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Cochrane, AB
Full City Profile · Alberta
3.3
/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
287 sunny days/yr
B
Overall
3.3 / 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+
Safety
2.5 / 5.0
C+
Education
2.6 / 5.0
19.6% bachelor's degree or higher
Housing Overview
Median Home Value
$448,000
59% above
US avg: $281,900
Median Rent
$1,500/mo
29% above
US avg: $1,163/mo
Homeownership Rate
83.7%
28% above US avg (65.4%)
Total Housing Units
12,095
Ownership vs. Renting
83.7%
Owner-Occupied
16.3%
Renter-Occupied
US avg: 65.4% owner-occupied
Affordability & Housing Stock
Rent Burden
18.8%
of renters spending 30%+ of income on housing
39% below US avg (31.0%)
Homeownership Rate
83.7%
Complete Housing Data
Home Values
| Census Median Value | $448,000 |
Rent
| Census Median Rent | $1,500 |
Market
Ownership & Stock
| Owner-Occupied | 83.7% |
| Renter-Occupied | 16.3% |
| Homeownership Rate | 83.7% |
| Total Housing Units | 12,095 |
| Rent Burden | 18.8% |