Is living in Calgary expensive?
Living in Calgary, Alberta, Canada, can be a costly endeavor, depending on various factors such as lifestyle, housing, and personal expenses. Calgary is often considered one of the most expensive cities in Canada, but it also offers a high quality of life and numerous opportunities for career growth. In this article, we will explore the cost of living in Calgary and compare it with other major Canadian cities.
Housing Costs
One of the most significant expenses in Calgary is housing. The city has a diverse range of housing options, from cozy apartments to luxurious homes. However, the cost of renting or purchasing a property in Calgary is generally higher than in other Canadian cities. According to a 2021 report by the Canada Mortgage and Housing Corporation (CMHC), the average rent for a two-bedroom apartment in Calgary was $1,680, which is higher than the national average. Additionally, the median price of a detached home in Calgary was $545,000, making it one of the most expensive cities for homeownership in Canada.
Food and Groceries
Food and groceries are another significant expense in Calgary. The cost of dining out or eating at restaurants can be quite high, especially in the city center. However, there are numerous grocery stores and markets that offer a variety of affordable options. The average cost of groceries in Calgary is slightly higher than the national average, with a two-person household spending approximately $1,200 per month on food and beverages.
Transportation
Transportation costs in Calgary can vary widely depending on individual preferences and circumstances. The city has an extensive public transit system, including buses, light rail transit (LRT), and a new, state-of-the-art C-Train system. While public transit is relatively affordable, owning a vehicle can be quite expensive due to high fuel prices and parking fees. Calgary also has a high rate of car accidents, which can lead to increased insurance premiums.
Utilities and Services
Utilities and services in Calgary are generally more expensive than in other Canadian cities. The cost of electricity, natural gas, and water can be higher due to the city’s reliance on these resources. Additionally, cable and internet services are also more expensive, with an average monthly cost of $100 or more.
Conclusion
In conclusion, living in Calgary can be expensive, particularly when it comes to housing and transportation. However, the city offers a high quality of life, a strong job market, and numerous recreational opportunities that may offset some of the costs. It is essential for individuals and families to carefully consider their budget and lifestyle preferences when deciding whether Calgary is the right place for them to live.
