Cochrane, AB

Alberta

Cochrane is a mid-size city in Alberta with a population of 32,199. Residents earn $113,000 per year, which is 50% above the national average.

3.6 /5.0
B+ Good
32,199 Population 2,641/sq mi density
$113,000 Median Income $67,500 per capita
$448,000 Home Value
$1,500 Median Rent 18.8% income on rent
40°F Avg Temperature
B+
Overall
3.6 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.8 / 5.0
$113,000 median income, 9.6% unemployment
A
Affordability
4.4 / 5.0
$448,000 home value, $1,500/mo rent
C+
Education
2.6 / 5.0
19.6% bachelor's degree or higher
Median Income $113,000
50% higher than US avg
Home Value $448,000
59% higher than US avg
Bachelor's+ 19.6%
42% lower than US avg
Median Rent $1,500
29% higher than US avg
Unemployment 9.6%
167% higher than US avg
Poverty Rate 6.0%
52% lower than US avg

How Cochrane Compares to the U.S. Average (100% = U.S. avg)

People

Population32,199
Median Age39.2 yrs
Density2,641/mi²
Male / Female49% / 51%
Largest GroupWhite 91%

Economy

B+
Median Income$113,000
Per Capita$67,500
Unemployment9.6%
Poverty6.0%
Commute31 min

Housing

A
Home Value$448,000
Rent$1,500
OwnershipN/A
Housing Units12,095
Rent Burden18.8%

Climate

Avg Temp40°F (4°C)
Rain19.3 in/yr
Elevation3,763 ft (1,147 m)

Education

C+
Bachelor's+19.6%
High School+26.2%
Graduate+6.1%

Community

Commute31 min

Is Cochrane a Good Place to Live?

Based on current data, Cochrane receives an overall livability score of 3.6 out of 5.0, earning a grade of B+. Key strengths include above-average household incomes, a low poverty rate. Areas to be aware of include high housing costs, above-average unemployment. Cochrane offers a solid quality of life with a good balance of affordability, safety, and opportunity.

Economy & Jobs

The median household income in Cochrane is $113,000, which is significantly higher than the national average — 50% above $75,149. This places Cochrane among higher-income communities. At 9.6%, unemployment is notably high. Only 6.0% of residents live below the poverty line, well below the national rate of 12.4%. Workers commute an average of 31 minutes.

Cost of Living & Housing

The median home value in Cochrane is $448,000, making it a premium housing market at 59% above the U.S. median of $281,900. Renters pay a median of $1,500 per month, significantly above the national average of $1,163. A price-to-income ratio of 4x indicates a reasonably affordable housing market.

Education

19.6% of residents hold a bachelor's degree, below the national average of 33.7%. 26.2% have completed high school.

Climate & Weather

Cochrane has a cool climate with an average annual temperature of 40°F. Winters average 22°F in January while summers reach 62°F in July. Annual precipitation totals 19.3 inches, including 40.6 inches of snow.

Cochrane has a population of 32,199 with a density of 2,641 people per square mile. The median age is 39.2 years, 1% older than the national median of 38.9. The city is predominantly White (91.5%), with 1.1% Black, 5.9% Asian.

Population

32,199
Total Population
2021 Census
2,641
People / sq mi
39.2yrs
Median Age
1% above US avg
12.2mi²
Land Area

Gender Distribution

Male 49.1%
Female 51%

Race & Ethnicity

Cochrane vs U.S. Average

Language Spoken at Home

English Only88.2%
12% above US avg
Spanish2.2%
84% below US avg
Other Languages9.7%

Social Characteristics

Cochrane vs U.S. Average

The median household income in Cochrane is $113,000, which is 50% above the national average of $75,149. The unemployment rate is 9.6% (above the 3.6% US average). 6.0% of residents live below the poverty line. Workers commute an average of 31 minutes.

Income: Cochrane vs U.S.

Commute Mode

Income

Median HH Income$113,000
50% above US avg
Per Capita Income$67,500

Employment & Poverty

Unemployment9.6%
167% above US avg
Poverty Rate6.0%
52% below US avg

Business (County)

Tax & Cost of Living

Commute & Transportation

Commute Time30.5 min
Drive Alone86.3%
Public Transit1.2%
Work from Home34.2%

Walkability

The median home value in Cochrane is $448,000, 59% above the national average. Monthly rent averages $1,500 (29% above US avg).

Home Value Sources

Ownership Split

Home Values

Census Median$448,000
59% above US avg

Real Estate Market (Redfin)

Rental Costs

Census Median Rent$1,500
29% above US avg
Rent Burden18.8%

Ownership & Property

Owner-Occupied83.7%
Renter-Occupied16.3%
Housing Units12,095

Property Tax

Cochrane has an average annual temperature of 40°F (4°C). Winters average 22°F in January while summers reach 62°F in July. Annual precipitation is 19.3 inches.

Temperature

22°F Jan (-6°C) 62°F Jul (17°C)
Annual Average39.8°F
26% below US avg
January Average22°F (-6°C)
July Average62°F (17°C)

Precipitation & Snow

Annual Rainfall19.3 inches
49% below US avg
Snowfall40.6 inches/yr

Air Quality

Geography

Elevation3,763 ft (1,147 m)
Area12.2 sq mi (31.6 km²)
Population Density2,641/sq mi
Coordinates51.1834°N, 114.4687°W
TimezoneAmerica/Edmonton
19.6% of residents hold a bachelor's degree or higher (42% below US avg).

Education

Bachelor's Degree+19.6%
42% below US avg
High School+26.2%
Graduate Degree+6.1%
C+ Education Grade (2.6/5.0)

Urban-Rural Classification

Population Density2,641/sq mi
Total Area12.2 sq mi

Infrastructure & Services

Safety & Disasters

Commute & Transportation

Avg Commute30.5 min
Drive Alone86.3%
Public Transit1.2%
Work from Home34.2%

Nearby Cities

Bearspaw, AB 5,567 pop · 8.0 mi Rocky Ridge, AB 8,195 pop · 10.1 mi Tuscany, AB 19,700 pop · 10.5 mi Valley Ridge, AB 5,365 pop · 10.9 mi Royal Oak, AB 11,580 pop · 11.0 mi Crestmont, AB 2,275 pop · 11.3 mi Scenic Acres, AB 7,850 pop · 11.6 mi Arbour Lake, AB 10,335 pop · 12.0 mi Citadel, AB 10,180 pop · 12.7 mi Nolan Hill, AB 8,755 pop · 13.1 mi Ranchlands, AB 7,490 pop · 13.2 mi Silver Springs, AB 8,570 pop · 13.2 mi Hawkwood, AB 9,115 pop · 13.3 mi Cougar Ridge, AB 7,150 pop · 13.7 mi
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