#1Labrador City
Newfoundland and Labrador · 7,965 peopleOverall A+·#44 of 2,556
Strongest: jobs & income A+, cost of living A+·lowest: hazard risk D−
Labrador City, #1 on this list · Photo: Quintin Soloviev (CC BY 4.0)Newfoundland and Labrador · 2026
Most affordable towns in Newfoundland and Labrador
Happy Valley-Goose Bay is second (A) and Channel-Port aux Basques third (A). Of the 32 on the list, 9 earn an A. The list ends with St. John's, at C−. Labrador City is #2 of 2,580 on the list for all of Canada. Of the places on this list, 5 make the national top 100. First place in Newfoundland and Labrador goes to Labrador City, with A+.
Cost of living grade: the owners’ median home value and a year’s rent, each against the place’s own household income How grades work
#1A+Cost of living
#2Happy Valley-Goose Bay
Newfoundland and Labrador · 8,197 peopleOverall B·#1,062 of 2,556
Strongest: hazard risk A+, jobs & income A·lowest: safety D−
#3Channel-Port aux Basques
Newfoundland and Labrador · 3,379 peopleOverall B·#977 of 2,556
Strongest: cost of living A, walkability A−·lowest: health C
All 32, ranked in Newfoundland and Labrador
Best first in Newfoundland and Labrador; beside each place, its rank on the same list for all of Canada.
32 places
#TownCost of livingCanada rankWhat drives it
1Labrador City7,965 peopleA+#2 of 2,580Strongest: jobs & income A+, cost of living A+·lowest: hazard risk D−
2Happy Valley-Goose Bay8,197 peopleA#50 of 2,580Strongest: hazard risk A+, jobs & income A·lowest: safety D−
3Channel-Port aux Basques3,379 peopleA#57 of 2,580Strongest: cost of living A, walkability A−·lowest: health C
4Division No. 7, Subdivision E2,632 peopleA#69 of 2,580Strongest: hazard risk A, cost of living A·lowest: health D−
6Logy Bay-Middle Cove-Outer Cove2,601 peopleA−#105 of 2,580Strongest: jobs & income A+, hazard risk A·lowest: walkability C−
7Division No. 8, Subdivision L2,724 peopleA−#163 of 2,580Strongest: hazard risk A, cost of living A−·lowest: jobs & income D−
10Portugal Cove-St. Philip's9,167 peopleB+#194 of 2,580Strongest: hazard risk A, jobs & income A·lowest: walkability C
18Bishop's Falls3,162 peopleB#380 of 2,580Strongest: cost of living B, walkability C+·lowest: hazard risk D
20Harbour Grace2,872 peopleB#447 of 2,580Strongest: hazard risk A, cost of living B·lowest: jobs & income D
21Conception Bay South29,725 peopleB#461 of 2,580Strongest: hazard risk A, jobs & income B+·lowest: safety C
22Grand Falls-Windsor14,510 peopleB#462 of 2,580Strongest: walkability B, cost of living B·lowest: hazard risk D
23Botwood2,884 peopleB−#476 of 2,580Strongest: hazard risk A, walkability B+·lowest: jobs & income D
24Spaniard's Bay2,664 peopleB−#588 of 2,580Strongest: hazard risk A, cost of living B−·lowest: jobs & income D−
26Corner Brook20,549 peopleC+#735 of 2,580Strongest: hazard risk A−, walkability B+·lowest: health C
27Division No. 1, Subdivision E2,978 peopleC+#749 of 2,580Strongest: hazard risk A, cost of living C+·lowest: jobs & income D−
29Carbonear5,041 peopleC+#864 of 2,580Strongest: hazard risk A, walkability B·lowest: jobs & income D
30Mount Pearl24,266 peopleC#1,009 of 2,580Strongest: hazard risk A, jobs & income B+·lowest: cost of living C
31Stephenville6,840 peopleC−#1,210 of 2,580Strongest: walkability A−, hazard risk B+·lowest: safety D
32St. John's128,693 peopleC−#1,407 of 2,580Strongest: hazard risk A, walkability A·lowest: cost of living C−
Rankings
More lists for Newfoundland and Labrador
All listsBest places to liveBest small townsMost affordableSafestHealthiestJobs & incomeMost walkableLowest hazard riskCivic lifeHighest incomesFastest-growingMost historicMost bilingualYoungestOldestMildest wintersColdest wintersWarmest summersCoolest summersFewest frostsLeast snowSnowiestDriestWettest
Province by province
Most affordable elsewhere
Photos: Labrador City, Quintin Soloviev (CC BY 4.0) · Happy Valley-Goose Bay, Shawn from Airdrie, Canada (CC BY-SA 2.0) · Channel-Port aux Basques, Quintin Soloviev (CC BY 4.0), via Wikimedia Commons.
Sources: TownRatings grades: our own summary of the data, ranking Canadian towns against each other only, run #73 of 10 November 2026. Under the Statistics Canada Open Licence.
Adapted from Statistics Canada (Census of Population 2021, population estimates 2025, 2021 census boundaries) under the Statistics Canada Open Licence; this does not constitute an endorsement by Statistics Canada. Neighbourhood names in some cities © OpenStreetMap contributors (ODbL).