Median Incomes in Cranbrook Rose by 21.8% From 2005-2015: Stats Canada

The latest batch of data from the 2016 census is giving insights into income levels across the country.

According to Stats Canada, British Columbian families earned a median household income of $69,995 in 2015.

Province-wide, that represents a 12.2% increase from 2005.

Across the country, the median household income grew from $63,457 to $70,366 - an increase of 10.8%. 

BC now has the seventh highest income levels in Canada, down from sixth place in 2005.

Stats Canada says employment increases in utilities, health care and social assistance, forestry, and construction helped to drive up the provinces numbers, while manufacturing and agriculture slowed BC's growth.

While the report does not give a dollar amount for median incomes in the Key City, it says Cranbrook residents earned 21.8% more than they did a decade prior to the survey.

This means income levels in Cranbrook grew at nearly twice the provincial rate.

However, Stats Canada also recently reported that the Kootenays have the highest unemployment rate in BC.

Other findings from the latest census release includes:

  • Manufacturing and agriculture saw the largest declines in employment between 2005 and 2015 at -22% and -14% respectively
  • Dawson Creek saw the largest income growth rate in BC at 31.6%
  • 17% of children 17 years or younger live in low-income households
  • 32% of married or common-law couples earned approximately the same income

- David Opinko / with files from Stats Canada

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