How Much Does It Cost to Live in Edmonton?

Situated on the North Saskatchewan River, there is the beautiful metropolitan city of Edmonton. It is the capital of the province of Alberta, bearing a population of 1,461,000. The city has an area of over 684 Km2 and stands as Alberta’s second-largest, and Canada’s fifth-largest municipality. The city is recognized as an educational, cultural, and governmental center. The city holds a year-round slate of festivals which has dubbed it the nickname of ‘The Festival City of Canada’.

The city is a beautiful amalgamation of different ethnicities including Europeans making up the major part along with Asians, Africans, Latin/Central/South Americans, Middle Eastern, and the Caribbean. The city is also known for its famous nightlife and attractions that appeal to a number of people which is why it is one of the most preferred Canadian cities by ex-pats.

 

Cost of living in Edmonton - 2021

Housing Cost in Edmonton

Given below is a table that lists down the average prices of different types of apartments, their rents, and their costs in the city of Edmonton.

City DistrictStudio1 Bedroom2 Bedroom3 + Bedroom
Downtown Edmonton$885$1295$1650$1545
Oliver$875$995$1299$1375
Queen Mary Park$750$863$1035$1199
Strathcona$813$995$1150$1498
Garneau$937$1037$1319$1800
Central McDougall$750$799$975$1200
Queen Alexandra$750$1550$1400$2028

Housing

Average rent price for 1 Bedroom apartment

$1076

(* Zumper)

Average Cost of Utilities

Electricity, Energy, Water and more

The average rate of electricity in the city of Edmonton is the same as for the whole province of Alberta i.e. 16.7¢/kWh, which is a bit expensive in comparison to many other provinces that have rather decent rates for electricity. If your apartment or house is averagely consuming around 1000kWh, your electric bill will come around $167. 


For an 85m2 apartment, the collective bill of all the utilities (besides electricity) is averaged around $120 which includes heating, cooling, garbage, water, etc.

Home Insurance Rates

As for monthly home insurance rates, throughout the province of Alberta, it is determined by the value of the home. If you are living in a rented apartment or house, you will be paying around $25-$30 as your home insurance. But if you own property, consult the table below for the rates of insurance.

Home Services

Property Value

Average Home Insurance Rate

<100K

$23

100 – 300K

$76

300 – 700K

$80

700K – 1.5 M

$167

1.5 – 5 M

$174

Housing

Average monthly cost for 1 Bedroom apartment : Utilities + Insurance

$150

Cost of Public Transport and Parking Rates

Public transport in Edmonton is operated by ETS (Edmonton Transit Service) which is the city’s authority for transportation. It operates the public transit fleet that comprises over 900 Buses, over 90 light rail vehicles and 100 DATS (Disabled Adult Transit Service) vehicles.

For the average cost of public transport in the city of Edmonton, consult the table below.

For youth (24 and under)

Cash

$3.50

Ticket (book of 10)

$19.75

Monthly Pass 

$72.50
($73 effective September 1, 2021)

Cash

$3.50

For Adults (25 and 64)

Cash

$3.50

Tickets (book of 10)

$27.75

Monthly Pass

$100

Cash

$3.50

For seniors (65+)

Cash

$3.50

Ticket (book of 10)

$19.75

Monthly Pass

$35

2021/2022 Annual Pass
(valid  February 1, 2021 – March 31, 2022)

$385

2021/2022 Annual Pass (Low Income, Tier 2; income between $29,069 and $33,033)
(valid February 1, 2021 – March 31, 2022)

$139

2021/2022 Annual Pass (Low Income, Tier 1; income below $29,069)
(valid February 1, 2021 – March 31, 2022)

FREE

 

Cost of The Public Bicycle Sharing System

In terms of the public bike-sharing system, the city of Edmonton is yet to catch up to its peers and neighboring cities. Though the city government is still trying to work its way around introducing such a program, it has been potentially delayed due to the COVID-19 situation. But hopefully, in 2021, we will get to see a domestic service launched by the city government.

 

Car Parking Rates

In the city of Edmonton, there is a lot of variation when it comes to car parking rates as they differ from one part of the city to another. 

 

Location

Rates

Hours

On-Street Pay Machine

Monday To Friday: $1 to $3.50/hr – Cost is indicated on pay machines

Saturdays: $1/hr – except for some zones

Sundays: Free except for some zones

Statutory Holidays: Free

24/7

Canada Place Parkade

Monday to Friday: $5/hr

6am-6pm – $15 max

5pm-2am – $10 max

Midnight-8am – $5 max

Midnight-Midnight – $30 max

Saturday and Sunday: $2/hr

6am-6pm – $10 max

5pm-2am – $10 max

Midnight-8am – $5 max

Midnight-Midnight – $25 max

Statutory Holidays: Free

Monthly Parking: $315 plus GST




6am-1am 7 days/week

City Hall Parkade

Monday to Friday:

6am-5pm – $4/hr ($20 max)

5pm-Midnight – $2/hr ($10 max) 

Midnight-8am – $1/hr ($5 max)

Saturday and Sunday :

6am-5pm – $2/hr ($10 max)

5pm-Midnight – $2/hr ($10 max)

Midnight-8am -$1/hr ($5 max)

Statutory Holidays: Free

Hours: 6am to 1am – 7 days/week

Library Parkade

Monday to Friday: $5/hr

6am-6pm – $15 max

5pm-2am – $10 max

Midnight-8am – $5 max

Midnight-Midnight – $30 max

Saturday and Sunday: $2/hr

6am-6pm – $10 max

5pm-2am – $10 max

Midnight-8am – $5 max

Midnight-Midnight – $25 max

Statutory Holidays: Free

Monthly Parking: $315 plus GST




24/7

(*EPark)

Car Insurance Rates

Unfortunately, the province of Alberta holds third place for most expensive car insurance rates, coming at a whopping $1316 on average. The collective average for all the provinces comes to a total of $1151. Comparing the car insurance rates of Alberta to it, it is still substantially higher than average.

Transportation

ETS Monthly Pass

$100

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Entertainement

Edmonton is not all that cheap in comparison to many other cities of Canada, but that doesn’t mean it is just expensive altogether. Considering the essentials only, the average cost of entertainment around the city of Edmonton includes:

  • Meal, Inexpensive Restaurant: $20
  • Meal for 2 People, Mid-range Restaurant, Three-course: $80
  • Domestic Beer (0.5-liter draught): $6
  • 2 tickets to the cinema: $32
  • Taxi trip on a business day, basic cost, 8 km. (5 miles): $19
  • Cocktail drink in the pub: $11

Considering at average cost, if you have had 4 beers, 1 restaurant visit with friends, visited the cinema 2 times, and have had 4 regular restaurant meals per month, that can cost you about $216.

Entertainement

Monthly Cost

$216

(*Numbeo)

Grocery Cost in Edmonton

Grocery includes items such as fruits, vegetables, meat, eggs, milk, and others. Cost for some regular groceries that may averagely be purchased include:

Items (1 kg)

Prices

Milk (1 Liter)

$2.31

Loaf of bread

$2.62

Rice

$3.82

Dozen Eggs

$3.68

Local Cheese 

$10.44

Chicken 

$12.41

Beef round 

$15.53

Apple 

$4.08

Banana 

$1.81

Orange 

$4.05

Tomato 

$4.04

Potato 

$3.72

Onion 

$2.80

Head of Lettuce

$2.54

Water Bottle 1.5L

$2.42

Cigarette 20 Pack

$15

Grocery

Monthly budget for 1 person

$257.18

Phone and Internet

There are plenty of internet service providers in Edmonton as well as cellphone service providers with different packages that are sure to meet everyone’s needs. Considering a general 60 Mbps connection with unlimited download, it will cost you around $80-$90 on average. Finding the best Internet Plan will be easy as there are so many Internet providers available. Whereas 1 minute of the prepaid tariff with no plan or discount will cost you around $0.34.

Phone and Internet

Phone with unlimited talk, text and data (Internet is included in Utilities)

$80

(*Numbeo)

Fitness and Personal Care

In terms of fitness and personal care, a one-month fitness club fee averages around 55-60 $ per month. As for healthcare, you are covered with Canada universal healthcare. Having personal insurance is still highly recommended for other personal care services such as the dentist and the optometrist.

Health and Fitness

The average cost of a Fitness membership

$55

(*Numbeo)

Provincial Taxes (Sales, city, and Income taxes)

There are three types of sales taxes in Canada. In the province of Alberta, they have GST which is set at about 5%. They do not have a provincial taxe. Applicable tax on the taxable income includes:

  • 10% on the first $131,220 of taxable income, +.
  • 12% on the next $26,244, +.
  • 13% on the next $52,488, +.
  • 14% on the next $104,976, +.
  • 15% on the amount over $314,928

One may argue that the taxes in some provinces are higher in comparison to others, but due to the additional services that are offered to the residents by the provincial government.

Conclusion

If you plan on moving to Edmonton, then you can calculate the average cost of living in the city using the provided table and selecting the rates along with respective items, and finding the total sum which may vary from one person to another.

Average Monthly Cost of living in Edmonton

Illustrations-Mes changements d’adresse (1)

Category

Description

Cost

Housing

Average rent price for a 1 bedroom apartment + Insurance + Average utility cost

$1076 + $30+ $120

Transportation

TTC Monthly Pass on PRESTO

$100

Food

Regular grocery basket for one person

$257.18

Phone

Unlimited mobile plan

$80

Entertainement

Monthly cost (see above)

$216

Health and Fitness

The average cost of a Fitness membership

$55

Total

Sum

$1934.18

Note: If you are sharing cost with someone, it will be significantly lower. Also, if you are budgeting for a family, you’ll need to add the cost of each family member.

This is an approximation. Price will vary.

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