Is $48,000 a good salary in Banff, Alberta?

Is $48,000 a good salary in Banff, Alberta?

$48,000 is $3,000 less than the average yearly salary of $51,000 in Banff. A salary of $48,000 per year means that you would be taking home about $38,124 per year after taxes, or $3,177 per month to pay for things like housing, transportation, groceries, and entertainment. The average household income in Banff is $103,800.

Banff, Alberta
Updated: November 1, 2024

Average Cost of Living per Month in Banff

The average cost of living in Banff is $3,744/month for a single person who rents.This average is based on many factors including the cost of housing, transportation, groceries, and entertainment.
Average cost of living
$3,744/month
Monthly net income of $48,000/year
$3,177/month
Average total income in 2020
$51,000
Average total household income in 2020
$103,800

Average Salary in Banff

The average salary in Banff is $51,000, which is 6.3% lower than the Canadian average salary of $54,450. A person making $48,000 a year in Banff makes 5.9% less than the average working person in Banff and will take home about $38,124.
Net Annual Pay:
$38,124
Income tax breakdown
Hourly Salary:
$24.62
Salary breakdown

Cost of Living Calculator

Below are the details used to generate the average Cost of Living for Banff. Change the inputs to match your lifestyle and see how it compares to the average cost of living and a salary of $48,000.
Renter
Homeowner
Housing

Housing

The average monthly cost of rental housing in Banff is $1,579.
Transit
Driver
Transportation

Transportation

The average monthly cost for a driver in Banff is $608.
Groceries

Groceries

The average person spends $568 on groceries per month in Banff.
Utilities

Utilities

The average monthly cost of utilities in Banff is $217.
Leisure & Entertainment

Leisure & Entertainment

The average person in Banff spends $223 on leisure & entertainment per month.
Clothing

Clothing

The average person in Banff spends $40 on clothing per month.
Restaurants

Restaurants

The average person in Banff spends $359 on restaurants per month.
Other

Other

The average person in Banff spends $150 on miscellaneous goods and services per month.
General Disclaimer: This tool is designed for approximation purposes only and should not be used to replace a legal or accounting authority. To simplify the process, some variables are assumed to calculate the numbers included on this page. The results of this calculator should not be relied upon to determine career or tax decisions.

Your Results

Disclaimer: These numbers estimate what it costs to live in Banff based on Numbeo data. People can live in the city for much less, while others may need much more to fund their lifestyle.
Your cost of living
$3,744/month
Monthly net income of $48,000/year
$3,177/month

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Most affordable cities in Alberta

1. Canmore, Alberta
Avg. Salary $72,800
Avg. Monthly Net pay $4,531
Avg. Cost of Living $3,624
Affordability Index
125.02%
2. Cochrane, Alberta
Avg. Salary $66,800
Avg. Monthly Net pay $4,207
Avg. Cost of Living $3,418
Affordability Index
123.09%
3. St. Albert, Alberta
Avg. Salary $68,800
Avg. Monthly Net pay $4,299
Avg. Cost of Living $3,556
Affordability Index
120.89%
4. Okotoks, Alberta
Avg. Salary $64,400
Avg. Monthly Net pay $4,080
Avg. Cost of Living $3,407
Affordability Index
119.76%
5. Cold Lake, Alberta
Avg. Salary $65,100
Avg. Monthly Net pay $4,117
Avg. Cost of Living $3,440
Affordability Index
119.69%
6. Edmonton, Alberta
Avg. Salary $56,800
Avg. Monthly Net pay $3,680
Avg. Cost of Living $3,141
Affordability Index
117.16%
7. Medicine Hat, Alberta
Avg. Salary $52,250
Avg. Monthly Net pay $3,422
Avg. Cost of Living $2,956
Affordability Index
115.76%
8. Red Deer, Alberta
Avg. Salary $55,250
Avg. Monthly Net pay $3,595
Avg. Cost of Living $3,157
Affordability Index
113.87%
9. Hinton, Alberta
Avg. Salary $60,600
Avg. Monthly Net pay $3,881
Avg. Cost of Living $3,427
Affordability Index
113.23%
10. Lethbridge, Alberta
Avg. Salary $52,500
Avg. Monthly Net pay $3,436
Avg. Cost of Living $3,086
Affordability Index
111.35%
11. Athabasca, Alberta
Avg. Salary $60,500
Avg. Monthly Net pay $3,875
Avg. Cost of Living $3,515
Affordability Index
110.25%
12. Whitecourt, Alberta
Avg. Salary $60,250
Avg. Monthly Net pay $3,862
Avg. Cost of Living $3,504
Affordability Index
110.22%
13. Slave Lake, Alberta
Avg. Salary $59,750
Avg. Monthly Net pay $3,836
Avg. Cost of Living $3,491
Affordability Index
109.87%
14. Calgary, Alberta
Avg. Salary $64,600
Avg. Monthly Net pay $4,091
Avg. Cost of Living $3,740
Affordability Index
109.38%
15. Spruce Grove, Alberta
Avg. Salary $60,950
Avg. Monthly Net pay $3,899
Avg. Cost of Living $3,589
Affordability Index
108.64%
16. High Level, Alberta
Avg. Salary $59,900
Avg. Monthly Net pay $3,844
Avg. Cost of Living $3,570
Affordability Index
107.66%
17. Airdrie, Alberta
Avg. Salary $61,150
Avg. Monthly Net pay $3,910
Avg. Cost of Living $3,665
Affordability Index
106.67%
18. Fort Saskatchewan, Alberta
Avg. Salary $66,400
Avg. Monthly Net pay $4,186
Avg. Cost of Living $3,976
Affordability Index
105.28%
19. Peace River, Alberta
Avg. Salary $60,850
Avg. Monthly Net pay $3,894
Avg. Cost of Living $3,720
Affordability Index
104.67%
20. Grande Prairie, Alberta
Avg. Salary $59,650
Avg. Monthly Net pay $3,830
Avg. Cost of Living $3,762
Affordability Index
101.82%
21. Strathmore, Alberta
Avg. Salary $54,950
Avg. Monthly Net pay $3,578
Avg. Cost of Living $3,515
Affordability Index
101.78%
22. Beaverlodge, Alberta
Avg. Salary $55,250
Avg. Monthly Net pay $3,595
Avg. Cost of Living $3,558
Affordability Index
101.04%
23. Bonnyville, Alberta
Avg. Salary $53,900
Avg. Monthly Net pay $3,517
Avg. Cost of Living $3,515
Affordability Index
100.06%
24. Saint Paul, Alberta
Avg. Salary $53,650
Avg. Monthly Net pay $3,503
Avg. Cost of Living $3,570
Affordability Index
98.11%
25. Drayton Valley, Alberta
Avg. Salary $54,600
Avg. Monthly Net pay $3,557
Avg. Cost of Living $3,654
Affordability Index
97.36%
26. Lacombe, Alberta
Avg. Salary $52,700
Avg. Monthly Net pay $3,448
Avg. Cost of Living $3,579
Affordability Index
96.34%
27. Camrose, Alberta
Avg. Salary $51,750
Avg. Monthly Net pay $3,393
Avg. Cost of Living $3,632
Affordability Index
93.42%
28. Drumheller, Alberta
Avg. Salary $52,050
Avg. Monthly Net pay $3,410
Avg. Cost of Living $3,654
Affordability Index
93.33%
29. Barrhead, Alberta
Avg. Salary $49,080
Avg. Monthly Net pay $3,239
Avg. Cost of Living $3,515
Affordability Index
92.15%
30. Vegreville, Alberta
Avg. Salary $48,920
Avg. Monthly Net pay $3,230
Avg. Cost of Living $3,515
Affordability Index
91.89%
31. Pincher Creek, Alberta
Avg. Salary $50,640
Avg. Monthly Net pay $3,329
Avg. Cost of Living $3,627
Affordability Index
91.79%
32. Brooks, Alberta
Avg. Salary $50,680
Avg. Monthly Net pay $3,331
Avg. Cost of Living $3,654
Affordability Index
91.17%
33. Sundre, Alberta
Avg. Salary $50,440
Avg. Monthly Net pay $3,318
Avg. Cost of Living $3,660
Affordability Index
90.65%
34. Stettler, Alberta
Avg. Salary $49,960
Avg. Monthly Net pay $3,290
Avg. Cost of Living $3,654
Affordability Index
90.04%
35. Banff, Alberta
Avg. Salary $51,000
Avg. Monthly Net pay $3,350
Avg. Cost of Living $3,744
Affordability Index
89.47%
36. Three Hills, Alberta
Avg. Salary $45,960
Avg. Monthly Net pay $3,059
Avg. Cost of Living $3,660
Affordability Index
83.59%
The Affordability Index is based on a single, non-homeowner, who owns a car.
CareerBeacon obtains its data from 3rd party services and cannot verify its accuracy. The information contained on this page is intended to be used for informational purposes only and should not be used to replace legal authority. The information contained in the demographic reports should not be relied upon for determining career and/or relocation decisions.
Rank City Avg. Salary Avg. Monthly Net pay Avg. Cost of Living Affordability Index
01
1
 Canmore, Alberta $72,800 $4,531 $3,624
12501
125.02%
02
2
 Cochrane, Alberta $66,800 $4,207 $3,418
12309
123.09%
03
3
 St. Albert, Alberta $68,800 $4,299 $3,556
12089
120.89%
04
4
 Okotoks, Alberta $64,400 $4,080 $3,407
11975
119.76%
05
5
 Cold Lake, Alberta $65,100 $4,117 $3,440
11968
119.69%
06
6
 Edmonton, Alberta $56,800 $3,680 $3,141
11715
117.16%
07
7
 Medicine Hat, Alberta $52,250 $3,422 $2,956
11576
115.76%
08
8
 Red Deer, Alberta $55,250 $3,595 $3,157
11387
113.87%
09
9
 Hinton, Alberta $60,600 $3,881 $3,427
11323
113.23%
10
10
 Lethbridge, Alberta $52,500 $3,436 $3,086
11135
111.35%
11
11
 Athabasca, Alberta $60,500 $3,875 $3,515
11024
110.25%
12
12
 Whitecourt, Alberta $60,250 $3,862 $3,504
11021
110.22%
13
13
 Slave Lake, Alberta $59,750 $3,836 $3,491
10987
109.87%
14
14
 Calgary, Alberta $64,600 $4,091 $3,740
10937
109.38%
15
15
 Spruce Grove, Alberta $60,950 $3,899 $3,589
10863
108.64%
16
16
 High Level, Alberta $59,900 $3,844 $3,570
10766
107.66%
17
17
 Airdrie, Alberta $61,150 $3,910 $3,665
10667
106.67%
18
18
 Fort Saskatchewan, Alberta $66,400 $4,186 $3,976
10528
105.28%
19
19
 Peace River, Alberta $60,850 $3,894 $3,720
10466
104.67%
20
20
 Grande Prairie, Alberta $59,650 $3,830 $3,762
10181
101.82%
21
21
 Strathmore, Alberta $54,950 $3,578 $3,515
10178
101.78%
22
22
 Beaverlodge, Alberta $55,250 $3,595 $3,558
10103
101.04%
23
23
 Bonnyville, Alberta $53,900 $3,517 $3,515
10005
100.06%
24
24
 Saint Paul, Alberta $53,650 $3,503 $3,570
09811
98.11%
25
25
 Drayton Valley, Alberta $54,600 $3,557 $3,654
09735
97.36%
26
26
 Lacombe, Alberta $52,700 $3,448 $3,579
09633
96.34%
27
27
 Camrose, Alberta $51,750 $3,393 $3,632
09342
93.42%
28
28
 Drumheller, Alberta $52,050 $3,410 $3,654
09333
93.33%
29
29
 Barrhead, Alberta $49,080 $3,239 $3,515
09215
92.15%
30
30
 Vegreville, Alberta $48,920 $3,230 $3,515
09189
91.89%
31
31
 Pincher Creek, Alberta $50,640 $3,329 $3,627
09178
91.79%
32
32
 Brooks, Alberta $50,680 $3,331 $3,654
09117
91.17%
33
33
 Sundre, Alberta $50,440 $3,318 $3,660
09064
90.65%
34
34
 Stettler, Alberta $49,960 $3,290 $3,654
09003
90.04%
35
35
 Banff, Alberta $51,000 $3,350 $3,744
08947
89.47%
36
36
 Three Hills, Alberta $45,960 $3,059 $3,660
08358
83.59%
The Affordability Index is based on a single, non-homeowner, who owns a car.
CareerBeacon obtains its data from 3rd party services and cannot verify its accuracy. The information contained on this page is intended to be used for informational purposes only and should not be used to replace legal authority. The information contained in the demographic reports should not be relied upon for determining career and/or relocation decisions.

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