Is Canmore a Good Place to Live?
Based on current data, Canmore receives an overall livability score of 3.0 out of 5.0, earning a grade of B. Key strengths include above-average household incomes, abundant sunshine, a low poverty rate. Areas to be aware of include high housing costs, above-average unemployment. Canmore offers a solid quality of life with a good balance of affordability, safety, and opportunity.
Economy & Jobs
The median household income in Canmore is $106,000, which is significantly higher than the national average — 41% above $75,149. This places Canmore among higher-income communities. At 9.7%, unemployment is notably high. Only 6.5% of residents live below the poverty line, well below the national rate of 12.4%. Workers commute an average of 21 minutes.
Cost of Living & Housing
The median home value in Canmore is $850,000, making it a premium housing market at 202% above the U.S. median of $281,900. Renters pay a median of $1,760 per month, significantly above the national average of $1,163. With a home price-to-income ratio of 8x, housing affordability is a significant challenge for many families.
Education
27.7% of residents hold a bachelor's degree, below the national average of 33.7%. 21.9% have completed high school.
Climate & Weather
Canmore has a cool climate with an average annual temperature of 38°F. Winters average 19°F in January while summers reach 61°F in July. With 290 sunny days per year, residents enjoy well above the national average of sunshine. Annual precipitation totals 21.2 inches, including 57.6 inches of snow.