Monterey Park

Neighbourhood in Calgary · Alberta · Population 8,377

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Housing and jobs

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

Affordability

48 · Average

Average monthly rent$1,503/month

Calgary: $1,404/month · Canada: $1,209/month · 2006: $1,155/month (estimated) · 2016: $1,573/month (estimated) (in 2021 dollars) · Statistics Canada, 2021

Average rent, bachelor apartmentPurpose-built rentals, CMHC October survey.$1,438/month

City-wide figure for Calgary · CMHC, 2025

Average rent, 1-bedroom apartmentPurpose-built rentals, CMHC October survey.$1,581/month

City-wide figure for Calgary · CMHC, 2025

Average rent, 2-bedroom apartmentPurpose-built rentals, CMHC October survey.$1,908/month

City-wide figure for Calgary · CMHC, 2025

Average rent, 3-bedroom apartmentPurpose-built rentals, CMHC October survey.$2,118/month

City-wide figure for Calgary · CMHC, 2025

Rental vacancy rateShare of purpose-built rental apartments empty and available in October.5%

City-wide figure for Calgary · CMHC, 2025

Median dwelling value (owner-estimated)$356,429

Calgary: $456,000 · Canada: $472,000 · Estimated · 2016: $398,177 (estimated) (in 2021 dollars) · Statistics Canada, 2021

Households spending 30%+ of income on housing18%

Calgary: 22.9% · Canada: 20.9% · 2006: 24.5% (estimated) · 2016: 20.6% (estimated) · Statistics Canada, 2021

Economy

26 · Below average

Median household income$97,652

Calgary: $98,000 · Canada: $84,000 · Estimated · 2006: $91,662 (estimated) · 2016: $99,285 (estimated) (in 2020 dollars) · Statistics Canada, 2021

Population growth (5-year)5.5%

Canada: 5.2% · City-wide figure for Calgary · Statistics Canada, 2021

Unemployment rate16.3%

Calgary: 12.5% · Canada: 10.3% · 2006: 6.1% (estimated) · 2016: 10.7% (estimated) · Statistics Canada, 2021