regional living wage rates for 2023 are: $25.40 for Annapolis Valley, • $22.85 for Cape Breton, • $26.50 for Halifax, • $24.30 for Northern, and • $25.05 for Southern.

Can US citizens live in Nova Scotia? ›

Moving to Nova Scotia from outside Canada

People moving to Nova Scotia from outside the country, who hold a Work Permit or Employment Contract that is valid for a minimum of 12 months upon their arrival, are eligible to apply for MSI when they arrive in Nova Scotia, provided they have signed a declaration of residency.

What is the top 1 income in Nova Scotia? ›

In Canada, those reporting total income (including capital gains) over $327,700 in 2021 represented the top 1 per cent of taxfilers. In Nova Scotia, there are fewer individuals with higher incomes and the threshold of the top 1 per cent was $244,800.

How much money do I need to retire Nova Scotia? ›

How much do I need to retire? How much you need in retirement will depend on how your income and expenses change when you retire. As a general rule, you'll want to aim for at least 70-80% of your pre-retirement income for each year of your retirement.

Is Nova Scotia a good place for an American to retire? ›

Halifax, Nova Scotia

Halifax seniors can keep active in the area's many parks and take advantage of the local coastline for biking or water-related activities. Its popularity among retirees means a thriving social setting for seniors looking for ways to connect with other retirees.

Is 60000 a good salary in Nova Scotia? ›

Average Salary in Halifax

A person making $60,000 a year in Halifax makes 13.4% more than the average working person in Halifax and will take home about $43,610.

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