Housing costs in Ontario?
A typical home costs
$278,400, which is 17.7% less expensive than the national average of
$338,100 and 40.6% less expensive than the average Oregon home, at
$468,400. Renting a two-bedroom unit in Ontario costs
$880 per month, which is 38.5% cheaper than the national average of
$1,430 and 72.7% cheaper than the state average of
$1,520.
Can I afford Ontario?
To live comfortably in Ontario, Oregon, a minimum annual income of
$53,280 for a family, and
$26,800 for a single person is recommended.
What does A.I. say about Ontario?
The cost of living in Ontario is quite high compared to other parts of Canada. The average prices for goods and services are approximately 30% higher than the national average. Housing is also expensive, with a median house price of over $600,000 in Toronto. The cost of gasoline is also higher than other provinces, as well as taxes on income and property. Despite these costs, the province does offer some tax breaks for those who live within their borders, including a sales tax credit and property tax rebate program. It is important to factor in these programs when budgeting for living expenses in Ontario.