Gibbons
Expert Debt Relief & Consumer Proposal Solutions
Gibbons, debt relief, Alberta
Gibbons, Alberta, a small town near Edmonton with a population of 3,290, offers a friendly, family-oriented environment and access to outdoor activities. Despite local employment opportunities, rising housing costs create financial challenges for residents. Many struggle to cover basic expenses, and limited local financial support necessitates traveling to larger cities for debt relief assistance.
City: Gibbons
Province/Territory: Alberta (AB), Canada
Est. Population: 3,218
Financial Challenges
Living in Gibbons, Alberta can be hard for people who are struggling with money. Housing costs are going up because more families are moving to the town, making it difficult to find affordable homes or rent. Even though there are jobs available, not all of them pay enough to cover everyday expenses like food, bills, and transportation. This can make it tough for people to make ends meet each month.
Working in Gibbons also has its own challenges. While the overall economy in Alberta is growing, some people might still face unemployment or have to take jobs that don’t pay well. Additionally, there aren’t many local places to get help with money problems, so people might need to travel to bigger cities like Edmonton to find financial advice or support. These issues can make it harder for residents to improve their financial situation and feel secure about their future.
Debt Relief Solutions Available
Financial Planning
Financial planning means making a smart plan for your money. It helps you budget, set goals, and save for the future. With a plan in place, you can feel more in control of your money and avoid falling into debt again.
Find out more about Financial PlanningDebt Management Plan
A Debt Management Plan, or DMP, helps you pay back what you owe in one simple monthly payment. A credit expert talks to your creditors to lower your interest and make the debt easier to handle.
Find out more about Debt ManagementDebt Consolidation
Debt consolidation means putting all your debts—like credit cards and loans—into one new loan. This new loan usually has a lower interest rate, which can help you save money and pay off your debt faster.
Find out more about Debt ConsolidationDebt Settlement
Debt settlement means offering less than the full amount you owe to clear your debt. Creditors may accept it because they get paid quickly. A debt settlement company usually helps with this process.
Find out more about Debt SettlementConsumer Proposal
A consumer proposal is a legal deal between you and the people you owe. You agree to pay back part of your debt in smaller monthly payments. A Licensed Insolvency Trustee helps make the plan and talks to your creditors for you.
Find out more about Consumer ProposalsBankruptcy
Bankruptcy is a legal way to clear most of your debts if you can’t pay them back. It gives you a fresh start, but it can also hurt your credit score for several years.
Find out more about Bankruptcy
*Illustration of Gibbons, Alberta
Debt Data
This table includes estimates on the number of residents who are experiencing financial stress situations. You are not alone.
| Item | Description | Estimated |
|---|---|---|
| Living paycheck to paycheck | Number of residents who are living paycheck to paycheck | 1,512 |
| Living in poverty | Number of residents who are living in poverty | 357 |
| Debt defaulted | Number of residents who have defaulted on a debt payment | 35 |
| Insolvencies | Number of residents who filed for insolvency | 8 |
| Consumer proposal | Number of residents who filed for a consumer proposal | 6 |
| Personal bankruptcy | Number of residents who filed for personal bankruptcy | 2 |
The estimates above are based on the following ratios living paycheck to paycheck rate (47%), poverty rate (11.1%), delinquency rate (1.09%), insolvency rate (0.25%), consumer proposal rate (0.19%), personal bankruptcy rate (.06%) from the following sources leger360.com, statcan.gc.ca, consumer.equifax.ca and is, d-isde.canada.ca.
Elimiate up to 80% of Your Debt
High cost of gas, high cost of groceries, high lending rates, low salary - being in debt is not your fault! See if you qualify for government debt programs and get out of debt today!
Areas / Neighbourhoods
Downtown Gibbons
The heart of the community, downtown Gibbons is known for its charming small-town atmosphere. Here, residents can find local shops, cafes, and the Town Hall, making it a central hub for social gatherings and events.Gibbons Park
A serene green space, Gibbons Park offers walking trails, picnic areas, and playgrounds, making it a favorite spot for families and nature lovers. It often hosts community events and recreational activities throughout the year.Hickory Estates
This residential neighborhood features larger homes and spacious lots, attracting families seeking a peaceful suburban lifestyle. Its proximity to local amenities and schools makes it a desirable area for newcomers.Riverbend Estates
Known for its scenic views of the nearby river, Riverbend Estates is characterized by its quiet streets and diverse housing options. Residents enjoy access to outdoor activities such as fishing and hiking along the riverbank.Maple Creek
A newer development in Gibbons, Maple Creek is designed with modern homes and family-friendly amenities. It offers parks and playgrounds, making it ideal for young families looking for a vibrant community atmosphere.Gibbons Lake
Located just a short drive from the town center, Gibbons Lake is a popular recreational area for boating, fishing, and picnicking. It serves as a picturesque retreat for residents and visitors alike, especially during the summer months.

Illustration of Gibbons, Alberta, Canada
Cost of Living
This table provides a breakdown of various average cost-of-living expenses in Gibbons, Canada to help understand the financial requirements for different living situations.
| Item | Description | Average Cost |
|---|---|---|
| Housing (1BR) | Monthly rent for a 1-bedroom apartment | $1,550 |
| Housing (2BR) | Monthly rent for a 2-bedroom apartment | $1,900 |
| Average Home Price | Average price to purchase a home | $507,000 |
| Utilities | Monthly cost for electricity, heating, water, and garbage | $230 |
| Food (Single) | Monthly grocery cost for a single person | $350 |
| Food (Family) | Monthly grocery cost for a family of four | $1,000 |
| Healthcare (Rx) | Monthly cost for prescription medications | $35 |
| Healthcare (Dental) | Monthly cost for dental care | $200 |
| Healthcare (Vision) | Monthly cost for vision care | $225 |
| Transportation (Public) | Monthly cost for public transit | $1,550 |
| Transportation (Car) | Monthly cost for car ownership | $650 |
| Childcare (Daycare) | Monthly cost for daycare | $1,200 |
| Childcare (After-School) | Monthly cost for after-school programs | $400 |
The cost of living data is based on provincial averages and may differ between cities, towns, and rural areas.
Top Questions
- What is the average cost of living in Gibbons, Alberta?
- How does the housing market in Gibbons compare to nearby cities?
- What are the primary sources of employment and income in Gibbons?
- Are there any financial assistance programs available for residents in Gibbons?
- What are the average household incomes in Gibbons, Alberta?
- How do utilities and other essential living expenses in Gibbons impact monthly budgets?
- What is the economic outlook for Gibbons in the next few years?
If you have a question about debt see our debt related question or ask your own debt related question.
Overview
Located just a short drive from Edmonton, this small town in Alberta has a population of approximately 3,290 residents as of 2024. Characterized by its friendly community and family-oriented atmosphere, the area features a blend of natural landscapes and access to recreational activities, making it appealing for outdoor enthusiasts. The demographics show that over half of the population falls within the working-age group, providing a robust labor pool. The economy benefits from Alberta’s overall growth, with opportunities in various sectors, including energy and healthcare, contributing to local employment and community development. With a strong emphasis on families, the town continues to attract new residents, fostering a sense of belonging and community spirit.
Eliminate up to 80% of Your Debt
High cost of gas, high cost of groceries, high lending rates, low salary - being in debt is not your fault! See if you qualify for government debt programs and get out of debt today!