The cost of living in this region is low compared to other regions in Canada and around the world. The average cost for a brand new home is $231,919 (keep in mind that this is the average for homes of all sizes; you can easily find single family homes for a lower cost).

The average cost for a one-bedroom apartment is $600 per month. Public transit (as of 2003) cost only $2 per person per ride (with children five and under riding for free). The cost of a brand new, Mazda6 starts at $25,495.

As you can see, while the cost of living is not exceptionally low, for a great location like Waterloo, Ontario, it is fairly reasonable.