Cost of Living
Information on housing prices, property taxes and payroll deductions are provided for informational purposes. The estimates are in Canadian dollars and give you a sense of how much it may cost to live in St. John’s. Exact figures can vary significantly depending on your lifestyle and needs.
According to the Newfoundland and Labrador Association of Realtors, the average price of a home in St. John’s is approximately $293,549, down 9.5 per cent from 2015.
You can visit the following websites for additional information about the cost of renting or purchasing a home in Newfoundland and Labrador
- The Canadian Real Estate Association's Multiple Listing Service
- Canada Mortgage and Housing Corporation
Learn more about housing here.
If you own property in Newfoundland and Labrador, you will have to pay property taxes to your local municipal government. These taxes are used by municipalities to fund services such as water, sewage, snow clearing, waste collection and recycling. Property taxes vary by municipality. For information about the tax rates in the City of St. John’s click here
Taxes and Deductions from your biweekly pay
- Federal and provincial income tax – click here to view 2017 tax rates
- Newfoundland and Labrador Temporary Deficient Reduction Levy for individuals with taxable income over $50,000 – levy amounts can be found on the Department of Finance website.
- Canadian Pension Plan (CPP). The 2017 annual maximum contribution for CPP is $2,564.10
- Employment Insurance (EI). The 2017 annual maximum contribution for EI is $836.19
- Your contribution to Memorial’s pension plan.
- Health Benefits deductions (health, dental, long term disability, life insurance). Click here for information on group benefit rates.
- Union membership fees
- Other programs you opt into paying through biweekly pay such as Preferred Rate Program (PRP), parking, home/auto insurance.