Lot 40, Prince Edward Island Cost Of Living

A+

18%

Overall NAT. AVG.

6%

Goods & Services NAT. AVG.

78%

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	Lot 40	Prince Edward Island	National
Cost of living	82	89	100
Goods & Services	106	106	100
Groceries	103	103	100
Health care	92	92	100
Housing	22	45	100
Transportation	91	91	100
Utilities	141	141	100

Cost Of Living Quick Facts

The cost of living in Lot 40 is 9% lower than the Prince Edward Island average
The cost of living in Lot 40 is 18% lower than the national average
Lot 40 housing is 78% lower than the national average
Prince Edward Island general sales tax is 67% higher than the national average
Prince Edward Island state income tax is 16% higher than the national average

Most Affordable Places to Live in and Around Lot 40

See all the best places to live around Lot 40

Compare Lot 40, PE Cost of Living

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

See all Lot 40 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

Prince Edward Island Sales Tax

State	General Sales Tax	With Max Surtax
Prince Edward Island	10%	15%

Prince Edward Island Income Tax

State	Income Tax (Low)	Income Tax (High)
Prince Edward Island	9.8%	16.7%

Goods & Services

Item	Lot 40	National avg.	Difference
Personal Care	$87.00	$94.33	7.8%
Recreation	$104.00	$102.33	1.6%

Groceries

Item	Lot 40	National avg.	Difference
Meat, Poultry and Fish	$96.00	$102.27	6.1%
Dairy Products and Eggs	$104.00	$104.67	0.6%
Bakery and Cereal Products	$109.00	$111.67	2.4%
Fruit and Vegetables	$107.00	$113.40	5.6%
Alcoholic Beverages	$107.00	$105.80	1.1%

Health Care

Item	Lot 40	National avg.	Difference
Doctor	$97.00	$101.07	4.0%

Housing

Item	Lot 40	National avg.	Difference
Home Price ($)	$n/a	$659,395.00	100.0%
Apartment Rent ($)	$n/a	$2,146.00	100.0%

Transportation

Item	Lot 40	National avg.	Difference
Gasoline	$96.00	$102.07	5.9%

Utilities

Item	Lot 40	National avg.	Difference
All Electricity	$95.00	$98.60	3.7%

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.
Morell 2, PE	24	108	7.5%
Lot 66, PE	232	80	20.1%
Georgetown, PE	565	80	19.7%
Mount Stewart, PE	235	80	19.6%
Lot 54, PE	312	81	19.1%
Lot 40, PE	462	82	18.2%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
West Jefferson, AL	462	n/a
Grimes, CA	462	n/a
Coaldale, CO	462	n/a
Deer Trail, CO	462	n/a
Smithville, GA	462	n/a
Lot 40, PE	462	82	18.2%

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