Inuvik, Northwest Territories Cost Of Living

A+

12%

Overall NAT. AVG.

7%

Goods & Services NAT. AVG.

61%

Housing NAT. AVG.

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Date & Last Updated: This data reflects 2020 and was released from Statistics Canada.

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Inuvik	Northwest Territories	National
Cost of living	88	107	100
Goods & Services	107	101	100
Groceries	112	113	100
Health care	96	104	100
Housing	39	71	100
Transportation	95	101	100
Utilities	126	226	100

Cost Of Living Quick Facts

The cost of living in Inuvik is 18% lower than the Northwest Territories average
The cost of living in Inuvik is 12% lower than the national average
Inuvik housing is 61% lower than the national average
Northwest Territories general sales tax is 100% lower than the national average
Northwest Territories state income tax is 30% lower than the national average

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Northwest Territories Sales Tax

State	General Sales Tax	With Max Surtax
Northwest Territories	0%	5%

Northwest Territories Income Tax

State	Income Tax (Low)	Income Tax (High)
Northwest Territories	5.9%	14.05%

Goods & Services

Item	Inuvik	National avg.	Difference
Personal Care	$92.00	$94.33	2.5%
Recreation	$107.00	$102.33	4.6%

Groceries

Item	Inuvik	National avg.	Difference
Meat, Poultry and Fish	$107.00	$102.27	4.6%
Dairy Products and Eggs	$106.00	$104.67	1.3%
Bakery and Cereal Products	$114.00	$111.67	2.1%
Fruit and Vegetables	$129.00	$113.40	13.8%
Alcoholic Beverages	$99.00	$105.80	6.4%

Health Care

Item	Inuvik	National avg.	Difference
Doctor	$101.00	$101.07	0.1%

Housing

Item	Inuvik	National avg.	Difference
Home Price ($)	$n/a	$659,395.00	100.0%
Apartment Rent ($)	$n/a	$2,146.00	100.0%

Transportation

Item	Inuvik	National avg.	Difference
Gasoline	$120.00	$102.07	17.6%

Utilities

Item	Inuvik	National avg.	Difference
All Electricity	$93.00	$98.60	5.7%

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Inuvik, NT	3,284	88	12.5%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Ellsworth, WI	3,284	n/a
Kotzebue, AK	3,283	n/a
Elkins, AR	3,283	n/a
Chandler, OK	3,283	n/a
Lake Cherokee, TX	3,283	n/a
Inuvik, NT	3,284	88	12.5%

Date & Last Updated: This data reflects 2020 and was released from Statistics Canada.