Cost of living

Cost of living in Halifax

Average rent and household spending in Halifax — and a quick check of whether your rent is reasonable for your income.

Average rent in Halifax

CMHC, apartment structures of three units and over.

Bachelor$1,362/mo
1 bedroom$1,539/mo
2 bedroom$1,828/mo
3 bedroom$2,254/mo

Is your rent reasonable?

Check your rent in Halifax

Optional — to check the 30% affordability guideline.

That's about average for Halifax ($1,828).

City comparison

How Halifax compares

A one-bedroom in Halifax averages $1,539 a month, the 8th most expensive of the 18 cities we track and $132 above the 18-city average of $1,407.

Keeping rent under the 30% guideline takes a gross income of about $61,560 a year for a one-bedroom here, and about $73,120 for a two-bedroom.

The median individual income in Halifax is $47,320, so an average one-bedroom takes 39% of a median earner's gross income: house-poor.

Income percentiles in Halifax

Household spending in Nova Scotia

Average household, per year (Survey of Household Spending).

Living costs
$64,609
Shelter
$18,077
Total
$87,601

Educational information only — not financial advice. Rents are CMHC averages; actual options vary by neighbourhood and building.

What's next

Rent vs buyWhen buying beats renting.What home can you afford?The max price your income supports.Salary to buy a homeThe income a lender would require.