How Much Does It Cost to Live in Guelph, Canada?

Guelph is a small city located in Canada with a metropolitan area population of 129,079. A couple could live a moderate lifestyle in Guelph on a budget of $3,369 per month, or $40,422 per year.

Cost of Living in Guelph, Canada

As noted above, the cost of living in Guelph, Canada is $3,369 per month for a couple living a moderate lifestyle. This budget consists of $1,753 for housing related costs, $727 for food, and $888 for other costs, all of which will be broken down below.

Housing

  • A one-bedroom apartment in the city center of Guelph is estimated to cost $1,519
  • Basic utilities including electricity, water, and gas will run about $168
  • High-speed internet averages $66

Food

  • Typical grocery costs of $523 per month include things like bread, eggs, milk, cheese, rice, chicken breast, bottled water, fruits, and vegetables
  • Alcohol including beer and wine for moderate home consumption costs about $98
  • Frequent coffees in a neighborhood café are estimated to be about $106

Other

  • Meals out are estimated to be $566 per month, including 4 meals in mid-range restaurants and 8 in inexpensive restaurants
  • Transportation costs of $156 for public transport passes and occasional taxis
  • Fitness center memberships of $104
  • Cinema tickets of $62 include several outings for international releases

Note that Guelph, Canada is a very walkable city with a Walk Score of 81/100, which means you won’t need a car if you are living in the city center and you may even save some money by not using public transportation and taxis very often.

Amount of Money Needed to Retire in Guelph, Canada

Many people searching the internet for the cost of living in Guelph, Canada are doing so to see if and when they can quit their jobs and retire. A popular and easy way to calculate your retirement number is using the 4% Rule.

The 4% Rule estimates that a person(s) could withdraw 4% of their retirement nest egg and never run out of money. Using this calculation, a couple would need an investment portfolio of $1,010,550 to live a moderate lifestyle in Guelph, Canada.

Annual expenses of $40,422 ÷ 4% = $1,010,550 portfolio needed.

Of course, everyone’s financial situation is different, and the above calculation could change based on any other sources of passive income and social security income.

Summary

Overall, the cost of living in Guelph, Canada is affordable coming in at $3,369 for a couple living a moderate lifestyle. Those seeking to retire could do so comfortably with a retirement portfolio of $1,010,550.