Cost of Living in Calgary

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While not quite as expensive as Toronto or Vancouver, Calgary’s cost of living is still relatively high, particularly in housing and utilities. Mercer’s 2024 Cost of Living Survey placed Calgary 141st out of 226 cities surveyed, making it Canada's fifth most expensive city.

Cost of accommodation in Calgary

The cost of accommodation in Calgary is likely to be the highest expense you'll incur. Economic growth and a population influx have influenced the rental market, leading to higher demand and limited supply. Rent in the city centre is generally more expensive due to proximity to amenities and employment hubs. In contrast, suburban areas offer slightly more affordable options. However, the gap between urban and suburban rents has been narrowing.

Besides the high housing prices, you’ll also need to account for utility fees like electricity, gas, water, and internet. Winter utility costs can be substantial due to increased heating needs, but you can mitigate these by using energy-efficient windows, programmable thermostats, and regular heating system maintenance.

Accommodation and Utilties in Calgary
Best Neighbourhoods in Calgary

Cost of transport in Calgary

Transport costs in Calgary are largely lower than in cities like Toronto or Vancouver, making it an attractive option for commuters. A monthly integrated travel pass is still the most cost-effective way of getting around in Calgary.

Improvements in the works include the North Central Bus Rapid Transit (BRT) project, which is expected to enhance public transport services significantly. Running a vehicle, however, has become increasingly costly due to fluctuating fuel prices, insurance, and taxes. You might want to consider using public transport more frequently to reduce these costs, or look into fuel-efficient vehicles to help manage fuel expenses.

Getting Around in Calgary

Cost of entertainment and eating out in Calgary

The cost of entertainment and eating out in Calgary has something for everyone, from outdoor adventures to dining experiences. Much of the lifestyle in Calgary revolves around the outdoors, with a growing emphasis on recreational activities. The city has expanded its trail systems, and parks have become even more accessible, encouraging activities like hiking, biking, and family outings.

Calgary’s dining scene has also been evolving, with new restaurants offering diverse and exciting options. While the restaurant and dining scene may be less diverse compared to larger cities, there are still plenty of hidden gems waiting to be discovered. You can easily find budget-friendly options while enjoying authentic experiences. If you’re a fan of trying different cuisines, you’ll be happy to know that the focus on culinary diversity is increasing, with more varied menus and international flavours becoming available.

Lifestyle in Calgary

Cost of groceries in Calgary

The cost of groceries in Calgary is still fairly affordable, and Alberta is the only province in Canada that does not levy a provincial sales tax on goods and services, which further adds to Calgary’s overall affordability. As with most places globally, grocery prices have been on the rise, but you can reduce costs by buying in bulk, shopping at discount supermarkets like Giant Tiger, and selecting seasonal produce to avoid paying higher prices. Using weekly flyers and digital coupons can also help maximise your savings.

Cost of education in Calgary

If you're moving to Calgary with children, you'll be glad to know that the cost of education in Calgary can be quite manageable. Alberta’s public education system is extensively funded by the government, and many of the province’s top-performing public schools are located in Calgary.

Although public schooling is free, you may need to budget for childcare outside school hours, as these services can be costly.

Calgary's Education System

Cost of healthcare in Calgary

If you're a permanent resident or have a valid work or residence visa, you can receive basic healthcare services in Calgary at no cost through the Alberta Health Care Insurance Plan (AHCIP). This plan will even reimburse you for any medical expenses incurred before you receive your AHCIP card. Recent updates to the Claims Assessment System have made it easier for residents to access necessary medical services, even if they haven't yet registered formally under the Health Insurance Premiums Act.

New arrivals might consider private health insurance for additional coverage of services like physiotherapy, dental care, and mental health support. Private health insurance costs vary depending on the level of coverage you need, but it often fills gaps in the public system, especially for specialist services.

High-demand services like mental health care, physiotherapy, and orthopaedic consultations can have significant wait times, but private coverage helps bridge this gap. If your employer offers health insurance as part of your benefits, this could significantly offset these costs.

Healthcare and Health Insurance in Calgary