Your Guide to Personal Financial Freedom: Finance Glide

Top 7 Cheapest Places to Live in Alberta in 2023 (Find Your New Home on a Budget )

In this post, I will discuss the cheapest places to live in Alberta. I will explain why these cities have been considered as the cheapest places to live in Alberta and why you should consider them too.

Key Takeaways : Cheapest Places to Live in Alberta

  1. Alberta offers a variety of cities and towns with affordable living options, including Medicine Hat, Lethbridge, Camrose, and Wetaskiwin.
  2. The cost of living in these locations is influenced by a number of factors, including housing costs, grocery expenses, health care costs, and job opportunities.
  3. It’s important for potential residents to do their own research and weigh their personal priorities when deciding where to live.
  4. While cost of living is an important consideration, it’s also important to consider other factors such as quality of life, outdoor activities, and cultural offerings.
  5. Additional resources for learning about living in Alberta on a budget include the Alberta government’s website, local chambers of commerce, and online forums for residents of specific communities.

While the key takeaways I’ve outlined at the beginning of this post are important, it’s worth exploring each of these concepts in more detail to fully understand how they can impact your life. So, read on!

The introduction


Cheapest Places to Live in Alberta

Picture this: You’re a young professional who just landed a great job opportunity in Alberta, Canada.

The only problem is, you’re not sure if you can afford to live there.

You don’t want to be living paycheck to paycheck, but you also don’t want to miss out on this amazing opportunity.

That’s where we come in. In this blog post, we’ll be delving into the 7 cheapest places to live in Alberta, Canada.

I want to help you find a city or town that fits your budget without sacrificing your quality of life.

So, let’s get started on this exciting journey to discover the most affordable places to live in Alberta, Canada!

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Let’s face it, living expenses can quickly add up, leaving little room for savings or enjoyment. That’s why finding an affordable place to live is crucial, especially if you’re on a tight budget.

Alberta, Canada, is known for its diverse range of cities and towns, each with its own unique charm and lifestyle.

However, the cost of living can vary greatly from one place to another. By finding affordable places to live in Alberta, you can reduce your expenses and have more money to spend on things that matter most to you, such as travel, hobbies, or savings.

Additionally, finding an affordable place to live can help reduce stress and increase overall happiness and well-being, as financial worries can be a significant source of stress.

Therefore, taking the time to research and find affordable places to live in Alberta is an essential step to achieving financial stability and overall life satisfaction.

Let’s paint a picture: You’re a recent college graduate, and you’ve landed your dream job in Alberta, Canada. The only problem is, you’re not sure if you can afford to live there.

You’re worried that rent and other living expenses might eat up all your income, leaving you with little room for savings or enjoyment. You don’t want to miss out on this incredible opportunity, but you also don’t want to be living paycheck to paycheck.

That’s where the importance of finding affordable places to live comes in.

By finding affordable places to live in Alberta, you can reduce your expenses and have more financial flexibility to enjoy your new job and explore your new surroundings.

You’ll be able to afford more of the things you love, such as trying out local restaurants, attending events, and exploring the beautiful natural landscapes that Alberta has to offer. Plus, finding affordable housing can help reduce financial stress, allowing you to focus on your job and personal goals.

It’s not just about recent graduates, though. Whether you’re a young family, a retiree or anyone in between, finding affordable places to live in Alberta is essential.

It can mean the difference between struggling to make ends meet and living a comfortable life that allows you to enjoy everything this amazing province has to offer.

So, let’s dive into the 7 cheapest places to live in Alberta and help you find the perfect place to call home!

Which are the cheapest places to live in Alberta?

The cost of living in Alberta can vary widely depending on the city or town. Some of the cheapest places to live in Alberta include:

  1. Medicine Hat: Located in the southeast of Alberta, Medicine Hat is known for its natural gas reserves and low cost of living.
  2. Lethbridge: Lethbridge is a city in southern Alberta and is home to several post-secondary institutions, including the University of Lethbridge.
  3. Red Deer: Red Deer is located in central Alberta and has a lower cost of living compared to the larger cities of Edmonton and Calgary.
  4. Camrose: Camrose is a small city located southeast of Edmonton and has a relatively low cost of living.
  5. Wetaskiwin: Wetaskiwin is a small city located south of Edmonton and has a lower cost of living compared to many other cities in the province.

It’s important to keep in mind that the cost of living can vary depending on factors such as housing, transportation, and food costs. It’s always a good idea to research the specific costs of living in a particular area before making a move.

Chapter 1


Alberta, Canada

Alberta is a province of Canada. It has an area of 661,848 square kilometres (255,500 sq mi) and a population of 4,067,175 in 2016.

Alberta is a province of Canada. It has an area of 661,848 square kilometres (255,500 sq mi) and a population of 4,067,175 in 2016. 

The province’s name was chosen by Queen Victoria, when the British Columbia territory was named “British Columbia”. 

The Northwest Mounted Police (now the Royal Canadian Mounted Police or RCMP) named Calgary Fort Brisebois after NWMP officer Éphrem-A. Brisebois when it was founded in 1875. 

During the suppression of Louis Riel’s Red River Rebellion in 1870–71, he was second-in-command at Fort Calgary. In 1914, the city of Calgary was formed (1905 as Ernestown).

It is the fourth largest province in terms of area in Western Canada, after Quebec, Ontario, and British Columbia.

LIVING IN CANADA

Alberta is the third-largest province in Canada, with a total area of 661,848 square kilometers (255,500 sq mi).

The province’s population was estimated to be 4,067,175 in 2016.

Alberta’s capital is Edmonton. Calgary is the second-largest city in Alberta.

To the south, the province is bordered by the US states of Montana, North Dakota, and Saskatchewan; to the west, British Columbia; to the northwest, Yukon Territory; and to the north, Nunavut Territory.

The United States borders Alberta on the south, British Columbia on the west, the Northwest Territories on the north, and the United States state of Montana on the east.

The climate in Alberta is dry and continental, with frigid winters and pleasant summers. The northern parts of Canada are colder in winter and hotter in summer than the rest of the country due to their northerly latitude.

Alberta is home to a number of national parks, including Jasper National Park and Banff National Park.

Alberta is home to a number of national parks, including Jasper National Park and Banff National Park.

The provincial park system in Alberta is well-known.

Jasper National Park, Banff National Park, and Waterton Lakes National Park are among the province’s national parks.

Although getting about Alberta is a little more challenging than in other provinces, there is so much to see and do here that it is well worth the effort. Remember, if you’re visiting from another nation, make sure you have all of the proper documents.

Alberta is one of the most beautiful provinces in Canada. For those who enjoy the great outdoors, it offers a diverse spectrum of unpolluted landscapes. 

There are numerous outdoor activities to enjoy, ranging from mountain biking to skiing. If you’re looking for a less expensive city in Alberta, look no further!

Alberta is known for its beautiful landscape, oil fields, and diverse cities and towns. But one thing you might not know is that the cost of living in this province can vary widely, depending on where you live.

That’s why it’s important to do your research and find the cheapest places to live in Alberta. In this post, I’ll share the top 7 cheapest places to live in Alberta, along with the factors that affect the cost of living in this province.

Factors that affect the cost of living in Alberta

There are several factors that influence the cost of living in Alberta, Canada. Some of the primary factors include housing, food, transportation, healthcare, taxes, and entertainment.

Housing is one of the most significant contributors to the cost of living in Alberta. The price of rent or mortgage can vary significantly depending on the location, size, and type of dwelling. Urban centers like Calgary and Edmonton are typically more expensive than smaller towns and rural areas.

The cost of food also plays a role in the overall cost of living. Alberta is known for its beef and agricultural products, which can be more affordable in comparison to imported foods. However, the price of groceries can fluctuate depending on the season and availability.

Transportation costs can also be a significant factor in the cost of living. Owning a vehicle, maintaining it, and filling up on gas can add up quickly. Public transportation is available in larger cities, but it may not be as reliable or accessible in smaller towns.

Access to healthcare is important, but it also comes at a cost. In Alberta, healthcare is covered by the government, but certain services or treatments may not be covered. Private healthcare insurance can help offset these costs, but it can also increase the overall cost of living.

Taxes are another significant factor in the cost of living. Alberta does not have a provincial sales tax, but there are still income taxes, property taxes, and federal taxes that need to be considered.

Lastly, entertainment and leisure activities can also impact the cost of living. Alberta has plenty of outdoor activities like hiking and skiing that are affordable or even free. However, attending concerts, going to the movies, or dining out can be more expensive.

Overall, there are several factors to consider when it comes to the cost of living in Alberta, and it’s important to budget and plans accordingly.

Chapter 2


Medicine Hat, Alberta

So, have you ever heard of Medicine Hat? It’s a small but lively city located in the southeastern part of Alberta.

With a population of around 63,000 people, it’s definitely not the biggest city in Alberta, but it still manages to pack a punch.

One of the best things about Medicine Hat is that it’s an affordable place to live.

If you’re trying to save some money, this is definitely a city worth considering.

For example, the average rent for a one-bedroom apartment is only around $800, which is a steal compared to the rental prices in larger cities like Calgary or Edmonton.

But just because Medicine Hat is affordable doesn’t mean it’s lacking in amenities.

In fact, the city has a lot to offer in terms of recreation and entertainment.

There are several parks where you can go for a walk, have a picnic, or even play a game of frisbee with friends.

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If you’re a fan of golf, you’ll be happy to know that there are multiple golf courses in the area.

And if you’re a history buff or art lover, there are several museums and galleries to explore as well.

One thing that makes Medicine Hat particularly unique is its nickname – “The Sunniest City in Canada.” This is due to the fact that the city receives more sunshine than any other city in the country. So if you’re someone who loves warm, sunny weather, this might just be the perfect place for you.

All in all, Medicine Hat is a fantastic city that offers an affordable cost of living, plenty of amenities, and a unique charm that you won’t find anywhere else.

The average income in Medicine Hat is also relatively high, which means that residents can enjoy a good quality of life without breaking the bank.

Located in the southeastern part of Alberta, near the Saskatchewan border, Medicine Hat is a city that offers affordable living for its residents. Here’s a detailed look at the cost of living, job opportunities, outdoor activities, and culture in Medicine Hat.

Cost of living in Medicine Hat

Cost of Renting an Apartment: The cost of renting an apartment in Medicine Hat is relatively low. A one-bedroom apartment costs around $900 per month, a two-bedroom apartment averages around $1,100 per month, and a three-bedroom apartment is around $1,400 per month.

Cost of Buying a House: Buying a house in Medicine Hat is also affordable, with the average price ranging between $200,000 to $300,000.

Cost of Groceries: The cost of groceries in Medicine Hat is on par with the average cost of groceries in Alberta.

Cost of Food: Eating out in Medicine Hat is also relatively affordable, with a meal at a mid-range restaurant costing around $20.

Cost of Health Care: Health care in Medicine Hat is relatively affordable, as the province of Alberta provides its residents with free basic health care.

Cost of Transportation: The cost of transportation in Medicine Hat is low, with a monthly bus pass costing around $62.

Cost of Electricity: The cost of electricity in Medicine Hat is also lower than in other parts of the province.

Cost of the Internet: The cost of the internet in Medicine Hat is on par with the national average.

Cost of Entertainment: The cost of entertainment in Medicine Hat is relatively low, with movie tickets costing around $12 and a fitness club membership costing around $60 per month.

Job Opportunities: Medicine Hat offers a variety of job opportunities, particularly in the gas and oil industries, agriculture, and healthcare.

Outdoor Activities: Medicine Hat is a haven for outdoor enthusiasts, with plenty of hiking, biking, and skiing trails. The city has several parks, including the Echo Dale Regional Park and Kin Coulee Park, where residents can enjoy picnicking, fishing, and camping.

Culture: Medicine Hat is home to several cultural attractions, including the Medalta Potteries National Historic Site, the Esplanade Arts and Heritage Centre, and the Monarch Theatre, which hosts a variety of cultural events throughout the year.

Pros of living in Medicine Hat

Affordable Cost of Living: The cost of living in Medicine Hat is lower compared to other cities in Alberta, making it an attractive option for people on a budget.

Strong Community Spirit: Medicine Hat is known for its strong sense of community, making it a friendly and welcoming place to live.

Beautiful Natural Scenery: The city is surrounded by stunning natural scenery, including the South Saskatchewan River, Cypress Hills, and the Medicine Hat Badlands, providing many opportunities for outdoor recreation.

Abundance of Job Opportunities: Medicine Hat’s economy is diverse, with a strong presence in the energy sector, manufacturing, and retail. There are also opportunities in the healthcare, education, and service sectors.

Cultural Attractions: The city has a rich cultural scene with numerous museums, art galleries, and a thriving music and theater community.

Medicine Hat offers a low cost of living, ample job opportunities, and plenty of outdoor activities and cultural attractions.

However, it also has its challenges, such as harsh winters and limited public transportation. Nonetheless, it remains an attractive option for those seeking affordable living in Alberta.

Cons of living in Medicine Hat

  • Extreme Weather: The weather in Medicine Hat can be extreme, with hot summers and cold winters, which may not be suitable for everyone.
  • Limited Public Transportation: Public transportation in the city is limited, so residents may need to rely on their cars or other forms of transportation.
  • Isolation: Medicine Hat is located in the southeastern part of the province, which may make it feel isolated from the rest of Alberta.
  • Limited Entertainment Options: While the city has a strong cultural scene, there may be limited entertainment options, particularly for young adults.
  • High Property Crime Rates: According to the Crime Severity Index, Medicine Hat has one of the highest property crime rates in Canada, which may be a concern for some residents.

Chapter 3


Lethbridge, Alberta

Lethbridge is a city located in the southern part of Alberta, with a population of around 100,000 people.

It’s the fourth-largest city in the province and is known for its stunning scenery and friendly community.

One of the great things about living in Lethbridge is its relatively affordable cost of living.

Compared to some of the larger cities in Alberta, you can expect to save some money if you choose to live here.

For example, the average rent for a one-bedroom apartment is around $900, which is significantly lower than what you would pay in cities like Calgary or Edmonton.

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But just because Lethbridge is affordable doesn’t mean it’s lacking in amenities.

There are plenty of things to do and see in the city. For example, if you’re an outdoor enthusiast, you’ll love the many parks and trails that are available for hiking, biking, and even skiing in the winter.

And if you’re a fan of the arts, there are several theaters and galleries to explore as well.

Another great thing about Lethbridge is its strong job market.

The city is home to several major employers, including the University of Lethbridge, Lethbridge College, and the Chinook Regional Hospital.

So if you’re looking for work, there are plenty of opportunities available.

All in all, Lethbridge is a great place to live for anyone looking for an affordable yet vibrant community with plenty of amenities and job opportunities.

Lethbridge is another affordable city in Alberta that is popular with budget-conscious residents. With a median home price of around $300,000, the city offers a range of affordable housing options to suit a variety of budgets. Lethbridge is also home to a number of key amenities, including shopping centers, restaurants, and recreational facilities.

The city is known for its vibrant arts scene and hosts a range of cultural events throughout the year, including the popular Lethbridge Jazz Festival. There are also a number of job opportunities available in the city, particularly in the healthcare and education sectors.

Location: Located in southern Alberta, Lethbridge is a vibrant city with a population of over 100,000. It is situated in a beautiful valley and is known for its warm climate and scenic views.

Cost of living in Lethbridge

Cost of Renting: The cost of renting a one-bedroom apartment in Lethbridge is around $900 per month, while a two-bedroom apartment costs around $1,100 per month. A three-bedroom apartment can cost up to $1,500 per month.

Cost of Buying a House: The cost of buying a house in Lethbridge is more affordable compared to other cities in Alberta. The average cost of a house in Lethbridge is around $320,000.

Cost of Groceries: The cost of groceries in Lethbridge is generally lower than other cities in Alberta. A gallon of milk costs around $3.50, a loaf of bread costs around $2.50, and a dozen eggs cost around $2.80.

Cost of Food: Lethbridge offers a diverse range of food options, and the cost of food is reasonable. A meal for two at a mid-range restaurant can cost around $60, while a fast-food meal costs around $10.

Cost of Health Care: Health care in Lethbridge is publicly funded, and the cost of healthcare is lower compared to other provinces in Canada.

Cost of Transportation: Lethbridge has a well-connected public transit system, and the cost of transportation is affordable. A monthly pass costs around $72, while a one-way ticket costs $2.25.

Cost of Electricity: The cost of electricity in Lethbridge is similar to other cities in Alberta. The average monthly electricity bill for a 900-square-foot apartment is around $75.

Cost of the Internet: The cost of the internet in Lethbridge is reasonable, and various providers offer different packages. The average cost of an internet package is around $65 per month.

Cost of Entertainment: Lethbridge offers a range of entertainment options, including parks, museums, and art galleries. The cost of entertainment is reasonable, and many events are free.

Job Opportunities: Lethbridge has a strong economy, and there are many job opportunities in various sectors, including agriculture, healthcare, and education.

Outdoor Activities: Lethbridge is known for its outdoor activities, including hiking, biking, and fishing. The city is also home to many parks, and there are many opportunities for outdoor recreation.

Culture: Lethbridge has a rich cultural scene, with many festivals and events taking place throughout the year. The city has a strong arts community, with many galleries and museums showcasing local artists.

Pros of living in Lethbridge

  • Outdoor activities: Lethbridge is located near the Canadian Rockies and offers easy access to hiking, skiing, and other outdoor activities.
  • Cultural diversity: Lethbridge has a diverse population and celebrates that diversity with festivals, events, and cultural organizations.
  • Affordable housing: The cost of living in Lethbridge is relatively low, and housing costs are more affordable than in many other Canadian cities.
  • Educational opportunities: Lethbridge is home to the University of Lethbridge, which offers undergraduate and graduate programs in a variety of fields.
  • Job opportunities: Lethbridge has a strong economy, with employment opportunities in industries such as agriculture, healthcare, and education.

Cons of living in Lethbridge

  • Harsh winter weather: Lethbridge is known for having cold winters with frequent snowfall, which can make driving and outdoor activities challenging.
  • Limited public transportation: Lethbridge’s public transportation system is limited, which can make it difficult to get around the city without a car.
  • Air pollution: Lethbridge can experience poor air quality due to the combination of the city’s geography and industrial activity in the area.
  • High crime rate: Lethbridge has a higher-than-average crime rate, particularly for property crimes.
  • Limited entertainment options: While Lethbridge does have a variety of cultural and recreational opportunities, some residents may find the city’s entertainment options to be limited compared to larger urban areas.

Chapter 4


Red Deer, Alberta

Red Deer is a city located in the central part of Alberta, with a population of around 100,000 people.

It’s the third-largest city in the province and is known for its natural beauty, cultural events, and thriving economy.

One of the best things about living in Red Deer is its affordable cost of living.

Compared to larger cities like Calgary or Edmonton, you can expect to save some money if you choose to live in Red Deer.

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For example, the average rent for a one-bedroom apartment is around $900, which is significantly lower than what you would pay in larger cities.

Red Deer also has plenty of amenities to offer its residents.

There are several parks and recreational areas in the city where you can go for a walk, have a picnic or play a game of soccer.

And if you’re a fan of the arts, there are several galleries, museums, and theaters to explore as well.

The city is also known for its strong sense of community and hosts a range of community events throughout the year. Job opportunities in Red Deer are available in a range of industries, including healthcare, education, and manufacturing.

Another great thing about Red Deer is its strong economy. The city is home to several major employers, including Red Deer College, Red Deer Regional Hospital, and the City of Red Deer. There are also plenty of job opportunities in industries like oil and gas, agriculture, and manufacturing.

All in all, Red Deer is a fantastic city to call home if you’re looking for an affordable place to live with plenty of amenities and job opportunities.

Cost of living in Red Deer

When it comes to the cost of living in Red Deer, it’s generally considered to be quite affordable. The average rent for a one-bedroom apartment is around $900 per month, which is significantly lower than what you would pay in larger cities like Calgary or Edmonton.

For a 2-bedroom apartment, you can expect to pay around $1,200 per month, while a 3-bedroom apartment will cost you around $1,500 per month. If you’re looking to buy a home outrightly, the average cost is around $400,000.

When it comes to monthly expenses, you can expect to spend around $300 on food and groceries, $150 on transportation (assuming you own a car and have insurance), $70 on the internet, and $150 on electricity.

Healthcare costs will vary depending on your needs and coverage, but you can expect to pay around $50-$100 per month.

As for entertainment, there are plenty of free or low-cost activities to enjoy in Red Deer, such as hiking or biking in the nearby parks or attending local cultural events. If you’re looking for something more expensive, like going to the movies or dining out at a nice restaurant, you can expect to spend around $50-$100 per outing.

When it comes to job opportunities, Red Deer has a thriving economy with several major employers, including Red Deer College, Red Deer Regional Hospital, and the City of Red Deer.

There are also plenty of job opportunities in industries like oil and gas, agriculture, and manufacturing. Whether you’re looking for a career in healthcare, education, or trades, there are plenty of options available in Red Deer.

Pros of living in Red Deer

  • Affordable cost of living: Camrose offers an affordable cost of living compared to many other cities in Alberta. Housing, groceries, and healthcare costs are relatively reasonable.
  • Community-oriented: Camrose is a close-knit community that is friendly and welcoming. It is a great place to raise a family and build relationships with neighbors.
  • Access to outdoor activities: Camrose is surrounded by natural beauty and offers a variety of outdoor activities such as hiking, biking, fishing, and camping.
  • Good schools: Camrose has excellent schools, making it a great place to raise children.
  • Vibrant arts and culture scene: The city has a thriving arts and culture scene, with several events and festivals held throughout the year.

Cons of living in Red Deer

  • Limited job opportunities: The job market in Camrose is limited, which may make it difficult to find employment in certain industries.
  • Harsh winters: Camrose experiences long and harsh winters, which may not be appealing to those who do not enjoy cold weather.
  • Limited nightlife: There are limited options for entertainment and nightlife in Camrose, which may not appeal to those who enjoy a vibrant nightlife scene.
  • Limited healthcare options: Although healthcare is affordable, there are limited options for medical treatment in Camrose, which may be an issue for those with more serious health issues.
  • Limited public transportation: Public transportation in Camrose is limited, which may make it difficult for those without a car to get around.

Chapter 5


Grande Prairie, Alberta

Grande Prairie is a city located in the northwest part of Alberta, with a population of around 63,000 people.

It’s known for its natural beauty, friendly community, and growing economy.

When it comes to the cost of living in Grande Prairie, it’s generally considered to be affordable.

The average rent for a one-bedroom apartment is around $1,100 per month, while a 2-bedroom apartment will cost you around $1,300 per month.

If you’re looking to buy a home, the average cost is around $300,000, which is significantly lower than what you would pay in larger cities like Calgary or Edmonton.

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When it comes to monthly expenses, you can expect to spend around $300 on food and groceries, $150 on transportation (assuming you own a car and have insurance), $70 on internet, and $150 on electricity.

Health care costs will vary depending on your needs and coverage, but you can expect to pay around $50-$100 per month.

Grande Prairie also has plenty of amenities to offer its residents.

There are several parks and recreational areas in the city where you can go for a walk, have a picnic, or play a game of soccer.

And if you’re a fan of the arts, there are several galleries, museums, and theaters to explore as well.

Another great thing about Grande Prairie is its strong economy.

The city is home to several major employers, including Grande Prairie Regional College, Grande Prairie Regional Hospital, and the City of Grande Prairie.

There are also plenty of job opportunities in industries like oil and gas, agriculture, and construction.

All in all, Grande Prairie is a great city to call home if you’re looking for an affordable place to live with plenty of amenities and job opportunities.

Cost of living in Grand Prairie

Category Average Cost
Average rent for a one-bedroom apartment $1,000 per month
Average rent for a 2 and 3-bedroom apartment $1,300 per month
Average cost of buying a home outrightly $280,000
Average monthly cost of food and groceries $500 per month
Average monthly cost of transportation $100 per month
Average monthly cost of internet $70 per month
Average monthly cost of electricity $120 per month
Average monthly cost of health care $80 per month
Average monthly cost of entertainment $200 per month

Living in Grande Prairie, like any other city, has its advantages and disadvantages. Here are some of the pros and cons of living in Grande Prairie, Alberta:

Pros:

Affordable cost of living: Grande Prairie has a relatively affordable cost of living, particularly when compared to larger cities like Calgary and Edmonton.
Employment opportunities: Grande Prairie is known for its oil and gas industry, which provides many employment opportunities for people in the region.
Outdoor recreation: The city is surrounded by beautiful natural areas, including the Peace River Valley and the Canadian Rockies. Residents can enjoy a variety of outdoor activities, such as hiking, camping, skiing, and fishing.
Diverse community: Grande Prairie is a diverse city with people from various cultures and backgrounds, making it a vibrant and welcoming community.

Cons:

Harsh winters: The winters in Grande Prairie can be harsh, with extremely cold temperatures and heavy snowfalls. This can make it difficult to enjoy outdoor activities during the winter months.
Limited public transportation: The city has limited public transportation options, which can make it challenging for those without a vehicle to get around.
Remote location: Grande Prairie is located in a remote area of Alberta, which can make it challenging to access goods and services that may be more readily available in larger cities.
Crime rates: The city has experienced a rise in crime rates in recent years, particularly in property crimes.
Overall, Grande Prairie is a great place to live if you enjoy outdoor recreation and a tight-knit community. However, it may not be the best fit for those who require access to a wider range of goods and services or who prefer milder winters.

Chapter 6


Camrose, Alberta

Camrose is a small city located in central Alberta, Canada.

The city has a population of around 19,000 people and is situated about an hour southeast of Edmonton.

Despite its small size, Camrose offers a variety of amenities and attractions, including several parks and trails, a performing arts theatre, and an aquatic center.

If you’re looking for an affordable place to live in Alberta, Camrose is definitely worth considering.

The cost of living in Camrose is generally lower than in larger cities like Edmonton and Calgary, and there are plenty of options for affordable housing.

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Camrose is also home to a range of key amenities, including shopping centers, restaurants, and recreational facilities.

The city is known for its strong sense of community, with a range of community events and festivals held throughout the year.

Job opportunities in Camrose are available in a range of industries, including healthcare, education, and agriculture.

Cost of living in Camrose, Alberta

Here is some information about the cost of living in Camrose:

  • Average rent for a one-bedroom apartment: $950 per month
  • Average rent for a 2 and 3-bedroom apartment: $1,100-$1,500 per month
  • Average cost of buying a home outrightly: $300,000-$400,000
  • Average monthly cost of food and groceries: $400-$500 per month
  • Average monthly cost of transportation: $100-$200 per month
  • Average monthly cost of internet: $60-$80 per month
  • Average monthly cost of electricity: $120-$150 per month
  • Average monthly cost of health care: $80-$100 per month
  • Average monthly cost of entertainment: $100-$200 per month

In addition to its affordable cost of living, Camrose also offers job opportunities in industries such as healthcare, education, and agriculture. The city is home to several hospitals and healthcare facilities, as well as the University of Alberta Augustana Campus.

Pros of living in Camrose

  • Affordable cost of living: Camrose offers an affordable cost of living compared to many other cities in Alberta. Housing, groceries, and healthcare costs are relatively reasonable.
  • Community-oriented: Camrose is a close-knit community that is friendly and welcoming. It is a great place to raise a family and build relationships with neighbors.
  • Access to outdoor activities: Camrose is surrounded by natural beauty and offers a variety of outdoor activities such as hiking, biking, fishing, and camping.
  • Good schools: Camrose has excellent schools, making it a great place to raise children.
  • Vibrant arts and culture scene: The city has a thriving arts and culture scene, with several events and festivals held throughout the year.

Cons of living in Camrose

  • Limited job opportunities: The job market in Camrose is limited, which may make it difficult to find employment in certain industries.
  • Harsh winters: Camrose experiences long and harsh winters, which may not be appealing to those who do not enjoy cold weather.
  • Limited nightlife: There are limited options for entertainment and nightlife in Camrose, which may not appeal to those who enjoy a vibrant nightlife scene.
  • Limited healthcare options: Although healthcare is affordable, there are limited options for medical treatment in Camrose, which may be an issue for those with more serious health issues.
  • Limited public transportation: Public transportation in Camrose is limited, which may make it difficult for those without a car to get around.

Chapter 7


Wetaskiwin, Alberta

Wetaskiwin is a city located in the central region of Alberta, Canada, and is situated about 70 kilometers south of Edmonton.

With a population of around 13,000 people, Wetaskiwin is a small but vibrant city known for its rich history, arts and culture, and recreational opportunities.

The name “Wetaskiwin” is derived from the Cree language, which means “hills of peace.” This name reflects the natural beauty of the area, with its rolling hills and peaceful surroundings.

Wetaskiwin has a rich history, and the city’s historical attractions reflect this.

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The Wetaskiwin and District Heritage Museum, for example, showcases the area’s history through interactive exhibits, photographs, and artifacts.

Aside from its historical attractions, Wetaskiwin is also known for its arts and culture scene.

The city hosts a number of cultural events throughout the year, including the annual Canada Day celebrations, the Wetaskiwin Arts and Music Festival, and the Manluk Theatre for the Performing Arts.

For outdoor enthusiasts, Wetaskiwin offers plenty of opportunities for recreation.

The city has several parks, including By-the-Lake Park, where visitors can enjoy a picnic, fishing, and swimming.

There are also several golf courses in the area, as well as hiking and biking trails.

Overall, Wetaskiwin is a great place to live for those looking for a peaceful and charming small-town atmosphere, with plenty of historical and cultural attractions, as well as outdoor recreational opportunities.

The Reynolds-Alberta Museum is another popular attraction, which features a large collection of vintage cars, airplanes, and other transportation artifacts.

Cost of living in Wetaskiwin, Alberta

Cost of renting a one, two, or three-room apartment: The cost of renting an apartment in Wetaskiwin varies depending on the size and location of the unit. As of 2022, a one-bedroom apartment can cost around $900 to $1,200 per month, while a two-bedroom apartment can cost between $1,200 to $1,600 per month.

Cost of buying a house: The cost of buying a house in Wetaskiwin is generally lower compared to larger cities like Edmonton or Calgary. As of 2022, the average cost of a house in Wetaskiwin is around $250,000 to $300,000.

Cost of groceries: The cost of groceries in Wetaskiwin is generally comparable to other cities in Alberta. A gallon of milk costs around $3.50, a loaf of bread costs around $2.50, and a dozen eggs cost around $3.50.

Cost of food: The cost of food in Wetaskiwin varies depending on the type of restaurant and menu items. Eating out at a mid-range restaurant can cost around $20 per person, while a fast food meal can cost around $10.

Cost of health care: Health care services in Wetaskiwin are provided by Alberta Health Services. Most medical services are covered by the Alberta Health Care Insurance Plan (AHCIP) for eligible residents.

Cost of transportation: The cost of transportation in Wetaskiwin is generally lower compared to larger cities like Edmonton or Calgary. Gas prices are around $1.40 per liter, while a monthly public transit pass costs around $60.

Cost of electricity: The cost of electricity in Wetaskiwin is similar to other cities in Alberta. The average monthly electricity bill for a 900 square feet apartment is around $80.

Cost of the internet: The cost of internet in Wetaskiwin varies depending on the provider and the internet plan. The average cost of a basic internet plan with unlimited data is around $50 per month.

Cost of entertainment: There are several parks and outdoor recreation areas in and around Wetaskiwin that are free to visit. Other forms of entertainment such as movies, concerts, and sporting events can cost around $20 to $50 per person.

Job opportunities: Wetaskiwin’s economy is primarily based on agriculture, oil and gas, and manufacturing. There are also job opportunities in health care, retail, and education.

Outdoor activities: Wetaskiwin is home to several parks and outdoor recreation areas such as By-the-Lake Park, Wetaskiwin Water Park, and Wetaskiwin Skate Park. The city is also near the Battle River and Maskwacis Creek, which offer opportunities for fishing, boating, and hiking.

Culture: Wetaskiwin is home to the Wetaskiwin and District Heritage Museum, which showcases the history of the city and the surrounding region. The city also hosts several cultural events throughout the year, such as the Canada Day celebrations, the Taste of Wetaskiwin, and the Wetaskiwin Arts and Music Festival.

Overall, Wetaskiwin is a relatively affordable place to live in Alberta, with a lower cost of living compared to larger cities. The city’s location near the Battle River and Maskwacis Creek provides opportunities for outdoor activities, while the Heritage Museum and cultural events offer opportunities to learn about the city’s history and culture.

Pros of living in Wetaskiwin:

  • Affordable cost of living: Wetaskiwin has a relatively low cost of living compared to larger cities in Alberta.
  • Outdoor recreation: The city has plenty of parks and lakes that offer opportunities for outdoor activities like boating, fishing, and hiking.
  • Cultural events: The city hosts a number of festivals and events throughout the year, including the Wetaskiwin Air Show and the Reynolds-Alberta Museum Show and Shine.
  • Employment opportunities: The city has a diverse economy with job opportunities in healthcare, manufacturing, and retail.
  • Historic sites: Wetaskiwin is home to several museums and historic sites, including the Wetaskiwin and District Heritage Museum and the Canadian Aviation Hall of Fame.

Cons of living in Wetaskiwin:

  • Limited public transportation: The city has limited public transportation options, which can make it difficult to get around without a car.
  • Limited entertainment options: While the city has several parks and recreational areas, there are limited entertainment options such as shopping centers or cinemas.
  • Limited healthcare options: While the city does have healthcare facilities, it may not have access to specialized medical services that larger cities offer.
  • Extreme weather conditions: Wetaskiwin experiences extreme weather conditions, including cold winters and hot summers, which can be challenging for some individuals.
  • Limited nightlife: The city has limited nightlife options, with few bars or nightclubs, which may not be appealing to those looking for a more vibrant social scene.

Chapter 8


Vegreville, Alberta

Vegreville is a small town located in central Alberta, Canada. Despite its small size, it has a lot to offer in terms of affordability, amenities, and job opportunities.

If you’re looking for a peaceful and quiet place to live in, then Vegreville might just be the perfect fit for you.

One of the main attractions of Vegreville is its low cost of living.

Housing, in particular, is very affordable, with the average rent for a one-bedroom apartment being around $800 per month.

For those looking for a larger space, two or three-bedroom apartments are also available at reasonable prices.

Cheapest places to live in Saskatchewan

The cost of buying a home is also relatively low, with a median home price of around $220,000.

When it comes to daily expenses, the cost of groceries and food is also affordable in Vegreville, with an average monthly cost of around $300.

Transportation costs are also relatively low, with many residents choosing to walk or bike around the town.

In terms of entertainment, Vegreville has a vibrant community that offers various cultural events and festivals throughout the year.

Healthcare services are also accessible and affordable, with a hospital and several clinics available in the town. Aside from its affordability, Vegreville also offers several job opportunities for its residents.

The town’s economy is based on agriculture, manufacturing, and retail, with many employment opportunities in these industries. The town is also home to several schools, making it a great place for families with children.

Overall, Vegreville is an excellent choice for those looking for an affordable and peaceful place to live in Alberta, Canada.

With its low cost of living, job opportunities, and charming community, it’s no wonder why more and more people are choosing to call this town their home.

Average cost of living in Vegreville, Alberta

As a small town in Alberta, Vegreville offers affordable living with a lower cost of living than larger cities. Here is an overview of the average costs in Vegreville:

  • Average rent for a one-bedroom apartment: $700-$800 CAD per month
  • Average rent for a 2 and 3-bedroom apartment: $900-$1200 CAD per month
  • Average cost of buying a home outrightly: $200,000-$300,000 CAD
  • Average monthly cost of food and groceries: $300-$400 CAD per month for a single person
  • Average monthly cost of transportation: $50-$100 CAD per month for gas and car insurance
  • Average monthly cost of internet: $60-$100 CAD per month
  • Average monthly cost of electricity: $80-$120 CAD per month
  • Average monthly cost of health care: covered by the Alberta Health Care Insurance Plan (AHCIP)
  • Average monthly cost of entertainment: varies, but there are several affordable options in Vegreville such as local community events and outdoor activities.

Keep in mind that these are just average costs and may vary depending on individual circumstances. Overall, Vegreville is an affordable option for those looking for a more budget-friendly place to live in Alberta.

Pros:

  1. Affordability: Vegreville is an affordable place to live in Alberta, Canada. The cost of living, including housing, food, transportation, and entertainment, is relatively lower than in other cities.
  2. Community Spirit: Vegreville is a friendly and welcoming community. There are numerous community events and festivals throughout the year, such as the annual Pysanka Festival, which celebrates Ukrainian culture.
  3. Natural Beauty: Vegreville is surrounded by picturesque countryside, with scenic trails and parks for outdoor recreation.
  4. Job Opportunities: Vegreville has a diverse range of job opportunities in various sectors such as agriculture, manufacturing, and healthcare.

Cons:

  1. Limited Amenities: Vegreville is a small town with limited amenities. Residents may need to travel to nearby cities for specialized services.
  2. Extreme Weather Conditions: The weather in Vegreville can be extreme, with long, cold winters and hot, humid summers.
  3. Limited Nightlife: Vegreville has a limited nightlife scene, with few options for dining and entertainment.
  4. Distance from Major Cities: Vegreville is located approximately 100 km east of Edmonton, which can make it challenging for residents to access amenities and services found in larger cities.

Chapter 9


Final Thought

As we come to the end of this article, it’s evident that Alberta, Canada, has a lot to offer for those seeking affordable living options.

I have highlighted seven of the cheapest places to live in Alberta, but this is by no means an exhaustive list.

When it comes to choosing a place to live, several factors come into play, including the cost of living, job opportunities, access to amenities, and quality of life.

It’s important to note that the cost of living can vary significantly from one city to another within Alberta, and it’s essential to consider all factors before making a decision.

Final-Thought-4

Moreover, it’s always advisable to plan and budget for your cost of living to ensure that you don’t end up in financial distress.

However, finding affordable living options shouldn’t mean that you have to compromise on the quality of life. It’s still possible to enjoy a good life and save money while living in Alberta.

In conclusion, the choice of where to live in Alberta is personal and depends on your unique needs and preferences.

Take your time, do your research, and consider all factors before making a decision. Remember, where you live can significantly impact your quality of life, and it’s essential to make the right choice.

So, whether you choose to live in the bustling city of Edmonton, the serene town of Vegreville, or any other place in Alberta, Canada, make sure it’s a decision that fits your lifestyle and budget.

Here is a post related to the Cheapest places to live in Alberta that I think you should read:

FAQ

What are the cheapest places to live in Canada?
The cheapest places to live in Canada include cities like Windsor, Quebec City, Saskatoon, and Moncton.

What factors make a place cheap to live in?
Factors that make a place cheap to live in include affordable housing, low cost of food and groceries, inexpensive public transportation, and low healthcare costs.

What is the average cost of living in Canada?
The average cost of living in Canada varies depending on the city or province. However, the cost of living index in Canada is 67.63, which is considered moderate.

How much does it cost to rent an apartment in Canada?
The cost of renting an apartment in Canada varies depending on the city or province. The average cost of renting a one-bedroom apartment in Canada is around $1,200 per month.

How much do groceries cost in Canada?
The cost of groceries in Canada varies depending on the region, but on average, a family of four spends around $800 per month on groceries.

What is the minimum wage in Canada?
The minimum wage in Canada varies depending on the province. In Ontario, for example, the minimum wage is $14.35 per hour.

Are there any government programs to help with the cost of living in Canada?
Yes, there are several government programs in Canada that help with the cost of living, including the Canada Child Benefit, the Old Age Security program, and the Guaranteed Income Supplement.

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My name is Oluwakemi (SavvyFinance). I believe that financial education is crucial, but becoming financially better off requires access to informative resources that provide you with the necessary information to your personal financial freedom, and a great level of motivation on your path as an individual.

Personal finance should be treated seriously, but that doesn’t mean it has to be hard, which is the reason I started FinanceGlide.com

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