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  -- April 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 $117,382 117.4%
Difference: Calgary vs Canada Average $17,382 17.4%
     
Vancouver, BC $160,664 160.7%
Difference: Vancouver vs Canada Average $60,664 60.7%
     
Edmonton, AB $111,931 111.9%
Difference: Edmonton vs Canada Average $11,931  11.9%
     
Toronto, ON $128,501 128.5%
Difference: Toronto vs Canada Average $28,501 28.5%
     
Ottawa, ON $125,524 125.5%
Difference: Ottawa vs Canada Average $25,524 25.5%
     
Montreal, QC $123,462 123.5%
Difference: Montreal vs Canada Average $23,462  23.5%
     
Halifax, NS $110,979 110.0%
Difference: Halifax vs Canada Average  $10,979 11.0%
     

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

 

Cost of Living Comparison -- Calgary and other Canadian cities versus Canada Average -- April 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 $87,787 117.0%
Difference: Calgary vs Canada Average $12,787 17.0%
     
Vancouver, BC $83,546 111.4%
Difference: Vancouver vs Canada Average $8,546  11.4%
     
Edmonton, AB $82,145 109.5%
Difference: Edmonton vs Canada Average $7,145   9.5%
     
Toronto, ON $89,162 118.9%
Difference: Toronto vs Canada Average $14,162  18.9%
     
Ottawa, ON $80,951 107.9%
Difference: Ottawa vs Canada Average $5,951  7.9%
     
Montreal, QC $89,868 119.8%
Difference: Montreal vs Canada Average $14,868 19.8%
     
Halifax, NS $78,977 105.3%
Difference: Halifax vs Canada Average $3,977  5.3%

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

 

 

Cost of Living Table by Income Level -- April 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 $30,444 $54,850 $78,531 $100,457 $119,970 $76,850
Vancouver, BC $26,944 $50,116 $71,544  $92,014  $111,451 $70,424
Edmonton, AB $26,529 $49,107 $71,550  $92,708 $112,326 $70,444
Toronto, ON $31,045 $56,172 $79,569 $101,479 $121,848 $78,023
Ottawa, ON $25,078 $47,188 $68,381   $88,849 $109,508 $67,801
Montreal, QC $31,594 $54,783 $79,152 $101,680 $121,466 $77,735
Halifax, NS $22,749 $43,726 $63,953   $83,130 $104,048 $63,691

* Home rental values only

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