Cost of living

Cost of living in Kelowna

Average rent and household spending in Kelowna — and a quick check of whether your rent is reasonable for your income.

Average rent in Kelowna

CMHC, apartment structures of three units and over.

Bachelor$1,394/mo
1 bedroom$1,597/mo
2 bedroom$2,098/mo
3 bedroom$2,713/mo

Is your rent reasonable?

Check your rent in Kelowna

Optional — to check the 30% affordability guideline.

That's about average for Kelowna ($2,098).

City comparison

How Kelowna compares

A one-bedroom in Kelowna averages $1,597 a month, the 4th most expensive of the 18 cities we track and $190 above the 18-city average of $1,407.

Keeping rent under the 30% guideline takes a gross income of about $63,880 a year for a one-bedroom here, and about $83,920 for a two-bedroom.

The median individual income in Kelowna is $47,300, so an average one-bedroom takes 41% of a median earner's gross income: house-poor.

Income percentiles in Kelowna

Household spending in British Columbia

Average household, per year (Survey of Household Spending).

Living costs
$82,715
Shelter
$28,827
Total
$107,797

Educational information only — not financial advice. Rents are CMHC averages; actual options vary by neighbourhood and building.

What's next

Rent vs buyWhen buying beats renting.What home can you afford?The max price your income supports.Salary to buy a homeThe income a lender would require.