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Cost of Living in Mississauga & Other Vital Details

Updated on 07 November, 2023

Neha Uppal

Neha Uppal

Sr. Content editor

Mississauga is one of Canada’s most prominent cities, known for its historical and cultural legacy over the years. While learning about the cost of living in Mississauga is essential, gaining some helpful details about the city and its key parameters always come in handy. 

 

Location

Mississauga is a regional municipality of Peel and is situated in southeastern Ontario. It is positioned at the western point of Lake Ontario, while Toronto lies to its southwest. Mississauga became a city in 1974 and is today a thriving industrial hub and suburb of Toronto. 

Climate

Mississauga has warm and comfortable summers along with freezing and chilly winters. There is snowfall in the winter, while the weather also stays cloudy throughout the year. The temperature range is usually from 17-79 degrees Fahrenheit. 

Major Attractions 

Mississauga has several attractions and landmarks, including its pristine waterfront with 22 parks. Port Credit is a beautiful place beside the shimmering waters, offering great walking trails, retail stores, parks, restaurants, and even a charming lighthouse. The Square One shopping mall is another popular landmark and has been catering to residents for close to five decades. It offers 300+ retail outlets, including top global brands. The Jack Darling Memorial Park is all about wonderful picnics, tennis, playgrounds, and many other attractions for families. Celebration Square is another outdoor hub with regular events, performances, and delicious food, along with farmer’s markets. 

Key Highlights/Rankings 

  • Site Selection magazine ranked the EDO (Economic Development Office) of the City of Mississauga in the top 20 local and regional groups working to position their municipalities as the best locations in Canada for 2022. 
  • Mississauga houses the country’s biggest and most popular airport, namely the Pearson International Airport. 
  • Mississauga has several flourishing business sectors, including technology, biomedical and pharmaceutical industries, automotive industries, consumer products, finance, aerospace, and telecommunications. 
  • The city has more than 55,000+ businesses along with 400,000+ employees working here. It also has more than 1,300 multinational companies and 61 corporate head offices of Fortune 500 Canadian companies. 
  • It is the third largest FIRE (finance, insurance, real estate) hub in all of North America. 
  • FDI Magazine declared Mississauga as the number 1 mid-sized American City of the Future for 2013-14, while it earned an AAA credit rating from 2003 onwards courtesy of Standard & Poor’s Ratings Services. 
  • There are 480+ woodlands and parks in the city for residents to explore. 

Cost of Living in Mississauga (housing, food, travel, healthcare, entertainment, etc.)

The cost of living in Mississauga, Canada is delineated below. This will give aspiring residents an idea of the average living expenses in Mississauga each month before moving in. These figures are reported by Numbeo. 

Food- 

  • Meal for Two (Cheap Restaurant)- CAD15
  • Meal for Two (Mid-Range Restaurant)- CAD80
  • Milk (1 litre)- CAD2.37
  • Bread (500g)- CAD2.88
  • Rice (1 kg)- CAD2.91
  • Eggs (12)- CAD4.01
  • Chicken Fillets (1 kg)- CAD12.06
  • Apples (1 kg)- CAD4.07
  • Bananas (1 kg)- CAD1.39
  • Oranges (1 kg)- CAD3.44

Transportation- 

  • One-Way Ticket- CAD4
  • Monthly Transport Pass- CAD144.50

Utilities- 

  • Electricity, Heating, Garbage, Cooling, Water- CAD169.04
  • Internet- CAD74

Entertainment and Recreation- 

  • Fitness Club- CAD56.88
  • Tennis Court Rental- CAD34 per hour 
  • Movie Ticket- CAD13.38

Housing- 

  • 1 bedroom rental- CAD2,173.53 in the city centre and CAD1,892.73 outside the city centre. 
  • 3 bedroom rental- CAD3,254.17 in the city centre and CAD2,861.54 outside the city centre.

Top Universities 

A big part of Mississauga living costs for students is their tuition fees, health insurance, and other related expenses. Here’s looking at the same for Mississauga’s premier educational institution. 

University NameTuition FeesAccommodationHealth InsuranceBooks & Supplies
University of Toronto CAD58,210-67,430 per year CAD11-16,000 per year CAD756CAD1,000-2,000 

This guide will give students an estimate of living costs and tuition fees alike, while also helping them prepare for Mississauga’s unique lifestyle simultaneously. Mississauga promises a wonderful experience for all newcomers, especially with a warm and inviting environment. 

Frequently Asked Qiestions

Is Mississauga expensive to live in?

Mississauga is a moderately expensive city to live in. The average living cost for a single individual who rents a home is around CAD3,571 per month in the city. 

How much money do you need to live comfortably in Mississauga?

A family of four members will require CAD3,225.1 every month without rent. Adding rent into the mix will take this up to around CAD6-7,000. Hence, a salary that is closer to CAD9-10,000 would be comfortable for a four-member family in Mississauga. 

Neha Uppal

Sr. Content editor

Neha Uppal is a passionate content creator and editor. She carries 7.5+ years of experience working with leading edutech companies where she worked as a Faculty, Community Manager, and Content Marketeer. At upGrad, she is helping out people keep informed about the scopes and opportunities of studying abroad via informational articles/blogs.

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