Report 8 Summary

Distribution of Household Incomes in Metropolitan Vancouver: Estimates and Projections, September 2016 

This technical report documents the preparation of estimates and projections of the distribution of household incomes in Metropolitan Vancouver by age of household maintainer (to reflect life cycle purchasing patterns), household income (to reflect purchasing ability), and tenure (to reflect accommodation specific purchases) for the period 2010 to 2021. In the spirit of the scientific method, data sources are provided and assumptions made in the use of the data are stated so that readers can replicate the results presented in the report or develop their own. 

The estimates for the 2010 to 2014 period indicate that:

- the total dollar household income in the Vancouver CMA increased by 17 percent ($13.3 billion), the result of a 7 percent increase in the number of households and a 9 percent increase in average household income (from $84,540 to $92,400);

- the number of households with incomes under $100,000 increased slightly from 644,000 to 647,000, the result of a 3 percent decline in the number of households within incomes less than $50,000 and a 5 percent increase in the number with incomes in the $50,000 to $99,999 range; and 

- the number of households with incomes of $150,000 or more increased by 35 percent (from 108,600 to 148,300).

The results of the projections for 2014 to 2021 period indicate that:

- the total dollar household income in the Vancouver CMA will increase by 36 percent ($32.3 billion), the result of a 14 percent increase in the number of households and a 19 percent increase in average household income (from $92,400 in 2014 to $110,050;

- the number of households with incomes under $100,000 will decline slightly from 647,000 to 644,000, the result of a 6 percent decline in the number of households within incomes less than $50,000 and a 7 percent increase in the number with incomes in the $50,000 to $99,999 range; and

- the number of households with incomes of $150,000 or more will increase by 66 percent (from 148,280 to 245,810).

The report provides tables of annual estimated and projected number of households by $10,000 annual income groups to $100,000; $50,000 annual income groups to $250,000 and a $500,000 plus income group by 5 year age groups from under 25 to 75 plus years of age for owner-occupied and tenant households. 

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