Calgary’s cost of living is a great concern for those looking to reside here.
Calgary is in the province of Alberta and comprises a huge population compared to other parts of Western Canada and also in Alberta. It is evident from the population figure of more than 1,285,711 residents in 2019. As of 2021, there are as many as 1,581,000 individuals. The population growth rate increased up to 5.5 percent from 2016 to 2021. This city is predominant in financial services, manufacturing, healthcare, wellness, retail, aerospace, technology, energy, and tourism industries. Additionally, it is home to a massive number of corporate offices.
Living in Calgary- a life-changing decision
Calgary is a prosperous city full of diversity and home to parks, pathways, open spaces, mountains, and rivers. This is Canada’s third-largest city and also the largest one in Alberta. It also invites at least 200 ethnic backgrounds.
Moreover, Calgary is specifically renowned for the gas and oil industry. The city has also gained recognition for becoming a global energy center and comprises various organizations and companies working for advanced technologies of the environment and green power.
Interestingly, there are several small businesses and self-employment companies surrounding this city. However, the most prominent industries in Calgary include high-tech manufacturing, life sciences, transportation and logistics, oil and gas, financial services, and Tourism.
Calgary’s cost of living- an overview
When an individual begins his search to live in the country, he often checks several factors, and out of all these factors, housing seems the most important one. According to research on housing, Vancouver and Toronto are prominently expensive. Talking about Calgary’s housing, the cost vastly depends upon its economic performance as the oil and gas industry is significant for its economy. Moreover, this industry is currently overcoming the recent recession situation. Consequently, there is massive competition when it comes to rental and housing prices.
Cost of living in Calgary- Housing
Calgary’s cost of living in the context of housing is highly high and convincing enough at present. Currently, housing prices are lower for renting and buying purposes. Supposedly, if you seek to live downtown, you will quickly get studio apartments between the cost of $750 to $1,000.
The average rental property cost for a three-bedroom apartment will be around $1,200-1,800, which is pretty affordable. However, rental properties will get quite expensive for accommodation purposes in the region of Southwest and Northwest. In case you’re seeking to settle here for long-term, you will have access to ample of supply due to the ongoing buyer’s market.
Additionally, there is almost no growth in housing pricing at present, and average prices are between $420,000 to $470,000.
Bills are also less costly in this city, with consumers paying between $200-$250 every month during the winter season for a three to four- bedroom property for heating and electricity. Residents will be required to pay at least $50-70 every month regarding broadband costs.
Calgary’s housing price is less expensive than Vancouver and Toronto, but it is costlier compared to other Canadian cities.
Transport
One of the major unexpected expenditures could be related to the city’s transport system because public transport isn’t that convenient. Hence, this can cost you a great deal by adding up to your monthly expenditure. $103 is a great value for C-Train or bus route travel. Also, separate buses and trains usually cost more, with $3.30 per journey; however, the C-Train will be free for downtown stops.
Driving a car in Calgary doesn’t cost that much, while the gas costs approximately $1.25. This city comprises sufficient taxi services and Uber. Individuals also have the option of hiring shared cars for short trips even if they don’t feel like hiring proper taxis.
A brief about Calgary’s cost of living
| Expenditure | Total Estimated Cost for every month |
| Three-course meal for an individual in an ordinary restaurant (twice a month) | $60.00 CAD |
| A few domestic beers (twice a week) | $120.00 CAD |
| Cappuccino every weekday in the morning | $100.00 CAD |
| Groceries, monthly expenditure | $400.00 CAD |
| Basic bills for electricity, heating, cooling, water, and garbage- 85 m2 apartment in the city center | $190.00 CAD |
| Cinema ticket for one individual | $14.00 CAD |
| The monthly cost of a transport pass | $106.00 CAD |
| Fitness club’s monthly cost for one adult | $59.00 |
| One-bedroom apartment in the city center neighborhood | $1,193.80 CAD |
| Total Cost | $2,242.80 CAD |
Dining and Nightlife Expenditure
Calgary’s food expenditures are surprisingly costlier, specifically milk and meat products. Cheese is a significant food item in Canada; hence, it is pretty expensive. Conversely, eating outside in a good quality restaurant in the city holds more substantial value. Therefore, there is no requirement to perceive it as an option for a luxury restaurant. The cost of living in Calgary is not stagnant, which means that in some areas, it might prove less expensive, and in others, it will prove more costly.
An inexpensive restaurant in Calgary for standard course meals would cost around $14 to $20. However, you can get huge discounts if you keep a tab on every day special meals. Also, a regular burger at a fast-food restaurant will cost you around 10 bucks, and a pint of beer will usually cost the same as in other Canadian cities. Most beers will cost you at least $6 to 9 and nightlife will cost you a lot so it is advisable to stay prepared with higher budgets.
Healthcare in Calgary
Calgary residents on a two-year work visa under the International Experience Canada can apply for Alberta Healthcare coverage. To access this coverage, visit the city’s Registry agency and demonstrate your identity, residence, and working eligibility proof.
Also, the Alberta Health Care Insurance Plan includes a broader range of medical services, such as doctor visits. Visiting a doctor for a shorter duration will cost around $100 if you haven’t registered for a health insurance plan. Once you apply for healthcare coverage, you will obtain absolute bliss and you will receive the healthcare card through the post within a few weeks of applying.
Rejuvenating through outdoor activities like Skiing
Calgary is a prominent place for all winter sports lovers who seek adventure. However, it will be a highly expensive deal to enjoy these sports activities. Besides this, you also need to acknowledge the cost involved in learning about these activities, like covering lessons, equipment, and slope access for one day. Each of these will cost you around $200, and you must also buy your head and gear for mountains regularly. Fun and sports activities will have a lower cost of living in Calgary, with a plethora of swimming and fitness centers surrounding the city.
If you’re looking to indulge in sports on a massive level, you could participate in the Calgary Sports and Social Club. You will have to pay $100-$120 to participate in winter, summer, fall, and summer sports action. Individuals might need to pay between $10 and $15 if they’re interested in playing evening matches. However, they must remember that these match locations might often change on a weekly basis.
Conclusion
To conclude, a few aspects make Calgary a tempting and abundant city to reside in, precisely due to its lifestyle and culture. Its cost of living is also far better than the main core Canadian cities but might be expensive compared to other cities in terms of housing and food. Being well aware of all perspectives, particularly the pros, and cons, will make it easier for you to make the right decision.
