Cost of living in Charlottetown
Baseline monthly costs and newcomer setup estimates.
Charlottetown is located in Prince Edward Island. Use these estimates to plan monthly costs and move-in expenses.
Prince Edward Island
Last updated: Nov 2025How we calculate
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Monthly baseline (1 adult)
Rent (1bd)$1,066
Groceries$432
Transport$85
Total monthly$1,583
Total annual$18,996
Newcomer setup (one-time)
First month + deposit (2x rent)$2,132
Furniture for a 1-bedroom$2,500
Basic household setup$600
Estimated setup total$5,232
Optional big purchases
Popular new car price (avg)$28,000
Typical financing: $478/mo for 60 months (7.25% APR, $4,000 down).
Estimates only. Actual prices vary by neighborhood, lifestyle, and timing.
Why this matters
Whether you are already in Canada or planning your move, these numbers help you budget for rent deposits, setup costs, and monthly living expenses.