Is Nanaimo Too Expensive? Cost of Living in Nanaimo BC

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Nanaimo is ranked the 7th most expensive city in British Columbia and the 18th most expensive to live in Canada. The cost of living for a single person without rent is nearly $1300/month, and a family of four will pay about $4500/month. These costs are high for families, students, and seniors planning to retire to Nanaimo.
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Nanaimo Real Estate is the best informational resource for locals and people moving to Nanaimo and considering buying a home. Don't hesitate to contact us If you have questions about Nanaimo or the surrounding communities. You'll find Nanaimo neighbourhood guide videos, things to do, places to see, and hidden points of interest only known to locals. What are you waiting for? Start living the island life today!

Опубликовано:

8 июл 2024

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Комментарии : 76

@Stewart682 10 месяцев назад

I've lived in Nanaimo for over forty years and I combat the high ferry costs by NEVER going to Vancouver!! 😁😂

@Nanaimore 10 месяцев назад

Last time I want over to Vancouver I realized it’s been 3 years since I left the island. Best cost saving measure!!!

@catastrophe8509 Год назад

Thanks for this breakdown, it's amazing that a lot of people don't think of these things. Keep 'em coming, love your videos ✌️

@Nanaimore Год назад

I think people just get very excited and distracted about relocating to an island. But there’s a real world cost to living in such an amazing place. Thank you so much for the support! I’m glad to know this helps people.

@allitm4642 Год назад

Keep up the great work Scott!! Look forward to more Nanaimo videos!!

@Nanaimore Год назад

Thanks for watching all my videos and commenting! It really makes all the hard work worthwhile. More to come soon! there’s almost too many things to do out here.

@troybryant4376 Год назад

Very helpful info Scott! You’re the best in the business!

@Nanaimore Год назад

Thanks, Troy!!!

@emilbiga1053 Год назад

Another great info video!!!

@Nanaimore Год назад

Thank you 🙏🏻

@transactcredit Год назад

Love the transparency, Scott. Thank you.

@Nanaimore Год назад

An informed homebuyer is a happy homebuyer. It's best to be upfront so people can focus on how fantastic it's to live in a temperate rainforest without any surprises. I really appreciate the comment and watching our videos!!!

@corporateshala1553 Год назад

Very informative video. Thanks for sharing.

@Nanaimore Год назад

So happy you liked it!

@worstchoresmadesimple6259 Год назад

good approach, shopping at Farmer's markets, to increase savings.

@AliRaza-pj1xl Год назад

Very nice video 👍

@Nanaimore Год назад

Thank you for watching and commenting 👍

@FootWoodClimbing Год назад

3,6$ for a croissant at Mon petit choux this morning. Coming from France, I was outrageous... I've been to the Cedar farmer market, pastries was terribly expensive as well. Anyway, I've got my croissant at Save on Food for less than a Dollar and it was as good as the one at Mon petit choux ;-) Cost of pastries (living) is probably something that I hate the most in Nanaimo (more than the cellular reception around Hammond bay ;-)) I like your videos, they inspire us. Thank you.

@Nanaimore Год назад

I absolutely love the roast beef sandwich at Min Petit Choux!!! Thank you for watching!!! what are you doing?

@bradzimmer239 Год назад

I moved to Nanaimo from Manitoba in 2016 and quickly learned how expensive paradise was. To be honest, there is no better place in Canada, and the winters were phenomenal. Sadly, I moved back to Manitoba Jan 2020, and have missed it everyday since.

@Nanaimore Год назад

You. Left. Us!!!

@moongirlandsweet Год назад

Hello, my husband is traveling to Nanaimo probably in December or January, but honestly, I’m scared of all the expensive things (rent, food, transportation)

@twinfeathers1212 Год назад

We are thinking of locating there this year. We are currently in Manitoba where it's too cold. My husband is from Calgary. The weather is one of the reasons why we want to move there.

@Nanaimore Год назад

I made the move out here from Calgary in 2008 and have never been happier. The weather was the biggest reason. But now that I'm here, all the outdoor activities keep me so busy that a rarely leave the island. The Issue is BC.... Bring Cash. It's a very high cost of living when compared to most other places in Canada. If you every want to have a zoom call or have specific questions, please don't hesitate to contact us.

@karenann6853 Год назад

The rural Nanaimo areas pay less property tax but we then have rural parcel tax and, at least, in Area A also fire hall tax. Not cheaper at all.

@laurencemathewriggs8023 Год назад

Ya I live 45 mints out of nanimo. Just to get to work a month it's 240 a month on gas. Even in farmers markets it cost to mutch for food for a family. The island is crazzy expensive to live, and me and my family are getting to the point of selling everything and moving out of province.

@Nanaimore Год назад

Many people are. They’re very reasonable prices for homes, and the cost of living is significantly lower in the prairies. Unfortunately, it seems living next to the ocean is going to be too costly for many . have you looked north on the island towards Gold River?

@BlueAlgon 3 месяца назад

Thanks for the video. Informative. The background music wasn't the most exciting. Perhaps too loud and slightly distractive over your voice.

@anneballantyne3766 8 дней назад

Thank you, I guess I’ll stay in Saskatoon. 😊

@paulacervio2125 Год назад

Great info! I ve had one question how is the ferry trip is it usually bouncing a lot or is more like a peaceful ride? I m asking 'cause I usually suffer from dizziness when traveling by sea. Thank you!

@Nanaimore Год назад

Good question! Because the Sailish sea is a small channel between Vancouver Island, and the West Coast of Canada, the waves they relatively low. However, there are extreme examples of large storms where the boats are rocking quite violently. Obviously, if this is the case you can choose not to travel, but these are beyond rare.

@paulacervio2125 Год назад

@@Nanaimore thank you for your answer! Looking forward to visiting Nanaimo!

@Nanaimore Год назад

@@paulacervio2125 if your looking for a good restaurant, visit “the Nest” downtown. It currently my favourite 👍

@user-yt1nt8jb9f 11 месяцев назад

It’s not just this one place it’s most of Canada

@patricialight6546 Год назад

Just interested to know where you got the statistic about food costs being 25% higher than the rest of Canada?

@Nanaimore Год назад

Using a website called Nembero and then comparing Nanaimo to all other capital cities in Canada. Comapared prices for milk, bread, rice, eggs, cheese, and chicken and roughly average the percentage difference. I was a bit shocked to say the least.

@audhdcreativity5899 Год назад

We pay for being on an island... it costs more to bring the food from the mainland... which is why island food security is one of my priorities!!! More farming and food production on the island is necessary to keep island life sustainable ♡

@annebenoit4158 Год назад

$1600-$1800 a month tax?..lol u mean a year Right.. yes it is affordable more on South end. Budgeting is the key, great information for anyone thinking of moving to Nanaimo

@Nanaimore Год назад

I have a rather large red mark on my forehead. After posting this video that was pointed out to me. 🤦🏻‍♂️ Thank you for putting this in the comments.

@lhenry1693 6 месяцев назад

ROFL!!! South end is even more expensive!!! Want cheaper ya have to go way north, but the entire island isnt cheap compared to any other province in Canada, thats a fact! Car insurance and everything else is expensive !!

@wanderingmirage 5 месяцев назад

1500 to 1800 per month for taxes? did you mean year?

@a2b716 7 месяцев назад

Plus buying from local farmers helps to invest in future food security should the supply chains to Vancouver Island become immobilized again, just like they did during the pandemic, and then again during major weather events here and from the food geographical origins, labour disputes etc when suddenly the grocery store shelves started going empty. Ensuring that local industries and suppliers are thriving means we are more resilient to future crises. People here forget that this is an island and what that entails logistically, and that without the 95+% of food that gets imported to this island we will die, and we will start fighting each other for dwindling resources in the process. So why not start buying that food locally and build local food economies to prevent the inevitable from ever happening?

@hank3571 8 месяцев назад

How much are taxes in the RDN? 1500-1800 per MONTH? Do you mean per year?

@Nanaimore 8 месяцев назад

For smaller properties that roughly the amount for annual taxes in the RDN. They have increased in the last year. If you're looking for a larger property in some of the newer devemplments they can be double that.

@mrharry8466 Год назад

$2 Canadian dollars for a litre. What a bargain. U.K prices are bonkers. 😉👍

@Nanaimore Год назад

Agreed. I went to school in Finland years ago and prices for petrol were stupid expensive. Thanks for watching and commenting, mate!

@amirmohsen5 Год назад

UK is generally a very expensive country, particularly the south. But it has far better public transport and when I lived there, I never needed to own a car. Here, I bought one in the first two weeks. Also, I never struggled to find a GP in the UK. Good luck finding a family doctor in Nanaimo! I mean I love a lot of things about living on Vancouver Island, but I also miss my cozy life in the UK.

@yichispiritual Год назад

Even the price in save on goods is higher?

@Nanaimore Год назад

Save-on-foods is one of the more expensive grocery chains.

@thenagustina6254 Год назад

I've watched videos on RU-vid about homeless, drug addict & criminal problems in Nanaimo. Is it true? Is it still happening?

@Nanaimore Год назад

There’s a small group or homeless and addicts in the immediate downtown core near the Salvation Army as that’s where there housing is located. I’ve lived here for 14 years without an issue. Unfortunately there will always be these issue in city’s where the weather is warm and there’s strong social support programs.

@thenagustina6254 Год назад

Thank you for replying. I enjoy your channel. I look forward to see more videos on Nanaimo and other areas around BC. Cheers!

@Alinafox_official Год назад

I plan move to Canada Nanaimo . I like to know we’re I need to do license for work with nails and tatto ? Thank you 😊

@Nanaimore Год назад

Hello! If you want to know more about a business like this, look into Island Health. Here’s a link to the resources www.islandhealth.ca/learn-about-health/tattoos-piercings-tanning/tattoos-piercings-tanning

@Alinafox_official Год назад

@@Nanaimore thank you 🙏🏻

@LemonTree288 Год назад

2000/year？for insurance policy? 1m home?

@Nanaimore Год назад

I just saw a insurance quote for $1 million home roughly $2200 annually.

@LemonTree288 Год назад

@@Nanaimore thanks for your sharing. Not sure why that’s so expensive, because of earthquakes? I live at Halifax DT over 1m. Insurance from TD. Coverage up to 3m all kind of package in, 1000 deduction. I pay roughly 800-900/year…….we don’t have earthquake here but we have storms lol

@Nanaimore Год назад

@@LemonTree288 deductible for earthquake insurance, and some cases is between 25% and 50% of the replacement value of the home. Many people don’t read that part of the policy.

@Nanaimore Год назад

@@starchysocks If you read the fine print on most homeowner policies, few events are fully covered.

@doozeybig4130 Год назад

The City of Nanaimo has the highest tax per person of any place on the island. The City council is horrible

@Nanaimore Год назад

Any chance you can link to this statistic? I’d love to do a video about this concept.

@doozeybig4130 Год назад

I had to email you because this platform will not let me share the link

@brettfriesen7 Год назад

It's well deserved Nanaimo elected NDP mayor that believes there are no homeless problem and to fence everything up

@doozeybig4130 Год назад

@@brettfriesen7 Yes, that is a good point. The City council also just approved a 7.3 percent property tax hike. Completely unsustainable and irresponsible

@brettfriesen7 Год назад

@@doozeybig4130 I was born and raised there it's sad to see the state and direction it keeps heading

@bingus9984 8 месяцев назад

Man 4k in property taxes!

@Nanaimore 8 месяцев назад

All the people moving here from Toronto, Ottawa, and Vancouver think it's low. For locals it feels very expensive. BC stands for Bring Cash!

@dallassegno 6 месяцев назад

food cost lie as usual

@Nanaimore 6 месяцев назад

Deep mind. Thanks for watching and commenting.

@lhenry1693 6 месяцев назад

Expensive as heck to rent, impossible to buy and winters, yea little to no snow, but the dampness is damn cold and no sun during late fall to late spring crap loads of rain, for days and days!!!! Couldnt stand it the dark dismal raining months!!! Never experienced seasonal depression until we moved to Nanaimo!!! Nice place to visit, depressing as heck to live there. Lasted 7 months and had to leave, Alberta might be cold in the winter, but at least we have chinooks and super sunshine most all the time!!!!and its much cheaper with mountains!

@Nanaimore 6 месяцев назад

I came from Calgary and loved my time there. But you should never take steps backwards in life. I’m currently having a walk in the fog along the waterfront and it 10 degrees. It’s just so relaxing here. Thanks for watching and commenting.