Relocating to new places usually comes with the excitement of new opportunities and experiences. It’s essential to do your research about all aspects of the city you’ll be moving to, including the cost of living. Depending on your current location, the cost of living in Calgary might be higher or lower than what you’re used to. Moreover, hiring movers Canada services will also impose financial constraints. In this article, we’ll give you an overview of how much it costs to live in the city so you can start planning your finances accordingly. Financial responsibility is key to ensuring a smooth transition to your new life. Moreover, relocations are often heavily associated with an increased cost of living. This is especially true if you’re moving to a bigger city. However, if you plan your finances and budget accordingly, you can still enjoy your new life without breaking the bank.
Understanding the cost of living in Calgary in 2022
Calgary is the largest Albertan city and is also the fifth-largest municipality in Canada. Being at the confluence of the Bow River and the Elbow River in the south of the province, it is a place that experiences a lot of growth. Now, living in Calgary in 2022 will have its perks. The city is filled with energy and opportunities. From an economic standpoint, the city is quite stable. However, this also means that you should expect the cost of living here to be a bit higher than in other places in Alberta. For instance, according to recent research, the average price for a meal in Calgary is about $15, which is almost double the average price in Edmonton. Of course, this is just one small thing, in the sea of various expenses, you will experience in the city.
A lot of factors contribute to how much it will cost you to live here
However, the three main ones are usually housing, transportation, and food. As far as housing goes; Calgary is a booming city, which means that the demand for rental properties is quite high. This, in turn, results in higher prices for apartments and homes.
The average rent for a one-bedroom apartment in Calgary is about $1,300
If you’re looking to buy a home, on the other hand, the median price is just over $500,000
Meanwhile, the median price for a condo is around $350,000
If you want the cost of living in Calgary to not catch you by surprise you will have to conduct your own research
When it comes to transportation, Calgary has a pretty good public transit system. Before province to province movers start relocating you, you should know that a monthly pass will cost you about $100. If you choose to drive, you’ll need to factor in the cost of gas, which is about $1.30 per liter. Lastly, food costs also play a role in the overall cost of living.
Job opportunities in Calgary
Now, to nullify the higher expenses of living in Calgary, you need to have a well-paying job. The good news is that the city offers numerous jobs in various industries. For instance, the oil and gas industry is one of the biggest employers in Calgary. There are also many positions in healthcare, retail, education, and transportation. The average salary in Calgary is around $52,000, which is better than the other places in the country. Living in Calgary might be on the costly side, but manageable if you have a good job. Just ensure that your research and budget are accurate. This way, you’ll be able to enjoy all that this beautiful city has to offer without breaking the bank. So, if you are about to hire a long distance moving company Calgary to help you relocate, make sure you research the jobs you could be doing in the city.
Cost of living in Calgary: You can expect to pay more for goods and services, unlike in other cities in Canada
The city might have a high living cost, but that doesn’t mean it’s not worth it. Because the city is quite stable with its finances, you can expect to pay more for goods and services. However, if you research and budget accordingly, you can still enjoy all that Calgary has to offer without breaking the bank.
Higher salaries balance out the higher costs of goods and services
Now, although Calgary has higher expenses than the rest of the country, it also has a lot to offer in return. The average salary is also quite high, which can help you offset the higher cost of living. On the other hand, if you decide on moving from Calgary to Moncton NB, you could be making a big mistake. Not only will the cost of living be lower in Moncton, but you will also have fewer job opportunities. The average salary is also lower, so you might want to consider that before moving.
Nonetheless, Calgary remains one of the most affordable cities in North America
Although the city of Calgary might impose higher expenses, it still remains quite affordable if we compare it to other places in North America. For instance, living in Toronto is about 30% more costly than in Calgary. The same goes for Vancouver, which has a cost of living that’s almost 50% higher.
Calgary still remains quite affordable, if you compare it to the rest of the North American cities
In fact, according to a report by Deutsche Bank; Calgary is one of the most affordable cities when it comes to housing. If you’re looking to move to a place that imposes lesser costs, Calgary might not be the best option. However, if you’re willing to pay more for a stable and secure city, then Calgary is the place for you.
The cost of living is expected to be on the rise in the next few years
If you’re planning on moving to the city of Calgary, you should know that the cost of living in Calgary is expected to rise in the next few years. This is due to the city’s population growth and inflation. The good news is that wages are also expected to increase, so you’ll be able to offset the higher cost of living. Because Calgary offers great job opportunities, but also imposes high expenses, moving to the city might not be the best option for everyone. However, if you do decide to relocate, make sure you thoroughly research the cost of living and job market. This way, you’ll be able to make an informed decision about whether or not Calgary is the right place for you.