The cost of living in Vancouver is considered to be high, with the high cost of housing being a major contributing factor. According to Numbeo, a website that provides data on the cost of living in various cities around the world, Vancouver ranks as the 44th most expensive city to live in globally.
Housing costs in Vancouver are significantly higher than the Canadian average, with the average price of a single-family home in the city being over $1 million. Rental prices are also high, with the average rent for a one-bedroom apartment in the city center costing over $1,800 per month.
In addition to housing costs, other expenses such as food, transportation, and entertainment can also be expensive in Vancouver. However, salaries in the city are generally higher than the national average, which can help offset some of these costs.
Overall, while the cost of living in Vancouver is high, it is a desirable place to live due to its natural beauty, cultural diversity, and high standard of living.