When moving from Australia to Canada or vice versa, one of the biggest factors to weigh before taking the leap is how their cost of living compares.
Both countries offer a high quality of life, excellent healthcare, and strong job markets, but expenses can vary significantly depending on location, lifestyle, and personal needs. From housing and groceries to healthcare and transportation, understanding how costs compare can help individuals and families make informed financial decisions.
At Overseas Packers & Shippers, we are trusted international removalists with extensive experience helping people relocate between Canada and Australia. We have compiled the top comparisons shared by our expats on Reddit, breaking down the key cost differences to give you a clearer picture of what to expect when living in Australia vs Canada.
Wages and Taxes: Striking the Right Balance
Source: https://www.reddit.com/r/AusFinance/comments/18lukb5/how_are_things_in_australia_vs_canada/
When comparing wages and taxes between Canada and Australia, the differences can have a significant impact on overall affordability. A major financial advantage of working in Australia is the superannuation system, which requires employers to contribute an additional 11% of an employee’s salary to a retirement fund. This ensures long-term financial security without employees needing to make extra contributions themselves.
Canada does not have a mandatory employer-funded pension system, meaning retirement savings often rely on voluntary contributions to private or government-supported plans. Salaries in some industries tend to be lower in Canada compared to Australia, making retirement savings even more challenging without employer support. For those prioritising long-term financial stability, Australia’s superannuation system provides a significant advantage.
Health and Well-Being: A Look at Healthcare and Quality of Life
Source: http://reddit.com/r/expats/comments/101hyge/australia_and_canada_how_do_they_compare/
As Australia’s healthcare system becomes more privatised, the cost of medical care continues to rise, leading to significant out-of-pocket expenses for patients. Bulk-billing doctors are becoming increasingly difficult to find, particularly in remote areas, which forces many to pay substantial gap fees for basic GP visits and routine treatments. This growing financial burden makes access to affordable healthcare more challenging, especially for those without private insurance. As a result, easy access to healthcare in Australia is becoming increasingly challenging, especially for those without private insurance.
In contrast, Canada’s healthcare system remains largely publicly funded to offer more accessible and affordable medical care. One of the standout benefits, particularly for those looking to start a family, is Canada’s generous maternity and paternity leave. Parents in Canada can take up to 52 weeks of leave, whereas in Australia, the duration and support for parental leave largely depend on employer policies.
The reduced financial burden of healthcare in Canada, combined with stronger family-focused policies, makes it an appealing option for those planning to grow their family.
Housing and Everyday Expenses: Living Costs Uncovered
When it comes to housing, Canada and Australia share similar costs in major cities, though prices can vary significantly depending on location. In Vancouver, renting a one-bedroom apartment in an older building is typically comparable to an equivalent property in Brisbane. Buying property follows a similar trend, with a one-bedroom apartment in Vancouver costing around $650,000–$750,000 CAD, which is on par with Sydney, yet nearly double the price in Brisbane and 1.5 times higher than in Melbourne. Given the exchange rate (1 CAD = 1.14 AUD), the overall affordability of housing depends largely on which city you’re comparing.
For day-to-day expenses, Australia is generally similar to or slightly cheaper than Canada, though the initial “sticker shock” when dining out is common. However, this is offset by the fact that taxes are already included in prices, and tipping is not required in Australia.
Ultimately, for Canadians moving to Australia, the cost of living will feel very similar, while Australians moving to Canada, and particularly Vancouver, may face a pay cut and higher living costs compared to back home. While some expenses are cheaper in Australia and others in Canada, the overall financial impact of relocating between the two countries is fairly balanced.
Lifestyle and Culture: Which Suits You Best?
The lifestyles, cultural experiences, and financial adjustments between Canada and Australia are unique, with the better choice ultimately coming down to personal preference.
For those who love winter activities, Canada has a clear advantage. With better snow conditions and more accessible winter sports, skiing and snowboarding are a major part of the culture. On top of its picturesque and adventurous experiences, private transportation is more affordable in Canada with personal vehicles being budget-friendly, along with workplace health benefits including perks like massages, counselling, and optical care to enhance overall quality of life.
On the other hand, if you prefer warmer weather and beach life, Australia has the edge you’re looking for. With stunning beaches and warm ocean water, it’s ideal for those who love swimming, surfing, or just relaxing by the coast. In terms of day-to-day convenience, Australia’s simplified tax system and work conditions tend to be better, with stronger leave entitlements and higher wages. Many cities offer a great balance of lifestyle and affordability, making it an attractive place to live and work.
Ultimately, whether Canada or Australia offers the best lifestyle depends on what you value most: adventure-filled winters and affordable perks, or year-round sunshine and a more relaxed work-life balance.
Final Thoughts on Canada vs. Australia: Which is Better?
Deciding between Canada and Australia ultimately comes down to personal priorities and lifestyle preferences. Canada excels in winter sports, breathtaking mountain landscapes, and family-friendly policies like generous parental leave and accessible healthcare, making it an appealing choice for those looking to start a family or embrace outdoor adventures.
Australia offers warm beaches, a more relaxed work-life balance, and better pay, which can be ideal for those who prioritise higher wages and year-round sunshine. While the cost of living is fairly comparable between the two, differences in wages, housing prices, and taxation systems can affect financial comfort depending on the city and industry.
In the end, whether Canada or Australia is the right fit depends on what you value most: snow-capped peaks or sun-soaked shores, structured benefits or higher salaries, a winter wonderland or a beachside paradise.
Contact Overseas Packers & Shippers
Whether you’re deliberating over moving from Australia to Canada or moving from Canada to Australia, reach out to the international moving company at Overseas Packers & Shippers for all of your moving and overseas shipping needs. Contact us today!
