| Cost Of Living |
Housing: - In 2006, the average house costs were equivalent to 2.9 years of annual income for the median family. This ratio was 34.0% lower than the national average and 21.0% lower than the provincial average. - At 1,098 housing starts in 2007, Medicine Hat saw a 60.1% increase from the 686 housing starts in 2003. This compares to a national increase of 4.5% and a 33.6% increase in Alberta. - In 2007, out of 24 cities surveyed, Medicine Hat ranked the third lowest with a tax rate of $1,665 for a single detached home in Canada. The property taxes for a single detached home in Medicine Hat increased 5.7% from 2006 to 2007. |