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Cost of living in Edmonton

      
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2008 Housing Prices
 

Type

Price

Qualifying Household Income*

Standard Two-Storey

 $354,060 $86,337

Detached Bungalow

 $357,917 $85,549

Townhouse

 $263,750 $62,727

Condo

 $242,600 $57,417

* Based on a 25% down payment and a 25-year mortgage loan at a five-year fixed rate -excluding maintenance fees.
Source: RBC. March, 2008.

 

Date

Average House Price*

January-July 2006

$230,188

January-July 2007

$336,658
* Based on properties sold through the Multiple Listing Service.
Source: Canadian Real Estate Association. 2007.

 

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Average Rent for Two-Bedroom Apartments in 2007
$958.00 per month
 Source: Canada Mortgage and Housing Corporation. 2007.
 

 

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2006 Average expenditure per household
 

Concept

Annual Amount

Food

$7,276

Shelter

$13,551

Household Operation

$3,830

Transportation

 $10,470

Personal Taxes

$14,934

Source: Statistics Canada. 2008.

 

Public Transportation

Type

Ticket

Monthly Pass

Regular

$2.50

$66.50

Low Income

--

--

Special fares for Seniors, kids, and students; & Special hours.

Source: Edmonton Transit System. 2008.

 

2005 Average Car Insurance
$1,714.78 per year
 Source: Car Test .ca
 

2007 Minimum Wage
$8.00 per hour
 

Consumption Taxes
 Alberta is the only province in Canada with no Provincial Sales Tax (PST). However, there is a 4% Tourism Levy on all hotel rooms. The Canadian Government also charges 7% Goods & Services Tax (GST) on most purchases.
 

2007 Federal Income Tax

Net Income

Tax

Basic Personal Amount

0%

Up to $37,885

15%

Up to $72,769

22%

Up to $123,184

26%

Over $123,184

29%

Source: Canada Revenue Agency. 2008.

 

 

 

2006 Provincial Income Tax

Net Income

Tax

Basic Personal Amount

0%

Any amount

10%

Source: Alberta Government. 2006

 

    
   

2006 TOTAL VIOLENT Crime Rate
893 per 100,000 population.
 

    
   

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