Cost of Living in Edmonton (2025) - Rent, Homes & Daily Expenses

If you’re thinking about moving to Edmonton, you’re probably wondering: How much does it really cost to live here? Good news—Edmonton remains one of Canada’s most affordable major cities, offering a great mix of urban living and reasonable expenses. Whether you're renting, buying a home, or just budgeting for daily life, here’s the latest breakdown.  

Edmonton Cost of Living 2025: Housing & Rent Prices

Edmonton’s real estate market remains stable, with prices much lower than in bigger cities like Toronto or Vancouver.

Average Home Prices 

Most affordable neighbourhoods: Mill Woods, Castle Downs, Beverly

High-demand areas: Windermere, Glenora, Terwillegar

Renting in Edmonton

1-bedroom apartment (downtown): $1,300 – $1,700/month

1-bedroom (suburbs): $1,000 – $1,400/month

3-bedroom house: $1,800 – $2,500/month

Tip: Rent prices have risen slightly since 2024, but Edmonton is still 30–40% cheaper than Vancouver or Toronto.

Cost of Utilities in Edmonton

Expect these average costs for a 1,200 sq. ft. home:

Electricity & Heating: $160 – $280/month (winter peaks can hit $350)

Water & Waste: $80 – $130/month

Internet (fibre/cable): $70 – $110/month

Home Insurance: $90 – $160/month

Tip: Alberta’s energy rebates (like the Affordability Payments) can help offset costs—check eligibility!

Groceries & Everyday Costs

Food prices have stabilized since the inflation spikes of 2023–24. Here’s what you’ll pay:

Eating Out

Fast food meal: $10 – $15

Mid-range restaurant: $18 – $35 per person

Coffee (latte): $4.50 – $6

Transportation - Driving vs. Transit

If You Drive

Gasoline (June 2025): ~$1.45 – $1.75/L (still cheaper than BC & Ontario!)

Car insurance: $100 – $220/month (Alberta has private insurance, so shop around)

If You Use Transit

Adult monthly pass: $105

Single fare: $3.80

Tip: Edmonton’s Valley Line LRT expansion (opening late 2025) will improve transit access!

Taxes - The Alberta Advantage

No provincial sales tax (PST)—just 5% GST

Lower income tax vs. most provinces

Property tax rate: ~0.9% of assessed value (*about $3,600/year on a $400,000 home*)

Final Verdict - Is Edmonton Affordable in 2025?

Yes! While costs have risen slightly since 2024, Edmonton remains one of Canada’s most budget-friendly cities for:
✔ Homebuyers (cheaper than Calgary, Toronto, Vancouver)
✔ Renters (lower prices than major metros)
✔ Families (good wages + lower daycare costs)

Thinking of Moving?

Check out TheHOMESS.com for the latest Edmonton real estate listings, neighbourhood guides, and expert tips!

FAQs

• Q: Is Edmonton cheaper than Calgary?
  A: Yes, by about 5–10%—housing, utilities, and insurance tend to be lower.
• Q: What salary do you need to live comfortably in Edmonton?
  A: Single person: $50,000+, Couple: $75,000+, Family of 4: $90,000+
• Q: Are groceries expensive in Edmonton?
  A: No, Edmonton grocery prices match the national average and are 5-15% cheaper than in BC or Ontario, with great deals at local markets.