Financial District, ON Employment - Median Household Income, Unemployment Rate

A+

119%

Household income NAT. AVG.

36%

Unemployment NAT. AVG.

36%

In labour force NAT. AVG.

Index	Financial District	Toronto	Ontario
Median household income	$180,560	$81,376	$87,353
Unemployment rate	4.1%	4.8%	4.2%
In labour force	86.8%	65.5%	61.7%

Key findings

The median household income in Financial District is 119% higher than the national average
The unemployment rate in Financial District is 36% lower than the national average
In Financial District 12.5% of people earn $20,000 or less
In Financial District 6.0% of people earn between $80,000 and $100,000
In Financial District 20.9% of people earn $300,000 or more

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am i middle class

$54,245 $81,376 $162,752

City

$58,229 $87,353 $174,706

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.

Financial District median earnings by income bracket

Financial District employment by industry

Labour Type	Percent
Construction industry	1.3%
Manufacturing sector	2.3%
Financial & insurance services	23.1%
Wholesale & retail services	7.3%
Public administration	1.4%
Transportation, warehousing & utilities	1.7%
Education, health & social services	13.4%
Other	35.1%

Nearby cities with high median household income

City	Population	Household Income	National Avg.
Vaughan, ON	321,974	$124,187	50.6%
Mississauga, ON	764,342	$94,663	14.8%
Toronto, ON	3,013,752	$81,376	1.3%

Cities with similar population

City	Population	Household Income	National Avg.
Chicago, IL	2,699,347	n/a
Houston, TX	2,313,238	n/a
Los Angeles, CA	3,973,278	n/a
Montréal, QC	1,811,008	$61,108	25.9%
Phoenix, AZ	1,658,422	n/a
Toronto, ON	3,013,752	$81,376	1.3%

Source: The Financial District, Toronto, ON data and statistics displayed above are derived from Statistics Canada and updated for 2021 by Environics Analytics.

Financial District, Toronto, ON Employment