The newest report by Statistics Canada was released last week and Calgary residents once again had the highest household income when compared to the other major cities in the country. There was one interesting trend, however, that was different. The statistics showed that single people in the city are the wealthiest but becoming poorer while the families are also the richest and are becoming richer. In basic terms, the income levels for singles and families are heading in different directions.
Families in Calgary had a $98,300 median income during 2012. When compared to the other 33 major metropolitan centres in Canada, Calgary's families were the richest. As well, Calgarian families also saw a 3.7% increase in their incomes when compared to their income levels in 2011. This was the highest increase in the country.
Singles also had the highest Canadian median income at $35,910. This was, however, a decrease of 1.3% when compared to the income they made a year earlier.
Statistics Canada considers a single person to be an adult without a child or children living in the residence. A family is defined as a married couple or a couple that is living common-law with or without children that live at home. A single parent is also considered to be a family unit if there is one child or more living in the home.
Here are the median averages provided by Statistics Canada for some of the major metropolitan cities across Canada:
- Calgary - $35,910
- Edmonton - $35,850
- Vancouver - $25,800
- Toronto - $24,900
- Calgary - $98,300
- Edmonton - $96,030
- Toronto - $71,210
- Vancouver - $71,140
In Canada, the median family income on a national level was $74,540 while the median income for singles was $26,570. While the income level for singles in Calgary decreased by 1.3%, the income levels for singles in Vancouver, Toronto and Edmonton all increased on a year-over-year basis.