Banff
Small town · Alberta · Population 8,305
Housing and jobs
Housing costs, rents, incomes and jobs in Banff, with comparisons and sources.
Affordability
Average monthly rent$1,542/month
AB: $1,332/month · Canada: $1,209/month · 2006: $1,219/month (estimated) · 2016: $1,562/month (in 2021 dollars) · Statistics Canada, 2021
Median dwelling value (owner-estimated)$725,000
AB: $400,000 · Canada: $472,000 · 2016: $663,488 (in 2021 dollars) · Statistics Canada, 2021
Households spending 30%+ of income on housing26.2%
AB: 21.2% · Canada: 20.9% · 2006: 31.9% (estimated) · 2016: 28.9% · Statistics Canada, 2021
Economy
Median household income$88,000
AB: $96,000 · Canada: $84,000 · 2006: $79,089 (estimated) · 2016: $87,749 (in 2020 dollars) · Statistics Canada, 2021
Population growth (5-year)5.8%
AB: 4.8% · Canada: 5.2% · 2016: 3.5% · Statistics Canada, 2021
Unemployment rate14.8%
AB: 11.5% · Canada: 10.3% · 2006: 1.9% (estimated) · 2016: 4.7% · Statistics Canada, 2021