If you want to move to a better place without breaking the bank, here are the ten most affordable places to reside in Alberta this 2023
Whether you’re working with a relocation realtor to find a new home or apartment, moving to another place can be incredibly rewarding for many people. It allows you to enjoy new experiences and meet new people.
However, relocating to your new favourite place can be difficult without sufficient financial resources. For this reason, you should consider moving to Alberta. Besides its stunning scenery, this Canadian province is best known for its low cost of living and affordable real estate.
If you want to move to a better place without breaking the bank, here are the ten most affordable places to reside in Alberta this 2023.
Lloydminster houses 20,204 residents. It has a vibrant entrepreneurial community and an economy based on oil and agriculture. Although the cost of living here is 15% higher than the national average, the housing is relatively affordable, with a one-bedroom apartment costing around $795 monthly.
High River, Alberta, has a population of 14,220 and is known for its events, murals, and walking tours. The cost of living is 14% lower than the national average. While renting a one-bedroom apartment is affordable at an average of $850, buying a house costs an average of $640,633.
Sylvan Lake is a famous tourist destination in Alberta with a population of 16,354, best known for its rich history, unique shops, and heritage buildings. Rent prices for a two-bedroom apartment are one of the lowest at $984, while the average cost of buying a house is $448,906. The cost of living is 12% lower than the national average.
Stony Plain is a small town in Alberta with a population of 17,993, famous for its painted murals. It’s also an ideal place for people looking for cheaper housing options because the cost of living is 12% lower than the national average. Moreover, the average cost of renting a one-bedroom apartment is only over $1,000, while the average cost of buying a house is $282,000.
Camrose is a small, charming city in Central Alberta with over 19,000 people, best known for the abundance of roses in its parks. It also has a good transportation infrastructure, a business climate, and various housing options. Moreover, it’s affordable to live in because the cost of living is 14% lower than the national average.
Alberta’s Grand Prairie has an average rent of $1,010 for a one-bedroom apartment and an average cost of buying a house at $440,632. The city houses 67,627 people and is also known as the “Swan City” because of its proximity to swan habitats. Moreover, the cost of living is $1,632 monthly without rent.
Red Deer is a mid-sized town with a population of over 100,000 for its railways, museum, and recreation centre. Key industries include oil, construction, hospitality, education, and healthcare. The rent for a one-bedroom apartment is $1,067, and the cost of living is $1,128 monthly for a single person without rent.
Medicine Hat is a southeast Albertan city housing over 65,000 people, best known for being Canada’s sunniest place and for its natural gas fields. A house usually costs $388,595, and the average rent for a one-bedroom apartment is $1,105.
Lethbridge is a city in southern Alberta housing 104,524 people, best known as a centre for commercial, transportation, financial, and industrial sectors. Besides its warm climate, it’s one of Canada’s cheapest places to live.
Cold Lake is an affordable city in northeastern Alberta best known for its deep lake and historical museums. The cost of living here is 13% lower than the national average.
Everybody deserves to live a good life, even with limited financial resources. You can maximize your new place by consulting a relocation realtor and finding affordable options.
If you’re looking for a professional relocation realtor in Alberta, call Chris Strong! With many years of experience, he’s your go-to person to help you find an affordable property. Call him now!
To make the most out of your relocation and find cost-effective options, consider consulting a relocation realtor.