The average cost of living in Calgary varies depending on the size and age of your household and the location you choose. A one bedroom apartment or condo is usually $1,200 to $1,600 per month, and a three bedroom home can cost $1,200 to $2,800 a month. In the southwest or northwest areas, a two-bedroom rental can cost from $800 to $2,000 a month.
Renting an apartment in Calgary is very affordable, but if you’re looking to buy, it’s worth considering the costs of furnishing and utilities. An average one-bedroom apartment in the downtown core can cost $1,360 per month; a three-bedroom apartment in the suburbs is around $1,950. Utilities are often included in the rent price, but renter’s insurance is a separate expense. Buying a home in Calgary can cost you $4,215 per square metre, which is about $520,000.
Living in Calgary is also very expensive if you don’t own a car. The cost of living is higher in the city centre than in the suburbs, so you may want to choose a neighbourhood with all the amenities you need. Having a car will also increase your cost of living, so it’s best to opt for a neighbourhood where public transportation is readily available.
While the cost of living in Calgary may seem high, the city is actually quite affordable for middle-class people. Its housing market is also much more affordable than that of other Canadian cities. While the city itself is relatively cheap, there are very few attractions that make it worth living in Calgary. The best part about living in Calgary is its proximity to the mountains and hiking trails. However, you’ll need a car to fully explore the city.
In late-2018, the average cost of renting a three-bedroom apartment in the city was $1,200. However, if you choose a location in the city’s popular Southwest and Northwest neighbourhoods, you’ll need to shell out more. The average house price in these areas is $420,000 to $470,000 and is growing very slowly.
Calgary’s public transportation system is not as extensive as some other major Canadian cities, and it can be a large addition to your overall cost of living. If you’re a C-Train commuter, you may want to consider purchasing a monthly pass to save money on fares. In addition, it’s also cheaper to ride a bike or walk to work during the winter months.
The cost of dining out in Calgary is very reasonable. On average, a three-course dinner for two will set you back $85-$120, not including alcoholic beverages. You’ll also need to factor in the cost of a couple of drinks, which can range from $7 to $10 apiece.