Living in Surrey, British Columbia, can be an attractive option for those looking to save money without sacrificing their quality of life. With its proximity to Vancouver and a variety of wineries, parks and recreation facilities, Surrey offers plenty of amenities for its residents. Plus, the cost of living is relatively moderate compared to other parts of Canada. From rent and utilities to groceries and transportation costs, you’ll find plenty of ways to make your money go further while still enjoying a comfortable lifestyle!
Renting In Surrey BC: Average Monthly Cost
Living in Surrey, British Columbia, can be an affordable option for those searching for a comfortable home. Whether you’re looking for a one-bedroom or three-bedroom apartment, there is plenty of options depending on your budget and location.
For one-bedroom apartments, the price range within the city centre is between 1,450.00 to 2,250.00 C$; outside of the city centre, the range varies from 1,100.00 to 1,800.00 C$.
For three-bedroom apartments in the city centre, the cost varies between 2,750 to 3,600 C$; outside of the centre, it costs an average of 2,350.00 C$.
No matter where you rent in Surrey, BC, you can rest assured that you will get good value at an affordable price!
Utilities Surrey Cost
Surrey, BC, Utilities are some of the most affordable in Canada. Regardless of the size of your apartment – whether it’s an 85m2 apartment or more – you can expect to pay only 226.78 C$ for essential utilities such as electricity, heating, cooling, water, and garbage.
The cost for 1 minute of prepaid mobile tariff is 0.37 C$ with no discounts or plans applied, which is considerably cheaper than in other cities around Canada.
For reliable internet service, you can find a plan that offers 60 Mbps or more unlimited data with cable/ADSL for just 96.88 C$ per month. This price is ideal for those who require fast speeds and minimal lag when streaming videos and playing online games.
Groceries In Surrey BC
The median household income is high for the average person, but be careful not to spend it all on the monthly costs for groceries.
Groceries in Surrey, BC, are relatively affordable and of good quality. Milk (1 litre) ranges from 1.32 to 4.50 C$, and the cost of a loaf of fresh white bread (500g) is around 2.66 C$.
Rice (white) (1kg) is priced between 2.00-10.00 C$, whereas eggs (12) range from 2.49 to 6.00 C$ and local cheese costs 15.33 C$ per kilo between 8-32.10C$. Chicken fillets (1 kg) come at 16.46 C$, with beef rounds costing an average of 16.57 C$ per kilo with variations up to 35 C$.
Fruits like apples, bananas, oranges and tomatoes vary between 1-8 C$/Kg; lettuce, potatoes, onions and water can be bought reasonably, ranging between 0.77-4C$.
Of course, if you’re a single person on minimum wage, grocery costs can be kept to a minimum by planning your meals and cooking in batches through the week.
Transportation In Surrey BC
Transportation in Surrey, BC, is quite affordable. Here is a summary of the various costs:
One-way Ticket (Local Transport): 3.05 C$ – 2.50-5.00
Monthly Pass (Regular Price): 129.50 C$ – 100.25-183.00
Taxi Start (Normal Tariff): 3.35 C$ – 3.30-3.50
Taxi 1 km (Normal Tariff): 1.96 C$ – 1.84-3.40
Taxi 1 hour Waiting (Normal Tariff): 38 C$ – 30-75
Gasoline (1 litre): 2.06 C$ – 1.62-2.33
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car): 25000 C$ – 25000-27000
Toyota Corolla Sedan 1 – 24,800.00 C$
Average Salary in Surrey BC
With an average monthly net salary of $5,127.64 and a mortgage interest rate of 5.28% per year for 20 years, Surrey has become an increasingly attractive place to live and work. With a GDP per capita of $49,031 and an annual growth rate of 1.66%, the city offers unprecedented job opportunities in a variety of industries as well as financial stability.
The population growth rate currently stands at 0.77%, making now an ideal time to purchase or rent property in Surrey before demand outpaces supply. Due to its budget-friendly prices, it’s not difficult to find a suitable home within your price range – and with such low-interest rates on mortgages here, this is sure to be a lucrative investment made today!
From salaries to financing options, Surrey provides those looking for employment or wanting to break free from the 9-to-5 grind with numerous resources and opportunities to succeed financially while enjoying all the benefits this beautiful city has to offer.
Quality of Life In Surrey BC
Living in Surrey, BC is not only affordable but also enjoyable. The city offers its residents a strong quality of life with an abundance of activities and amenities that make it one of the most sought-after places to live in Canada.
Surrey has a thriving arts culture with numerous galleries, theatres, and music venues. Multiple parks and recreational facilities include some of the region’s best golf courses. The city is home to many popular festivals throughout the year, from food events to cultural celebrations. Residents can take advantage of a great public transit system to get around town or explore nearby cities and towns.
Surrey, BC, also offers plenty of family-friendly activities, from amusement parks and waterparks to sports complexes. The city is home to a vibrant shopping district with numerous boutique stores, large malls, and plenty of restaurant options for every budget.
Invest or Rent to Suit Your Needs
Surrey, BC, is a thriving city with plenty of amenities and features to attract people of all ages and backgrounds. Its position within the Greater Vancouver Area makes it an ideal location for those who want access to urban comforts while still enjoying the beauty of nature.
Budget-friendly homes in Surrey, BC, are becoming increasingly popular for those looking to invest in or rent a property. With a price-to-income ratio of 9.62, a mortgage as a percentage of the income of 77.97%, and a loan affordability index of 1.28, real estate in Surrey is an attractive prospect for anyone with money saved for a down payment.
The median price-to-rent ratio in the city centre is 32.06, and outside of the centre, 25.68, making renting a viable option, depending on what you need from your living situation. In both cases, the gross rental yield remains relatively high at 3.12% in the city centre, and 3.89% outside of the centre, respectively, meaning investing in a rental property could also be beneficial long-term.
Overall, the cost of living in Surrey provides budget-friendly options whether you’re looking to buy or rent your next home – making it an ideal destination if you’re looking for quality and affordability all, rolled into one!
Finding Quality and Affordability In Surrey, BC
Surrey, BC, is a great place to live, work and play. It’s conveniently located just south of Vancouver and offers an array of diverse amenities, including beaches, parks, trails, shopping centres, restaurants and more. The city is also home to the world-famous Pacific National Exhibition (PNE), which hosts numerous events throughout the year.
Not only is Surrey, BC, full of things to do and places to explore, but it also boasts a competitive cost of living. According to Numbeo, a global database for the cost of living comparisons, the overall average cost of living in Surrey, BC, is lower than in the US and other Canadian cities like Toronto and Montreal. In addition, housing costs in Surrey, BC, are very reasonable, with a medium single-family home costing around CAD 924,400. Furthermore, transportation and utilities such as electricity and water are very competitively priced.
Living in Surrey, BC benefits those looking for job opportunities. The city is considered an economic hub of the lower mainland – boasting numerous corporate offices, universities, colleges and hospitals. As such, there are many employment opportunities in a variety of industries.
Finally, Surrey, BC, has no shortage of things to do and places to explore. You can enjoy the outdoors by taking advantage of the numerous hiking trails, beaches or parks scattered throughout the city. Additionally, Surrey, BC, is home to many cultural events, festivals and activities throughout the year. So whether you’re looking for a place to live, work or play – Surrey, BC, is the perfect destination!
Hire Professional Movers
If you’re planning a move to Surrey BC, Quick & Easy Moving Services can help make the transition easy and stress-free. With years of experience in the moving industry, Quick & Easy Moving Services offers comprehensive services for residential and commercial moves. Whether you need assistance with packing, loading, unloading or transporting your possessions to your new home, Quick & Easy Moving Services has the tools and expertise to make sure your move is successful.
We will assess the size of your move, provide a detailed quote and help you arrange the most cost-effective moving plan. Contact Quick & Easy Moving for a free survey and no-obligation quote. Our expert moving crew will use their experience to provide you with the best service possible.
Surrey, BC, is an attractive place to live for young professionals and families due to its affordability, variety of amenities, and proximity to the metropolitan city of Vancouver. Living in Surrey requires a budget that considers the cost of housing, transportation, taxes, healthcare, education expenses and more.
With careful planning and budgeting, it is possible to achieve a comfortable standard of living in this beautiful city. Ultimately, Surrey is an excellent choice for those looking for a safe place to live and raise their family – without sacrificing too much on their quality of life. With the right approach, it is possible to enjoy the best that Surrey offers at an affordable price.