Red Deer

Small city · Alberta · Population 100,844

Housing and jobs

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

20 · Below average

Average monthly rent$1,209/month

AB: $1,332/month · Canada: $1,209/month · 2006: $1,018/month (estimated) · 2016: $1,305/month (in 2021 dollars) · Statistics Canada, 2021

Average rent, bachelor apartmentPurpose-built rentals, CMHC October survey.$1,036/month

Metro area average · CMHC, 2025

Average rent, 1-bedroom apartmentPurpose-built rentals, CMHC October survey.$1,220/month

Metro area average · CMHC, 2025

Average rent, 2-bedroom apartmentPurpose-built rentals, CMHC October survey.$1,418/month

Metro area average · CMHC, 2025

Average rent, 3-bedroom apartmentPurpose-built rentals, CMHC October survey.$1,677/month

Metro area average · CMHC, 2025

Median dwelling value (owner-estimated)$340,000

AB: $400,000 · Canada: $472,000 · 2016: $384,280 (in 2021 dollars) · Statistics Canada, 2021

Households spending 30%+ of income on housing21.3%

AB: 21.2% · Canada: 20.9% · 2006: 21.6% (estimated) · 2016: 22% · Statistics Canada, 2021

26 · Below average

Median household income$85,000

AB: $96,000 · Canada: $84,000 · 2006: $82,268 (estimated) · 2016: $92,842 (in 2020 dollars) · Statistics Canada, 2021

Population growth (5-year)0.4%

AB: 4.8% · Canada: 5.2% · 2016: 10.9% · Statistics Canada, 2021

Unemployment rate12.3%

AB: 11.5% · Canada: 10.3% · 2006: 4.3% (estimated) · 2016: 10.2% · Statistics Canada, 2021