Cost of living and prices in Iqaluit, prices of food, rent, shopping, etc. 🇨🇦
Updated Jul 2023

If you're heading to Iqaluit, Canada, you won't be disappointed with the variety of dining options available. The region's cuisine is heavily influenced by Inuit culture, and you'll find plenty of local dishes on restaurant menus. For a casual meal, stop by one of the many cafes or bistros that offer sandwiches, salads, and soups. If you're in the mood for something fancier, there are several upscale restaurants that feature international cuisine. And for those who want to try traditional Inuit cuisine, there are a few restaurants that specialize in dishes like caribou stew and Arctic char. No matter what you're in the mood for, you're sure to find something delicious in Iqaluit!

One of the most unique dining experiences you can have in Iqaluit is a traditional Inuit feast. These feasts, which are often hosted in a communal igloo-like structure called a qamutik, feature dishes like raw fish, caribou, and whale blubber. The feasts are a way for Inuit communities to come together and celebrate their culture, and they're a great way for visitors to learn more about Inuit traditions. If a traditional Inuit feast isn't your thing, there are also several food festivals throughout the year that showcase the region's cuisine. Whether you're looking for a fine dining experience or a taste of local culture, you won't be disappointed with the dining options in Iqaluit.

Market prices in Iqaluit, Canada can be quite high due to the geographic location and limited access to resources. As a result, many goods that are commonly found in other parts of Canada can be hard to come by and may be more expensive when available. This means that residents in Iqaluit often pay higher prices for groceries, clothing, and even household items compared to other parts of the country.

However, despite the high prices, there are also unique local products available that cannot be found anywhere else. For example, fresh Arctic char, caribou meat, and arts and crafts made by Inuit artists are popular items in the local markets. These products are not only delicious and beautiful, but they also provide a connection to the rich culture and heritage of the Inuit people who have lived in this region for thousands of years. Despite the challenges, the market prices in Iqaluit reflect the unique and valuable offerings of this Northern community.

If you're looking for a unique way to get around Iqaluit, consider checking out the snowmobile tours that are available. Snowmobiling is a popular form of transportation in the area, and it's also a fun way to explore the beautiful landscape. You'll have the chance to zoom across frozen lakes and tundras, taking in stunning views of the Arctic scenery. There are guided tours available that cater to both beginners and experienced riders, so anyone can participate. It's a thrilling way to experience the great outdoors and see a side of Iqaluit you won't soon forget.

If you're in town for business or simply want a quick and easy way to get around, consider using the local taxi service. Taxis are readily available throughout Iqaluit, and they're a convenient choice for those who want to get from point A to point B quickly. The drivers are knowledgeable about the area and can recommend places to visit or eat along the way. Additionally, most taxis are equipped with heaters to keep you warm during the colder months. Whether you're in town for a short visit or plan to stay awhile, taking a taxi can be a hassle-free way to navigate the city.

Travelers to Iqaluit, Canada should be aware of the sky-high utilities cost in the region. Due to the remote location and extreme climate, the cost of electricity, heating, and other utilities can be significantly higher than other areas in Canada. This is because the community relies on diesel generators to provide electricity, which is costly to transport and maintain. Additionally, the harsh climate requires heavy use of heating and insulation, which further drives up the cost of utilities.

It is important to budget for these high utility costs when traveling to Iqaluit. Many residents use energy-saving techniques and limit their use of electricity during peak hours to help keep costs down. Travelers can also consider staying in accommodations that have energy-efficient measures in place to help reduce overall expenses. Despite the high cost, many visitors find that the unique experiences and stunning natural scenery in the area are well worth it.

If you're a sports enthusiast, Iqaluit is an ideal destination for you. With its breathtaking landscapes and abundance of natural beauty, the region offers a variety of outdoor activities that will make your heart race with excitement. One of the most popular sports in Iqaluit is hiking, and with the vast network of trails that traverse the Arctic terrain, you'll be spoilt for choice. You can also try your hand at kayaking, fishing, or even dog sledding. In the winter months, skiing, snowboarding, and snowmobiling are some of the most popular sports that visitors can indulge in. So, whatever your inclination, Iqaluit has something to offer that will get your adrenalin pumping!

When you're looking to unwind and relax after a day of heart-pumping activities, Iqaluit has plenty of leisurely options as well. One of the best ways to take in the scenery and marvel at the natural beauty of the region is to go on a boat tour. Visitors can also take part in cultural tours and learn about the history and customs of the Inuit communities that live in the region. Iqaluit also has a thriving arts and craft scene, and visitors can shop for handmade items that reflect the unique culture and history of the area. And, of course, no visit to any part of Canada is complete without indulging in some delicious local cuisine. So, make sure to take time out to explore the local restaurants and cafes and sample some of the mouth-watering dishes that Iqaluit has to offer.

Salaries and financing in Iqaluit, Canada can be quite different from other parts of the country due to its remote location and unique economy. The cost of living is generally higher in Iqaluit, which means that salaries tend to be higher to match. However, it's important to keep in mind that while there may be more money to go around, expenses like groceries, housing, and transportation can still be quite costly.

Financing also plays a key role in life in Iqaluit. Many people opt to work for government agencies or in the private sector, while others may rely on traditional Inuit practices like hunting and fishing to make ends meet. There are also various financing options available, such as government funding for small businesses or loans for home renovation projects. Overall, visitors to Iqaluit should be prepared to manage their finances carefully and be creative when it comes to earning income and managing expenses.

Childcare prices in Iqaluit, Canada are among the highest in the country. The cost of sending your child to a school or kindergarten in Iqaluit can put a significant strain on your finances, especially for families with multiple children.

Schools and kindergartens in Iqaluit offer a high quality of education and care for children, but the cost reflects the remote location and unique challenges of the area. Despite the high prices, many families in Iqaluit choose to prioritize their children's education and well-being by investing in these services.

If you're planning a stay in Iqaluit, Canada, there are many options available for short-term rental accommodations. From cozy apartments to spacious homes, there's something to fit every need and budget. Some rentals offer stunning views of the surrounding landscape, while others are conveniently located near local attractions and amenities. With so many choices available, it's easy to find the perfect home away from home in Iqaluit!

Whether you're visiting for a weekend or for an extended stay, short-term rental options in Iqaluit provide all the comforts and conveniences of home. From fully equipped kitchens to comfortable bedrooms, these rentals offer a stress-free and affordable way to experience the beauty and culture of the Canadian Arctic. Some options even come with added amenities, such as in-suite laundry, free Wi-Fi, and cable TV. With so many great choices at your fingertips, there's no reason to stay in a cramped hotel room when you visit Iqaluit!

Real estate buying options in Iqaluit, Canada, are quite limited due to the geographical location and harsh climate. However, the few available options are unique and offer picturesque views of the surrounding tundra and sea. Most houses are designed to withstand the extreme weather conditions and come with modern amenities such as generators, water tanks, and heating systems. If you're looking for a modern home in Iqaluit, be prepared to pay a premium price due to the high cost of construction and transportation of materials. However, if you're willing to compromise on modernity and opt for a more traditional Inuit-style home, you can find some relatively affordable options.

Real estate prices in Iqaluit, Canada, are influenced by various factors, including location, size, age, and style of the house. Since most of the supplies and materials have to be transported from other parts of Canada, the cost of living and construction is relatively high. Additionally, the demand for housing is high due to the limited options available, which has led to an increase in prices over the years. Despite this, Iqaluit has a relatively stable housing market, with prices remaining relatively constant over the years. Ultimately, your budget and personal preferences will determine the type of home you can afford in Iqaluit, but be prepared to pay a little extra for the unique and stunning location.