Falconwood, Prince Edward Island Cost Of Living

A+

21%

Overall NAT. AVG.

6%

Goods & Services NAT. AVG.

86%

Housing NAT. AVG.

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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	Falconwood	Charlottetown	Prince Edward Island
Cost of living	79	86	89
Goods & Services	106	106	106
Groceries	103	103	103
Health care	92	92	92
Housing	14	36	45
Transportation	91	91	91
Utilities	141	141	141

Cost Of Living Quick Facts

The cost of living in Falconwood is 11% lower than the Charlottetown average
The cost of living in Falconwood is 21% lower than the national average
Falconwood housing is 86% 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

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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	Charlottetown	National avg.	Difference
Personal Care	$87.00	$94.33	7.8%
Recreation	$104.00	$102.33	1.6%

Groceries

Item	Charlottetown	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	Charlottetown	National avg.	Difference
Doctor	$97.00	$101.07	4.0%

Housing

Item	Charlottetown	National avg.	Difference
Home Price ($)	$357,000.00	$659,395.00	45.9%
Apartment Rent ($)	$1,070.00	$2,146.00	50.1%

Transportation

Item	Charlottetown	National avg.	Difference
Gasoline	$96.00	$102.07	5.9%

Utilities

Item	Charlottetown	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.
Mount Stewart, PE	235	80	19.6%
Lot 36, PE	872	82	18.2%
Lot 38, PE	584	82	18.1%
Union Road, PE	211	82	18.0%
Scotchfort 4, PE	252	82	17.8%
Charlottetown, PE	41,537	86	13.8%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Woodlawn, MD	41,505	n/a
Coppell, TX	41,494	n/a
Leominster, MA	41,581	n/a
Catonsville, MD	41,592	n/a
Gainesville, GA	41,464	n/a
Charlottetown, PE	41,537	86	13.8%