PE
vs
ON
Charlottetown vs Waterloo Cost of Living (2026)
Waterloo is about 27% more expensive than Charlottetown, mostly because of rent. A 1-bedroom rents for $1,900 a month in Waterloo vs $1,450 in Charlottetown.
The Verdict
Living in Waterloo is 27% more expensive than living in Charlottetown overall.
Charlottetown / month
$1,950
Waterloo / month
$2,430
Rent, groceries and transit for one person.
Salary match: what you'd need to earn
Salary in Charlottetown
$100,000
Take-home $69,789 · $5,816/mo
Needed in Waterloo
$126,613
Take-home $91,085 · $7,590/mo
To keep the same lifestyle in Waterloo you'd need $26,613 more a year (+27%).
Take-home is after 2026 federal and provincial income tax, CPP/QPP and EI for an employee. Cost of living weighs rent, groceries and transit.
Expense Breakdown
Average Rent
1-Bed City Center
Charlottetown
$1,450
31% more expensive
Waterloo
$1,900
Groceries
Monthly Basket (1 Person)
Charlottetown
$430
0% more expensive
Waterloo
$430
Transportation
Monthly Transit Pass
Charlottetown
$70
43% more expensive
Waterloo
$100
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