Cost of living in Edmonton
Edmonton, the capital city of Alberta, Canada, is known for its vibrant culture and economic opportunities. Understanding the cost of living in Edmonton is crucial for both current residents and those considering a move to the city.
This guide provides a detailed breakdown of various expenses, including housing, dining, transportation, and more, to help you plan your budget effectively.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $17.54 on average, with a range between $10.38 and $35.8.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $57.29, with prices ranging from $42.97 to $100.25.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $10.74, with a range between $9.31 and $12.89.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $3.58 to $7.16, imported beer $4.3 to $7.16, cappuccino $1.43 to $5.72, and Coke/Pepsi $1.43 to $2.86.
Grocery Prices
- Milk - Milk is priced between $1.07 and $2.15 per liter, averaging $1.67.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $1.78 and $3.58, with an average price of $2.45.
- Eggs (Dozen) - A dozen eggs range from $2.51 to $5.01, averaging $3.61.
- Fruits (e.g., Apples, Oranges) - Apples cost $2.15 to $5.99 per kg, while oranges range from $1.07 to $6.44 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $0.72 and $4.3 per kg, and lettuce costs $1.79 to $3.58 per head.
Transportation
- Public Transport (One-Way Ticket) - A one-way local transport ticket costs between $2.15 and $2.69, with a monthly pass priced between $65.88 and $71.61.
- Fuel (Gasoline) - Gasoline is priced between $0.85 and $1.15 per liter.
- Taxi Fares - Taxi fares start at $2.94, with a cost of $1.06 to $2.33 per km and $17.9 to $42.97 per hour of waiting.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre ranges from $859.3 to $1432.17, averaging $1098.28.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $706.77 to $1145.73, averaging $887.76.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre ranges from $1217.34 to $2506.29, averaging $1789.26.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $1117.09 to $2005.03, averaging $1484.11.
- Buying Price per Square Meter (City Centre) - The price per square meter to buy an apartment in the city centre ranges from $2148.25 to $5780.89, averaging $3078.
- Buying Price per Square Meter (Outside Centre) - Outside the centre, the price per square meter ranges from $1926.96 to $3473.78, averaging $2392.88.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $133.91 and $366.89, averaging $200.46.
- Internet - Internet services range from $42.97 to $96.67, with an average cost of $62.17.
Cost of Living Rankings
Edmonton ranks 10th on the Cost of Living rankings in Canada. The cost of living indices for Canada are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in Canada, covering factors like consumer goods, rent, and purchasing power.
Cost of Living Data
Restaurants
Restaurants
Markets
Markets
Transportation
Transportation
Rent Per Month
Rent Per Month
Utilities (Monthly)
Utilities (Monthly)
Sports And Leisure
Sports And Leisure
Clothing And Shoes
Clothing And Shoes
Buy Apartment Price
Buy Apartment Price
Salaries And Financing
Salaries And Financing
Childcare
Childcare
"Key Takeaways"
Edmonton offers a relatively affordable cost of living compared to other major Canadian cities. Housing costs are moderate, with a variety of options available both in the city centre and outside.
Dining out can be affordable, especially at casual restaurants, while grocery prices are reasonable for most staple items.
Transportation costs are manageable, with public transport and fuel prices being relatively low. Utilities and internet services are also reasonably priced, contributing to the overall affordability of living in Edmonton.
Conclusion
In conclusion, Edmonton presents a balanced cost of living that caters to a wide range of budgets. The city offers affordable housing, reasonable dining and grocery prices, and manageable transportation and utility costs.
Whether you're planning to move to Edmonton or are already a resident, understanding these costs can help you manage your finances effectively and enjoy what the city has to offer.