Open ProvincesCost of living in Prince Edward Island: prices, rent, wages and taxes
Inflation, rents, gasoline, earnings, median income and tuition in Prince Edward Island, from official statistics updated automatically.
Key numbers
| Indicator | Prince Edward Island | Canada | Period |
|---|---|---|---|
| Inflation over 12 months | 5.7% | 3.1% | 2026-09 |
| Average weekly earnings | $1,179 | $1,355 | 2026-08 |
| Median after-tax income (households) | $65,900 | $75,500 | 2024 |
| Median hourly wage | $28.33 | $32.00 | 2026-10 |
| Average undergraduate tuition | $8,691 | $8,021 | 2026 |
| Minimum wage (per hour) | $17.30 | – | 2026-11 |
| Sales tax (combined) | 15% | – | 2026-11 |
Sources: Statistics Canada (updated automatically), official provincial pages and the Canada Revenue Agency.
Rent
| City | 1 bedroom | 2 bedrooms |
|---|---|---|
| Charlottetown | $1,066 | $1,354 |
| Summerside | $963 | $1,241 |
CMHC average rents, 2025. Renting guide →
Gasoline
| City | Regular (¢/L) | A year earlier |
|---|---|---|
| Charlottetown–Summerside | 206.7 | 152.8 |
Monthly average, 2026-09. Statistics Canada, 18-10-0001-01.
Compare and calculate
General information, not legal or financial advice. Figures show their source and the date they were read; confirm with the official body before making a decision.
Guides for this province
- Renting in Prince Edward Island: rights, rent increases and average rents
- Working in Prince Edward Island: minimum wage, standards and wages
- Moving to Prince Edward Island: health card, driver's licence and taxes
- Cost of living in Prince Edward Island: prices, rent, wages and taxes
- Buying a home in Prince Edward Island: land transfer tax, rebates and first-time buyer help
- Health care in Prince Edward Island: health card, drug plans and dental help
- Studying in Prince Edward Island: tuition, student aid and grants
- Seniors in Prince Edward Island: pensions, supplements and programs
- Taxes in Prince Edward Island: income tax rates, sales tax and take-home pay (2026)
- Families in Prince Edward Island: child benefits and family programs
- Immigrating to Prince Edward Island: nominee program, steps and processing times