Penhold, Alberta Cost Of Living

A+

8%

Overall NAT. AVG.

4%

Groceries NAT. AVG.

38%

Housing NAT. AVG.

Search Homes for Sale

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	Penhold	Alberta	National
Cost of living	92	97	100
Groceries	104	102	100
Health care	105	101	100
Housing	62	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 Penhold is 5% lower than the Alberta average
The cost of living in Penhold is 8% lower than the national average
Penhold housing is 38% lower 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

Most Affordable Places to Live in and Around Penhold

See all the best places to live around Penhold

Compare Penhold, AB Cost of Living

Write a review to give others more information about this area.

Write a review to give others more information about this area.

See all Penhold poll results

Salary Calculator

This is how much you would need to earn in

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.
Red Deer, AB	107,873	90	9.6%
Red Deer County, AB	21,767	91	9.4%
Jarvis Bay, AB	209	91	8.6%
Norglenwold, AB	299	91	9.1%
Bowden, AB	1,214	92	8.4%
Penhold, AB	3,849	92	8.2%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Collinsville, CT	3,849	n/a
San Andreas, CA	3,850	n/a
Shingle Springs, CA	3,847	n/a
North Yelm, WA	3,847	n/a
Emmetsburg, IA	3,851	n/a
Penhold, AB	3,849	92	8.2%

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