Cost of Living in Moncton
Detailed cost of living data — sourced from authoritative datasets and normalized for direct comparison.
Cost of Living in Moncton, New Brunswick
The cost of living in Moncton is generally considered affordable compared to larger Canadian cities, though it is about 8% higher than the New Brunswick average. According to Numbeo, Moncton's Cost of Living Index is 62.66 as of May 2026, relative to New York City. Housing costs, while having seen increases, remain a significant factor in the city's overall affordability.
However, a 2022 study by the Royal Bank of Canada indicated that Moncton was one of the least affordable cities for young people in Canada, primarily due to the gap between income and living expenses. Despite this, residents benefit from relatively lower expenses across various categories, including goods and services, transportation, and utilities, contributing to a manageable cost of living for many.
Monthly Costs
Detailed Breakdown
About Moncton, New Brunswick
Moncton, often referred to as the "Hub City" of the Maritimes, is the most populous city in New Brunswick, Canada, strategically located in the Petitcodiac River Valley. Its central inland position has historically made it a vital railway and land transportation hub for the region. The city was officially founded in 1766 by Pennsylvania German immigrants and has since adopted the motto "Resurgo" (Latin for "I rise again"), reflecting its resilience and growth.
In recent years, Moncton has experienced significant population growth, ranking among Canada's fastest-growing census metropolitan areas. This growth is attributed to its blend of economic opportunities, relative affordability, and a high quality of life, attracting newcomers, students, families, and professionals. The city is also notable for being Canada's first officially bilingual city, contributing to its diverse cultural fabric.
About New Brunswick
New Brunswick is a Maritime province known for its extensive forests, diverse coastline, and status as Canada's only officially bilingual province. The economy is driven by natural resources like forestry, fishing, and mining, alongside growing sectors such as advanced manufacturing, cybersecurity, digital health, and information technology. Living in New Brunswick generally offers a lower cost of living compared to other Canadian provinces, with affordable housing and a relaxed, community-focused lifestyle. The province experiences a humid continental climate, characterized by snowy winters and warm, temperate summers.
