Is Calgary Expensive to Live in? 7 Facts You Should Know

Is Calgary Expensive to Live in? 7 Facts You Should Know 1

What is Calgary Famous for? What is living in Calgary like? Is Calgary expensive to live in?

Situated in the foothills of Canadian Rockies, Calgary is a cosmopolitan city in Alberta surrounded by beauty on all sides. Calgary covers an area of 848 square kilometers and is home to more than 1.4 million people. In the last 5-10 years, Calgary has seen a sudden rise in population.

Calgary generally witnesses warm and dry weather. The sun continues to shine even on cold days. Many people wonder if living in Calgary is convenient and is Calgary expensive to live in. Calgary may not be as expensive as cities like Toronto or Vancouver, but it is still high in some aspects. According to surveys, Calgary was the fourth most expensive city to live in in 2019. The main expense in Calgary that one will have to worry about is accommodation for apparent reasons. The rents are high due to a short supply of decent properties.

The other expenses depend on an individual’s preferences and tastes. Also, people moving to Calgary with their children will have to keep in mind the childcare expenses when considering the budget.

Is Calgary Expensive to Live in? 7 Facts That You Should Know

1. Accommodation

is Calgary expensive to live in

The most significant expense for people moving to Calgary is the accommodation cost. Due to lack of housing available, the rents have increased to such an extent that most of the average families are unable to rent property in the city, and others look to rent housing in an affordable neighborhood, which is outside the city limits.

2. Entertainment

Calgary entertainment

Fortunately, most of the entertainment that Calgary has to offer to its people is based outdoors, which means the expense of entertainment is generally less. In Calgary, there is an abundance of parks and open spaces. So, people spend most of the time biking trails of the Rockies and hiking instead of spending their hard-earned money at some shopping mall.

3. Education Cost

Calgary education

There is good news in store for people who are shifting to Calgary with their children. People have a fantastic option if sending their kids to public school at no cost. The education system of Alberta has benefitted a lot from government funding.

Above all, some of the best public schools in the province are situated in Calgary. However, a matter of concern is that childcare in Calgary is costly. This means that people with kids of pre-school going age will have to plan out the childcare portion in their budget carefully.

4. Transportation

Calgary transportation

 

The traveling cost in Calgary is reasonable, especially when it is compared to that of other cities in Canada. If one gets a monthly travel pass made, one can use it on both buses as well as trains, which is undoubtedly an effective way of managing transportation. There is no underground rail system in Calgary.

Although driving is not given much of a priority in Calgary, people owning their vehicles to move around find the cost of petrol to be very reasonable. Owning a car in Calgary is preferred more than using public transport.

5. Job Opportunities

The economic growth and unemployment in Calgary mainly depend on the price of oil. In the past six years, Alberta has seen hundreds and thousands of job losses in the oil and gas industry.

This is also relevant to Calgary as it is the headquarters for some big oil and gas companies in Canada. It also means that employment is dependent upon service sector jobs related to the oil field sector.

Over the last 5-6 years, the bleak job situation of Calgary has led to people moving out of the city to get back with their families or move out of Alberta altogether. The number of places available on rent has significantly increased, and the rent prices have gone too because of the high vacancy rates.

If you are in a job that does not depend on the oil sector, then Calgary will be an affordable city for you. Owning a house in Calgary is becoming more common for Calgarians due to the affordable rates.

Want to know the ten best jobs in Calgary?