Income Range Of Middle Class In Canada

For instance the richest 20 of alberta households earn an average income of 291 260 whereas new brunswick s top.

Income range of middle class in canada. We asked statistics canada to break down income distribution data from the 2016 census by metro area and they found some pretty remarkable differences from city to city. Saw its median annual income fall. The median income of the middle class as of 2016 was 78 442. The think tank defines the middle class as households that are earning two thirds to double the national median.

While the middle class incomes of canada and most western european countries continued to rise even during the deep global recession that began in 2009 the u s. While as of 2018 a little over half the population in america 52 is in a middle class income range according to pew reports from 2015 claimed that less than half of americans were. Cbc news top www cbc ca the organization for economic co operation and development oecd defines a member of the middle class as anyone who earns between 75 per cent and 200 per cent of median household income. Salaries in canada range from 30 200 cad per year minimum salary to 534 000 cad per year maximum average salary actual maximum is higher.

That s not just true for the middle class but across every income quintile. So a broad definition of the middle class in canada and bc would include those with family incomes between 40 000 and 125 000. Who is canada s middle class. The median income of the middle class by by household size.

This income range spans substantial differences in standards of living and levels of economic security. Let s take it one step deeper and look at various household sizes. Median salary the median salary is 112 000 cad per year which means that half 50 of the population are earning less than 112 000 cad while the other half are earning more than 112 000 cad.