Savings rate in Edmonton — are you on track?
Edmonton is a moderate cost city. 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.
Median rent
C$1,400/mo
Edmonton 2023
Typical other costs
C$1,400/mo
excl. housing
Savings benchmark
4–14%
mid-income CAD
Pre-set for Edmonton — adjust to your situation
What a good savings rate looks like in Edmonton
Using data from Statistics Canada SHS 2023, people at mid-range incomes in Canada typically save between 4–14% of gross income. In a moderate cost city like Edmonton, housing costs can compress that meaningfully — especially for renters.
Source: Statistics Canada SHS 2023. Benchmarks shown for mid-income earners in Canada.
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