Overview

Cost of Living comparison

The following cost-of-living analysis provided by Economic Research Institute shows cost of living expenses in Calgary and other Canadian cities in comparison to the base Canada Average. The Relocation Assessor methodology uses the following categories in its modeling analysis: consumables, transportation, health services, rent/mortgage, utilities, insurance, and income/payroll taxes.

Essentially, the cost-of-living comparison is designed to assist companies for setting relocation compensation and allowance. The data is geared towards relocating company management and professionals, and the housing figures are reflective of suitable housing for the typical management/professional level family.

Two different scenerios are provided, with the first reflecting home ownership and related costs while the second table shows cost-of-living for rental housing. The third table shows cost-of-living for multiple income levels comparing the Canada Average to Calgary and other major Canadian cities.

When looking at the tables, it is important to understand that it may cost more to live in Calgary, but Calgarians have had the highest wages and salaries per employee in Canada for the past 12 years -- $66,844 per employee in 2012. It costs more, but you make more in Calgary.

Cost-of-living comparison - Calgary and other Canadian cities versus Canada Average  -- July 2014
 

 

 
Variables used: Annual earnings $100,000 Cdn; owned home, 2,000 square; family size: 4; two owned automobiles, value $30,000, 20,000 miles driven per year  
City Total Cost of Living (base set to equal earnings) COL % of Base City (Canada Average)
     
Canada Average, Canada -- (Base City) $100,000 100.0%
     
Calgary, AB $117,683 117.7%
Difference: Calgary vs Canada Average $17,683 17.7%
     
Vancouver, BC $159,799 159.8%
Difference: Vancouver vs Canada Average $59,799 59.8%
     
Edmonton, AB $112,680 112.7%
Difference: Edmonton vs Canada Average $12,680 12.7%
     
Toronto, ON $128,737 128.7%
Difference: Toronto vs Canada Average $28,737 28.7%
     
Ottawa, ON $128,431 128.4%
Difference: Ottawa vs Canada Average $28,431 28.4%
     
Montreal, QC $122,741 122.7%
Difference: Montreal vs Canada Average $22,741  22.7%
     
Halifax, NS $110,589 110.6%
Difference: Halifax vs Canada Average  $10,589 10.6%
     

Source: Economic Research Institute, Relocation Assessor, July 2014; reproduced with permission

 

Cost of Living Comparison -- Calgary and other Canadian cities versus Canada Average -- July 2014
     
Variables used: Annual earnings $75,000 Cdn; rent home, 1,000 square feet; family size: 4; one owned automobile, value $20,000, 10,000 miles driven per year  
City Total Cost of Living COL % of Base City
     

Canada Averate -- (Base City set to equal earnings)

$75,000 100.0%
     
Calgary, AB $87,576 116.8%
Difference: Calgary vs Canada Average $12,576 16.8%
     
Vancouver, BC $84,865 113.2%
Difference: Vancouver vs Canada Average $9,865  13.2%
     
Edmonton, AB $81,931 109.2%
Difference: Edmonton vs Canada Average $6,931   9.2%
     
Toronto, ON $88,923 118.6%
Difference: Toronto vs Canada Average $13,923  18.6%
     
Ottawa, ON $81,014 108.0%
Difference: Ottawa vs Canada Average $6,014  8.0%
     
Montreal, QC $89,227 119.0%
Difference: Montreal vs Canada Average $14,227 19.0%
     
Halifax, NS $78,691 104.9%
Difference: Halifax vs Canada Average $3,691  4.9%

Source: Economic Research Institute, Relocation Assessor, July 2014; reproduced with permission

 

 

Cost of Living Table by Income Level -- July 2014*

Base City: Canada Average -- Base City Income Levels (Cdn Dollars)

  $20,000 $40,000 $60,000  $80,000 $100,000 Average
Comparison Cities            
Calgary, AB $30,241 $54,369 $77,723  $99,412  $118,905 $76,130
Vancouver, BC $27,942 $51,590 $73,420  $94,224  $113,684 $72,172
Edmonton, AB $26,290 $48,875 $71,418  $92,737 $112,379 $70,340
Toronto, ON $30,811 $55,616 $78,631 $100,254 $120,562 $77,175
Ottawa, ON $25,056 $47,248 $68,536   $89,104 $109,748 $67,938
Montreal, QC $31,107 $53,946 $78,133 $100,563 $120,307 $76,811
Halifax, NS $22,561 $43,282 $63,240   $82,925 $102,996 $63,001

* Home rental values only

Source: Economic Research Institute, Relocation Assessor, July 2014; reproduced with permission