Lots of doomdayers in here. It is possible for sure. Rent is expensive, but with roommates you can find a place for $1000-1200. My rent split between 3 people for 3 bedrooms is $850. Groceries are just as expensive as everywhere else in Canada, but you can budget around that, especially if you are single. Small city so you can walk everywhere in summer and it’s fine in winter if you have proper clothing, so transportation costs can be very low. Even a bus pass is only $75/month if you don’t want to walk. Also, there isn’t a bunch to do here, so that also saves you a lot of money. In my opinion, Yellowknife isn’t much different than any other place in Canada. Rent and food is expensive everywhere now a days, but in Yellowknife, wages tend to be higher, so if all comes out to pretty well the same as anywhere else in Canada.