Colwood Lake, BC Employment - Median Household Income, Unemployment Rate

A+

44%

Household income NAT. AVG.

58%

Unemployment NAT. AVG.

14%

In labour force NAT. AVG.

Index	Colwood Lake	Colwood	British Columbia
Median household income	$119,043	$108,189	$86,325
Unemployment rate	2.7%	2.5%	3.9%
In labour force	73.1%	65.8%	64.2%

Key findings

The median household income in Colwood Lake is 44% higher than the national average
The unemployment rate in Colwood Lake is 58% lower than the national average
In Colwood Lake 1.0% of people earn $20,000 or less
In Colwood Lake 15.0% of people earn between $80,000 and $100,000
In Colwood Lake 2.7% of people earn $300,000 or more

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am i middle class

$72,118 $108,189 $216,378

City

$57,544 $86,325 $172,650

State

$54,951 $82,436 $164,872

Nation

According to the PEW research center, the middle class is defined as a range from two thirds (2/3) of the median household income to a multiple of two (2) times the median household income. Displayed above are the city, state and national median household income averages. Simply enter your median household income to determine if your income falls into the middle class or if your household income is considered upper or lower class.

Colwood Lake median earnings by income bracket

Colwood Lake employment by industry

Labour Type	Percent
Construction industry	8.2%
Manufacturing sector	3.3%
Financial & insurance services	2.0%
Wholesale & retail services	13.0%
Public administration	12.2%
Transportation, warehousing & utilities	4.4%
Education, health & social services	12.6%
Other	15.9%

Nearby cities with high median household income

City	Population	Household Income	National Avg.
North Saanich, BC	11,587	$133,183	61.6%
Highlands, BC	2,398	$125,122	51.8%
Oak Bay, BC	18,885	$120,046	45.6%
Central Saanich, BC	18,572	$108,379	31.5%
Metchosin, BC	4,998	$103,781	25.9%
Colwood, BC	19,837	$108,189	31.2%

Cities with similar population

City	Population	Household Income	National Avg.
Hunters Creek, FL	19,833	n/a
Norwood, OH	19,843	n/a
Belle Glade, FL	19,829	n/a
Alamo, TX	19,851	n/a
Painesville, OH	19,817	n/a
Colwood, BC	19,837	$108,189	31.2%

Source: The Colwood Lake, Colwood, BC data and statistics displayed above are derived from Statistics Canada and updated for 2021 by Environics Analytics.

Colwood Lake, Colwood, BC Employment