For a large urban area, the cost of living in Calgary is relatively low. Calgary is an affordable city center in Canada where people young and old can find an affordable place to live. It's also a great place to find work. Knowing the cost of living in an area is important if you're thinking about relocating there. Having this information can help you decide if you can afford to stay there over the long term. If you're thinking about moving to Calgary sometime in the near future, here's what you need to know about the cost of living in this thriving city. Having this information can help you make an informed decision.
How Much Money Do You Need to Live for One Month?
A standard family of four can expect to pay about $4,000 per month on everyday expenses, excluding rent. Rent itself can be as much as $2,000, depending on where the family is renting and what size their apartment is. This is still better value for money than in Toronto, with the realtors at Buttonwood property management Toronto saying a one-bedroom in Toronto hit an average price of $2,299 at the beginning of the year. A potential home buyer who would like to find out how they can buy a home and make it affordable can work with a real estate professional. Their real estate professional can help them negotiate a price for a home they can afford.
A single person in Calgary can expect to pay approximately $1,100 per month just on living expenses, without rent. Still, most single people looking for an apartment to rent in Calgary can expect to pay at least $800 each month for their lodging.
What's Employment Like in Calgary?
Compared to the rest of Canada, Calgary has the highest number of millionaires per capita, and the highest personal income per capita. Major industries in Calgary include real estate, creative industries, energy, technology, renewable energy, agribusiness, manufacturing and transportation. People who want to find employment in these industries often move to Calgary to get their start. Even minimum wage in Calgary is slightly higher than minimum wage in the rest of Canada. It's a good place to work.
Contact a Real Estate Professional
If you're thinking about buying a home in Calgary sometime in the near future, contact a real estate professional in your area. Your real estate agent can help you identify the best neighbourhoods for your budget. If you have a job in Calgary, your real estate professional can also help you identify the best neighbourhoods for a short commute.
If you're trying to relocate as inexpensively as possible, your real estate professional can help you save money by negotiating a fair price for the home you'd like to purchase. Working with an experienced professional can help you stay informed as you plan your upcoming relocation to this thriving city.