location_city BC vs location_city ON

Kelowna vs Waterloo Cost of Living (2026)

Kelowna is about 9% more expensive than Waterloo, mostly because of rent. A 1-bedroom rents for $2,100 a month in Kelowna vs $1,900 in Waterloo.

The Verdict

Living in Waterloo is 8% cheaper than living in Kelowna overall.

Kelowna / month

$2,635

Waterloo / month

$2,430

Rent, groceries and transit for one person.

Your salary in Kelowna $

Salary in Kelowna

$100,000

Take-home $75,373 · $6,281/mo

Needed in Waterloo

$91,507

Take-home $68,257 · $5,688/mo

To keep the same lifestyle in Waterloo you'd need $8,493 less a year (−8%).

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.

real_estate_agent

1-Bed City Center

Kelowna

$2,100

10% cheaper

Waterloo

$1,900

shopping_cart

Monthly Basket (1 Person)

Kelowna

$440

2% cheaper

Waterloo

$430

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Monthly Transit Pass

Kelowna

$95

5% more expensive

Waterloo

$100

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