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Nanaimo offers a more laid-back lifestyle with its stunning natural surroundings, including forests, mountains, and beaches, making it a paradise for outdoor enthusiasts. Its generally more affordable in terms of housing and living costs compared to Victoria.
Average Cost of Living per Month in Nanaimo The average cost of living in Nanaimo is $3,526/month for a single person who rents. This average is based on many factors including the cost of housing, transportation, groceries, and entertainment.
As of Feb 25 the average annual salary in Nanaimo is $41,926. Just in case you need a simple salary calculator, that works out to be approximately $20.16 an hour. This is equivalent of $806 a week or $3,493 a month. Most salaries in Nanaimo range between $33,500 (25th percentile) to $48,750 (75th percentile) annually.
As one of the fastest growing cities in Canada, attraction to Nanaimo is driven by our central location, enjoyable west coast lifestyle, employment opportunities, close proximity to cities of Vancouver and Victoria, and our stunning natural environment of ocean and mountains.
What is the best area to live in Nanaimo? Essentially anywhere north of central Nanaimo is a great area to live in. Dover Bay, Hammond Bay, and Departure Bay are all sought-after areas in Nanaimo. Theyre peaceful, with lots of nature around, making them perfect for anyone who loves the outdoors.

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Founded as Colvilletown around a Hudsons Bay Company trading post, it developed after 1849 when coalfields were discovered nearby by local Indigenous people. In 1860 the settlement was renamed Sne-ny-mo (whence Nanaimo) from an Indigenous word meaning a big, strong tribe, which was applied to a tribal confederation.
This city offers one of the best lifestyles for retirees and families looking to relocate to a safe West Coast community with excellent outdoor activities without the congestion and stress of a major city.

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