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Cost of Living in Peterborough for Students [Updated Prices 2024]

By UniAcco
November 28, 2024 •
Cost of Living In Peterborough, Ontario

If you’re planning to attend university in Peterborough, you may be curious about how much it will cost to live in this attractive city. Peterborough, located in the heart of the Kawarthas, provides students with a lively arts and cultural scene, beautiful natural settings, and an inclusive community. Nonetheless, the cost of living in Peterborough for students, like any other city, can vary based on aspects like housing, transportation, food, and entertainment. Whether you are a local student or relocating to Peterborough from the outside, our aim is to help you in navigating the costs of living in this wonderful city so that you can focus on what is most important – your education and appreciating everything Peterborough has to offer!

The overall living expenditures for an international student at Peterborough are influenced by a number of parameters. This is mostly due to the way of life chosen and the financial limits. For international students, the average monthly cost of living in Peterborough is between CAD 2,791 and CAD 3,702. Numerous factors influence students’ living expenditures. In this guide, we’ve broken down each of these factors to help students manage their budgets.

Cost Of Living Calculator

DescriptionCost (£)
Total Cost of Accommodation100
Total Cost of Transport50
Total Cost of Utilities30
Total Cost of Food70
Total Estimated Cost250

What Is The Cost Of Living In Peterborough For Students?

Here’s a breakdown of the average monthly cost of living in Peterborough for international students –

Expense CategoryEstimated Cost (CAD)
Accommodation (Off-Campus)600 – 948
Accommodation (On-Campus)948 – 1,500
Food (Groceries)200-290
Eating Out200 – 400
Transportation55 – 64
Utilities100 – 150
Entertainment & Recreation156
Miscellaneous Expenses150 – 300

Cost Of Groceries In Peterborough

Grocery shopping in Peterborough, Canada, provides residents with a variety of options for fresh produce, dairy, and pantry staples. With both local markets and larger grocery chains available, shoppers can find quality ingredients at competitive prices. Whether you’re looking for everyday essentials or specialty items, Peterborough’s grocery scene caters to diverse needs and budgets.

Grocery ItemPrice Range (CAD)
Milk (regular, 1 liter)2.25 – 5
Fresh White Bread (500g)2 – 5
Rice (white, 1kg)2 – 10
Eggs (regular, 12)3 – 7
Local Cheese (1kg)9 – 18
Chicken Fillets (1kg)6 – 30
Beef Round (1kg)5 – 51
Apples (1kg)7 – 8
Bananas (1kg)1 – 3
Oranges (1kg)4 – 9
Tomatoes (1kg)3.50 – 7
Potatoes (1kg)1 – 8
Onions (1kg)1 – 4.40
Lettuce (1 head)2 – 4
Water (1.5 liter bottle)1 – 5

This table highlights the average costs and price ranges for essential grocery items in Peterborough, allowing residents to plan their shopping effectively while enjoying the variety available in local stores and markets.

Cost Of Transport In Peterborough

Transportation in Peterborough, Canada, is both accessible and affordable, making it easy for residents and students to navigate the city. The local transit system offers a variety of fare options to suit different commuting needs. 

Cost Of Leisure and Fitness In Peterborough

Leisure and fitness options in Peterborough cater well to students looking to maintain an active lifestyle without breaking the bank. The city offers a variety of gyms and fitness centers, each providing flexible membership plans that suit student budgets. For instance, The Gym Group offers no-contract memberships making it an affordable choice for students. Additionally, local recreation centers provide access to fitness classes, swimming pools, and sports facilities at discounted rates for students. With these options, students can easily incorporate fitness into their daily routines while enjoying the vibrant community atmosphere that Peterborough has to offer.

Fitness OptionAverage Cost (CAD)Details
Gym Membership (The Gym Group)30No contract, starting at CAD 30/month
Monthly Pass (Sport & Wellness Centre)27Student rate for unlimited access
Fitness Classes10 – 20Per class fee, varies by provider
Swimming Pool AccessIncluded with membershipAccess to public swim sessions
Personal Training Sessions50 – 100Per session fee, varies by trainer

Cost Of Utilities 

Utilities in Peterborough, Canada, are essential for maintaining a comfortable living environment, especially for students who often need to manage their budgets carefully. The average monthly cost for basic utilities, which include electricity, heating, cooling, water, and garbage collection for an 85m² apartment are as follows:

Utility TypeAverage Cost (CAD)Price Range (CAD)
Basic Utilities (Electricity, Heating, Cooling, Water, Garbage)160160 – 408
Mobile Phone Monthly Plan (Calls + 10GB Data)138 – 17
Internet (60 Mbps+, Unlimited Data)3925 – 50

With UniAcco, students don’t have to worry about the utilities as our properties come inclusive of basic utilities, that makes your student life seamless and a fun experience. 

Cost Of Tuition In Peterborough

Average Annual Cost: CAD 14,000 to CAD 29,000

As an international student considering studying in Peterborough, one of the most important factors to consider is the cost of tuition. The cost of tuition in Peterborough can vary depending on the university and programme you choose. There are two main universities in Peterborough: Trent University and Fleming College. Trent University is a public research university, while Fleming College is a community college that focuses on career-oriented programmes.

The cost of tuition at Trent University for international undergraduate students ranges from approximately $26,000 to $29,000 CAD per academic year, depending on the programme. For international graduate students, the cost of tuition ranges from approximately $19,000 to $25,000 CAD per academic year.

At Fleming College, the cost of tuition for international students ranges from approximately $14,000 to $17,000 CAD per academic year, depending on the programme.

It’s important to keep in mind that these are average annual prices and that the actual cost of tuition can vary depending on the programme and other factors such as scholarships and bursaries.

Cost Of Transportation In Peterborough

Average Cost Per Month: CAD 64

Transportation can be an important consideration when it comes to managing your budget. Luckily, Peterborough has a range of affordable transportation options that can help you get around the city.

 

One popular option for students is the city’s transit system, known as the Peterborough Transit. The transit system operates buses throughout the city, with fares starting at $3.00 CAD for a single ride. Students can purchase a monthly bus pass for approximately $75 CAD, which can offer significant savings over the cost of individual rides. The bus system is also accessible for students with disabilities.

Another popular transportation option in Peterborough is cycling. The city has a network of bike lanes and trails, making it easy and safe to get around by bike. Many international students choose to purchase or rent a bike, which can be a more affordable and environmentally-friendly option compared to driving or taking public transit.

For longer trips, such as travel to other cities or the airport, there are also several car rental companies in Peterborough. Rental rates can vary depending on the company and the type of vehicle, but students can expect to pay around $40 to $60 CAD per day for a compact or economy car.

Cost Of Food & Other Necessities In Peterborough

Average Cost Per Month: CAD 537 to CAD 787

The cost of living in Peterborough is generally lower than in larger Canadian cities, but it can still be a significant expense for students especially if you don’t plan your meals. One of the best ways to save money on food is to cook your own meals. Grocery stores like No Frills, Walmart, and Sobeys offer a range of affordable options for students. It’s possible to purchase a week’s worth of groceries for around $50 to $75 CAD, depending on your dietary needs and preferences.

If you prefer to eat out, there are many affordable options in Peterborough. Local favourites like The Spill Café, Apollo Grill, and The Only Café offer affordable meals and drinks, with prices ranging from around $8 to $15 CAD per meal.

Other necessary expenses to consider include rent, utilities, and healthcare. The cost of rent in Peterborough can vary depending on the location and type of accommodation, with prices ranging from around CAD 537 to CAD 787 per month. Utilities such as internet, heat, and electricity can cost around CAD 150 – CAD 166 per month, depending on usage. International students in Canada are required to have health insurance, which can cost around $600 to $800 CAD per year.

Cost Of Books In Peterborough

One of the necessary expenses you’ll need to budget for is the cost of books. The cost of living in Peterborough for students also includes additional course & material costs. 

Depending on your programme and courses, textbooks and other materials can add up to a significant expense over the course of your academic year. The cost of textbooks can vary depending on the course and the edition of the book required. On average, students can expect to spend around $500 to $1,000 CAD per academic year on textbooks and other course materials.

One way to save money on textbooks is to purchase used books or rent them. The Trent University and Fleming College bookstores offer used and rental options for many textbooks, which can save students up to 50% of the cost of a new book. Another option is to purchase textbooks online. Websites like Amazon, AbeBooks, and Chegg offer new and used textbooks at competitive prices, and some even offer free shipping to Canada. However, it’s important to check with your professor to ensure that you’re purchasing the correct edition of the textbook and any required accompanying materials.

Additionally, some professors may offer alternative materials such as online resources or course packs, which can be a more affordable option compared to traditional textbooks.

Cost Of Entertainment & Recreation In Peterborough

Average Cost Per Month: CAD 156

There are many affordable options for entertainment and recreation in the city. Whether you enjoy outdoor activities or cultural experiences, there are plenty of options that won’t break the bank. One of the most popular outdoor recreation spots in Peterborough is the Trent-Severn Waterway, which offers opportunities for canoeing, kayaking, and fishing. Other parks and trails in the area, such as Jackson Park and the Rotary Greenway Trail, provide opportunities for hiking, cycling, and other outdoor activities.

For cultural experiences, there are several museums and galleries in Peterborough, such as the Art Gallery of Peterborough and the Canadian Canoe Museum. These museums and galleries often have affordable admission prices, and some offer free admission on certain days or times.

The city also has a vibrant arts and culture scene, with frequent concerts, festivals, and performances throughout the year. Many of these events are free or low-cost, such as the Peterborough Folk Festival and the Peterborough Musicfest.

In terms of dining and nightlife, there are many affordable options in Peterborough, such as local pubs and restaurants like The Black Horse Pub and The Night Kitchen. Movie theatres like Galaxy Cinemas and drive-in theatres like the Lindsay Twin Drive-In offer affordable entertainment options as well.

Minimum Wage In Peterborough

The minimum wage for students in Peterborough, Ontario, is aligned with the provincial minimum wage set by the government of Ontario. As of October 2024, the minimum wage in Ontario is CAD 17.20 per hour. This rate applies to all workers, including students, regardless of their age or employment status. Students can earn this wage through part-time jobs, internships, or summer employment while studying. It’s important for students to consider this wage when budgeting for their living expenses in Peterborough, as it provides a baseline for income that can help cover costs such as rent, groceries, and transportation.

Canada Visa Costs 

For students planning to study in Peterborough, Canada, understanding the visa costs is essential for budgeting. The primary fee associated with obtaining a study permit is CAD 150. This fee applies to new applications and extensions of existing permits. If a student needs to restore their status as a student, the combined cost for restoring status and obtaining a new study permit is CAD 379. Additionally, if a student requires a temporary resident permit, the fee is approximately CAD 230. These costs are crucial for international students to consider as they plan their educational journey in Canada.

FAQs

Q1. Is it expensive to live in Peterborough for students?

Living in Peterborough is generally considered affordable for students. The average monthly cost of living is approximately CAD 2,791, which is lower than in larger Canadian cities, making it a manageable option for many international students.

Q2. Where do students live in Peterborough?

Students in Peterborough typically live in various accommodations, including on-campus residences at institutions like Trent University and Fleming College, as well as off-campus options such as private apartments and shared houses. Popular choices include purpose-built student accommodations like Taverners Hall and various rental properties available through local listings.

Q3. Which is the best student accommodation in Peterborough?

Ans: Students can choose from different housing options in Peterborough, all of which are within easy reach from their university and are stacked with a plethora of facilities and amenities. Listed below are some of the best and cheap student accommodations in Peterborough – Beautiful House in the Hempstead area, Entire House Available – UBK-409263, Hargate House – UBK-402335

Q4. What is the cost of living in Ontario for international students per month?

International students should estimate their monthly cost of living in Ontario to be between CAD 1,416 and CAD 3,000. This range varies based on lifestyle choices, accommodation type, and specific city expenses within the province.

Q5. What are the advantages of living in Peterborough?

Living in Peterborough, Ontario, offers several advantages, including affordable housing compared to larger cities, a vibrant community with access to outdoor activities, and a convenient location near major urban centers like Toronto. Additionally, the city has a welcoming atmosphere with friendly residents and a range of local amenities and cultural events.

Thank you for reading this blog on the Cost of living in Peterborough for students. If you’d like to read more, here are some other blogs of interest –

UniAcco - Affordable and Comfortable Student Accommodations

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