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Cost Of Living
 20002005Percentage Change 2000-2005
Canada$76,569$82,3257.5%
Alberta$82,430$98,24019.2%
Calgary$95,166$116,01321.9%
Medicine Hat$69,749$80,88216.0%
Lethbridge$69,463$75,4198.6%
Red Deer$77,553$90,33316.5

 

Housing:
- In 2007 the rental vacancy rate of two bedroom apartments was 1.6%: this was 40.7% lower than the average for all Census Agglomerations.  The rental vacancy rate was up 166.7% from that in 2006.

- 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.

 

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