How much does it cost to live in Vancouver?

Typical monthly costs in Vancouver are approximately C$2,600 in rent and C$1,900 in other expenses, totalling around C$4,500/month.

How much should I save in Vancouver?

Based on Statistics Canada SHS 2023, people at mid-range incomes in Canada typically save 12–20% of gross income. In a very high cost city like Vancouver, housing costs can reduce this, particularly for renters.

Vancouver · CAD · very high cost city

Cost of living in Vancouver — is your salary enough?

Vancouver median rent is C$2,600/month, the highest in Canada by some measures. Vancouver earners consistently report difficulty saving even at high income levels due to combined housing and living costs.

Rent in Vancouver

BudgetC$2,000 – C$2,350/mo

TypicalC$2,600 – C$3,000/mo

PremiumC$3,400+/mo

Other monthly costs

Food, transport, bills, going out~C$1,900/mo

Total typical monthly spend~C$4,500/mo

How different incomes stack up

At typical Vancouver costs (C$2,600 rent)

C$40,000 – C$55,000→ saving -47.6%

Critical

C$55,000 – C$75,000→ saving -20.4%

Critical

C$75,000 – C$105,000→ saving 13%

On Track

See your personal verdict for Vancouver

Country

Annual income (gross)C$65,000

C$15,000C$232,500C$450,000+

Monthly rent or mortgageC$2,600/mo

C$0C$4,000C$8,000+

Other monthly expenses

Food, transport, subscriptions, going out — everything except rent

C$1,750/mo

C$0C$3,750C$7,500+

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Cost figures are estimates based on reported median rents and typical spending patterns. Savings benchmarks from Statistics Canada SHS 2023. Figures in CAD.

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Also in the Verdict suite

SalaryVerdict — Is your Vancouver salary competitive?SpendVerdict — Is your Vancouver rent too high?