Cost of living in Banff

In Banff, Canada, a single person typically needs around $1914 per month including rent. A family of four may spend about $5848 monthly.

How expensive is Banff compared to other cities?

Compared to the European benchmark, Banff is 34% more expensive overall.

How does Banff compare to your city?

Banff is 35% cheaper than New York City, without rent.

Rent in Banff is, on average, 62% lower than in New York City.

What drives the cost of living in Banff?

Who is Banff a good fit for?

Banff tends to fit higher-income residents who can comfortably absorb housing costs. It can be challenging on a moderate budget, mainly due to rent and utilities.

FAQ

Why is Banff so expensive?

The high cost of living in Banff is primarily driven by elevated rent and utilities. This can significantly impact overall monthly expenses.

Is food expensive in Banff?

Yes, food costs in Banff are 51% higher than the European benchmark, making dining out and grocery shopping more costly.

Is public transport affordable in Banff?

Public transport is 8% higher than the European benchmark, which may affect daily commuting costs for residents.

Cost of living breakdown

Cost of Living, one person, including rent
1914 $
Without Rent
929 $
Rent & Utilities
985 $
Food
718 $
Transport
81 $
Monthly Salary, after tax
2097 $
GDP per Capita
53,372 $
Freedom Index
8.55
Lifespan
81 years
Speak English
82%
Population
8.3K

Do you live in Banff? Help us.

Update Prices

Restaurants

Lunch menu, inexpensive restaurant 23.8 $
Dinner 73.6 $
Fast food, McDonalds or KFC 8.84 $
Beer, 0.5 L or 16 fl oz 7.34 $
Capuccino 4.89 $
Coke, 330ml 2.33 $

Compare Banff with:

Markets

Milk, 1 L or 1 qt 1.9 $
Bread, 0.5 kg or 1 lb 2.17 $
Rice, 1 kg or 2 lb 5.85 $
Eggs, 12 pack 3.51 $
Cheese, 1 kg or 2 lb 12.6 $
Chicken Breast, 1 kg or 2 lb 15.7 $
Round Steak, 1 kg or 2 lb 30.9 $
Apples, 1 kg or 2 lb 3.68 $
Banana, 1 kg or 2 lb 1.68 $
Oranges, 1 kg or 2 lb 5.22 $
Tomato, 1 kg or 2 lb 6.25 $
Potato, 1 kg or 2.2 lb 4.25 $
Onion, 1 kg or 2.2 lb 3.58 $
Water, 1 L or 1 qt 1.96 $
Coca-Cola / Pepsi, 2 L or 67.6 fl oz 2.43 $
Wine, 750 mL bottle 18.5 $
Beer, 0.5 L or 16 fl oz 3.67 $
Cigarette pack 14.8 $

Transportation

One-way Ticket 1.49 $
Monthly Pass 69.9 $
Gas or Petrol, 1l or 0.26 gal 1.04 $
Taxi, 8 km 32.2 $

Personal Care

Doctor Visit, private clinic 65.3 $
Cold medicine, for 1 week 8.39 $
Hair Shampoo, 400 ml or 12 oz. 5.48 $
Toilet paper, 4 rolls 2.85 $
Toothpaste, 1 tube 2.23 $

Utilities per Month

1 person, electricity, heating, water & garbage 125 $
Family of 4, electricity, heating, water & garbage 192 $
Internet plan, +60 Mbps 71.1 $

Rent per Month

1 Bedroom Apartment, outside of center, 40 sq.m 802 $
3 Bedroom Apartment, outside of center, 85 sq.m 3,091 $
1 Bedroom Apartment, in city center, 40 sq.m 733 $
3 Bedroom Apartment, in city center, 85 sq.m 1,340 $

Buy Apartment Price

Price per Square Meter to Buy Apartment, in city center 3,632 $
Price per Square Meter to Buy House, in suburbs 3,213 $

Salaries and Financing

Average Monthly Net Salary, after tax 2,097 $
Mortgage Interest Rate, for 20 years fixed-rate 6.78%

Sports and Leisure

Fitness Club, Monthly Fee for 1 Adult 77.1 $
Cinema, 1 seat 8.87 $
Haircut 21.2 $

Clothing and Shoes

Brand Sneakers, mid-range, Nike or similar 104 $
Brand Jeans, Levis 501 40.5 $

Childcare

Preschool, full day, monthly for 1 child 874 $
International Primary School, yearly for 1 child 15,480 $

Compare Banff with other top cities

Cayman Islands
Banff vs George Town (George Town is 90% more expensive)
Bahamas
Banff vs Nassau (Nassau is 44% more expensive) Banff vs Freeport (Freeport is 15% more expensive)
Vanuatu
Banff vs Port Vila (Port Vila is 23% more expensive) Banff vs Luganville (Luganville is 60% more expensive)
United States
Banff vs New York City (New York City is 112% more expensive) Banff vs Los Angeles (Los Angeles is 67% more expensive) Banff vs Chicago (Chicago is 39% more expensive) Banff vs Houston (Houston is 17% more expensive) Banff vs Phoenix (Phoenix is 24% more expensive) Banff vs Philadelphia (Philadelphia is 33% more expensive) Banff vs San Antonio (San Antonio is 15% more expensive) Banff vs San Diego (San Diego is 75% more expensive) Banff vs Dallas (Dallas is 33% more expensive) Banff vs San Jose (San Jose is 92% more expensive)
Canada
Banff vs Toronto (Toronto is 35% more expensive) Banff vs Montreal (Montreal is 2% more expensive) Banff vs Calgary (Calgary is 12% more expensive) Banff vs Ottawa (Ottawa is 17% more expensive) Banff vs Edmonton (Edmonton is 7% less expensive) Banff vs Winnipeg (Winnipeg is 8% less expensive) Banff vs Mississauga (Mississauga is 29% more expensive) Banff vs Vancouver (Vancouver is 38% more expensive) Banff vs Brampton (Brampton is 11% more expensive) Banff vs Hamilton (Hamilton is 13% more expensive)
Barbados
Banff vs Bridgetown (Bridgetown is 29% less expensive) Banff vs Holetown (Holetown is 27% less expensive)
Panama
Banff vs Panama City (Panama City is 28% less expensive) Banff vs Colon (Colon is 38% less expensive) Banff vs Tocumen (Tocumen is 36% less expensive) Banff vs Santiago de Veraguas (Santiago de Veraguas is 45% less expensive) Banff vs David (David is 56% less expensive) Banff vs La Chorrera (La Chorrera is 50% less expensive) Banff vs Balboa (Balboa is 35% less expensive) Banff vs Pacora (Pacora is 35% less expensive) Banff vs Chitre (Chitre is 43% less expensive) Banff vs Penonome (Penonome is 43% less expensive)
Saint Kitts And Nevis
Banff vs Basseterre (Basseterre is 35% less expensive) Banff vs Cayon (Cayon is 35% less expensive)
Cuba
Banff vs Havana (Havana is 46% less expensive) Banff vs Santiago de Cuba (Santiago de Cuba is 26% less expensive) Banff vs Holguin (Holguin is 33% less expensive) Banff vs Camaguey (Camaguey is 20% less expensive) Banff vs Santa Clara (Santa Clara is 45% less expensive) Banff vs Bayamo (Bayamo is 39% less expensive) Banff vs Guantanamo (Guantanamo is 19% less expensive) Banff vs Las Tunas (Las Tunas is 19% less expensive) Banff vs Pinar del Rio (Pinar del Rio is 43% less expensive) Banff vs Cienfuegos (Cienfuegos is 54% less expensive)
Costa Rica
Banff vs San Jose (San Jose is 35% less expensive) Banff vs Limon (Limon is 37% less expensive) Banff vs Liberia (Liberia is 53% less expensive) Banff vs Alajuela (Alajuela is 36% less expensive) Banff vs Puntarenas (Puntarenas is 33% less expensive) Banff vs Cartago (Cartago is 50% less expensive) Banff vs Heredia (Heredia is 35% less expensive) Banff vs Tamarindo (Tamarindo is 12% less expensive) Banff vs Santa Teresa (Santa Teresa is 32% less expensive)
Saint Lucia
Banff vs Castries (Castries is 39% less expensive) Banff vs Vieux Fort (Vieux Fort is 38% less expensive)
Jamaica
Banff vs Kingston (Kingston is 31% less expensive) Banff vs Spanish Town (Spanish Town is 59% less expensive) Banff vs Montego Bay (Montego Bay is 47% less expensive) Banff vs Half Way Tree (Half Way Tree is 39% less expensive) Banff vs May Pen (May Pen is 57% less expensive) Banff vs Mandeville (Mandeville is 49% less expensive) Banff vs Old Harbour (Old Harbour is 56% less expensive) Banff vs Linstead (Linstead is 45% less expensive) Banff vs Savanna-la-Mar (Savanna-la-Mar is 41% less expensive) Banff vs Port Antonio (Port Antonio is 40% less expensive)
El Salvador
Banff vs San Salvador (San Salvador is 38% less expensive) Banff vs Santa Ana (Santa Ana is 63% less expensive) Banff vs Soyapango (Soyapango is 39% less expensive) Banff vs San Miguel (San Miguel is 44% less expensive) Banff vs Mejicanos (Mejicanos is 39% less expensive) Banff vs Apopa (Apopa is 40% less expensive) Banff vs Santa Tecla (Santa Tecla is 37% less expensive) Banff vs Ahuachapan (Ahuachapan is 24% less expensive) Banff vs Usulutan (Usulutan is 43% less expensive) Banff vs Sonsonate (Sonsonate is 54% less expensive)
Antigua And Barbuda
Banff vs St. John's (St. John's is 43% less expensive) Banff vs All Saints (All Saints is 44% less expensive)
Grenada
Banff vs St. George's (St. George's is 44% less expensive) Banff vs Grenville (Grenville is 45% less expensive)
Dominica
Banff vs Roseau (Roseau is 48% less expensive) Banff vs Portsmouth (Portsmouth is 41% less expensive)
Saint Vincent
Banff vs Kingstown (Kingstown is 49% less expensive) Banff vs Georgetown (Georgetown is 48% less expensive)
Belize
Banff vs Belize City (Belize City is 54% less expensive) Banff vs San Ignacio (San Ignacio is 43% less expensive) Banff vs Belmopan (Belmopan is 62% less expensive) Banff vs San Pedro Town (San Pedro Town is 30% less expensive) Banff vs Caye Caulker (Caye Caulker is 18% less expensive)
Guatemala
Banff vs Guatemala City (Guatemala City is 47% less expensive) Banff vs Mixco (Mixco is 67% less expensive) Banff vs Coban (Coban is 52% less expensive) Banff vs Quetzaltenango (Quetzaltenango is 59% less expensive) Banff vs Jalapa (Jalapa is 53% less expensive) Banff vs San Miguel Petapa (San Miguel Petapa is 53% less expensive) Banff vs Momostenango (Momostenango is 54% less expensive) Banff vs Mazatenango (Mazatenango is 55% less expensive) Banff vs Flores (Flores is 55% less expensive) Banff vs Panajachel (Panajachel is 59% less expensive)
Honduras
Banff vs Tegucigalpa (Tegucigalpa is 57% less expensive) Banff vs San Pedro Sula (San Pedro Sula is 46% less expensive) Banff vs Choloma (Choloma is 69% less expensive) Banff vs La Ceiba (La Ceiba is 66% less expensive) Banff vs El Progreso (El Progreso is 54% less expensive) Banff vs Villanueva (Villanueva is 55% less expensive) Banff vs Comayagua (Comayagua is 63% less expensive) Banff vs Puerto Cortes (Puerto Cortes is 62% less expensive) Banff vs Yoro (Yoro is 62% less expensive) Banff vs La Lima (La Lima is 55% less expensive)
Dominican Republic
Banff vs Santiago de los Caballeros (Santiago de los Caballeros is 59% less expensive) Banff vs Santo Domingo (Santo Domingo is 45% less expensive) Banff vs Puerto Plata (Puerto Plata is 60% less expensive) Banff vs Higuey (Higuey is 60% less expensive) Banff vs La Vega (La Vega is 70% less expensive) Banff vs San Cristobal (San Cristobal is 57% less expensive) Banff vs San Pedro de Macoris (San Pedro de Macoris is 62% less expensive) Banff vs San Francisco de Macoris (San Francisco de Macoris is 72% less expensive) Banff vs San Juan de la Maguana (San Juan de la Maguana is 67% less expensive) Banff vs Bonao (Bonao is 72% less expensive)
Nicaragua
Banff vs Managua (Managua is 60% less expensive) Banff vs Leon (Leon is 67% less expensive) Banff vs Masaya (Masaya is 63% less expensive) Banff vs Matagalpa (Matagalpa is 71% less expensive) Banff vs Chinandega (Chinandega is 67% less expensive) Banff vs Esteli (Esteli is 69% less expensive) Banff vs Granada (Granada is 64% less expensive) Banff vs Jinotega (Jinotega is 76% less expensive) Banff vs Juigalpa (Juigalpa is 65% less expensive) Banff vs San Juan del Sur (San Juan del Sur is 54% less expensive)