Invermere, British Columbia Cost Of Living

B

9%

Overall NAT. AVG.

6%

Goods & Services NAT. AVG.

38%

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	Invermere	British Columbia	National
Cost of living	91	123	100
Goods & Services	106	110	100
Groceries	100	102	100
Health care	103	102	100
Housing	62	170	100
Transportation	95	102	100
Utilities	112	103	100

Cost Of Living Quick Facts

The cost of living in Invermere is 26% lower than the British Columbia average
The cost of living in Invermere is 9% lower than the national average
Invermere housing is 38% lower than the national average
British Columbia general sales tax is 17% higher than the national average
British Columbia state income tax is 40% 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

British Columbia Sales Tax

State	General Sales Tax	With Max Surtax
British Columbia	7%	12%

British Columbia Income Tax

State	Income Tax (Low)	Income Tax (High)
British Columbia	5.06%	16.8%

Goods & Services

Item	Invermere	National avg.	Difference
Personal Care	$103.00	$94.33	9.2%
Recreation	$105.00	$102.33	2.6%

Groceries

Item	Invermere	National avg.	Difference
Meat, Poultry and Fish	$103.00	$102.27	0.7%
Dairy Products and Eggs	$102.00	$104.67	2.5%
Bakery and Cereal Products	$99.00	$111.67	11.3%
Fruit and Vegetables	$104.00	$113.40	8.3%
Alcoholic Beverages	$101.00	$105.80	4.5%

Health Care

Item	Invermere	National avg.	Difference
Doctor	$103.00	$101.07	1.9%

Housing

Item	Invermere	National avg.	Difference
Home Price ($)	$n/a	$659,395.00	100.0%
Apartment Rent ($)	$752.00	$2,146.00	65.0%

Transportation

Item	Invermere	National avg.	Difference
Gasoline	$85.00	$102.07	16.7%

Utilities

Item	Invermere	National avg.	Difference
All Electricity	$103.00	$98.60	4.5%

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.
Radium Hot Springs, BC	792	88	11.6%
Shuswap, BC	352	92	7.7%
Columbia Lake 3, BC	150	95	5.1%
East Kootenay F, BC	2,973	96	4.4%
Invermere, BC	3,810	91	8.6%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Lambertville, NJ	3,809	n/a
Warwick, ON	3,811	90	10.3%
Bordentown, NJ	3,808	n/a
Manhasset Hills, NY	3,808	n/a
Dundas, NB	3,812	83	17.2%
Invermere, BC	3,810	91	8.6%

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