Cost of Living in Edmonton

How Much Does It Cost to Live in Edmonton in 2024?

What is the average monthly cost of living in Edmonton?
The average cost of living in Edmonton is $2,084.79 per month.

Edmonton, the capital city of Alberta, stands out as one of the youngest and fastest-growing cities in Canada, getting its nickname as the “Festival City” due to its vibrant cultural events.

This city provides a vibrant lifestyle for its residents while maintaining a more affordable cost of living compared to many other cities in Canada. Understanding the cost of living in this dynamic city is important for budget planning and enjoying a comfortable life.

If you’re contemplating a move to Alberta’s capital, continue reading to gain valuable insights into Edmonton’s cost of living.

Methodology

The main data collection source for this article is Numbeo and trusted city-related websites, including the ETS Edmonton Transit Service, and the Government of Canada. The costs presented are estimates and pertain to an individual living alone on a monthly basis.

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Housing costs in Edmonton

Edmonton offers an affordable housing market compared to other Canadian cities. This affordability, along with the city’s unique qualities, makes Edmonton an appealing choice for real estate investment or finding a comfortable rental home very easy.

Cost of rent in Edmonton, CA

Area/Neighborhood

1-bed apartment

3-bed apartment

Edmonton (Outside of Center)

$1,125.04

$1,694.15

Numbeo (Sept 2023)

Cost of buying a property in Edmonton

Area/Neighborhood

Average home price 

Edmonton

$374,100

CREA (Aug 2023)

Utility costs in Edmonton: Internet, electricity and water

If you live in Edmonton, whether you own or rent, it’s important to know how to handle your utility bills to manage your budget.

In Alberta, lots of homes use natural gas for heating because it’s cheap. Even though a gas furnace might cost more at the start, it’s a better choice in the long run because it saves you money over time.

Here is the monthly cost of a basic utility package for a 915 sq. ft apartment in Edmonton, including electricity, heating, cooling, water, garbage, and Internet services:

Utilities

Cost

Basic

(Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment

$294.97

Internet

(60 Mbps or More, Unlimited Data, Cable/ADSL)

$86.41

Total

$381.38

Numbeo (Sept 2023)

What is the average monthly cost of utilities in Edmonton?
The average monthly cost of utilities in Edmonton is $381.38.

Grocery costs in Edmonton 

Grocery costs in Edmonton are much more affordable than in other cities in Canada because its sales tax is only 5%. Besides, many essential items like dairy, eggs, veggies, meat, and more are tax-free when bought at grocery and convenience stores.

Grocery items in Edmonton

Cost

Milk (regular), (1 gallon)

$8.99

Loaf of Fresh White Bread (1 lb)

$2.88

Rice (white) (1 lb)

$1.91

Eggs (regular) (12)

$4.15

Local Cheese (1 lb)

$6.69

Chicken Fillets (1 lb)

$6.95

Beef Round (1 lb)

$9.00

Apples (1 lb)

$2.58

Banana (1 lb)

$0.83

Oranges (1 lb)

$2.28

Tomato (1 lb)

$2.43

Potato (1 lb)

$1.35

Onion (1 lb)

$1.26

Lettuce (1 head)

$3.61

Bottle of Wine (Mid-Range)

$16.00

Domestic Beer (0.5 liter bottle)

$4.13

Imported Beer (12 oz small bottle)

$4.80

Numbeo (Sept 2023)

What is the average monthly cost of groceries in Edmonton?
The average monthly cost of groceries in Edmonton is $319.36.

Public transit in Edmonton

Public transit system in Edmonton is administered by the Edmonton Transit Service. ETS includes bus services, LRT (Light Rail Transit), and a para transit service for individuals with disabilities.

ETS offers broad citywide coverage and is a primary transportation choice for residents. Arc is Edmonton’s electronic fare system, including tickets and reloadable cards used to tap on validators when riding buses and LRT. 

You can purchase an Arc card online, and you can also buy tickets and passes through the ETS Online Store.

Type of fare

Rate

Single ticket

(90 minutes)

$2.75

10 Ticket pack

$27.75

Daily pass

$10.25

Monthly pass

$100

Family Pass (Up to 5 people)

$10.25

ETS Edmonton Transit Service(Sept 2023)

What is the ETS monthly pass price?
The ETS monthly pass price is $100.00.

Entertainment costs in Edmonton

Edmonton has a lot to offer, from the famous West Edmonton Mall, Canada’s second most visited mall, to cultural treasures like the Art Gallery of Alberta and the Royal Alberta Museum.

Food lovers will enjoy the city’s culinary scene, with top-notch restaurants and local delicacies. Besides, let’s not forget about Edmonton’s special events, like the Edmonton Folk Music Festival, happening every second weekend in August.

Entertainment in Edmonton

Cost

Mid-range restaurant meal

$50.00

Taxi 1h

$30.00

1 cinema ticket

$16.00

Total

$96.00

Numbeo (Sept 2023)

Sales tax in Edmonton

Canada has three types of sales taxes that vary by province. In Alberta, they only have the federal GST, set at about 5%, which applies to purchases of goods and services. This low sales tax rate offers several benefits, such as cost savings, making goods and services more affordable for residents and visitors alike.

While some items, like basic groceries and sometimes feminine hygiene products, are exempt from sales taxes, the rate for other products depends on the specific province.

Government of Canada (Sept 2023)

Healthcare costs in Edmonton

If you’re moving to Edmonton, you should know about AHCIP, which stands for Alberta Health Care Insurance Plan. It’s a program that helps eligible residents get essential medical services. However, it doesn’t cover things like dental care, alternative treatments, or hearing aids.

For full coverage, you can get private health insurance or use your employer-sponsored plan. 

Type of healthcare

Cost

Employer-sponsored health insurance

$63.00

Non-employer-sponsored health insurance

$50.00-$250.00

Gym

$63.01

Numbeo (Sept 2023), Hellosafe (2023) & Insurance Business (Apr 2023)

What is the average monthly cost of employee-sponsored health insurance in Edmonton?
The monthly cost of employee-sponsored health insurance in Edmonton is $63.00.

Conclusion

If you are considering a move to Edmonton, we hope this article has provided valuable insights into the city’s attractions and the cost of living in 2024.

Before moving, remember that it is crucial to research the best moving companies in Edmonton, this will help ensure a seamless transition to your new home. 

Check out the table below for the 2024 average monthly living costs for a single person in Edmonton:

Category

Monthly cost

1 bed apt rent outside city center

$1,125.04

Groceries

Numbeo’s grocery list

$319.36

Utilities

Electricity, heating, cooling, water, garbage

$294.97

Internet with 60 Mbps

$86.41

Transit pass

$100.00

Entertainment 

Meal, taxi, movie

$96.00

Gym membership 

$63.01

Total

$2,084.79

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Ann Nacario

The author

Meet Ann – our head writer with a knack for making moving and city living a breeze. From the many details of moving to picking the perfect moving company, she’s your guide. Ann has a friendly yet detailed approach to ensure your move goes off without a hitch. When she’s not writing about relocation, it will always be on her mind, but you’ll catch her spending time with her three furry friends.

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