Richest Neighborhoods in Edmonton [2022 - 2033 Data]

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Richest Neighborhoods in Edmonton [2022 - 2033 Data]

Renowned as "Canada's Festival City," Edmonton lives up to its name by hosting a plethora of festivals throughout the year. With a population of approximately 1.1 million people, Edmonton proudly holds the title of North America's northernmost city with a population exceeding one million. Here, residents, known as Edmontonians, are privileged to enjoy a remarkable array of amenities and experiences.

Within the city, there are several affluent neighborhoods where high-income earners reside and luxurious properties can be found. In this article, we will explore the wealthiest neighborhoods in Edmonton based on both household income and home prices.

Neighborhoods with the Highest Percentage of High-Income Earners

When it comes to measuring the prosperity of a neighborhood, one of the key factors to consider is the percentage of households earning over $150,000 annually. Let's take a closer look at the top 10 neighborhoods in Edmonton with the highest concentration of high-income earners.

  1. Hays Ridge Area: Known for its upscale homes and beautiful natural surroundings, Hays Ridge Area boasts an impressive 71.9% of households earning over $150,000. It is a highly sought-after neighborhood among affluent residents.

  2. Donsdale: With 57.7% of households earning over $150,000, Donsdale offers a luxurious living experience. The community features elegant properties, mature trees, and easy access to amenities, making it a desirable location for high-income individuals.

  3. Quesnell Heights: Quesnell Heights is another prestigious neighborhood in Edmonton, with 57.4% of households earning over $150,000. The area showcases beautiful homes, well-manicured streets, and proximity to parks and trails.

  4. Ogilvie Ridge: Known for its scenic beauty and upscale residences, Ogilvie Ridge boasts a high concentration of high-income earners, with 53.7% of households earning over $150,000. The neighborhood offers a tranquil and luxurious living environment.

  5. Cameron Heights: Located in the southwest part of the city, Cameron Heights attracts affluent residents with its picturesque landscapes and upscale properties. Approximately 53.6% of households in this neighborhood earn over $150,000.

  6. Grandview Heights: With 51.8% of households earning over $150,000, Grandview Heights ranks among the top affluent neighborhoods in Edmonton. The community offers stunning views of the city and a serene atmosphere.

  7. Oleskiw: Oleskiw is renowned for its luxurious homes and prestigious golf courses. Approximately 48.5% of households in this neighborhood earn over $150,000, contributing to its reputation as an affluent area.

  8. Westridge: Westridge is an upscale neighborhood characterized by its spacious properties and proximity to the North Saskatchewan River. Around 47.9% of households in Westridge earn over $150,000, making it a favored location for high-income earners.

  9. Wedgewood Heights: Wedgewood Heights, with its elegant homes and tranquil ambiance, attracts residents with its natural beauty. Approximately 46.8% of households in this neighborhood earn over $150,000, adding to its affluent status.

  10. Henderson Estates: Henderson Estates, known for its upscale residences and proximity to the river valley, rounds out the top 10 wealthiest neighborhoods in Edmonton. About 46.6% of households in Henderson Estates earn over $150,000.

Neighborhoods with the Highest Home Prices

Apart from income levels, the prices of homes in a neighborhood also serve as an indicator of affluence. Let's explore the top 10 richest neighborhoods in Edmonton based on home prices.

  1. Grandview Heights: Topping the list with an average home price of $1,160,987.6, Grandview Heights offers luxurious properties with stunning views of the city. It is a highly desirable neighborhood for affluent buyers.

  2. Westbrook Estate: Known for its grand estates and mature trees, Westbrook Estate boasts an average home price of $1,081,285.7. The neighborhood exudes elegance and exclusivity, attracting discerning buyers.

  3. Hays Ridge Area: With an average home price of $1,084,230.8, Hays Ridge Area ranks among the wealthiest neighborhoods in terms of real estate. It offers a harmonious blend of natural surroundings and luxurious living.

  4. Windsor Park: Known for its prestigious homes and proximity to the North Saskatchewan River, Windsor Park showcases an average home price of $1,323,603.3. It appeals to buyers seeking elegance and sophistication.

  5. Rural North East South Sturgeon: Despite its rural setting, this area commands an average home price of $932,000. It provides a serene and picturesque environment for those seeking a high-end rural lifestyle.

  6. Donsdale: Donsdale, with an average home price of $934,312.5, is known for its upscale properties and convenient location. It attracts buyers looking for a luxurious living experience in a well-established neighborhood.

  7. Oleskiw: Offering an average home price of $794,976.4, Oleskiw presents an excellent opportunity for buyers seeking upscale residences at a relatively lower price point. The neighborhood combines luxury and value.

  8. Laurier Heights: Laurier Heights boasts an average home price of $874,802.6. Situated in a picturesque location, the neighborhood offers an upscale living experience with easy access to amenities and natural attractions.

  9. Henderson Estates: With an average home price of $731,452, Henderson Estates provides an appealing mix of luxurious homes and natural beauty. It attracts buyers who desire a high-end lifestyle in a serene environment.

  10. Lansdowne: Rounding off the list, Lansdowne features an average home price of $650,833.3. The neighborhood offers a range of upscale properties, making it an attractive option for buyers seeking a touch of luxury.

Conclusion

Edmonton is home to several affluent neighborhoods where high-income earners and luxury homebuyers gravitate. From the neighborhoods with the highest percentage of high-income earners to those with the highest home prices, there are abundant options for those seeking an upscale lifestyle. Whether you prioritize income demographics or property prices, these neighborhoods represent the epitome of luxury living in Edmonton.

To explore more about Edmonton's real estate market, check out our blog for regular. 

2016 Census - Population by Household Income. The information provided in this blog is ‘as is’ with no guarantee of accuracy or completeness.

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