
Lethbridge among most affordable Alberta cities
LETHBRIDGE, AB – The Alberta Living Wage Network (ALWN) has released new living wages for 2023. ALWN collaborated with 16 municipalities across Alberta to uncover these statistics.
Living wage is defined as the hourly wage a worker needs to earn to cover their basic expenses and have a modest standard of living after taking taxes into account. It is based on full time work, which requires either 35 hours weekly, or 1,800 hours yearly.
The metric accounts for three types of households: a two-parent family with two young children; a single parent with one child; and a lone individual.
The calculation assumes that each adult works full-time, and it prepares for unexpected costs such as continuing education, child care and more.