Cost of Living in Burnaby
Detailed cost of living data — sourced from authoritative datasets and normalized for direct comparison.
Cost of Living in Burnaby, British Columbia
The cost of living in Burnaby is considered moderate, with a cost of living index of 69.46, which is 8% lower than the British Columbia average. However, it remains higher than the national average. Housing costs are a significant factor, with Burnaby consistently ranking among the cities with the highest rents in Canada. While rents for one-bedroom apartments saw a decline of 9% in 2024, they are still 16.8% higher than pre-pandemic levels. The median household income, around $83,000 a year, combined with these high housing costs, influences the prevalence of attached homes and apartments being built to keep ownership more accessible.
Monthly Costs
Detailed Breakdown
About Burnaby, British Columbia
Burnaby, British Columbia, is a dynamic city nestled in the heart of the Metro Vancouver Regional District, sharing its eastern border with Vancouver. As British Columbia's third-largest city by population, Burnaby has evolved from a modest community into a significant urban hub. The city is recognized for its unique blend of urban convenience and immediate access to the natural beauty of the Pacific Northwest, making it an attractive location for those seeking a balanced lifestyle. Burnaby is also home to major educational institutions like Simon Fraser University and the British Columbia Institute of Technology, contributing to a well-educated populace.
About British Columbia
British Columbia, Canada's westernmost province, is characterized by its diverse geography, including rugged coastlines, mountains, and forests, fostering a vibrant outdoor lifestyle. The economy is robust and diversified, with key industries such as forestry, mining, technology, film and television production, tourism, and a significant port in Vancouver. Living in British Columbia generally offers a high quality of life, though it is one of Canada's more expensive provinces, particularly in urban centers like Vancouver and Victoria. The climate varies dramatically across the province, with mild, rainy winters and warm, dry summers in coastal areas, while interior regions experience hotter summers and colder, snowier winters.