Quick Answer: Why Is Yellowknife So Expensive?

Is it expensive to live in Yellowknife?

The average cost of living in Yellowknife is $2017, which is in the top 4% of the most expensive cities in the world, ranked 313th out of 9294 in our global list, 3rd out of 153 in Canada, and 1st out of 1 in the Northwest Territories.

Is Yellowknife a good place to live?

A Great place to Raise Kids Yellowknife is a young community with a median age of 33.4. That’s seven years younger than the Canadian average, according to Statistics Canada. For more reasons on why Yellowknife is a great place to live, take a look at our Community Profile.

How much do you get paid to live in Yellowknife?

That wage varies depending on location: In Yellowknife it’s $23.95 per hour; in Hay River, $24.75 and in Inuvik $23.78. Calculated using the Canadian Living Wage Framework, it’s a basic approach, covering cost of living expenses like shelter, food and clothing, in addition to government benefits.

What is the average house price in Yellowknife?

The association suggests the average price of a home in the Northwest Territories rose from $296,817 in February 2020 to $439,591 in just one year. But Adrian Bell, a broker at Century 21 Prospect Realty, said the data relies on a small sample size that can be skewed by a single sale.

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How long is winter in Yellowknife?

The cold season lasts for 3.5 months, from November 23 to March 7, with an average daily high temperature below 8°F. The coldest day of the year is January 15, with an average low of -21°F and high of -7°F.

What language do they speak in Yellowknife?

Most Inuktitut speakers live in Yellowknife (34.8%), Fort Smith (15.9%), and Hay River (11.9%). Inuktitut is also an official language of Nunavut. Inuvialuktun speakers may refer to Inuvialuktun itself, or one of its dialects/sub-dialects, as Siglitun or Uummarmiutun.

How cold does Yellowknife get?

Yellowknife topped many winter weather lists, including coldest year round, longest snow cover, most cold days and most extreme wind chill. With average winter temperatures of -28.9 degrees, Phillips says Yellowknife holds lots of cold weather records, including extreme wind chill.

How much snow does Yellowknife get?

How Much Snow Normally Accumulates in Yellowknife. For about 192 days, more than half the year, Yellowknife has at least a centimetre of snow on the ground. In mid-winter the snowpack averages 29 to 35 cm deep. The snow is usually at its deepest in March.

Do you get paid to live in NWT?

The Northwest Territories cost of living offset is a tax-free amount paid to individuals and families to help offset the cost of the Northwest Territories carbon tax.

Why do people move to Northwest Territories?

The territory is known for its low unemployment, high median income, and excellent job opportunities as well as spectacular nature. The Northwest Territories are a great choice for adventurous immigrants who wish to learn about new cultures.

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What is it like living in NWT?

Residents across the north are welcoming, friendly, we enjoy a relaxed, culturally rich lifestyle and have the most spectacular natural scenery. In the NWT, there is always something to keep you busy and there are a myriad of activities to choose from.

Why are houses in Yellowknife so expensive?

In Yellowknife the supply is extremely limited and the demand is so high that mobile homes are selling for over $100,000. Hous- ing is so expensive that many Yellowknife residents live in a campground for the entire summer, because that is all they can afford or because they simply cannot find accomondation elsewhere.

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