How much does it cost to move out in Victoria?

The total upfront cost to move out in Victoria typically ranges from CA$5,000 to CA$8,000, depending on your apartment and setup needs. This includes first month's rent (CA$2,000), security deposit (CA$1,000), and move-in essentials.

What salary do I need to rent an apartment in Victoria?

Following the 30% rule, you'd need a monthly income of at least CA$6,667 (CA$80,000/year) to comfortably afford the average 1BR in Victoria. Many landlords require proof of income 2-3x the monthly rent.

Is Victoria expensive to live in?

Victoria has a cost of living index of 120 compared to the US average of 100. This means it's 20% more expensive than the national average. Housing is the biggest factor, with average rents of CA$2,000/month for a 1BR.

How much should I save before moving to Victoria?

We recommend saving at least CA$10,000 to CA$14,000 before moving to Victoria. This covers upfront costs (CA$5,000-CA$7,000) plus a 2-3 month emergency fund.

What are the hidden costs of moving to Victoria?

Beyond rent and deposit, budget for: utilities setup (CA$100/month), internet (~CA$70/month), renters insurance (~CA$20/month), moving costs (CA$200-CA$1,500), and household essentials (CA$500-CA$2,000).

Can I afford to live alone in Victoria?

To live alone in Victoria, you need a stable income of at least CA$80,000/year and savings of CA$10,000+. If your income is lower, consider getting a roommate - this can reduce your housing costs by 30-40% and make Victoria more affordable.

What is the average rent in Victoria in 2026?

As of 2026, the average rent in Victoria is CA$2,000/month for a 1-bedroom apartment and CA$2,500/month for a 2-bedroom. Prices vary by neighborhood - areas outside the city center tend to be 10-20% cheaper.

How much is a security deposit in Victoria?

Security deposits in Victoria typically equal 0.5 month of rent (CA$1,000 for an average 1BR).

Is Victoria a good place for first-time renters?

Victoria is suitable for first-time renters with steady income. The rental market offers good options for newcomers. Use our calculator to determine if Victoria fits your budget.

How long does it take to save to move out in Victoria?

If you can save CA$1,000/month, you'll need about 10 months to save enough for Victoria. With more aggressive saving (CA$1,600/month), you could be ready in 7 months. Our calculator shows your personalized timeline.

CanadaCost Index: 120

Victoria, BC Move Out Calculator: How Much Do You Need to Move Out?

Planning to move out in Victoria? Find out exactly how much money you need with our free move-out calculator. In Victoria, the average 1-bedroom apartment costs CA$2,000/month, you'll need approximately CA$6,000 in upfront costs, and a minimum salary of CA$80,000/year to live comfortably. Victoria is considered a moderate cost city - use the calculator below to get your personalized budget.