For two adults and a child, you would need approximately:
Rent - $1500 for a two-bedroom apartment with utilities in a mid-income area (you will also need the equivalent of one month's rent for a damage deposit when you move in)
(House prices average around $350,000 if you're planning on buying)
Cable, local phone and internet - about $100 per month
Food - $500 per month
Transportation - $65 per person, per month for a bus pass
Government health insurance payments - $100 per month (for the family)
There are other expenses like moving expenses, furnishing your new home, paying school fees, entertainment, etc. A family of three (two adults, one kid) living in Alberta would need to earn $32,000 annually (approximately) to live above the poverty line (according to the government). However, I believe you would need to earn significantly more to live any kind of enjoyable life. If one adult is working 40 hours per week at $10 per hour, that family would only be earning about $20,000 annually. That's not enough for one person to survive, much less three.
DO NOT come to Calgary without getting some solid financial advice first. Financially, it's a crazy place.
2006-12-08 10:24:24
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answer #1
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answered by Jetgirly 6
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First you need to define "family of 3" - if you mean, mom, dad and a child in elementary school not needing daycare or a one which does. There is a huge difference in the cost of living depending on the age of the child. Daycare if you can find it can cost you an arm and a leg - think in the $800 range.
First - yes, the wages can be good depending on what you're capable of working at - don't expect to be able to make ends meet working at a fast food place at $11.00 per hour.
Houses to buy > starter homes if you can even find one will set you back $325,000plus > rent for something decent (remember the vacancy rate is -.1) think in the $1500. range with a damage deposit to equal the rent payment.
Groceries are more or less in the same cost range as elsewhere in the country so I wouldn't be concerned about it.
If we're talking utilities: your gas heating might be just a little less than say Ontario, but expect to pay more for a water bill and for electricity.
Sure we don't gst but I can tell you there are a lot of "user" fees that can counter the relief life: paying for your own health care premiums, paying a processing fee if paying at a registry office for your vehicle plates or your license. Let's not forget all the user fees for school - busing takes a huge chunk, school fees even for elecmentary kids, lunch fees and every other fee you can imagine. If you're planning on putting your child into sports I can tell you the cost will be much higher than a lot of places in Ontario.
While there are definate advantages to living in Alberta - new comers must realize it's not all roses either. If you don't come prepared you'll end up hating it. I'm fortuanate that my children don't have school anymore because I don't think that I could afford to pay for all the extra fees here compared to my hometown in Ontario. Yes, I absolutely like it here or I wouldn't have stayed for the last 10 years but would I move here at this point in time from my hometown - I don't know - I'd sure have to give it some serious thought and research before hand.
2006-12-06 05:15:07
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answer #2
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answered by junebug 5
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Cost of living in Calgary has increased over the past 6 months. A rental property in Calgary, for 2 bedrooms would run you about 900-1500$ per month. To purchase, about 180,000 - ++++ However there are alot of jobs avaliable, you may find problems with the housing. Depends on the lifestyle you and your family intend to live. Good Luck
2006-12-06 02:25:34
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answer #3
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answered by Anonymous
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on the 2nd Calgary is booming so the value of living has exploded. as an occasion a three mattress room domicile 2 years in the past grow to be advertising for the low $200s now you're finding at 4 hundred thous and up.
2016-10-14 03:09:48
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answer #4
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answered by cutburth 4
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It's insanely expensive, seriously. U_U Unless you've got an awesome job.
My friend and her husband were living there; he was making 25$ an hour, and they still had to eventually leave because they couldn't afford to live there.
Check out surrounding suburbs; see if any of those are more affordable.
2006-12-05 18:40:00
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answer #5
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answered by Japandra 3
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about $900to1,500
2006-12-07 04:43:16
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answer #6
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answered by ? 4
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