Average Salary in Edmonton, Alberta

Edmonton is one of the best places to live and work in. In this article, I have answered all the questions you might have about living and working in this place. To begin with, it is the capital city of Alberta, one of the 10 provinces in Canada. There are so many natural resources here and the culture is amazingly authentic. Most of the petrochemical industries in Alberta are based here, playing a key role in its diversified economy. Other than the oil and gas industry, supply industries and the technology sector also plays a key role in the economy.

What is the average salary in Edmonton? Expect to receive an average salary of 125,000 CAD ($93,443.50) per year or 10,400 CAD ($7,773.73) per month. This is the average gross salary, which is inclusive of transport, housing, and other benefits. Although it is far from the actual salary that an individual gets, it should give you a rough idea of what to expect.

What is living in Edmonton like? If you love nature then this city is for you. It is strategically situated along the North Saskatchewan River and a few kilometres from the Rocky Mountains. It is also perched on the boundary between the boreal forest and the prairies, creating a beautifully diverse landscape. Now, how is it like working in Edmonton? First of all, there is no provincial sales tax (PST) in Alberto, including Edmonton. To top it up, the salaries are quite high compared to other cities in the country. The rate of unemployment in the city is quite high due to stiff competition but the job opportunities are there. Read on to find out more about living and working here:

If you plan on moving into Edmonton, you better look for a well-paying job because you will need it. The cost of living is 100% higher than the national average, insane right? A family of 4 people requires about $3,141.07 per month without rent while a single person needs at least $886.07 per month. If you want some surplus income to save on, your salary has to be way higher than your expenses.

Salary Determining Factors

Your salary largely depends on your educational qualifications, hours worked, the employer, responsibilities, and level of experience among other things. For instance, the salaries for employees with a working experience of 2-5, 6-9, 10-14, and above 15 years increases by 32%, 36%, 21%, and 14% respectively. Deriving from this, your salary doubles once you reach 10 years of experience. In education, employees with a diploma earn 17% more than those who stopped at high school. Consequently, those with a Bachelor’s Degree earn 24% than the diploma holders, those with masters earn 29% more than degree holders, and PhD holders make 23% more than Master’s Degree holders doing the same job.

Average Salary in Canada

As of 2020, the average salary in Canada is $7,415 per month or about $89,312 per annum. Hourly workers are paid at a rate of $42.467 for every worked hour, which is a substantial improvement from last year’s figures. This translates to an increased salary for everyone! The average salary graph has been going upwards since 2013. Mining and oil drilling is the highest-paid sector followed by work in utilities such as water, telecommunications, and electricity. These sectors have also registered the highest growth percentage over the years. However, there have been some fluctuations since the price of oil is very unstable.

That being said, keep in mind that these are broad sectors within which you can find low-paying professions as well as high-paying ones. The average salary also depends on the city/province, weekly work hours, education level, industry, experience level, and so on. Put all these factors into consideration before planning your monthly budget for living in Canada. For instance, Alberta province has the highest average salary so you would probably get paid more there. Prince Edward Island is the Canadian province with the lowest average salary.

The average salary in this country is also very high in the finance and insurance sector at $70,668 per annum. The sector with the lowest average salary is accommodation and food services at $20,488 per year. Going to the type of job profession, the highest average wage in Canada of $180,440/year is paid to specialist physicians. According to education level, a new graduate employee receives a starting salary of about $54,295, a college diploma employee starts at $45,434, while one with a masters begins at $60,979.

Read Also: Average Salary in Boston

IT Manager Salary Alberta

An Information Technology (IT) manager oversees the general performance of the electronic network of a company and leads the IT department in realising its goals. An IT manager is also fully trained in all IT tasks from running cables, evaluating hardware and managerial functions such as training computer programmers, system administrators, and database administrators. The average IT manager salary in Alberta is currently $163,609/year or $13,598.36 monthly. Fresh graduates at the entry-level receive a starting salary of about $100,036 per year while most experienced IT managers earn $197,122+ every year.

The average IT manager salary in Alberta is about 15.2% more compared to the national average. During an IT manager’s career life, the salary keeps increasing as the years go by. At mid-career, the salary is about 13.9% more than the entry-level salary, then 55.5% more at the experienced level. However, after some time, the salary starts dropping during their late-career level. This is probably because they are heading towards retirement and are unable to perform as well as they did when they were young; plus, working hours also reduce.

If you are planning on being an IT manager in Alberta, prepare to work overtime and spend most of your time in the meeting room rather than the server room. Secondly, most employers will require you to have at least a degree in computer science, network and system administration, information technology, information science, or computer and information sciences. On top of your monthly enticing salary, expect to get lots of tips, overtime compensation, bonuses, profit shares, and other benefits.

Office Manager Salary Alberta

Are you interested in getting an office manager job? Well, the average office manager salary in Alberta is $7,257.99 per month or $87,368.98 per annum. Although this is slightly below the province’s average salary, it is a fair amount. All you need to have is a minimum experience of 2 years and at least a bachelor’s degree in any field related to business administration. Having skills in computer, accounting, office administration, customer relations, payroll administration, customer service, or human resources is an added advantage. Not only will all these determine your chances of getting employed, but also determine your payable salary.

The entry-level salary for an office manager in Alberto is $33,012/year with inclusive of tips, overtime pay, and bonuses. After 1-4 years of experience, the salary rises to about $37,245/year. The trend remains until 10-19 years when the salary increases to about $46,074. After 20 years of working, the salary changes direction and starts dropping to around $44,362.87. Another group of office managers with high salaries can be found in the public sector. Unlike in other countries, the government of Canada pays better than the private sector.