Cost of Living: Compare Canadian city costs and build a budget framework with our Canadian Cost of Living Guide.
PEI minimum wage 2026
The minimum wage in Prince Edward Island is $16.50 per hour (effective April 1, 2026).
PEI reviews its minimum wage annually and adjusts the rate based on the Consumer Price Index (CPI) and economic conditions on the island.
PEI minimum wage as an annual salary (2026)
| Period | Amount |
|---|---|
| Hourly | $16.50 |
| Daily (8 hours) | $132.00 |
| Weekly (40 hours) | $660.00 |
| Biweekly | $1,320.00 |
| Monthly | $2,860.00 |
| Annual | $34,320 |
These are gross (before-tax) amounts based on a standard 40-hour workweek. Use the PEI hourly-to-salary calculator to see your after-tax take-home pay.
PEI minimum wage history
| Year | Minimum Wage | Effective Date |
|---|---|---|
| 2026 | $16.50 | April 1, 2026 |
| 2025 | $16.00 | October 1, 2024 |
| 2024 | $16.00 | October 1, 2024 |
| 2023 | $15.40 | April 1, 2023 |
| 2022 | $13.70 | October 1, 2022 |
| 2021 | $13.00 | April 1, 2021 |
How PEI compares to other provinces (2026)
| Province / Territory | Minimum Wage |
|---|---|
| Nunavut | $19.00 |
| British Columbia | $18.27 |
| Ontario | $17.60 |
| Yukon | $17.94 |
| Nova Scotia | $15.65 |
| Prince Edward Island | $16.50 |
| New Brunswick | $16.05 |
| Alberta | $15.00 |
| Saskatchewan | $15.00 |
Cost of living in PEI
PEI has historically been one of Canada’s more affordable provinces, but housing costs in Charlottetown have risen significantly in recent years:
- Housing — Charlottetown average home prices around $370,000–$400,000
- Rent — Two-bedroom apartments average $1,600–$2,000/month in Charlottetown
- HST — PEI charges 15% HST (5% GST + 10% provincial); see the PEI sales tax calculator
Related guides
- PEI hourly-to-salary calculator — Convert hourly wage to annual salary
- PEI mortgage rates 2026 — Compare current rates
- PEI mortgage affordability calculator — What home can you afford?
- PEI land transfer tax calculator — Tax on home purchases
- PEI sales tax calculator — 15% HST explained
- NB minimum wage 2026 — Compare to New Brunswick rates
Minimum wages across Canada
Compare the income to Canada's minimum wage or other provinces:
Sources
- Government of Prince Edward Island. “Employment Standards Act — Minimum Wage.” princeedwardisland.ca
- Statistics Canada. “Consumer Price Index, annual average, not seasonally adjusted.” www150.statcan.gc.ca
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