Issue 16-136: Income
July 14, 2016
The median after-tax income for all types of households (including both economic families of two or more persons and unattached individuals) in British Columbia was $54,600 (2014 constant dollars, includes government transfers) in 2014. B.C. ranked fifth (joint with Manitoba) among the provinces, just below the national average of $55,600. Three provinces had median after-tax income above the national average of $53,000: Alberta, Saskatchewan, and Ontario.
In British Columbia, families of two persons or more had a median income of $77,100 while unattached individuals had a median income of $29,700. Within families of two persons or more, the median incomes of elderly families and non-elderly families came in at $55,100 and $84,500, respectively.
The median after-tax income for two parent families with children was $97,600 in 2014 while lone-parent family income sat at $43,000.
According to the after-tax low-income measure (LIM-AT) 603,000 British Columbians, or 13.4% of the B.C. population, lived in low income in 2014. The concept underlying the LIM-AT is that a household has low income if its income is less than half of the median income of all households. Across Canada, 4.5 million people (13.0% of the population) lived in low income.
For B.C. children aged 17 and under, 15.3% lived in low income in 2014; however, their situations vary depending on their family structure. For children living in two parent families, the incidence was 11.1%, while for those living in lone-parent families headed by a female, the incidence was 47.0%.
For seniors living in an economic family in B.C., the incidence of low income was 6.8%, while for seniors living alone, the rate was 29.7%.
Data Source: Statistics Canada