According to the 2017 Alberta Municipal Affairs Annual Rental Survey, the average monthly rental rate for a 2 bedroom apartment is $1021. The average vacancy rate for all types of units was 4%.
For more details on the survey please visit the Government of Alberta's Municipal Affairs - Apartment Vacancy and Rental Cost Survey.
The 2018 Alberta Spatial Price Survey, (ASPS) was conducted from October 2018 to January 2019. Prices were collected on various items in select major communities across the province. The 2018 survey was funded by the Government of Alberta (GOA) through the Office of Statistics and Information (OSI) and the Ministry of Economic Development, Trade and Tourism. Statistics Canada and the OSI developed the survey methodology for the ASPS, while the bulk of survey operations, including index development were carried out by Statistics Canada.
In total, 35 Alberta communities were surveyed for the 2018 cycle of the ASPS.
Since one of main goals of the survey was to measure and compare relative price levels (rather than actual price levels), a price index was developed using Edmonton as the index base. This means that Edmonton is benchmarked at 100.0 and serves as the basis of comparison. As such, communities having an index value above (or below) 100.0 experienced higher (or lower) prices than Edmonton for a particular basket of commodities
Hinton's cost of living indicators in 2018 saw overall cost of 96.7 relative to Edmonton, with food coming in at 109.0 and non-food at 94.7.
For more detailed information about the Town of Hinton from the survey, please view the Alberta spatial price survey webpage.
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