For those leaving the hustle and bustle of a city, life in a rural area can be idyllic. In terms of country living, New Brunswick is among the top places to live.
The cost of living is lower than some other provinces, which means residents have more money left over at the end of the month for their savings account or retirement plan.
Buying a home is another way to save money. Looking at housing markets across the country based on affordability, and once again New Brunswick was found to be a very low-cost province for home ownership.
Looking at three housing markets: two large metropolitan areas, including Fredericton and Saint John, and one rural town – Woodstock – that best represent the province. The combination of a strong economy, an affordable housing market, job growth and low unemployment has created the ideal conditions for homeownership.
Let’s take a look at the cheapest places to live in New Brunswick.
Moncton
By most standards, Moncton is the most affordable city in New Brunswick.
It was also recently ranked among the best places to live in Atlantic Canada.
Moncton is a thriving city in southeastern New Brunswick, with a population of around 72,000.
It is a popular destination for young professionals, families, and retirees, thanks to its affordable housing, low cost of living, and high quality of life.
The average rent for a one-bedroom apartment in Moncton is around $750 per month, which is significantly lower than the national average.
What is the Price Range for a 1-bedroom Apartment in Moncton, NB?
The price range for a 1-bedroom apartment in Moncton, NB is between $1,000 and $1,400. While still affordable, Moncton is quickly losing affordability, similar to the rest of the country.
There are definitely apartments available for under this price range, though they are becoming harder to find.
If you’re planning in moving to Moncton, check out our guide on finding some reliable moving companies in Moncton. This will be able to help smooth out an otherwise stressful process for you.
You can also check out our post on jobs in Moncton if you’re planning on moving here and looking for employment.
Sackville
Sackville is known as Canada’s university town.
People looking for a place to live with a lower cost of living will find what they are looking for in Sackville, where the average rent on a one-bedroom apartment is $712.
The average sale price for a single family home comes in at $218,986 and the monthly cost of groceries (including meat and dairy products) is $443.
Fredericton
Fredericton, the capital city of New Brunswick, is known for its strong economy and high quality of life. One of the city’s standout features is its high average household income, which is currently around $72,064 per year.
This is one of the highest average incomes in the province and is a testament to the city’s thriving economy and job market.
In addition to its strong economy, Fredericton also has the lowest unemployment rate in New Brunswick. This means that residents of the city have a good chance of finding stable and well-paying employment opportunities, which can contribute to a higher quality of life overall.
Fredericton is an affordable place to live compared to many other Canadian cities. The average price for a single-family home in the city is around $288,621, which is significantly lower than the national average. The average cost of a one-bedroom apartment in Fredericton is around $700 per month, which is also relatively affordable compared to other cities.
Shediac
Shediac is a tidal-based community located on the south shore of the Saint John River.
Shediac offers a low cost of living compared to many other towns and cities in New Brunswick. The town has a range of affordable housing options, from apartments to townhouses to single-family homes. The average rent for a one-bedroom apartment in Shediac is around $700 per month, which is lower than the national average.
In addition to affordable housing, Shediac offers a range of affordable amenities and services. Groceries, healthcare, and transportation costs are all relatively low, making it easy to live comfortably on a budget.
There are also plenty of things to do in Shediac to keep you entertained.
Miramichi
Miramichi is another affordable place to live in New Brunswick. It shouldn’t come as a surprise that Miramichi is a good place to live.
Miramichi is a small city in northeastern New Brunswick, with a population of around 17,000.
The city’s affordable housing market is a standout feature, with the average rent for a one-bedroom apartment being around $600 per month. This is significantly lower than other Canadian cities, making it an ideal destination for those looking to save money and invest in their future.
With its friendly community, natural beauty, and affordable lifestyle, Miramichi is an excellent choice for anyone seeking an affordable and high-quality living experience in New Brunswick.
Saint John
Saint John is one of the best places in the province to live if you are in the market for a home.
It’s also one of the best places to visit in New Brunswick, which is something you’ll want to do if you’re planning on living here.
The affordable cost of living in Saint John is also a major draw for people.
The average rent for a one-bedroom apartment is around $800 per month, which is lower than the national average. In addition to affordable housing, the cost of food, transportation, and entertainment is also relatively low in Saint John.
Check out our post on things to do in Saint John if you’re planning on moving here as well.
Woodstock
Woodstock, a small town in western New Brunswick, is known for its affordable cost of living, charming downtown area, and friendly community.
With an average rent of around $500 per month for a one-bedroom apartment, Woodstock is one of the cheapest places to live in New Brunswick, making it an ideal destination for those looking to save money and invest in their future.
Despite its low cost of living, Woodstock offers a range of amenities and services that make it an ideal place to live, work, and raise a family. The town has a thriving downtown area with a variety of shops, restaurants, and cultural attractions.
It is also home to several parks and recreational facilities, including the Connell Memorial Park, which is a popular spot for outdoor activities.
With its affordable cost of living, friendly community, and range of amenities and services, Woodstock is an excellent choice for anyone seeking an affordable and high-quality living experience in New Brunswick.
Campbellton
Campbellton is a small city located in northern New Brunswick, with a population of around 6,800. The city is known for its natural beauty, outdoor activities, and friendly community. One of the city’s most appealing features is its affordability, as it is one of the most affordable places to live in New Brunswick.
The average rent for a one-bedroom apartment in Campbellton is around $500 per month, making it an ideal destination for those looking to save money and invest in their future.
Even with its low cost of living, Campbellton offers a range of amenities and services, including several parks and recreational facilities, making it an ideal place for outdoor enthusiasts. In addition, the city has a range of healthcare and education services, making it an ideal destination for families with children.
Overall, Campbellton is an excellent choice for anyone seeking an affordable and high-quality living experience in New Brunswick. With its natural beauty, outdoor activities, friendly community, and range of amenities and services, it’s easy to see why so many people choose to call this city home.
Reasons Why You Should Move to New Brunswick
- New Brunswick is one of the most affordable places to live in Canada.
- The cost of living in New Brunswick is lower than other provinces.
- There is a good selection of housing and home prices are more reasonable than they are in many other places in Canada.
- New Brunswick has a diverse and growing economy, creating opportunities for workers.
- The unemployment rate in this province is among the lowest across Canada.
Why are houses so cheap in New Brunswick?
There are several reasons why houses are generally cheaper in New Brunswick compared to other parts of Canada.
Lower demand
New Brunswick has a smaller population and lower immigration rates compared to other parts of Canada. This means that there is generally less demand for housing in the province, which can help keep prices lower.
Aging population
New Brunswick has one of the oldest populations in Canada, with a higher proportion of seniors compared to other provinces. This can lead to a lower demand for housing among younger demographics, which can contribute to lower prices.
Economic conditions
New Brunswick has faced economic challenges in recent years, including a declining population and a high unemployment rate. This can lead to lower demand for housing and contribute to lower prices.
Rural areas
New Brunswick has a significant amount of rural land, which tends to have lower property values compared to urban areas. This can help keep overall housing prices lower in the province.
Overall, a combination of lower demand, an aging population, economic conditions, and a significant amount of rural land can help explain why houses are generally cheaper in New Brunswick compared to other parts of Canada. However, it’s worth noting that housing prices can still vary widely within the province, depending on factors such as location, age, and size of the property.
FAQ
Is New Brunswick cheap to live?
New Brunswick is one of the most affordable provinces in Canada. The cost of living in New Brunswick is significantly lower than other provinces, especially those in Western Canada. Housing costs are particularly low in New Brunswick, with both rent and home prices being affordable.
Overall, New Brunswick offers a high quality of life at an affordable cost, making it an ideal destination for anyone looking to stretch their budget and invest in their future.
How much does it cost to live in New Brunswick?
The cost of living in New Brunswick varies depending on the location, but generally, it is much lower than other parts of Canada. Housing costs, in particular, are significantly lower in New Brunswick than in other provinces. For example, the average cost of a one-bedroom apartment in Saint John is around $800 per month, while the average cost of a one-bedroom apartment in Toronto is around $2,200 per month.
Other costs, such as groceries, healthcare, and transportation, are also relatively affordable in New Brunswick. Overall, the cost of living in New Brunswick is significantly lower than other Canadian provinces.
Where’s the best place to live in New Brunswick?
The best place to live in New Brunswick depends on individual preferences and needs. Saint John, Fredericton, and Moncton are popular destinations due to their affordable cost of living, thriving economies, and cultural attractions. However, smaller towns such as Woodstock, Shediac, and Miramichi also offer a high quality of life at an affordable cost, with a more laid-back lifestyle and natural beauty.
Ultimately, the best place to live in New Brunswick depends on individual priorities, such as access to job opportunities, outdoor activities, community services, and cultural amenities.
Which Canadian city has the lowest cost of living?
While New Brunswick offers affordable living compared to other provinces, the city with the lowest cost of living in Canada is Windsor, Ontario. The cost of living in Windsor is significantly lower than other cities, with affordable housing, healthcare, and transportation costs. The average cost of a one-bedroom apartment in Windsor is around $950 per month, compared to the national average of $1,200 per month.
Windsor also has a thriving job market, particularly in the automotive industry, and a variety of cultural attractions, making it an attractive destination for people seeking affordable living in Canada.
Enjoying the Low Cost of Living in New Brunswick
New Brunswick is a province in Canada that offers a high quality of life at an affordable cost. From the charming small towns to the bustling cities, there are many affordable places to live in New Brunswick. Whether you’re a student, young professional, or retiree, there is a community that can meet your needs and budget.
From the natural beauty of Campbellton to the vibrant culture of Saint John, each place has its own unique charm and appeal. Despite their differences, they all offer a low cost of living, making it possible for residents to live comfortably and invest in their future.
Whether you’re looking for a friendly community, outdoor activities, or a strong job market, New Brunswick has something to offer. The cheapest places to live in the province are also some of the most welcoming and picturesque, making it an ideal place to call home.
