Banff, Alberta Cost Of Living

F

30%

Overall NAT. AVG.

4%

Groceries NAT. AVG.

88%

Housing NAT. AVG.

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Date & Last Updated: This data reflects 2025 and was released from Statistics Canada.

The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index	Banff	Alberta	National
Cost of living	130	97	100
Groceries	104	102	100
Health care	105	101	100
Housing	188	78	100
Transportation	96	96	100
Utilities	113	122	100
Lifestyle & Entertainment	n/a	n/a	n/a
Household Items	n/a	n/a	n/a
Education & Childcare	n/a	n/a	n/a

Cost Of Living Quick Facts

The cost of living in Banff is 33% higher than the Alberta average
The cost of living in Banff is 30% higher than the national average
Banff housing is 88% higher than the national average
Alberta general sales tax is 100% lower than the national average
Alberta state income tax is 19% higher than the national average

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Price difference in compared to

Cost of living index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
Lifestyle index
Household index
Educare index

Alberta Sales Tax

State	General Sales Tax	With Max Surtax
Alberta	0%	5%

Alberta Income Tax

State	Income Tax (Low)	Income Tax (High)
Alberta	10%	15%

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Canmore, AB	15,222	123	22.8%
Banff, AB	8,380	130	29.6%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
St. Martin, MS	8,380	n/a
Oak Brook, IL	8,377	n/a
Croton-on-Hudson, NY	8,383	n/a
Hillsdale, MI	8,376	n/a
Summit Park, UT	8,374	n/a
Banff, AB	8,380	130	29.6%

Date & Last Updated: This data reflects 2020 and was released from Statistics Canada.