Lake of Bays, Ontario Cost Of Living

D-

0%

Overall NAT. AVG.

8%

Goods & Services NAT. AVG.

20%

Housing NAT. AVG.

Search Homes for Sale

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	Lake of Bays	Ontario	National
Cost of living	100	111	100
Goods & Services	108	107	100
Groceries	100	101	100
Health care	103	103	100
Housing	80	120	100
Transportation	107	104	100
Utilities	130	119	100

Cost Of Living Quick Facts

The cost of living in Lake of Bays is 10% lower than the Ontario average
The cost of living in Lake of Bays is equal to the national average
Lake of Bays housing is 20% lower than the national average
Ontario general sales tax is 33% higher than the national average
Ontario state income tax is 40% lower than the national average

Most Affordable Places to Live in and Around Lake of Bays

See all the best places to live around Lake of Bays

Compare Lake of Bays, ON Cost of Living

Write a review to give others more information about this area.

See all Lake of Bays poll results

Salary Calculator

This is how much you would need to earn in

Price difference in compared to

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

Ontario Sales Tax

State	General Sales Tax	With Max Surtax
Ontario	8%	13%

Ontario Income Tax

State	Income Tax (Low)	Income Tax (High)
Ontario	5.05%	13.16%

Goods & Services

Item	Lake of Bays	National avg.	Difference
Personal Care	$102.00	$94.33	8.1%
Recreation	$99.00	$102.33	3.3%

Groceries

Item	Lake of Bays	National avg.	Difference
Meat, Poultry and Fish	$99.00	$102.27	3.2%
Dairy Products and Eggs	$101.00	$104.67	3.5%
Bakery and Cereal Products	$97.00	$111.67	13.1%
Fruit and Vegetables	$98.00	$113.40	13.6%
Alcoholic Beverages	$102.00	$105.80	3.6%

Health Care

Item	Lake of Bays	National avg.	Difference
Doctor	$104.00	$101.07	2.9%

Housing

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

Transportation

Item	Lake of Bays	National avg.	Difference
Gasoline	$99.00	$102.07	3.0%

Utilities

Item	Lake of Bays	National avg.	Difference
All Electricity	$106.00	$98.60	7.5%

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.
Perry, ON	2,638	89	10.9%
Huntsville, ON	22,073	91	8.6%
Lake of Bays, ON	3,549	100	0.4%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Osage, IA	3,549	n/a
Calcium, NY	3,548	n/a
State Line, PA	3,548	n/a
Forty Mile County No. 8, AB	3,548	83	17.1%
Piedmont, MO	3,550	n/a
Lake of Bays, ON	3,549	100	0.4%

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