Annual median earnings for males in Kelowna is $48,000, ladies $36,800

Depending on which way you look at it, how much money people make in Kelowna is either distressing or encouraging.

Figures from the 2021 Statistics Canada Census released by the Central Okanagan Economic Development this week pegs the median annual income of a man in the region at $48,000, a woman at $36,800.

Initial reactions may range from: ‘Well, that’s not much’ and ‘That’s not fair’ to ‘That sounds about right’ or ‘It’s in keeping with provincial and national numbers.’

$48,000 or $36,800 doesn’t sound like much when you consider how expensive Kelowna is with lofty home prices and rents and skyrocketing inflation making everything from gas and transportation to groceries and home heating and cooling cost more.

“Median income is not necessarily a reflection of wealth,” said Krista Mallory, manager of the commission.

“Median income is derived from T4 statements filed by anyone aged 15-plus who has an income in the Central Okanagan. So, there are teenagers and people who work part-time, those on government support, retirees on a fixed income and retiree who may have lots of savings but are only drawing what they need, which may be much less than when they were working.”

Of course, the annual median also includes those working full-time.

</who>Krista Mallory is the manager of the Central Okanagan Economic Development Commission.” class=”img-responsive”  data-src=”https://www.kelownanow.com/files/files/images/Krista%20Mallory(8).jpg” style =”margin: 5px;”/></p>
<p>“Median is just that — median,” said Mallory.</p>
<p>“It means many people will earn more than the median and many people less.”</p>
<p>The $48,000 annual median for men is 13.4% more than it was five years ago, the $36,800 for women up 27.5%.</p>
<p>“It shows both men and women are making more and there’s been some progress on equality, but there’s still a way to go,” said Mallory.</p>
<p><img decoding=

Support local journalism by clicking here to make a one-time contribution or by subscribing for a small monthly fee. We appreciate your consideration and any contribution you can provide.

Comments are closed.