Cranbrook

Town · British Columbia · Population 20,499

Housing and jobs

Housing costs, rents, incomes and jobs in Cranbrook, with comparisons and sources.

28 · Below average

Average monthly rent$1,071/month

BC: $1,494/month · Canada: $1,209/month · 2006: $748/month (estimated) · 2016: $1,004/month (in 2021 dollars) · Statistics Canada, 2021

Average rent, bachelor apartmentPurpose-built rentals, CMHC October survey.$828/month

Metro area average · CMHC, 2025

Average rent, 1-bedroom apartmentPurpose-built rentals, CMHC October survey.$1,052/month

Metro area average · CMHC, 2025

Average rent, 2-bedroom apartmentPurpose-built rentals, CMHC October survey.$1,472/month

Metro area average · CMHC, 2025

Average rent, 3-bedroom apartmentPurpose-built rentals, CMHC October survey.$1,805/month

Metro area average · CMHC, 2025

Median dwelling value (owner-estimated)$380,000

BC: $785,000 · Canada: $472,000 · 2016: $309,065 (in 2021 dollars) · Statistics Canada, 2021

Households spending 30%+ of income on housing15.2%

BC: 25.5% · Canada: 20.9% · 2006: 24% (estimated) · 2016: 20.3% · Statistics Canada, 2021

52 · Average

Median household income$80,000

BC: $85,000 · Canada: $84,000 · 2006: $65,643 (estimated) · 2016: $73,523 (in 2020 dollars) · Statistics Canada, 2021

Population growth (5-year)2.3%

BC: 7.6% · Canada: 5.2% · 2016: 3.8% · Statistics Canada, 2021

Unemployment rate7.4%

BC: 8.4% · Canada: 10.3% · 2006: 5.1% (estimated) · 2016: 7.8% · Statistics Canada, 2021