Being a city in Northwestern Alberta, it is often believed that the cost of living in Grande Prairie is high relative to the rest of Canada or even the Province. However, with affordable real estate coupled with high average household incomes and a discretionary income that is double the national average, Grande Prairie residents are accustomed to a comfortable lifestyle.
The average rent for a two-bedroom suite in Grande Prairie remained affordable in 2020 at $1,182 per month, compared to the province wide average of $1,247. The average home sale price in 2020 was $313,051.
For more data on the local and regional housing market, visit the Statistics and Resources page.