Point May, Newfoundland and Labrador Cost Of Living

A+

26%

Overall NAT. AVG.

12%

Goods & Services NAT. AVG.

89%

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	Point May	Newfoundland and Labrador	National
Cost of living	74	85	100
Goods & Services	88	88	100
Groceries	108	108	100
Health care	94	94	100
Housing	11	47	100
Transportation	100	100	100
Utilities	137	137	100

Cost Of Living Quick Facts

The cost of living in Point May is 13% lower than the Newfoundland and Labrador average
The cost of living in Point May is 26% lower than the national average
Point May housing is 89% lower than the national average
Newfoundland and Labrador general sales tax is 67% higher than the national average
Newfoundland and Labrador state income tax is 3% 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

Newfoundland and Labrador Sales Tax

State	General Sales Tax	With Max Surtax
Newfoundland and Labrador	10%	15%

Newfoundland and Labrador Income Tax

State	Income Tax (Low)	Income Tax (High)
Newfoundland and Labrador	8.7%	18.3%

Goods & Services

Item	Point May	National avg.	Difference
Personal Care	$89.00	$94.33	5.7%
Recreation	$101.00	$102.33	1.3%

Groceries

Item	Point May	National avg.	Difference
Meat, Poultry and Fish	$97.00	$102.27	5.1%
Dairy Products and Eggs	$104.00	$104.67	0.6%
Bakery and Cereal Products	$106.00	$111.67	5.1%
Fruit and Vegetables	$115.00	$113.40	1.4%
Alcoholic Beverages	$112.00	$105.80	5.9%

Health Care

Item	Point May	National avg.	Difference
Doctor	$98.00	$101.07	3.0%

Housing

Item	Point May	National avg.	Difference
Home Price ($)	$n/a	$659,395.00	100.0%
Apartment Rent ($)	$n/a	$2,146.00	100.0%

Transportation

Item	Point May	National avg.	Difference
Gasoline	$102.00	$102.07	0.1%

Utilities

Item	Point May	National avg.	Difference
All Electricity	$99.00	$98.60	0.4%

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.
Point au Gaul, NL	79	73	26.7%
Lord's Cove, NL	147	74	26.5%
Division No. 2, Subd. G, NL	10	74	26.4%
Lamaline, NL	258	74	26.3%
Division No. 2, Subd. H, NL	184	74	25.9%
Point May, NL	202	74	26.1%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Fairford, AL	202	n/a
Ratcliff, AR	202	n/a
Carrizo, AZ	202	n/a
Greenhorn, CA	202	n/a
Alpine, CO	202	n/a
Point May, NL	202	74	26.1%

Date & Last Updated: This data reflects 2020 and was released from Statistics Canada.