What is the cost of living in Innisfil?

Posted On Friday, 27 May 2022 17:44

You are thinking of moving to Innisfil, Ontario, but you are wondering how much it costs to live there. If you ask a realtor, they will tell you that you can find a reasonably priced home there if you do your homework. However, you will also need to eat, drive a car, buy clothes, and live your life.

Officially the cost of living is 12% lower than it would be than the average cost of living in Ontario. However, you should know that taxes in this burg are 33% higher than they are in the rest of Canada. This is primarily a retirement community, and the average residence income is 40% less than the average Cannuck. 

How much will a house cost in Innisfil?

Housing costs fluctuate greatly in Innisfil. For example, the cost of the average 2 bedroom home was $698,000 one year ago. It stayed the same for 6 months and then it skyrocketed to $1.4 million three months later. It is currently down to $923,000. If you are interested in renting, this is probably not the community for you. There are very few rentals here.

Innisfil is known largely as a resort community. Lake Simcoe is a big draw for people who love participating in water sports. It is known as a haven for those who love to go antiquing. It is also home to Georgia Downs, which is one of the world’s most famous racetracks and casinos. 

There are quite a few vacation cabins that have been built around the lake. Nowadays, many people live in these cabins year-round. This is one way you can cut down on your living expenses when you are here.

How much will clothing cost?

You can save money on clothes if you live in this charming Canadian town. Although there are many cute little privately owned shops here, there is also an outlet mall in nearby Cookstown. At the Tanger Outlet Mall, you will find high-end stores such as the Banana Republic and stores designed to please your budget, such as H & M. 

Although you are certain to want to add an antique or two to your new Innisfil home, filling your house with high-end used furniture and decor can get rather pricey. You will also find low-priced furniture and housewares at the mall.

How much will food cost?

The cost of food is slightly below the national average in Canada. Fruits and vegetables are about 13% less expensive than the national average. This is quite significant if you eat a vegetarian diet or if you are simply a vegetable enthusiast. This is unusual for a small town as food is generally more expensive in small communities that cater to tourists. 

Health care and the cost of transportation are right around the national average for Canada. However, you should expect to pay more for utilities. This is something to take into serious consideration as Ontario is notoriously cold. Health care is a bit more expensive than it is in the rest of Canada.

Overall, Innisfil is considerably less expensive than other parts of Ontario. With its friendly citizens and its beautiful natural areas, Innisfil is well worth the price you will pay to live there. 

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