Cost of living in Yellowknife
Baseline monthly costs and newcomer setup estimates.
Yellowknife is located in Northwest Territories. Use these estimates to plan monthly costs and move-in expenses.
Northwest Territories
Last updated: Nov 2025How we calculate
Back to city list
Monthly baseline (1 adult)
Rent (1bd)$1,757
Groceries$388
Transport$140
Total monthly$2,285
Total annual$27,420
Newcomer setup (one-time)
First month + deposit (2x rent)$3,514
Furniture for a 1-bedroom$2,500
Basic household setup$600
Estimated setup total$6,614
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.