In 2025, MoneySense reviewed the cost of living throughout Canada, and listed Medicine Hat as the third spot a person could live comfortably. The average person would need an annual income of $70,416, compared to larger cities ranging from $73,000 to $106,000.

Locals often say Medicine Hat is a small city with big city amenities. With the lower cost of living, the quality remains strong, with annual festivals and events, 330 days of sunshine, a 190+ kilometre trail system, diverse shopping, and delicious dining spots.

People who've moved to Medicine Hat share why they love living in Medicine Hat, and often affordability is mentioned.

The Canadian online personal finance and lifestyle magazine chose 79 Canadian cities, and Daily Hive stated they, "considered additional needs for income taxes (including Employment Insurance and Canada Pension Plan contributions), which typically net out to between 20 per cent and 25 per cent of gross income for middle-income earners, and savings at 10 per cent to 15 pr cent. We then rounded up a further 10 per cent to 20 per cent as a “margin of comfort,” allowing for unplanned expenditures or additional savings."

Read the full Daily Hive article here.