Parkwoods, ON Employment - Median Household Income, Unemployment Rate

B-

5%

Household income NAT. AVG.

16%

Unemployment NAT. AVG.

0%

In labour force NAT. AVG.

Index	Parkwoods	Toronto	Ontario
Median household income	$78,427	$81,376	$87,353
Unemployment rate	5.4%	4.8%	4.2%
In labour force	63.8%	65.5%	61.7%

Key findings

The median household income in Parkwoods is 5% lower than the national average
The unemployment rate in Parkwoods is 16% lower than the national average
In Parkwoods 7.7% of people earn $20,000 or less
In Parkwoods 11.2% of people earn between $80,000 and $100,000
In Parkwoods 2.5% 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.

Parkwoods median earnings by income bracket

Parkwoods employment by industry

Labour Type	Percent
Construction industry	3.5%
Manufacturing sector	4.5%
Financial & insurance services	4.7%
Wholesale & retail services	8.5%
Public administration	2.3%
Transportation, warehousing & utilities	2.8%
Education, health & social services	11.5%
Other	23.5%

Nearby cities with high median household income

City	Population	Household Income	National Avg.
Vaughan, ON	321,974	$124,187	50.6%
Pickering, ON	96,267	$115,170	39.7%
Ajax, ON	138,303	$110,972	34.6%
Markham, ON	359,111	$102,035	23.8%
Richmond Hill, ON	215,407	$101,827	23.5%
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 Parkwoods, Toronto, ON data and statistics displayed above are derived from Statistics Canada and updated for 2021 by Environics Analytics.

Parkwoods, Toronto, ON Employment