Statistics Canada recent census release indicates strong growth in income levels across Halton since 2010, with the median household income increasing 12 per cent from $91,955 to $103,009 – a total increase of $11,054. The rate of income growth is comparable to the provincial rate of 12 per cent, but slightly below the national average of 15 per cent. After adjusting for inflation, Halton households still came out ahead, with median household income levels 39 per cent and 47 per cent higher than Ontario and Canada, respectively. Halton’s highly skilled labour force and low unemployment levels are undoubtedly contributing to these sizable differences.
The proportion of Halton households with median earnings over $100,000 increased from 45 per cent to 52 per cent since the last census, while household incomes under $40,000 decreased from 17 per cent to 14 per cent. Halton has a low rate of persons in low income at 8.2 per cent of the population based on Statistics Canada low-income measure after tax, which is lower than the Ontario and Canadian rates of 14.4 per cent and 14.2 per cent, respectively.
Oakville remains the wealthiest with a median household income of $113,666, followed by Halton Hills ($106,349), Milton ($104,730) and Burlington ($93,588). Five-year growth rates were led by Burlington and Halton Hills with 13 per cent increases, followed by 12 per cent in Oakville and nine per cent in Milton.
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