Nova Scotia is one of the Maritime and Atlantic provinces in Canada. With stunning offshore islands, gorgeous beaches, and charming waterfront cities, you won’t be disappointed with the beauty of the province. Living in Nova Scotia is definitely cheaper compared to other provinces in Canada like Ontario or British Columbia. However, if you are looking to maximize your money, here are the top 5 cheapest places to live in Nova Scotia with the best quality of life in 2024.
Cheapest places to live in Nova Scotia
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1. Trenton
- Known for its manufacturing history
- Population: 2,407
- Average monthly rent: $500
- Average property buying cost: $160,000
Known for its manufacturing history, Trenton is affordable, with an average property buying cost of $160,000 as of December 2023 and an average monthly rent of $500 as of January 2024. This neighborhood is an ideal haven for families on a budget. Just 1.5 hours from Halifax, NS, Trenton blends natural beauty, recreational offerings, and affordability, making it a desirable place to call home.
Trenton is a small town of 2,407 residents. It has the 565-acre Trenton Steeltown Park with two ball fields, a skateboard park, a tennis court, and the Trenton Minor Sports Community Centre. The park also offers 6.5 km of walking and hiking trails and fishing ponds amidst century-old coniferous trees, which locals can enjoy. During the summer, families can enjoy the family-friendly amenities at Trenton Park, including a playground and a 3000-square-foot family swimming pool.
Statistics Canada (2021), Redfin (Dec 2023) & Kijiji (Jan 2024)
Trenton, NS
2. Yarmouth
- Offers an affordable maritime living experience
- Population: 7,848
- Average monthly rent: $1,700
- Average property buying cost: $202,499
Yarmouth, the regional center of Southwestern Nova Scotia, boasts a population of 7,848 residents, doubling on weekdays due to its bustling local activity. With over 260 years of rich history, 15 parks, and trails, the town is renowned for stargazing. Positioned in southwestern Nova Scotia, it offers an affordable maritime living experience, making it ideal for families—both current residents and potential newcomers—providing a cost-effective lifestyle without compromising the charm of coastal living.
Affordable housing options are available in Yarmouth, with an average property buying cost of $202,499 as of December 2023, and an average monthly rent of $1,700 as of January 2024, making it an attractive choice for families and those seeking budget-friendly living in a vibrant community.
Statistics Canada (2021), Redfin (Dec 2023) & Kijiji (Jan 2024)
Yarmouth, NS
3. Amherst
- Promotes activities to foster a cost-saving community
- Population: 9,548
- Average monthly rent: $1,033
- Average property buying cost: $209,900
Amherst, the largest town in Cumberland County, Nova Scotia, is a growing community with 9,548 residents. Positioned as Nova Scotia’s historic border town, it serves as the first stop for visitors from NB and is conveniently located near the Bay of Fundy and Northumberland Shore. Offering affordable living, with an average property buying cost of $209,900 as of December 2023 and an average monthly rent of $1,033 as of January 2024, Amherst is an ideal option for families and individuals seeking budget-friendly housing.
Locals can enjoy various family-friendly amenities like the Amherst Point Bird Sanctuary, Nova Scotia Welcome Centre, Mrs. Pugsley’s Emporium, Deanne Fitzpatrick Studio, and Maritime Mosaic. For active families, Amherst’s community aims to make it the healthiest and most active community in Nova Scotia, providing both cost savings and a focus on community health events.
Statistics Canada (2021), Redfin (Dec 2023) & Kijiji (Jan 2024)
Amherst, NS
4. New Glasgow
- Stands as commercial-service center in Nova Scotia
- Population: 19,316
- Average monthly rent: $1,286
- Average property buying cost: $234,400
New Glasgow is known as a picturesque riverside town with 19,316 residents in northern Nova Scotia and stands as the commercial-service center for the region, embodying the metropolitan hub of the Northumberland Shore with a rich Scottish heritage. Positioned along the East River, it features a scenic riverfront, including the illuminated New Glasgow Marina and the 2.5-mile Samson Trail for outdoor activities that locals can enjoy.
Serving as the gateway to Pictou County and Nova Scotia’s north coast, it’s conveniently reached by car or bus from Halifax. Known for its affordability, New Glasgow offers an average property buying cost of $234,400 as of December 2023 and an average monthly rent of $1,286 as of January 2024, making it an attractive and cost-effective choice for families and individuals seeking a beautiful and budget-friendly place to live, surrounded by natural beauty and family-friendly amenities.
Statistics Canada (2021), Redfin (Dec 2023) & Kijiji (Jan 2024)
New Glasgow, NS
5. Bridgewater
- Cost of living is low compared to Halifax
- Population: 8,790
- Average monthly rent: $1,322
- Average property buying cost: $354,900
Bridgewater, a town in Lunenburg County with 8,790 residents, offers an affordable living option with an average property buying cost of $354,900 as of December 2023 and an average monthly rent of $1,322 as of January 2024. Making it an attractive choice for families seeking affordability without compromising the quality of life.
Nestled along the LaHave River, outdoor enthusiasts can engage in activities like kayaking, fishing, and sailing, while the town’s wooded parks spanning approximately 100 acres provide space for strolling, sports, and relaxation. The Centennial Trail offers a 5-mile route for hiking and cycling during the summer and cross-country skiing in the winter. Locals mention online that Bridgewater is more affordable than Halifax.
Statistics Canada (2021), Redfin (Dec 2023) & Kijiji (Jan 2024)
Bridgewater, NS