Housing Costs in Calgary
One of the most significant factors in the cost of living in Calgary is housing. Calgary offers a variety of housing options, from downtown apartments to suburban single-family homes. Rental prices can fluctuate depending on the neighborhood, proximity to amenities, and the size of the property.
- Average rent for a one-bedroom apartment in the city center is approximately CAD 1,500 per month, while the same apartment outside the downtown area could cost closer to CAD 1,200 per month.
- For those looking to purchase property, the average price of a home in Calgary is around CAD 540,000, though this number varies based on the neighborhood and type of home.
- Living costs in Calgary with rent for families typically range between CAD 2,500 and CAD 3,500 per month when considering a three-bedroom apartment or house, along with utilities and other expenses.
For those seeking more affordable options, the outer neighborhoods and suburbs like Airdrie or Okotoks provide more budget-friendly housing, making it an attractive option for families and individuals alike.
Utilities and Monthly Bills
When calculating the average cost of living in Calgary, utilities are another crucial component. On average, utility costs in Calgary for a standard two-bedroom apartment include:
- Electricity: CAD 80 – 120 per month
- Water and waste disposal: CAD 50 – 70 per month
- Heating: CAD 100 – 150 during the winter months (which can be significantly higher in colder periods)
- Internet: CAD 60 – 100 per month depending on the speed and provider.
These prices can vary based on the size of the property, how energy-efficient your home is, and your overall usage. On average, the cost of utilities in Calgary for an apartment could be between CAD 250 and CAD 350 monthly. If you’re moving to Calgary and need assistance with setting up utilities, Apex Moving YYC can offer some useful local recommendations.
Transportation Costs
Calgary is known for its well-maintained road network and public transportation system, making commuting relatively straightforward. Depending on your lifestyle, the cost of living in Calgary per month can fluctuate if you factor in the following transportation costs:
- Monthly transit pass: CAD 112 for adults, offering unlimited access to buses and C-Trains (Calgary’s light rail system).
- Gas prices: Around CAD 1.60 per liter, which can increase transportation costs for those driving regularly.
- Car insurance: Typically ranges between CAD 100 and CAD 200 per month, depending on your vehicle, driving history, and insurance provider.
For residents working in downtown Calgary, using public transportation may save both time and money, given the city’s efficient system and central location of many workplaces.
Dining and Entertainment Costs
Eating out in Calgary can be as affordable or expensive as you make it. For budget-friendly meals, expect to pay around CAD 15 per person at a casual restaurant, while a three-course meal at a mid-range restaurant could cost approximately CAD 60 for two people. Calgary also offers a vibrant food scene, with high-end restaurants, food trucks, and plenty of international cuisine to explore.
For entertainment, Calgary is home to a variety of cultural and recreational activities. A movie ticket costs around CAD 15, while a monthly gym membership is approximately CAD 60.
Healthcare Costs
Canada’s healthcare system is publicly funded, meaning most basic health services are free of charge for residents. However, additional health expenses, such as dental care, prescription drugs, and physiotherapy, may not be covered. On average, an individual health insurance plan can range from CAD 70 to CAD 100 per month, depending on your coverage needs.
Education and Childcare
For families, childcare and education are important factors in the overall Calgary living cost. Childcare costs in Calgary can be high, with daycare fees averaging around CAD 1,000 to CAD 1,300 per month per child. Public education is free for residents, though private schools may charge tuition ranging from CAD 15,000 to CAD 25,000 per year.
Post-secondary education is another consideration for families with older children. Calgary is home to several higher education institutions, including the University of Calgary and Mount Royal University. Annual tuition for domestic students is typically around CAD 6,000 to CAD 8,000, depending on the program of study.
Income and Salaries in Calgary
To offset the Calgary living expenses, it’s important to consider the average salary in Calgary per month. The average income for a single individual is roughly CAD 4,500 per month, while for families, a combined household income may range from CAD 7,500 to CAD 10,000. However, a good salary in Calgary that ensures a comfortable lifestyle, especially for families, is generally considered to be around CAD 80,000 to CAD 100,000 annually.
In recent years, Calgary has seen economic growth in various industries, including oil and gas, technology, and healthcare. This diverse economy offers multiple opportunities for employment and income growth.
Is It Expensive to Live in Calgary?
So, how expensive is Calgary? Compared to other major Canadian cities like Vancouver or Toronto, Calgary offers a relatively affordable cost of living. While housing and utilities can add up, the combination of reasonable grocery prices, accessible public transportation, and solid healthcare services make Calgary an attractive option for both individuals and families.
Final Thoughts
Moving to a new city is always a major decision, and understanding the cost of living in Calgary is a crucial part of the process. With its mix of affordable housing, robust public services, and a diverse economy, Calgary is an excellent choice for anyone looking to settle in a vibrant and growing city. If you’re planning a move to Calgary, let Apex Moving YYC assist you in making the transition as smooth as possible.
At Apex Moving YYC, we understand that every move is unique. Whether you’re moving across town or from another province, our experienced team is here to provide professional and personalized moving services tailored to your needs.
