Magrath
Small town · Alberta · Population 2,481
Housing and jobs
Housing costs, rents, incomes and jobs in Magrath, with comparisons and sources.
Affordability
Average monthly rent$1,120/month
AB: $1,332/month · Canada: $1,209/month · 2006: $689/month (estimated) · 2016: $1,070/month (in 2021 dollars) · Statistics Canada, 2021
Median dwelling value (owner-estimated)$300,000
AB: $400,000 · Canada: $472,000 · 2016: $276,192 (in 2021 dollars) · Statistics Canada, 2021
Households spending 30%+ of income on housing16.7%
AB: 21.2% · Canada: 20.9% · 2006: 12.5% (estimated) · 2016: 19.3% · Statistics Canada, 2021
Economy
Median household income$88,000
AB: $96,000 · Canada: $84,000 · 2006: $63,591 (estimated) · 2016: $78,192 (in 2020 dollars) · Statistics Canada, 2021
Population growth (5-year)4.5%
AB: 4.8% · Canada: 5.2% · 2016: 7.1% · Statistics Canada, 2021
Unemployment rate8.7%
AB: 11.5% · Canada: 10.3% · 2006: 5.8% (estimated) · 2016: 4.9% · Statistics Canada, 2021