There has long been recognition and acceptance that Cochrane is a somewhat pricey place to live. Often, the fact is forgiven because of the idyllic place it is. However, for those that work for minimum wage or even a bit above, it is a situation that cannot be ignored.

It is apparent that it is getting costlier to live every day in Alberta and around the world. The pandemic has certainly added to the increase of the cost of living.

Currently, the minimum wage in Alberta is $15.00 per hour.

The definition of a living wage according to the Living Wage Alberta is, “Living wages are rooted in the beliefs that individuals and families should not just survive, but be able to live in dignity, and participate in their community.”

A living wage is calculated based on the income needs of a two-parent family with two young children. The calculation is derived from both parents working full-time hours. The expenditures include:

  • Healthcare
  • Food
  • Clothing
  • Shelter
  • Transportation
  • Childcare
  • Other household costs
  • Tuition

The Alberta Living Wage Network recently released the numbers regarding the new living wages for 2021 across Alberta.

Cochrane is rated the third highest out of a list of 12 following behind Canmore and Fort McMurray.

Canmore: $37.40

Fort McMurray: $27.35

Cochrane: $22.60

Drumheller: $19.70

Lethbridge $19.00

Calgary: $18.60

Chestermere: $18.60

Edmonton: $18.10

Rocky Mountain House $18.05

Stony Plain: $17.20

Red Deer $17.15

Strathcona County: $16.80

For more information on how living wages are calculated, click HERE.