Who Will Live There?
Banff is a diverse community with residents from around the country – and the world – making it their home.
Who makes up our community?
Data from the Banff Community Social Assessment, 2014
- Renters are 60% more likely to experience affordability challenges in Banff than homeowners.
- 77.6% of Banff households could not afford to purchase a median priced apartment.
- 88.5% of Banff households could not afford to purchase a median priced townhome, duplex or single family home
- Median market home ownership is affordable to roughly 10-25% of Banff’s population.
- While rental and home ownership are both required in Banff, the shortage of affordable rental units appears to be the more pressing need.
- In 2011, Banff’s median population was 31.8 years of age, almost five years younger than the median age in Alberta, which is 36.5 years old.
- Banff’s largest demographic group is between the age of 20 and 29 – representing 30% of Banff’s population – which is twice the provincial average of 15%. The next largest demographic group is individuals between 30 and 39 years of age, representing 21% of Banff’s total population. This is significantly higher than the provincial average of 15%.
- In 2011, Banff’s total median income was $32,050. This is lower than the median income in Alberta of $36,940 but higher than Canada’s total median income of $29,410.
- In 2011, 65% of Banff tax filers earned less than $40,000 per year. This compares to 54% for the rest of Alberta. In 2011, 8% of Banff tax filers earned $80,000 or more per year, compared to 19% in Alberta.
- The proportion of the Banff population considered low income is 6.5%. This is below the Alberta rate of 10.7%. Compared to the total Banff population, more persons under 18 (8.8%) and over 65 years of age (8%) lived with a low income in 2011.
Data from the Banff Municipal Census, 2017
- Banff’s official population is 8,865.
- 61% of residents rent, 39% own their home.
- In the summer, 45% of residents walk to work. 30% use a private vehicle, 17% bike, 5% use transit, and 2% carpool.
- In the winter, 46% of residents walk to work. 41% use a private vehicle, 6% use transit, 2% bike and 2% carpool.