We can’t get enough of the hustle and bustle in Calgary or Edmonton, but it’s not for everyone! Some dream of living a laid-back lifestyle far removed from crowded restaurants and busy streets and we get it! Not only can it get pretty wild, but living in a big city is incredibly expensive.

Luckily, for those looking to adopt a wallet-wise existence, the cheapest places to live in Alberta have been revealed for 2023.

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In a new report released by Spring Financial the most affordable places near Calgary and Edmonton were broken down and what they found might surprise you!

In addition to this, they also shared what they believed to be the best small towns in the province, starting with Lloydminster where the average home only costs $250,000 with rent sitting between $750 for a 1-bedroom apartment.

Medicine Hat, which has an average home price of $280,000, with rent starting at $850, also made the list, in addition to the following:

  • Grand Prairie (average home price: $380,000 | average rent for a 1 BR: $850)
  • High River (average home price: $419,000 | average rent for a 1 BR: $850)
  • Cold Lake (average home price: $400,000 | average rent for a 1 BR: $1,500)
  • Sylvan Lake (average home price: $470,000 | average rent for a 1 BR: $1,000)
  • Leduc County (average home price: $550,000 | average rent for a 1 BR: $1,000)

CHEAPEST PLACE TO BUY A HOME NEAR CALGARY

As for the cheapest place to buy a home near Calgary? Located 50 km east of Calgary, Strathmore was their top choice. Here, the housing prices average around $400,000 with an average after-tax income of $80,000 per year.

CHEAPEST PLACE TO BUY A HOME NEAR EDMONTON

Prefer to live closer to the City of Champions? Consider Vegreville! Known for its larger-than-life egg and wide open spaces, those who live here take home an average of $70,000 a year and can expect the average home to cost around $200,000. If of course, you’d rather rent, one-bedroom apartments cost as little as $850 a month.

So there you have it! The cheapest places to live in all of Alberta. Let us know what you think about these affordable destinations over on our socials. Will you be moving anytime soon? Why or why not?

Curiocity Staff

With a curated slate of what matters in your city, Curiocity presents you with the most relevant local food, experiences, news, deals, and adventures. We help you get the most out of your city and focus on the easy-to-miss details so that you’re always in the know.
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