Calgary · CAD · high cost city
Savings rate in Calgary — are you on track?
Calgary is a high cost city. Calgary rents average C$1,700/month, with strong demand driven by energy-sector employment. Calgary's combination of high energy-sector incomes and moderate costs creates strong conditions for mid-income saving.
Median rent
C$1,700/mo
Calgary 2023
Typical other costs
C$1,500/mo
excl. housing
Savings benchmark
4–14%
mid-income CAD
Pre-set for Calgary — adjust to your situation
What a good savings rate looks like in Calgary
Using data from Statistics Canada SHS 2023, people at mid-range incomes in Canada typically save between 4–14% of gross income. In a high cost city like Calgary, housing costs can compress that meaningfully — especially for renters.
Minimum
4%
floor — not building
Expected
8%
benchmark
Strong
20%
top tier
Source: Statistics Canada SHS 2023. Benchmarks shown for mid-income earners in Canada.
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