Canada has the cheapest PS5 and Xbox Series S consoles in the West
Image courtesy of Paxful

The question of where to find the cheapest PlayStation 5 (PS5) and Xbox Series S consoles in North America has been answered. Those looking to snag the latest offerings from Sony and Microsoft likely won’t find a better price than in Canada. In fact, Canada has the cheapest next-gen consoles in the Western world and is only behind a handful of Asian countries overall, according to a recent study.

The cheapest next-gen consoles outside Asia

According to a study by Paxful, the new digital edition of the PlayStation 5 costs $492.72 in Canadian dollars. That translates to just $385.95 USD and gives Canada the second-cheapest PS5 on the planet, behind only Japan by just $2.95 USD. It’s also less than half the cost of the same console in Brazil, the most expensive country on the list at $790 USD.

Rank Country Retail price in USD Retail price in CAD
1 Japan $383.00 CA$489.13
2 Canada $385.95 CA$492.72
3 Cambodia $398.86 CA$509.20
4 Kyrgyzstan $399.00 CA$509.38
4 Macao $399.00 CA$509.38
6 Thailand $399.74 CA$510.37
7 United States $399.99 CA$510.69
8 Hong Kong $410.33 CA$523.88
9 Pakistan $418.99 CA$534.94
10 Kuwait $440.53 CA$562.44
60 Brazil $790.00 CA$1,008.73

The study found similar results in pricing for the Xbox Series S. The latest console from Microsoft retails for just $377.62 CAD, which equates to $295.69 USD. This puts Canada behind only Japan, Hong Kong and Macao for the cheapest Series S on the planet. Here, the most expensive console was found in Argentina, where it costs almost three times as much, at $810.77 USD.

Rank Country Retail price in USD Retail price in CAD
1 Japan $286.40 CA$365.70
2 Hong Kong $294.11 CA$375.55
3 Macao $294.17 CA$375.68
4 Canada $295.69 CA$377.62
5 United States $299.99 CA$383.12
6 Indonesia $306.98 CA$391.97
7 Switzerland $332.17 CA$424.14
8 United Kingdom $335.10 CA$427.83
9 Taiwan $335.99 CA$428.97
10 UAE $340.05 CA$434.15
69 Argentina $810.77 CA$1,035.19

The most affordable PS5 and Xbox Series S

The same study, using income data from Numbeo, found that the low retail prices for these systems, combined with a relatively high average monthly income in Canada, also made the country one of the most affordable for picking up a new console. At a monthly income of $3,077 CAD after taxes, the average Canadian would only need to set aside 15.4% of their paycheck to pick up a PS5 Digital Edition or 11.8% to pick up an Xbox Series S.

Using the same metric, the most affordable consoles overall were found in Switzerland (7.2% of a monthly pay check for the PS5, 5.3% for Xbox) and the United States (11.3% for PS5, 8.4% for Xbox). In terms of affordability, the most expensive were once again Brazil and Argentina. The average Brazilian consumer would need to shell out 221.8% of their salary to grab a PS5, or more than double what they make in a month. Similarly, in Argentina, an Xbox Series S costs 182.9% of the average monthly income.

All tables in this post were provided by Paxful. Any currency conversion referred to in the above data was calculated by Paxful on Feb. 1.

Taha Zaidi
Pizza. Music. Baseball. Wrestling. Netflix. If society thinks it's a waste of time, I'm probably addicted to it. Also, I write about stuff sometimes.