Island, Canada
Cost of living in Prince Edward Island
How much a month costs in Prince Edward Island
For one person, including rent. A comfortable month costs about $2,810–4,070 (C$4,000–5,800).
Prices in Prince Edward Island
Typical 2026 ranges in CAD, rounded. US$ at the 03 Oct 2026 exchange rate.
| Item | CAD | US$ |
|---|---|---|
| Housing | ||
| 1-bedroom apartment, center (month) | C$1,600–2,300 | $1,120–1,620 |
| 1-bedroom apartment, outside center (month) | C$1,200–1,800 | $843–1,260 |
| Mid-range hotel room (night) | C$180–350 | $126–246 |
| Food and drink | ||
| Local meal or street food | C$16–24 | $11.2–16.9 |
| Mid-range restaurant, per person | C$35–60 | $25–42 |
| Cappuccino | C$4–6 | $2.8–4.2 |
| Local beer, 0.5 l in a bar | C$7–11 | $4.9–7.7 |
| Getting around | ||
| Public transport, one ride | C$2 | $1.4 |
| Ride-hailing or taxi, about 5 km | C$12–20 | $8.4–14.0 |
| Work and life | ||
| Gym membership (month) | C$45–80 | $32–56 |
| Mobile data, 20–50 GB (month) | C$35–60 | $25–42 |
Value for money: 27/100
A value score of 27/100 means Prince Edward Island gives more quality of life per dollar than 26% of the 1,319 places we cover. Quality here scores 90/100. It's the 11th most affordable of 18 places we cover in Canada.
| Quality factor | Score |
|---|---|
| Safety | |
| Air quality | |
| Internet | |
| Healthcare | |
| Weather | |
| Friendly locals | |
| English |
Cost of living across Canada
One person, comfortable lifestyle, including rent.
| Place | Comfortable month | Value |
|---|---|---|
| Quebec City | $2,110–2,950 | 45/100 |
| Niagara Falls | $2,250–3,090 | 37/100 |
| Halifax | $2,320–3,160 | 37/100 |
| Montreal | $2,460–3,370 | 29/100 |
| Ottawa | $2,460–3,370 | 38/100 |
| Calgary | $2,460–3,370 | 31/100 |
| Victoria | $2,530–3,440 | 37/100 |
| Edmonton | $2,460–3,510 | 29/100 |
| Toronto | $2,950–3,860 | 20/100 |
| Kelowna | $2,810–4,070 | 19/100 |
| Prince Edward Island | $2,810–4,070 | 27/100 |
| Vancouver | $3,020–4,000 | 19/100 |
| Tofino | $3,090–4,210 | 22/100 |
| Jasper | $3,160–4,210 | 21/100 |
| Yellowknife | $3,160–4,560 | 9/100 |
| Banff | $3,370–4,560 | 15/100 |
| Whistler | $3,370–4,780 | 14/100 |
| Mont-Tremblant | $3,860–5,620 | 8/100 |
Cheaper alternatives to Prince Edward Island
Similar safety, lower cost, in North America.
| Place | Country | Comfortable month |
|---|---|---|
| Quebec City | Canada | $2,110–2,950 |
| Ottawa | Canada | $2,460–3,370 |
Quick answers
How much money do you need per month in Prince Edward Island?
About $1,760–2,320 on a lean budget, $2,810–4,070 for a comfortable month and $5,270–8,430 for a luxury one, rent included.
How much is rent in Prince Edward Island?
A furnished 1-bedroom apartment costs C$1,600–2,300 ($1,120–1,620) a month in the center and C$1,200–1,800 ($843–1,260) outside it.
How much does food cost in Prince Edward Island?
A local meal is C$16–24 ($11.2–16.9); a mid-range restaurant is C$35–60 ($25–42) per person.
Is Canada expensive?
Prices in Canada are about 83% of US price levels (World Bank PPP).
More about Prince Edward Island
- Cost of livingacross Canada
- Safetyin Prince Edward Island
- Weather & best timein Prince Edward Island
- Air qualityin Prince Edward Island
- Internet & coworkingin Prince Edward Island
- Getting aroundin Prince Edward Island
- Tap waterin Prince Edward Island
- LGBTQ+ friendlyin Prince Edward Island
- Healthcare & insurancein Prince Edward Island
- Solo travelin Prince Edward Island
Going to Prince Edward Island solo?
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Sources
- ExchangeRate-API open rates
- World Bank: PPP conversion factor
- Tourism PEI
- Charlottetown Airport ground transportation
- T3 Transit fares
- Confederation Bridge
Prices are SoloSquare estimates for 2026, reviewed against official and operator prices where available. Compiled and reviewed by SoloSquare. How we compile and score this. Spotted something out of date? Tell us.