How much does it cost to live in Edmonton?

Typical monthly costs in Edmonton are approximately C$1,400 in rent and C$1,400 in other expenses, totalling around C$2,800/month.

How much should I save in Edmonton?

Based on Statistics Canada SHS 2023, people at mid-range incomes in Canada typically save 12–20% of gross income. In a moderate cost city like Edmonton, housing costs can reduce this, particularly for renters.

Edmonton · CAD · moderate cost city

Cost of living in Edmonton — is your salary enough?

Edmonton rents average C$1,400/month, among the lowest of Canada's major cities, benefiting from Alberta's abundant land. Edmonton earners combine Alberta's no-provincial-income-tax advantage with low housing costs — an unusually strong savings environment.

Rent in Edmonton

BudgetC$1,100 – C$1,250/mo

TypicalC$1,400 – C$1,600/mo

PremiumC$1,800+/mo

Other monthly costs

Food, transport, bills, going out~C$1,400/mo

Total typical monthly spend~C$2,800/mo

How different incomes stack up

At typical Edmonton costs (C$1,400 rent)

C$40,000 – C$55,000→ saving 8.1%

On Track

C$55,000 – C$75,000→ saving 25.1%

Ahead

C$75,000 – C$105,000→ saving 45.9%

Ahead

See your personal verdict for Edmonton

Country

Annual income (gross)C$65,000

C$15,000C$232,500C$450,000+

Monthly rent or mortgageC$1,400/mo

C$0C$4,000C$8,000+

Other monthly expenses

Food, transport, subscriptions, going out — everything except rent

C$1,750/mo

C$0C$3,750C$7,500+

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Cost figures are estimates based on reported median rents and typical spending patterns. Savings benchmarks from Statistics Canada SHS 2023. Figures in CAD.

Check your savings rate in Edmonton →

Compare nearby cities

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Also in the Verdict suite

SalaryVerdict — Is your Edmonton salary competitive?SpendVerdict — Is your Edmonton rent too high?