Cost of Living

The cost of buying a house is on average with the larger centers in Newfoundland and Labrador. Real Estate continues to increase in value and is a sound investment.

A three-bedroom house can range from $120,000 for an older home up to $350,000 for the newly-built one. It is important to remember that when buying a home in Stephenville, you will have additional expenses such as legal fees, insurance fees, and taxes.

The residential Property Tax rate in Stephenville is 7.5 mils or $7.50 per thousand dollars of assessed value.

Example:
$200,000 Assessed Value
x .0075 Mil Rate
$ 1,500 Property Tax Yearly
336 Water and Sewer Rate yearly
$ 1,836 Total Municipal Tax

The cost of food and other goods and services are the same as the other major centers in Newfoundland and Labrador and are available here in Stephenville.