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Expat Exchange - Cost of Living in Waterloo 2024
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Cost of Living in Waterloo

By Betsy Burlingame

AGS Worldwide Movers
AGS Worldwide Movers

Summary: Understanding the the cost of living in Waterloo helps a newcomer what to expect when it comes to apartment or house hunting, grocery shopping, transportation, dining out, utilities and more.

Cost of Living in Waterloo - Cost of Living in Waterloo

Cost of Living Waterloo
Apartment Rentals Rent for a one-bedroom apartment in the city center of Waterloo is around €800 per month. Rent for a three-bedroom apartment in the city center is around €1,200 per month. Rent for a one-bedroom apartment outside the city center is around €650 per month. Rent for a three-bedroom apartment outside the city center is around €900 per month.
Apartment Purchases The average price for a one-bedroom apartment in the city center of Waterloo is around €150,000. The average price for a three-bedroom apartment in the city center is around €200,000. The average price for a one-bedroom apartment outside the city center is around €120,000. The average price for a three-bedroom apartment outside the city center is around €160,000.
Transportation A monthly public transport ticket in Waterloo costs around €50. A one-way ticket costs around €2. A taxi ride from the city center to the airport costs around €30.
Groceries A liter of milk costs around €1. A loaf of bread costs around €1.50. A dozen eggs costs around €2. A kilogram of local cheese costs around €7. A kilogram of apples costs around €2.50.
Restaurants A meal at an inexpensive restaurant costs around €15. A three-course meal for two people at a mid-range restaurant costs around €50. A cappuccino costs around €2.50.
Utilities Basic utilities for an 85m2 apartment, including electricity, heating, water, and garbage, costs around €150 per month. Internet costs around €30 per month.
Private School Tuition Preschool tuition costs around €1,000 per month. Elementary school tuition costs around €1,500 per month. Middle school tuition costs around €2,000 per month. High school tuition costs around €2,500 per month.

Monthly Budget for Retirees in Waterloo

"The cost of living in Waterloo is generally considered to be relatively moderate, and comparable to other mid-sized cities in Canada," said one expat living in Waterloo.

"The cost of living in Waterloo is generally considered to be quite reasonable. Groceries, transportation, and utilities are all relatively affordable, while rent prices can vary depending on the area. Eating out can be a bit more expensive, but there are plenty of affordable restaurants and cafes to choose from. Overall, Waterloo is a great place to live with a reasonable cost of living," wrote a member in Waterloo.

Can I live in Waterloo on $1,500 a month?

"I've been living in Waterloo for a while now, and I can tell you that it's possible to live on $1,500 a month, but you'll have to make some sacrifices. First, you'll need to find a more affordable neighborhood to live in. I'd recommend looking into areas like Mont-Saint-Jean or Braine-l'Alleud, which are a bit further from the city center but still have good access to public transportation. These areas tend to have lower rent prices compared to more central neighborhoods like Faubourg and Chenois.When it comes to housing, you'll probably have to settle for a smaller apartment or even consider sharing a place with roommates to save on rent. Utilities can also be quite expensive, so try to find a place with good insulation and energy-efficient appliances to keep your bills low.For groceries, I'd recommend shopping at discount supermarkets like Aldi or Lidl, which offer good quality products at lower prices. You can also save money by cooking at home more often and limiting how often you eat out or order takeout.When it comes to transportation, consider using public transportation or even biking instead of owning a car. The cost of owning a car in Belgium can be quite high, especially when you factor in insurance, fuel, and parking. Public transportation in Waterloo is quite reliable, and you can save money by purchasing a monthly pass.As for entertainment and socializing, you'll have to be more selective about the activities you choose. Instead of going out to bars and restaurants frequently, consider hosting potlucks or game nights with friends at home. You can also take advantage of the many free or low-cost cultural events and attractions in the area, like visiting museums on free admission days or attending local festivals.In summary, living on $1,500 a month in Waterloo is doable, but you'll need to be mindful of your spending and make some sacrifices in terms of housing, transportation, and entertainment. By being resourceful and budget-conscious, you can still enjoy a comfortable life in this beautiful Belgian town," commented an expat living in Waterloo.

Can I live in Waterloo on $3,500 a month?

"I've been living in Waterloo for a while now, and I can tell you that it's definitely possible to live comfortably on $3,000 a month, but you'll have to make some sacrifices. First, you'll need to find an affordable place to live. I'd recommend looking for an apartment in neighborhoods like Mont-Saint-Jean or Faubourg Ouest, as they tend to be more budget-friendly. You might have to settle for a smaller place or one that's a bit older, but it's still possible to find something nice.On the other hand, I'd avoid neighborhoods like Chenois or Centre, as they tend to be more expensive and might be out of your budget. When it comes to transportation, you can save money by using public transportation or biking instead of owning a car. The bus system here is pretty reliable, and there are also train stations nearby if you need to travel to other cities.For groceries and other essentials, you'll want to shop at discount supermarkets like Aldi or Lidl, which offer lower prices than some of the other grocery stores in the area. Eating out can be expensive, so you'll probably want to cook most of your meals at home. However, there are some affordable restaurants and cafes in the area if you want to treat yourself occasionally.In terms of entertainment, there are plenty of free or low-cost activities to enjoy in Waterloo and the surrounding areas. You can visit local parks, go for hikes, or explore nearby historical sites like the Lion's Mound. There are also some affordable movie theaters and bars in the area if you're looking for a night out.Overall, living on $3,000 a month in Waterloo is doable, but you'll need to be mindful of your spending and make some sacrifices. By choosing an affordable neighborhood, using public transportation, and being smart about your grocery shopping and entertainment choices, you can make it work," said one expat living in Waterloo.

Can I live in Waterloo on $5,000 a month?

"I've been living in Waterloo for a while now, and I can tell you that it's definitely possible to live comfortably on $5,000 a month, even if you're used to modern amenities. However, you might have to make some sacrifices in terms of the neighborhood you choose to live in and the size of your apartment.Waterloo is a pretty expensive area, especially if you want to live close to the city center. The most expensive neighborhoods are around the Chaussee de Bruxelles and the Waterloo Battlefield. If you want to live in these areas, you might have to settle for a smaller apartment or share a place with someone else to make it work within your budget.On the other hand, there are more affordable neighborhoods in Waterloo, such as Mont-Saint-Jean and Faubourg Ouest. These areas are still close to the city center and have good public transportation connections, but the rent prices are more reasonable. You can find a decent-sized apartment or even a small house within your budget in these neighborhoods.In terms of other expenses, groceries and utilities are relatively affordable in Belgium, so you shouldn't have too much trouble staying within your budget. However, eating out and entertainment can be quite expensive, so you might have to cut back on those if you want to make your $5,000 a month work.Overall, it's definitely possible to live comfortably in Waterloo on $5,000 a month, but you'll have to be smart about your housing choices and be prepared to make some sacrifices in terms of your lifestyle," commented an expat living in Waterloo.

About the Author

Betsy Burlingame Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.

Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.


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