Cost of living in Iqaluit
Baseline monthly costs and newcomer setup estimates.
Iqaluit is located in Nunavut. Use these estimates to plan monthly costs and move-in expenses.
Nunavut
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Monthly baseline (1 adult)
Rent (1bd)$2,600
Groceries$650
Transport$150
Total monthly$3,400
Total annual$40,800
Newcomer setup (one-time)
First month + deposit (2x rent)$5,200
Furniture for a 1-bedroom$2,500
Basic household setup$600
Estimated setup total$8,300
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.