Consumer Prices in Edmonton Lower than Calgary, Utilities Higher
Edmonton's Cost of Living Compared to Calgary and Toronto
Rent Excluded from Consumer Price Index Calculation
According to the latest data from Statistics Canada, consumer prices in Edmonton are 103 lower than in Calgary, excluding shelter costs. However, Edmonton's utility costs (water, electricity, and gas) are higher than in both Calgary and Toronto.
Overall Cost of Living Comparison
When taking into account both consumer prices and utilities, the overall cost of living in Calgary is approximately 12% higher than in Edmonton. This difference is primarily driven by the higher housing costs in Calgary. Rent and mortgage payments make up a significant portion of household expenses, and the cost of housing in Calgary is considerably higher than in Edmonton.
Implications for Consumers
The difference in consumer prices and utilities between Edmonton and Calgary can have significant implications for consumers. For example, if you're planning to move from Edmonton to Calgary, you should factor in the higher cost of utilities. Additionally, if you own a home in Calgary, your monthly housing costs are likely to be higher than if you owned a home in Edmonton. This difference can impact your disposable income and overall affordability.
Tips for Saving Money
There are several strategies you can use to save money on your utility bills in Edmonton. Consider the following tips:
- Compare energy providers and switch to a cheaper plan.
- Install energy-efficient appliances and lighting.
- Unplug electronic devices when not in use.
- Weatherize your home to reduce heat loss.
- Take shorter showers and use cold water for laundry.
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