What are the median and average incomes in Canada? What is the typical income of someone in his or her 30s? How much do Canadians make relative to other countries? This page will answer those kinds of questions 🙂
Generic Median and Average Income Statistics
- Data from the 2011 National Household Survey (NHS) show that more than 95% of the approximately 27.3 million Canadians aged 15 and over received some form of income in 2010, totaling $1.1 trillion.
- In 2010, Canadians paid 16.4% of their total income in income taxes, leaving 83.6% of total income as after-tax income. Overall, 63.7% of the population aged 15 and over reported income taxes.
- The highest income in Canada is found in the area around Fort McMurray, Alberta, where median family income is $186,782. Source
- Average: The sum of all the data divided by how many entries there are.
- Median: The middle mark in a series, where half the population has more, and the other half has less.
Women Made 85% as much as Men in Canada during 2010. Source.
Top 20 Countries with the highest Average Income Per Person. Source: cia.gov/library/publications/the-world-factbook/rankorder/2004rank.html
3 Decade Comparison of Income per Person in 7 Countries. Source via Google.
Income Inequality in Developed Nations. Source.
How the Average Income Level in a Country Relates to Its Other Measures of Well-Being. Source.
- 42% of the global income goes to the top 10% of the world’s richest population. Meanwhile, 1% of the world’s income is shared by the poorest 10%.
- Countries with very high inequality are in South America and southern Africa. Low inequality exists mostly in Europe. Canada and the U.S. have medium income inequality.
High-Level Income Statistics
- The top 10% of all earners in Canada made $80,400 or more in 2010. Source
- To be in the top 1% in Canada, you needed an income of $201,000. People in this group earn 11% of the total national income, but they pay about 21% of federal and provincial taxes. Most of them (92%) live in just 4 provinces: ON, AB, QC, BC (2010) Source
- The 0.1% richest Canadians make at least $685,000 (2010)
- The top 0.01% (1 in every 10,000) makes $2,570,000 or more (2010) Source
- To be in the top 10% in the United States, you need an income of $82,500 a year. (2010) Source
- To be in the top 1% in the US you need an income of $370,000 Source
- 6.6% of Americans had incomes exceeding $100,000 in 2010
- Stephen Harper makes $315,000 a year as prime minister.
- Barack Obama makes $400,000 as president.
Income By Age
Average Canadian Income Per Person, by Age Group in 2008. Source.
American Earnings by Age Group.
Median Full-Time Gross Weekly Earnings in the UK during 2012. Source.
Further references and resources: