Cost of Living

Cost of living is a key determinent as to whether your employees can afford to live where they work. A company's ability to hire from a local employment base results in staff who are equally committed to the company and the community in which they work and live. And that can only increase morale and motivation.

The city of Thorold offers a competitive cost of living, bolstered by strong residential growth and minimal tax increases. The chart below provides a comparison of the cost of living between Niagara and other Ontario municipalities.

 

Cost of Living - Selected Census Metropolitan Areas (CMA), 2012

Niagara has a relatively low cost of living when compared to other regions in Ontario, as illustrated in the table below. This results in a higher quality of life for those making modest incomes. Also, workers tend to earn lower wages in Niagara compared to other regions in Ontario; however, quality of life is not compromised because the cost of living tends to be lower. This results in the very high level of worker retention for companies in Niagara.

Cost of Living - Niagara

CMA Food Shelter Clothing Transport Health, Personal Care Recreation,
Reading &
Education
Taxes &
Securities
Other Total
Expend-itures
St. Catharines-Niagara $7,118 $14,279
$2,845 $10,006 $3,052 $5,472 $18,495 $10,609 $71,876
London $7,681 $15,472 $3,218 $10,445
$3,218 $6,009 $20,522 $11,212 $77,777
Windsor $7,639 $15,699 $3,162 $10,692 $3,240 $5,985 $20,652 $11,202 $78,272
Hamilton $8,212 $17,021 $3,476 $11,010 $3,444 $6,429 $22,777 $11,845 $84,215
Kitchener-Cambridge-
Waterloo
$8,226 $17,349 $3,477 $11,386 $3,451 $6,571 $23,273 $12,088 $85,820
Toronto $9,121 $19,515 $4,365 $11,605 $3,662 $6,881 $27,212 $12,604 $94,967

Source: FP Markets-Canadian Demographics, 2012 (Estimates)

Cost of Living - Thorold

CMA Food Shelter Clothing Transport Health,
Personal
Care
Recreation,
Reading &
Education
Taxes &
Securities
Other Total
Expend-
itures
Thorold $7,301 $14,935 $2,856 $10,809 $3,126 $5,653 $19,628 $11,008 $75,315
Fort Erie $6,706 $12,956 $2,610 $9,393 $2,968 $4,994 $15,858 $10,035 $65,521
Lincoln $7,803 $16,553 $3,169 $12,370 $3,325 $6,702 $22,565 $12,267 $84,754
Niagara Falls 6,924 $13,853 $2,823 $9,409 $2,887 $5,235 $17,995 $10,152 $69,277
Niagara-on-the-Lake $8,281 $17,531 $3,472 $13,445 $3,794 $7,441 $25,225 $13,730 $92,919
Pelham $9,131 $20,283 $3,750 $14,318 $3,879 $7,776 $27,754 $13,937 $100,828
Port Colborne $6,794 $13,343 $2,588 $9,197 $2,936 $5,119 $16,898 $10,226 $67,099
St. Catharines $7,041 $13,991 $2,811 $9,402 $3,006 $5,250 $17,791 $10,272 $69,564

Source: FP Markets-Canadian Demographics, 2012 (Estimates)

Household and Per Capita Income: Selected Census Metropolitan Areas (CMA), 2012

CMA 2012 Average
Household
Income
2012 Average
Income
Per Capita
St. Catharines-Niagara $74,367 $30,366
Thunder Bay $72,912 $31,486
Greater Sudbury/Grand Sudbury
$78,172 $33,060
Windsor $82,701 $33,021
Kingston $80,091 $33,468
London $82,288 $34,238
Hamilton $90,500 $35,593
Kitchener-Cambridge-Waterloo $92,529 $35,794
Oshawa $97,359 $36,445
Toronto $104,811 $37,613
Ottawa-Gatineau $95,906 $39,049

Source: FP Markets-Canadian Demographics, 2012 (Estimates)

Travel to Work

Commute times are an important part of a person’s quality of life and have a significant impact on the cost of living. In Thorold, more than 80 per cent of workers live less than 15 minutes from their place of work, a statistic that illustrates the city's central location in the region, and proximity to everything they need.

Median Distance:
7.0 km
Number of Commuters % of Commuters
Less than 5 km      2,770 
34.3
5.0 - 9.9 km     
2,605 32.2
10.0 - 14.9 km       
1,360 16.8
15.0 - 24.9 km       
480 6.0
25 km or more      
865
10.7
Total        
  100

Source: Statistics Canada, 2006 Census, “Employed labour force1 15 years and over having a usual place of work in occupied private dwellings by commuting distance2, 2006 counts, for Canada, census metropolitan areas and census agglomerations, and component census subdivisions (municipalities) – 20% sample data”, http://www.statscan.com