Cost of Living
Are you planning to move into a new city but are wondering if the move would be financially good for you and your family? Then you’ll probably want to include the Cost of Living in Calgary, Canada, as part of your research.
Cost of Living is the various expenses you’ll have to spend to maintain a relatively good quality of life. If you plan to move to Calgary for a new job, then comparing the various factors affecting the Cost of Living with your current city would be a great way to identify whether or not the move would be profitable for you in the long run.
As long-time residents and professional realtors, we understand intimately the various needs of clients planning a move into Calgary from outside the city. We’ve created an overview on the Cost of Living topic in our city for your convenience.
Calgary is a significant city center home to 1.4 million residents with a total land area of 825 square kilometers. The city had a steady population growth in the last ten years except for a slight dip from 2014 to 2016.
Calgary is a metropolitan city in Alberta, known for its beautiful skyline. The city boasts a well-developed business district and serves as the center of Canada’s oil industry. Other industries in Calgary include financial services, film and television, transportation and logistics, technology, manufacturing, aerospace, healthcare, retail, tourism, and energy.
Calgary has the highest income per capita in the country at $59,907. The minimum wage in the city is $15 per hour and ranks at the top in labor productivity throughout Canada. If you’re looking for good job opportunities, you’ll find many good options here.
Factors Affecting Cost of Living in Calgary
There are several factors that affect the overall Cost of Living in a particular area. We provide concrete examples on some of these factors for reference.
Calgary provides a robust public transportation system for its many residents and commuting population coming into the city daily for work.
Several highways pass through the city, branching out to every direction from Calgary. Mass transportation available to residents includes bus stops and strategically placed light rail stations. Residents can also use various ride-sharing apps and taxi services to get around the city. The typical cost for a single-journey ticket is $3.30, while a monthly pass will cost you around $103. The price for a liter of gas is $1.57.
Calgary International Airport provides domestic and international flights to passengers traveling into and out of the city. There are also smaller regional airports in surrounding towns outside the city limits, including Cheadle Airport, Springbank Airport, Okotoks Airport, and more.
Sports and Recreation
There are many things to do available to residents and tourists visiting Calgary. The city features a thriving nightlife with restaurants and bars coming to life as the sun goes down. A typical drink in the city costs around $6 to $9, while a mid-priced meal will set you back $14 to $20.
You can visit the WinSport Ski Resort, which hosts various winter sports activities if you’re feeling adventurous. If you’re a beginner, a lesson will probably cost you around $200. Other sports facilities, recreation centers, and fitness centers can be found throughout the many neighborhoods in Calgary.
Families spend money on various day-to-day needs, and it’s essential to include these daily costs in your overall budget. We’ve compiled a price list of some everyday grocery items you’ll buy during your regular shopping trips to the store.
1 kg apples = $4.79
1 kg potatoes = $3.25
1 kg of tomatoes = $6.00
1 kg of onions = $2.70
1 kg of bananas = $1.87
1 liter of milk = $1.66
1 dozen eggs = $4.65
1 kg of cheese = $22.00
1 kg of chicken = $18.00
1 kg of beef = $15.33
1 piece of bread = $2.01
1 bottle of beer = $3.67
If you’re looking to shop for clothes, the typical price of these items are:
1 pair of jeans = $62.13 – $77.00
1 dress = $51.00 – $54.37
1 pair of shoes = $99.69 to $163.00
Other household items you’re likely to buy now and then are priced at:
100 oz Laundry Detergent = $11.00
1 Tube of Toothpaste = $2.67
1 haircut = $29.00
4 rolls of toilet paper = $3.69
1 roll-on deodorant = $7.00
1 bottle of shampoo = $5.47
1 box of tampons = $10.00
Calgary is part of the Alberta Healthcare Insurance Plan (AHCIP), which provides a robust healthcare package for residents. Locals and eligible residents with a two-year working visa can register and avail of this healthcare insurance by providing proof of residence and identification.
This plan covers most healthcare expenses. If you’re not eligible for the AHCIP, a doctor’s visit would probably cost you around $100.
Should you require help finding healthcare facilities in Calgary, we’ve compiled a directory of major hospitals in the region for your convenience.
As of the writing of this article, the median home price in Calgary is $402,000 with a year-on-year increase of 7.09%. Typical days on the market for most homes listed is at 59 days.
If you’re looking to rent a home instead of buying one, a 1-bedroom apartment will cost you around $1,300 within the city center and $1,082 on the outskirts of the city. A 3-bedroom residence is priced at $2,376 for those within the city and $1,819 on the outer sections of Calgary.
If you’re planning to buy a home in Calgary, our team has created a featured communities page where you can read about the best neighborhoods in Calgary. For any inquiries regarding available homes for sale in the city, please don’t hesitate to contact our team today. We’ll be glad to work with you in finding the perfect home for your needs.