Last update: Nov 2026

Cost of Living Comparison Between New York, NY and Cold Lake

For one person, living is cheaper in Cold Lake: $1,938 a month against $4,906 in New York, NY, rent and utilities included – about $35,600 less a year. Rent and utilities account for most of the difference.

234

Cost of Living Index in New York, NY
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New York, NY Living Index
93

Cost of Living Index in Cold Lake
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Cold Lake Living Index

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New York, NY

🇺🇸 United States

$4,906

/mo nomad

Cold Lake

🇨🇦 Canada

$1,938

/mo nomad

Monthly Cost of Living

How much you'll spend in New York, NY and in Cold Lake

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in New York, NY and in Cold Lake actually costs, broken down by who's living it.

A single person spends $4,906 per month in New York, NY vs $1,938 in Cold Lake, rent included.

New York, NY $4,906
Cold Lake $1,938

A couple spends around $7,273 per month in New York, NY vs $2,852 in Cold Lake, rent included.

New York, NY $7,273
Cold Lake $2,852

A family of three spends $9,641 per month in New York, NY vs $3,766 in Cold Lake, rent included.

New York, NY $9,641
Cold Lake $3,766

New York, NY costs about 153% more than Cold Lake, and outside of rent the biggest gap is in groceries.

Both New York, NY and Cold Lake sit above the global median – New York, NY by 263%, Cold Lake by 43%.

Meal at Budget Restaurant

$26.93 $26.93

$18.32 CA$25.77

47.00%

Three-Course Dinner for Two, Mid-Range

$117 $117

$58.5 CA$82.3

99.50%

Fast Food Meal (McDonalds, etc)

$14.60 $14.60

$10.15 CA$14.28

43.84%

Cappuccino

$6.54 $6.54

$4.02 CA$5.66

62.69%

Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)

$3.86 $3.86

$2.27 CA$3.19

70.04%

Water (0.33 liter bottle)

$2.95 $2.95

$1.41 CA$1.98

109.22%

Local Beer (0.5 liter draught)

$8.08 $8.08

$5.63 CA$7.92

43.52%

Imported Beer (0.33 liter bottle)

$9.85 $9.85

$6.51 CA$9.16

51.31%

Milk (1 liter)

$1.31 $1.31

$1.13 CA$1.59

15.93%

White Bread (500g)

$4.97 $4.97

$2.13 CA$3.00

133.33%

Rice (white) (1kg)

$7.70 $7.70

$3.09 CA$4.35

149.19%

Eggs

$6.09 $6.09

$3.19 CA$4.49

90.91%

Local Cheese (1kg)

$19.55 $19.55

$10.96 CA$15.42

78.38%

Chicken Fillets (1kg)

$17.59 $17.59

$11.64 CA$16.38

51.12%

Beef Round Steak (1kg)

$20.26 $20.26

$18.74 CA$26.36

8.11%

Apples (1kg)

$6.99 $6.99

$3.58 CA$5.03

95.25%

Banana (1kg)

$2.21 $2.21

$1.12 CA$1.57

97.32%

Oranges (1kg)

$6.72 $6.72

$2.79 CA$3.92

140.86%

Tomato (1kg)

$7.12 $7.12

$2.56 CA$3.60

178.13%

Potato (1kg)

$4.61 $4.61

$2.14 CA$3.00

115.42%

Onion (1kg)

$4.78 $4.78

$1.09 CA$1.53

338.53%

Lettuce (1 head)

$2.87 $2.87

$2.46 CA$3.46

16.67%

Water (1.5 liter bottle)

$2.69 $2.69

$1.89 CA$2.65

42.33%

Cigarettes 20 Pack (Marlboro, Camel)

$19.14 $19.14

$11.86 CA$16.68

61.38%

Wine (Bottle)

$19.63 $19.63

$11.65 CA$16.39

68.50%

Local Beer (0.5 liter bottle)

$3.32 $3.32

$3.47 CA$4.87

-4.32%

Imported Beer (0.33 liter bottle)

$4.19 $4.19

$3.01 CA$4.23

39.20%

One-way Ticket (Public Transport)

$3.02 $3.02

Public Transport Monthly Pass (Regular Price)

$139 $139

Taxi Start (Normal Tariff)

$3.04 $3.04

$2.96 CA$4.17

2.70%

Taxi (Normal Tariff) (1km)

$2.20 $2.20

$1.41 CA$1.98

56.03%

Taxi 1hour Waiting (Normal Tariff)

$41.33 $41.33

$21.77 CA$30.61

89.85%

Gasoline (1 liter)

$1.13 $1.13

$1.04 CA$1.47

8.65%

Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)

$34.5K $34.5K

$28.1K CA$39.6K

22.42%

Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)

$25.8K $25.8K

$20.9K CA$29.4K

23.81%

Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)

$232 $232

$232 CA$327

0.06%

SIM Card Monthly Plan (Calls and 10GB+ Data)

$71.0 $71.0

$45.69 CA$64.3

55.46%

Internet (50+ Mbps, Unlimited Data)

$67.7 $67.7

$56.3 CA$79.1

20.20%

Gym Membership (Monthly)

$115 $115

Tennis Court (1 Hour on Weekend)

$76.8 $76.8

Cinema Ticket

$22.41 $22.41

$12.75 CA$17.94

75.76%

Preschool or Kindergarten, Full Day, Private, 1 Child (Monthly)

$3,606 $3,606

$632 CA$888

470.73%

International Primary School, 1 Child (Yearly)

$68.7K $68.7K

$9,825 CA$13.8K

599.14%

Jeans (Levis 501 Or Similar)

$79.3 $79.3

$28.58 CA$40.20

177.29%

Summer Dress (H&M, Zara, etc)

$51.4 $51.4

$36.04 CA$50.7

42.62%

Sport Shoes (Adidas, Nike)

$121 $121

$54.6 CA$76.8

121.67%

Men's Leather Business Shoes

$140 $140

$88.6 CA$125

58.59%

1-bedroom Apartment, City Center (Monthly)

$4,555 $4,555

$891 CA$1,253

411.12%

1-bedroom Apartment, Outside City Center (Monthly)

$3,040 $3,040

$852 CA$1,199

256.62%

3-bedroom Apartment, City Center (Monthly)

$9,742 $9,742

$1,542 CA$2,169

531.78%

3-bedroom Apartment, Outside City Center (Monthly)

$5,331 $5,331

$1,471 CA$2,069

262.42%

Buy Apartment in City Center (m2)

$18.2K $18.2K

Buy Apartment Outside City Center (m2)

$6,685 $6,685

Average Monthly Net Salary (After Tax)

$5,096 $5,096

$3,076 CA$4,326

65.65%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.89

4.32

59.49%

CityCost data is based on AI and user input – minor inaccuracies may occur.

Last update for New York, NY: November 1, 2026

Last update for Cold Lake: November 1, 2026

Monthly budget structure

Share of the monthly basket for one person, rent included.

Accommodation & Living

New York, NY

$3K 62%

Cold Lake

$852 44% 72% $2.2K

Groceries & Markets

New York, NY

$567 11.6%

Cold Lake

$341 17.6% 39.8% $226

Eating Out

New York, NY

$425 8.7%

Cold Lake

$281 14.5% 33.9% $144

Monthly Utilities & Internet

New York, NY

$371 7.6%

Cold Lake

$334 17.2% 9.9% $37

Clothing & Footwear

New York, NY

$176 3.6%

Cold Lake

$94 4.8% 47% $83

Getting Around

New York, NY

$165 3.4%

Cold Lake

$10 * 0.5% 94% $155

Sport & Entertainment

New York, NY

$160 3.3%

Cold Lake

$26 * 1.3% 84.1% $135

Categories marked with * are only partly priced – their share counts the items that do have prices.

Cost Breakdown

A central one-bedroom costs $4,555 in New York, NY versus $891 in Cold Lake. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

Salaries run about 66% higher in New York, NY, which partly offsets the higher cost of living there. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $117 in New York, NY versus $59 in Cold Lake. Monthly groceries follow the same trend: $567 vs $341 – making Cold Lake the more affordable choice for daily food spending.

Good to know

🇺🇸 New York, NY

🇨🇦 Cold Lake

🕒 Local time

16:30 4:30 PM

15:30 3:30 PM

1 h behind New York, NY

🌤 Weather

👥 Population

8,804,190

11,595

💱 Currency

United States Dollar USD $

Canadian Dollar CAD $

📈 Exchange rate

1 USD = 0.895 EUR

1 CAD = 0.711 USD

1 CAD = 0.636 EUR

Exchange rates and currency converter

CAD, EUR to USD – United States Dollar Converter

🇨🇦 Canadian Dollar ($)

🇺🇸 United States Dollar ($)

United States Dollar exchange rates as of November 6, 2026: 1 EUR = 1.12 USD (1 USD = 0.895 EUR).

Canadian Dollar exchange rates as of November 6, 2026: 1 USD = 1.41 CAD (1 CAD = 0.711 USD). 1 EUR = 1.57 CAD (1 CAD = 0.636 EUR).

CAD to USD in detail →

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Between locations

New York, NY Cold Lake 3,060 km ≈ 4 h 15 min nonstop flight

From you

New York, NY
Cold Lake

Distances are measured in a straight line. Your location is detected approximately.

City Median Internet Speeds Comparison (Updated April 2026)

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

New York, NY vs Cold Lake: Cost of Living - Frequently Asked Questions

Yes – New York, NY is pricier by about 153%, and outside of rent the gap shows up most in groceries.

For a comfortable life, plan on about $7,358 per month in New York, NY and $2,907 in Cold Lake. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Cold Lake, especially for central apartments: a one-bedroom in the center costs $891 there versus $4,555 in New York, NY.

Monthly expenses with rent come to $4,906 in New York, NY and $1,938 in Cold Lake. That makes Cold Lake about 60% cheaper.

Kindergarten costs $3,606 per month in New York, NY and $632 in Cold Lake. For families with young kids, this one expense can tip the scales when choosing between the two cities.

A $2,500 monthly budget goes further in Cold Lake, where all-in costs run around $1,938, than in New York, NY at $4,906. In Cold Lake it covers expenses comfortably, while in New York, NY it requires careful planning or may not stretch far enough.

Families tend to lean toward Cold Lake – lower housing and cheaper childcare make a real difference, especially on a single income or when paying for private education.

If budget matters most, go with Cold Lake. If higher salaries or specific career opportunities are the priority, New York, NY makes more sense. Both are solid long-term options with distinct trade-offs.