Canmore’s 2022 Living Wage is $32.75 and is based on a weighted average of three household scenarios:
- Family of four (two income/two child): $36.15
- Lone parent (one income/one child): $47.15
- Single individual (one income): $29.00
Previous calculations followed the Canadian Living Wage Framework, which was only based on a family of four (two parent, two child household).
Remuneration should never be based on family composition or lifestyle. The Living Wage is an indicator for community affordability and livability. It represents the average income that residents need to grow, thrive, and actively participate in the community.
Community affordability is the responsibility of community, business, and all levels of government.
Click here for more information on how to access local programs/initiatives that increase community affordability.
The Alberta Living Wage network created the methodology for the living wage calculation, which aligns with both the Province of British Columbia’s and the Province of Ontario’s Living Wage Networks.
Previous calculations reflected the Canadian Living Wage Framework, which was based only on a family of four. The Alberta Living Wage Network amended the calculation to reflect multiple households and incorporate the different benefit and tax scenarios that are based on household size.
The Living Wage represents the hourly wage that makes up the income an individual needs to earn in their career to grow, thrive, and actively participate in their community. It provides insight on community affordability and livability. The Living Wage also provides municipalities with a way to evaluate the impact of community programs, such as Vital Homes or the Good Food Box, on living expenses.
The Living Wage may also help employers quantify the impact that employee benefit programs, such as employee meals, staff accommodation, health benefits, professional development, childcare support, corporate wellness accounts, or corporate savings plan, have on the calculation of the wage
According the 2018 Alberta Spatial Price Survey, Basic Household expenses in Canmore are on average 43 percent more expensive than Alberta’s baseline municipality (Edmonton). Most notably, Canmore’s housing, is 141 percent more expensive than Alberta’s baseline, which directly impacts the Living Wage calculation. In addition, 2022 saw record inflation rates, which means the price of goods and services have increased more in 2022 than in previous years