Cost of living and prices in Banff, prices of food, rent, shopping, etc. 🇨🇦
Updated Jul 2023

Banff, Canada is a picturesque town nestled in the mountains and surrounded by stunning natural beauty. It is located in Northern America, with coordinates of 51.17840 latitude and -115.57081 longitude, and sits at an elevation of 1388 meters above sea level.

The cost of living in Banff can be quite high due to its popularity as a tourist destination. However, its natural beauty and abundance of outdoor activities make it a desirable place to live for those who want to be surrounded by nature. The town has a population of 7851 people and operates on the America/Edmonton time zone, GMT: -7.0. Despite the cost of living, Banff offers a unique and fulfilling lifestyle that attracts people from all over the world.

Living in Banff can be an expensive proposition, but it is also an experience that is second to none. The town's natural beauty and outdoor activities make it a haven for adventurers, hikers, and skiers alike. From skiing at the Banff Ski Resort, to exploring the Bow River, to taking a dip in the hot springs, Banff offers a wealth of opportunities for those who love the great outdoors. With its vibrant art scene and unique culture, Banff is a place that should not be missed by those looking for a one-of-a-kind living experience.

Cost of Living Estimate in Banff

Total cost of living in Banff for two person with average consumption for one month will be 1408.97 USD, no rent price included. Click here to calculate cost-of-living estimate in Banff

You can calculate cost of living in Banff by changing quantity using input near each good or service. Resulting total will appear in a floating box in the bottom of your screen.

Restaurants prices

Banff, one of the most scenic destinations in Canada, offers a plethora of dining options to suit all preferences. From gourmet restaurants to rustic cafes, Banff has something for everyone. If you're looking for a fine-dining experience, Banff has a wide range of restaurants offering exquisite dishes prepared by experienced chefs. You can also find casual cafes that preserve the local flavors and offer a relaxed atmosphere for a quick bite. Additionally, there are various pubs, bars, and lounges where you can enjoy a drink or two with your friends and colleagues.

Banff's culinary scene reflects its multicultural diversity, with restaurants specializing in different cuisines, such as Japanese, Indian, Italian, and Mexican. Whether you're in the mood for sushi, tandoori chicken, pasta, or tacos, you'll find a restaurant that caters to your taste. Also, Banff is home to several vegetarian and vegan restaurants, making it a perfect destination for plant-based eaters. If you're an outdoor enthusiast, Banff offers unique dining experiences, such as a mountaintop meal or a picnic in one of the parks. No matter the occasion, Banff's restaurants and dining options will surely elevate your experience.

Meal in Inexpensive Restaurant
19.62 $
Meal for 2 People, Mid-range Restaurant, Three-course
62.79 $
McMeal at McDonalds or Alternative Combo Meal
7.85 $
Domestic Beer, 0.5 liter Draught
4.71 $
Imported Beer, 0.33 liter Bottle
6.58 $
Cappuccino
3.83 $
Coca-Cola, 0.33 liter Bottle
1.83 $

Markets prices

Market prices in Banff, Canada are reflective of the town's reputation as a popular tourist destination. The demand for goods and services is relatively high, leading to somewhat elevated prices across the board. However, visitors to Banff can take advantage of discounts and deals offered by local establishments, and there are plenty of budget-friendly options available for those who are willing to look.

Despite the slightly higher prices, the quality of products and services in Banff is generally excellent. Visitors can expect top-notch meals at local restaurants, and accommodations ranging from affordable hostels to luxurious resorts. Additionally, Banff boasts a vibrant shopping district featuring local artisans' work, as well as international brands. Overall, while prices in Banff may be slightly elevated, visitors can rest assured that they are paying for quality experiences and products.

Water, 0.33 liter Bottle
1.87 $
Milk, Regular,1 liter
1.66 $
Loaf of Fresh White Bread, 0.5 kg
2.32 $
White Rice, 1 kg
2.35 $
Eggs, 12 pack
2.59 $
Local Cheese, 1 kg
12.56 $
Chicken Breasts, Boneless and Skinless, 1 kg
9.56 $
Beef Round or Equivalent Back Leg Red Meat, 1 kg
8.91 $
Apples, 1 kg
3.77 $
Banana, 1 kg
1.10 $
Oranges, 1 kg
2.35 $
Tomato, 1 kg
2.57 $
Potato, 1 kg
1.59 $
Onion, 1 kg
1.47 $
Lettuce, 1 head
1.91 $
Water, 1.5 liter Bottle
2.12 $
Bottle of Wine, Mid-Range Price
11.77 $
Domestic Beer, 0.5 liter Bottle
1.44 $
Imported Beer, 0.33 liter Bottle
2.90 $
Pack of Cigarettes
13.34 $

Transportation prices

Visitors to Banff, Canada have several transportation options to choose from during their stay. One popular mode of transportation is the Roam Transit buses, which provide a convenient and affordable way to get around the town and surrounding areas. The buses operate on fixed routes and schedules, making it easy for visitors to plan their trips around Banff National Park. Additionally, visitors can opt for the Banff Airporter shuttle service, which provides transportation to and from the Calgary International Airport. This service is a great option for those who don't want to rent a car or take a taxi.

For those who prefer a more adventurous mode of transportation, Banff offers a variety of bike rental options. Visitors can easily rent a bike and explore the beautiful trails and pathways of Banff National Park. In addition, many tour companies offer guided bike tours that take visitors to some of the most scenic locations in the area. For those who enjoy a more leisurely pace, there are also horse-drawn carriage rides available throughout Banff. Visitors can sit back and enjoy a peaceful ride through the picturesque landscape, with a knowledgeable guide providing commentary on the area's history and sights. With so many transportation options to choose from, visitors to Banff are sure to find a convenient and enjoyable way to explore the region.

One-way Ticket, Local Transport
1.57 $
Monthly Pass, Regular Price
53.37 $
Taxi Start, Normal Tariff
5.10 $
Taxi, price for 1 km, Normal Tariff
3.14 $
Taxi, price for 1 hour Waiting, Normal Tariff
17.27 $
Gasoline, 1 liter
0.78 $
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)
16,089.22 $

Utilities Per Month prices

Utilities cost in Banff, Canada can vary depending on the season of your visit. During the winter months, heating costs may be higher due to the cold temperatures. This is especially true if you are staying in a lodge or cabin that is not insulated. It is recommended to pack warm clothing and consider options such as a wood stove or fireplace to keep costs down.

In the summer, utilities cost may be less of a concern due to the warmer temperatures. However, water usage may increase as visitors take advantage of the many outdoor activities such as kayaking and swimming. It is recommended to be mindful of water usage and consider options such as using a reusable water bottle instead of purchasing single-use plastic bottles. Additionally, in the summer months, air conditioning may be needed in certain accommodations, which could add to the cost of utilities.

Basic utilities for 85m2 Apartment including Electricity, Heating or Cooling, Water and Garbage
141.27 $
Prepaid Mobile Tariff Local, price per 1 min, No Discounts or Plans
0.31 $
Internet, 60 Mbps or More, Unlimited Data, Cable/ADSL
67.81 $

Sports And Leisure prices

Banff is an ideal destination for travelers who love sports and outdoor leisure activities. Tucked away amidst the Canadian Rockies, Banff offers plenty of opportunities for skiing, skating, and hiking during the winter months. Visitors can also enjoy soaking in hot springs or taking scenic gondola rides to explore the breathtaking landscapes of the region. In the summer, Banff is a haven for outdoor enthusiasts who can indulge in mountain biking, fishing, boating, and golfing. There are also numerous trails for hiking and camping, giving visitors an opportunity to reconnect with nature and escape the hustle and bustle of daily life.

For those seeking a more laid back vacation, Banff offers plenty of leisure activities. Visitors can relax in one of the many spas and wellness centers, take a leisurely stroll around the picturesque town, or explore the local museums and galleries. Banff is also renowned for its culinary scene, with many restaurants and bars offering a diverse array of dishes to suit any palate. From fine dining to more casual dining experiences, foodies will find plenty of delicious and innovative dishes to sample during their stay in Banff.

Fitness Club, Monthly Fee for 1 Adult
49.29 $

Salaries And Financing prices

One thing to consider when planning a trip to Banff, Canada is the cost of living and financing. While Banff is a beautiful and popular tourist destination, it can also be quite expensive. Salaries in Banff tend to be relatively high due to the booming tourism industry, which attracts people from all over the world to work in Banff's hotels, restaurants, and other businesses. However, the cost of living in Banff can also be high, meaning that travelers may need to budget carefully to make the most of their trip.

Fortunately, there are plenty of ways to save money while traveling in Banff. One option is to look for deals and discounts on activities, accommodations, and food. Another option is to plan ahead and budget carefully, taking advantage of resources like travel guides and online forums to help you find the best deals and make the most of your trip. Whether you're looking to experience Banff's stunning natural beauty, explore its vibrant cultural scene, or simply relax and unwind, there are plenty of ways to enjoy this amazing destination without breaking the bank.

Cinema ticket, 1 Seat
9.42 $
Average Monthly Net Salary, After Tax
3,227.65 $
Mortgage Interest Rate in Percentages for 20 Years Fixed-Rate, Yearly, Fixed-Rate
3.84 %

Childcare prices

Banff, Canada is a beautiful town, but one of the challenges parents face is the high cost of childcare. Daycares in Banff can be quite expensive, especially if you are looking for full-time care. However, there are many quality options available for parents who are willing to spend a little extra to ensure their child receives excellent care.

In terms of schools and kindergartens, Banff has a range of options to choose from. There are public and private schools in the area, as well as a number of excellent kindergartens. If you are considering enrolling your child in a kindergarten program, it is important to do your research and select one that provides a nurturing and stimulating environment. Many of the kindergartens in Banff also offer before and after-school care, which can be a great convenience for working parents.

Private Preschool or Kindergarten, Monthly for 1 Child
585.04 $
International Primary School, Yearly for 1 Child
10,202.92 $

Clothing And Shoes prices

Banff, Canada is a tourist destination that offers a variety of options for clothing and shoes. Visitors can find high-end designer brands in local boutiques or opt for budget-friendly options in chain stores. Regardless of the preference, visitors will find the shops in Banff to offer unique items that are perfect for exploring the town or embarking on outdoor adventures.

When it comes to places to buy clothing and shoes in Banff, there are plenty of options. Some of the most popular stores include sporting goods retailers that offer high-quality outdoor gear, gift shops that specialize in Canadian souvenirs and apparel, and boutiques that carry local designers. Visitors can also find a range of shoe stores, each offering unique styles that are perfect for hiking, walking, or exploring the town. Whether visitors are looking for trendy apparel or practical footwear, Banff has something for everyone.

Pair of Jeans in a Chain Store Like George, H&M, Zara, etc.
57.49 $
Summer Dress in a Chain Store Like George, H&M, Zara, etc.
11.76 $
Pair of Running Shoes, Mid-Range Price
91.63 $
Pair of Leather Business Shoes
113.80 $

Rent Per Month prices

Looking for a short stay in Banff, Canada? No problem! Banff offers a range of accommodation options from hotels and motels to cabins and condos. Whether you're looking for a cozy getaway or a luxurious stay, there's something for everyone in Banff. Short-term rentals are also available for those seeking a more home-like feel. Prices vary depending on the type of accommodation and location, but you can find affordable options that won't break the bank.

If you're looking for a longer stay in Banff, Canada, there are plenty of options available. You can find short-term rentals, extended stay hotels, and furnished apartments that offer all the amenities of home. These options often come with flexible lease terms and can be more affordable than traditional hotels in the area. The prices vary depending on the duration of your stay and the amenities you require. Whether you're looking for a place to stay for a week or a few months, Banff has plenty of options to suit your needs.

One bedroom apartment in city centre
1,138.02 $
One bedroom apartment outside of city centre
1,157.64 $
Three bedroom apartment in city centre
2,485.33 $
Three bedroom apartment outside of city centre
2,354.52 $

Buy Apartment prices

When it comes to buying real estate in Banff, Canada, there are plenty of options to choose from. Whether you're after a cozy mountain cabin or a spacious family home, you'll find a variety of properties available for sale. Some of the more popular choices include single-family homes, townhouses, and condos. Each type of property has its own unique characteristics, so it's important to consider your lifestyle and preferences when making a decision. While prices for Banff real estate can be on the higher end, the incredible natural beauty and amenities of the area make it worth the investment.

One of the benefits of buying property in Banff is the potential for appreciation. With its stunning mountain scenery and proximity to outdoor activities, Banff is a highly desirable location for vacationers and year-round residents alike. As a result, property values tend to hold steady or even increase over time. Additionally, there are a variety of financing options available to help make buying a home in Banff more affordable. Whether you're looking for a primary residence or a second home, there's sure to be an option that fits your budget and lifestyle needs.

Price per m2 to Buy Apartment in City Center
6,141.79 $
Price per m2 to Buy Apartment Outside of City Center
3,531.78 $