10 Most Expensive Places in Nunavut

Nunavut, a vast and beautiful territory in Canada’s Arctic region, is known for its stunning landscapes, unique wildlife, and rich Inuit culture. However, living in Nunavut can come with a hefty price tag. In this article, we will explore the 10 most expensive places to live in Nunavut, taking into account factors such as housing costs, transportation expenses, and the overall cost of living.

1. Iqaluit

As the capital city of Nunavut, Iqaluit tops the list as one of the most expensive places to live in the territory. The high cost of living in Iqaluit can be attributed to various factors, including the limited availability of housing, high transportation costs due to its remote location, and the high demand for goods and services.

2. Rankin Inlet

Rankin Inlet is another community in Nunavut where the cost of living is significantly higher than in other parts of Canada. The limited availability of housing, coupled with the high cost of transportation and goods, contributes to the inflated prices in this town.

3. Arviat

Arviat, a small Inuit community located on the western shore of Hudson Bay, is known for its high cost of living. The remote location and limited access to resources, along with the high demand for goods and services, make Arviat one of the most expensive places to reside in Nunavut.

4. Baker Lake

Baker Lake, situated inland, is another community in Nunavut with a high cost of living. The transportation costs associated with delivering goods to this remote location, along with the limited availability of housing, contribute to the overall high expenses in Baker Lake.

5. Cambridge Bay

Cambridge Bay, a vibrant community located on Victoria Island, faces high costs of living primarily due to its remote location. The transportation costs required to bring goods and services to the area significantly impact the overall cost of living in Cambridge Bay.

6. Pond Inlet

Pond Inlet, located on the northern tip of Baffin Island, is famous for its stunning landscapes and wildlife. However, living in this remote community can be quite expensive. The limited availability of housing, coupled with high transportation costs, contributes to the high cost of living in Pond Inlet.

7. Chesterfield Inlet

Chesterfield Inlet, a small community situated on the western shore of Hudson Bay, is known for its high living expenses. The remote location and limited resources make it challenging to maintain affordable prices for goods and services in this area.

8. Kugluktuk

Kugluktuk, an Inuit hamlet located at the mouth of the Coppermine River, faces high costs of living. The remote location and limited access to resources, coupled with the high transportation costs, contribute to the overall high expenses in Kugluktuk.

9. Whale Cove

Whale Cove, a small community located on the western shore of Hudson Bay, is also considered one of the most expensive places to live in Nunavut. The remote location and limited availability of housing and resources contribute to the high cost of living in Whale Cove.

10. Qikiqtarjuaq

Qikiqtarjuaq, situated on Broughton Island, is another community in Nunavut that faces high living expenses. The limited access to resources, coupled with high transportation costs, makes Qikiqtarjuaq one of the most expensive places to reside in Nunavut.

Living in any of these requires careful financial planning and budgeting due to the high cost of housing, transportation, and goods. However, it is important to note that despite the expensive nature of these communities, they offer unique cultural experiences, breathtaking natural landscapes, and a close-knit community that is truly priceless.

Note: This article contains information based on current research and may be subject to change. It is always advisable to conduct further research and seek professional advice when considering living in any location with high living expenses.

FAQ

Q1: What factors contribute to the high cost of living in Nunavut?

A1: The high cost of living in Nunavut can be attributed to factors such as limited availability of housing, high transportation costs due to remote locations, and the high demand for goods and services.

Q2: Which city in Nunavut is the most expensive place to live?

A2: Iqaluit, the capital city of Nunavut, is considered the most expensive place to live in the territory.

Q3: What are some other expensive communities in Nunavut?

A3: Rankin Inlet, Arviat, Baker Lake, Cambridge Bay, Pond Inlet, and Chesterfield Inlet are all known for their high cost of living in Nunavut.

Q4: Why do remote locations in Nunavut have higher living expenses?

A4: Remote locations in Nunavut have higher living expenses due to the transportation costs associated with delivering goods and services, limited availability of housing, and limited access to resources.