Cost of Living UK v Vancouver
Hi
Considering a move from UK to Vancouver. However, reading some threads on this forum, and internet research, it seems as if we may be worse off as the cost of living in Vancouver is high. I have listed below our monthly outgoings. Can anyone advise if we would be about the same, or worse off. We would be looking to have kids in the next couple of years so would need to add full time child care to this too for one! Thanks in advance for your help.:) Mortgage/Rent £859 £156,000 Mortage Council Tax £156 Elec £40 Gas £40 Phone Line Rental £11 Cable/Broadband £46 Food £325 TV License £12 Life Insurance £48 Mobile Phone £25 Car Payments £160 Home Insurance £25 Savings £300 Bus/Train Fares £40 Mobile Phone £25 Car Maintence/Car Insurance £60 Work Money £80 Fuel £120 Spending Money £635 |
Re: Cost of Living UK v Vancouver
If you converted into CDN dollars I could help you. Am lazy. ;)
For fulltime decent childcare, esp. below 4-5years (gets cheaper once kid is in school) you'll be looking at around 800-1,000 bucks a month. |
Re: Cost of Living UK v Vancouver
[QUOTE=samb29;9292263]Hi
Considering a move from UK to Vancouver. However, reading some threads on this forum, and internet research, it seems as if we may be worse off as the cost of living in Vancouver is high. I have listed below our monthly outgoings. Can anyone advise if we would be about the same, or worse off. We would be looking to have kids in the next couple of years so would need to add full time child care to this too for one! Thanks in advance for your help.:) Mortgage/Rent $1344 $242200 Mortage Council Tax £244 Elec $62 Gas $62 Phone Line Rental $17 Cable/Broadband $72 Food $508 TV License $18 Life Insurance $75 Mobile Phone $39 Car Payments $250 Home Insurance $39 Savings $469 Bus/Train Fares $62 Mobile Phone $39 Car Maintence/Car Insurance $93 Work Money $125 Fuel $187 Spending Money $939 That's it now in Canadian Dollars:) |
Re: Cost of Living UK v Vancouver
You can triple that for a mortgage.
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Re: Cost of Living UK v Vancouver
yeah but it depends on how much they have to put down
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Re: Cost of Living UK v Vancouver
Hi
Thanks for the replies. Is that triple the monthly payment or triple for the full mortgage amount. We would be looking for a 3 bed. As we are still young would probably looking at a townhouse to start with. Prob have about $55k to put down. I also hope that by moving my partner and I would increase our monthly salary by about $782 combined. Thanks again for the advice :) |
Re: Cost of Living UK v Vancouver
Mortgage/Rent $1344 $242200 Mortage
Council Tax £244 Elec $62 Seems low would budget on at least double Gas $62 Seems low would budget on at least double Phone Line Rental $17 I pay 160pm for phone/broadband/digital TV Cable/Broadband $72 Food $508 TV License $18 Doesn't apply Life Insurance $75 Mobile Phone $39 Could cover low useage for 2 PAYG phones Car Payments $250 Roughly 10k loan over 3 years is 300pm Home Insurance $39 Seems low for buildings and contents? Savings $469 Bus/Train Fares $62 Mobile Phone $39 Repeat? Car Maintence/Car Insurance $93 This would probably be the cheapest you'd get for insurance alone. Work Money $125 Fuel $187 Spending Money $939 Add medical insurance premiums plus allow for treatment costs not covered. |
Re: Cost of Living UK v Vancouver
Originally Posted by jimf
(Post 9292442)
Phone Line Rental $17 I pay 160pm for phone/broadband/digital TV
Cable/Broadband $72 . |
Re: Cost of Living UK v Vancouver
Don't get too hung up on coverting everything from 1 pound to $1.60. What is important is what do you currently get paid in pounds and what/where do you spend it. Equally what are you going to earn in $ and what/where will you spend it.
It's sounds expensive here now, due to the exchange rate, but it's spending power that counts. If you come here on holiday and a pint is $6, you'll convert it to about 3.75 pounds, but if you here earning $ you look at it as a proportion of your earnings. As a rule, I find food/alcohol, housing, internet/TV/mobile more expensive here than UK. Eating out is decent value, rent seems to be reasonable (ish) and things like petrol are obviously cheaper. Also new cars used to be cheaper, but used ones more expensive. Don't know if that still holds true mind. In my experience, things are about 20-30% cheaper in the US. You get different expenses here too, i.e. no TV licence fee, but might have to pay MSP premiums. |
Re: Cost of Living UK v Vancouver
Originally Posted by cheeky_monkey
(Post 9292501)
i only pay $50/ month for phone/cable/broadband (20mb) why is your so high?
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Re: Cost of Living UK v Vancouver
Originally Posted by cheeky_monkey
(Post 9292501)
i only pay $50/ month for phone/cable/broadband (20mb) why is your so high?
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Re: Cost of Living UK v Vancouver
Originally Posted by brizzle
(Post 9292556)
Don't get too hung up on coverting everything from 1 pound to $1.60. What is important is what do you currently get paid in pounds and what/where do you spend it. Equally what are you going to earn in $ and what/where will you spend it.
It's sounds expensive here now, due to the exchange rate, but it's spending power that counts. If you come here on holiday and a pint is $6, you'll convert it to about 3.75 pounds, but if you here earning $ you look at it as a proportion of your earnings. As a rule, I find food/alcohol, housing, internet/TV/mobile more expensive here than UK. Eating out is decent value, rent seems to be reasonable (ish) and things like petrol are obviously cheaper. Also new cars used to be cheaper, but used ones more expensive. Don't know if that still holds true mind. In my experience, things are about 20-30% cheaper in the US. You get different expenses here too, i.e. no TV licence fee, but might have to pay MSP premiums. You are paid in $ and you spend in $ I am just trying to get an idea of how far my cash would go in Canada per month Thanks |
Re: Cost of Living UK v Vancouver
Might be a good idea if you can tell people roughly what you and your wife expect to earn, and what kind of lifestyle you want for that money (i.e. how many cars, skiing every weekend or not, area of Vancouver etc) and then they can let you know if that would be enough, rather than trying to convert £ in to $.
:) |
Re: Cost of Living UK v Vancouver
Originally Posted by christmasoompa
(Post 9293161)
Might be a good idea if you can tell people roughly what you and your wife expect to earn, and what kind of lifestyle you want for that money (i.e. how many cars, skiing every weekend or not, area of Vancouver etc) and then they can let you know if that would be enough, rather than trying to convert £ in to $.
:) Me and my Husband would hope to bring in a joint income of $94k (Gross) to start with. (1 Car to start with, fairly average social lifestyle, as for area we would be looking at 30-40km outside Vancouver....although we would be renting to start with closer to Vancouver) and also a kid in the next 2-3 years I listed my UK outgoing to try and gage an idea of prices in Vancouver and its suburbs, as research is starting to make us think twice. |
Re: Cost of Living UK v Vancouver
I think someone mentioned this already but you need to add MSP, which is provincial health insurance, around $100 per month. Then add any prescriptions and dental care unless it's covered by your job's health plan.
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