When I moved to New Brunswick in 2008
one of the biggest questions that I got asked from my families and the friends who live in Japan was
Is it an expensive place to live if you are thinking to move to New Brunswick I am sure you
have the same question I will reveal the true cons of living in New Brunswick so stay tuned
hi I am Koko Kenny with the cherry blossom royalty with the eXp
I am a real estate agent in Fredericton New Brunswick today I will reveal the cons of living
in New Brunswick one of the great things about living in new Brunswick is the low cost of living
let's break it down new bronze week offers a lower cost of living than most provinces in Canada
that cost of living per month in New Brunswick is six hundred and twelve dollars for a person
and a thousand and eight hundred and ninety eight dollars for a family of
four excluding rent in both cases in New Brunswick the average salary is 65 and 910 dollars per year
which is among the lowest in Canada the minimum wage in New Brunswick is 11.75 right now
the New Brunswick government has announced it is raising the minimum wage by two dollars per
hour to hit 13.75 by October 2022. what about the housing cost housing costs according on
Canadian real estate association latest stats the average price of a home in New Brunswick is 252
871 in October 2021. even though New Brunswick housing market
is a spiking up new bronze week is still one of the lowest cost to purchase a house
how about the renting average one bedroom rent in Moncton New Brunswick is 998 850 dollars in
saint john new Brunswick rent in Fredericton New Brunswick is thousand and four hundred dollars
renting New Brunswick is going up also especially in Fredericton New Brunswick because of supply and
demand ratio how about the transportation we have bus service available in New Brunswick
single trip cash fare is 2.75 in Moncton St John, and Fredericton are there trains in New Brunswick
yes major stations are in mountain Miramichi Bathurst and Cambelton how much does it cost
to take the train too or from New Brunswick of the 10 cities in New Brunswick with the train service
the average cost of a train ticket is 136 dollars and 40 cents on the top route the cheapest ticket
available cost nineteen dollars and eight cents while the most expensive ticket is 245.56
at this time cost of living per month in New Brunswick is 1275
for a person and 2, 893 for a family of four including rent in both cases luckily in New
Brunswick the average salary is sixty five thousand and nine hundred ten dollars per year
are you still with me more is coming so stick with me this is a very important one groceries
groceries shopping costs can change depending on the individual and the factors like a food quality
number of people you intend to feed appetite and others the average estimate for groceries in New
Brunswick is 200 to 300 per person in a month food products particularly meat and dairy products are
cost higher than the national average my son loves to drink milk you know his grandma used to say you
know here is our cow here is a cow that's how much he loves to drink milk I have noticed that price
of milk is going higher every year oh I can't forget to mention this we have a Costco in major
cities in New Brunswick I know it is important to some people it is in Moncton, St.John and
Fredericton. eating out a basic lunch menu may cost up to 15 dollars at an inexpensive restaurant
but if you want fancier restaurants it will it will cost you around 50 to 80 a three course
dinner for two at the mid-range restaurant cost 70 dollars a regular fast food meal like a Mcdonald's
meal cost up to 7.53 cents a beer in a bar is four dollars to six dollars and a cocktail cost
eight to nine dollars on average the cost of food for a year is six thousand eighty two dollars
according to a government of New Brunswick we have such a nice restaurant throughout the new
bronze week I don't think you will be bored trying so many different restaurants in New Brunswick
monthly bills utilities internet and more the cost of essential utilities in New Brunswick
including electricity heating cooling garbage disposal and the water for an individual is 87.7
per month and 135 dollars per month for a family phone bills and internet services price vary
depending on the telemarketing companies the cost of power heating and food are significantly
lower than anywhere in Canada and the whole of north America I think that's a big plus
for New Brunswick yay a cost of car insurance was the average car insurance in New Brunswick
according to the insurance bureau of Canada the average car insurance rate in New Brunswick is 867
per year or about 75 dollars per month this is less expensive than other province in Canada
and is one of the cheapest in Canada also yay how about house insurance the average price of
homeowners insurance in New Brunswick is 780 dollars per year or about 60 dollars per month
however the price change significantly based on location size of your home and type of home
insurance when I moved to New Brunswick in 2008 I thought living in New Brunswick is very affordable
although the cost of living in New Brunswick is climbing year over year but I still think
it is affordable compared to a big cities and if you want to know more about New Brunswick
I have my relocation guide yep so click through link below to download it
don't forget to give this video a like and hit the subscribe button I have got so much more
to tell about life and the real estate in New Brunswick so I will see you at the next video