Rainbow Lake, Alberta Cost Of Living

B-

6%

Overall NAT. AVG.

1%

Goods & Services NAT. AVG.

70%

Housing NAT. AVG.

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Date & Last Updated: This data reflects 2020 and was released from Statistics Canada.

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Rainbow Lake	Alberta	National
Cost of living	94	100	100
Goods & Services	101	105	100
Groceries	113	99	100
Health care	104	101	100
Housing	30	88	100
Transportation	101	94	100
Utilities	226	122	100

Cost Of Living Quick Facts

The cost of living in Rainbow Lake is 6% lower than the Alberta average
The cost of living in Rainbow Lake is 6% lower than the national average
Rainbow Lake housing is 70% lower than the national average
Alberta general sales tax is 100% lower than the national average
Alberta state income tax is 19% higher than the national average

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Alberta Sales Tax

State	General Sales Tax	With Max Surtax
Alberta	0%	5%

Alberta Income Tax

State	Income Tax (Low)	Income Tax (High)
Alberta	10%	15%

Goods & Services

Item	Rainbow Lake	National avg.	Difference
Personal Care	$96.00	$94.33	1.8%
Recreation	$99.00	$102.33	3.3%

Groceries

Item	Rainbow Lake	National avg.	Difference
Meat, Poultry and Fish	$107.00	$102.27	4.6%
Dairy Products and Eggs	$106.00	$104.67	1.3%
Bakery and Cereal Products	$115.00	$111.67	3.0%
Fruit and Vegetables	$123.00	$113.40	8.5%
Alcoholic Beverages	$114.00	$105.80	7.8%

Health Care

Item	Rainbow Lake	National avg.	Difference
Doctor	$111.00	$101.07	9.8%

Housing

Item	Rainbow Lake	National avg.	Difference
Home Price ($)	$n/a	$659,395.00	100.0%
Apartment Rent ($)	$n/a	$2,146.00	100.0%

Transportation

Item	Rainbow Lake	National avg.	Difference
Gasoline	$112.00	$102.07	9.7%

Utilities

Item	Rainbow Lake	National avg.	Difference
All Electricity	$100.00	$98.60	1.4%

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Rainbow Lake, AB	777	94	6.1%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Hobson City, AL	777	n/a
Laytonville, CA	777	n/a
Mound City, IL	777	n/a
Newman, IL	777	n/a
Tonica, IL	777	n/a
Rainbow Lake, AB	777	94	6.1%

Date & Last Updated: This data reflects 2020 and was released from Statistics Canada.