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 2023 at $1,201 per month. The average home sale price in 2023 was $319,202.
For more data on the local and regional housing market, visit the Statistics and Resources page.