Canada has cheapest PS5 and Xbox Series S consoles in the West
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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.