York Region household income jumps 17 per cent: census

YorkRegion.com
Sept. 29, 2017
Lisa Queen

The median household income in York Region has shot up almost 17 per cent in the last decade, putting the region in second place in the Greater Toronto and Hamilton Area, new Canada census numbers show.

The median household income was $95,776 in 2016, a 16.9 per cent increase over 2006, according to a regional planning report on the 2016 census.

Halton Region comes in first, with a median household income of $103,009, the only community above $100,000.

More than a quarter of York households have an income over $150,000 and five of the region’s nine municipalities are in the top 20 for highest incomes in Ontario.

King came in second with a median household income of $118,309, behind East Garafraxa west of Orangeville, at $$118,613.

Aurora is 10th with a median household income of $106,708, followed by Vaughan in 14th place at $105,351, East Gwillimbury in 17th place at $104,716 and Whitchurch-Stouffville in 19th place at $102,997.

Taking a look regionwide, in Georgina, the median household income is $81,695, a 24 per cent increase since 2006.

In East Gwillimbury it is $104,716, up 19.1 per cent; in Newmarket it is $95,589, up 17.1 per cent increase; in King it is $118,309, up 28.9 per cent; in Aurora it is $106,708, up 19.7 per cent increase; in Whitchurch-Stouffville it is $102,997, up 19.3 per cent; in Richmond Hill it is $88,353, up 11.9 per cent; in Vaughan it is $105,351, up 21.6 per cent; and in Markham it is $89,028, up 11.4 per cent.

Surprisingly, York Region’s median individual income is $32,994, an increase of 14.4 per cent since 2006, lower than Ontario’s $33,539, an increase of 23 per cent, and Canada’s $34,204, an increase of 33.5 per cent.

Since 2006, the consumer price index has grown faster than York’s median household, individual and employment income, meaning the price of goods is going up faster than people’s income to pay for them.

The index went up 20.2 per cent between 2006 and 2016, while York’s household income went up 16.9 per cent, individual income went up 14.4 per cent and employment income went up 11.6 per cent.