Shawinigan is an affordable place to live compared to other parts of Quebec. The median price of a single-family home came in at $163,500 in the second quarter of 2021.
In Montreal, the median price is more than four times higher: $725,000 for a single-family home on the island. And the median price for a single-family home in Quebec City ($310,000) is nearly twice as much as Shawinigan.
Another item to consider about living in Shawinigan is the cost of auto insurance. Quebec is known for its low insurance rates. In 2020, the average annual insurance premiums were $717 versus $1,832 in British Columbia and $1,528 in Ontario.
When you add up the cost of a home and auto insurance rates, Shawinigan is a much less expensive place to live compared to Canada’s largest cities.