Living in Vancouver has always been a dream for many — ocean views, mountain backdrops, mild winters, and vibrant neighborhoods. But with that lifestyle comes a real cost.

At Vancouver Home Hub, we believe in sharing honest, practical insights about living in the Greater Vancouver area so you can plan confidently — whether you’re renting, buying, or just curious about the numbers.

Here’s what it actually costs to live in Vancouver in 2026.

The Reality of Rent in Vancouver (2026 Housing Prices Explained)

Housing remains the biggest expense for most residents.

Average monthly rent in 2026:

  • Studio apartment: $2,100 – $2,400
  • 1-bedroom apartment: $2,500 – $2,900
  • 2-bedroom apartment: $3,400 – $3,900

Many residents choose nearby cities like Burnaby, New Westminster, or Surrey for slightly more affordable options while staying connected to the city.

The reality? Housing costs often take 40–50% of a typical professional’s income in Metro Vancouver.

Check out our Rent VS Buy calculator to learn more.

Grocery Prices in Vancouver: What Food Really Costs

Food prices have stabilized compared to recent inflation spikes, but groceries are still expensive.

Typical monthly grocery costs:

  • Single person: $350 – $500
  • Couple: $700 – $900

Example grocery prices:

  • Milk (4L): ~$6.50
  • Eggs (dozen): ~$4.50
  • Chicken breast: ~$14/kg
  • Bread: ~$3.50

Shopping sales, buying store brands, and cooking at home make a noticeable difference over time.

Transportation Costs: Getting Around Without Breaking the Bank

Transportation costs depend on whether you drive or use transit.

Monthly transportation estimates:

  • Transit pass: ~$110 – $200
  • Car insurance: $150 – $250
  • Gas: $120 – $200

Many Vancouver residents rely on public transit thanks to the city’s walkability and SkyTrain system.

Read more: Best Neighbourhoods in Greater Vancouver for Families in 2025

Utilities, Internet, and Phone Bills (The Hidden Costs)

Utilities are often overlooked when budgeting.

Typical monthly costs:

  • Electricity: $40 – $70
  • Internet: $70 – $95
  • Phone plan: $45 – $65

For most people, utilities and connectivity total around:
$160 – $230 per month.

Eating Out & Entertainment in Vancouver

One of the best parts of living in Vancouver is the food scene and outdoor lifestyle — but it comes at a cost.

Average prices:

  • Casual restaurant meal: $18 – $25
  • Coffee: $5 – $6
  • Movie ticket: $15 – $18
  • Gym membership: $50 – $70

A modest entertainment budget usually lands around:
$200 – $400 per month.

Total Monthly Cost of Living in Vancouver (2026)

Here’s a realistic monthly budget for a single person:

  • Rent: $2,600
  • Groceries: $450
  • Transportation: $150
  • Utilities + Internet + Phone: $200
  • Entertainment: $300

Estimated total:
≈ $3,700 per month

For couples sharing rent, the cost per person drops significantly — which is why many people choose to live with a partner or roommate.

Why People Still Love Living in Vancouver

Despite the high cost of living, Vancouver offers something special. The combination of mountains, ocean, parks, diverse food culture, and mild weather makes it one of the most livable cities in Canada.

You can ski in the morning, walk along the seawall in the afternoon, and enjoy world-class dining at night — all without leaving the city.

That balance of nature, lifestyle, and community is what keeps people here long-term.

At Vancouver Home Hub, we believe Vancouver isn’t just a place to live — it’s a place to build a life and a community.


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