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- The cost of living in Prince Edward Island is $1404, which is 1.32 times less expensive than the average in Canada. Prince Edward Island ranked 12th most expensive and 11th best state to live in Canada. The average salary after taxes in Prince Edward Island is $1584, which is enough to cover living expenses for 1.1 months.Learn more:The cost of living in Prince Edward Island is $1404, which is 1.32 times less expensive than the average in Canada. Prince Edward Island ranked 12th most expensive and 11th best state to live in Canada. The average salary after taxes in Prince Edward Island is $1584, which is enough to cover living expenses for 1.1 months.livingcost.org/cost/canada/peOne of the most important factors to consider when choosing where to live is the cost of living, so, is it expensive to live in Prince Edward Island? Relatively speaking the answer is “no.” The province is cheaper than others when it comes to the price of housing, food, and even utilities.newcanadianlife.com/pros-and-cons-of-living-in-pri…
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