Median After-Tax Household Income by Family Type
Median After-Tax Household Income by Municipality
Median Employment Income by Sex
The median income is the amount that divides the income distribution into two halves, i.e. half will have an income below the median and half will have an income above the median. When interpreting changes in median income over time, keep in mind that a number of factors can impact household median income including, but not limited to, the economy, employment, population aging, changing household structure, investment income returns, and changes in government transfers.
Adjusting for inflation, the median after-tax household income grew 10.2% in the District of Muskoka, 6.0% in Simcoe County, and 5.9% in Ontario between 2005 and 2015.
Median After-Tax Household Income by Family Type
As seen in the graph below, median after-tax household income was highest for couple economic families with children and lowest for lone-parent economic families. Couple economic families with children represented 59,830 families in Simcoe County and 6,205 families in Muskoka while lone-parent economic families represented 20,955 families in Simcoe County and 2,270 families in Muskoka in 2015. When calculating the median after-tax household income, Statistics Canada includes income sources of all household members, which may be a factor in why couple economic families with children had the highest median income. The average family size for couple economic families with children was four, 2.6 for lone-parent economic families, and two for couple economic families without children or other relatives.
Median After-Tax Household Income by Municipality
In Simcoe County, Adjala-Tosorontio had the highest median after-tax household income with $85,504 while Midland had the lowest median after-tax household income with $49,812. The municipality with the highest growth in median income in Simcoe County was Oro-Medonte which grew 19% from $69,500 in 2005 to $82,439 in 2015 (inflation-adjusted to 2015 dollars).
Median after-tax household income for municipalities in the District of Muskoka ranged from $66,272 in Muskoka Lakes to $47,232 in Moose Point 79. The highest growth in income from 2005 to 2015 out of all municipalities in Simcoe Muskoka was Georgian Bay which grew 34% from $44,800 in 2005 to $59,981 in 2015 (adjusted for inflation to 2015 dollars).
Median Employment Income by Sex
Income can come from a variety of sources including employment (i.e. wages, salaries or commissions from paid or self-employment), government transfers (e.g. government-funded pensions, disability benefits, social assistance, tax credits, child benefits), and other market sources (e.g. investment income, private retirement pensions, RRSPs). In Simcoe Muskoka, 87.2% of the population aged 15 years and older received income from employment and other market sources, 71.4% received income from employment, and 69.8% received income from government transfers. The median amount received from government transfers was $6,082 in Simcoe County and $8,304 in Muskoka District while median employment income was $33,123 in Simcoe County and $26,918 in Muskoka District in 2015.
With respect to median employment income and sex, there are two trends to note in the graph below. First, females appear to have a lower median employment income than males in 2005 and 2015 in each geographical area. As well, the percentage of persons aged 15 years or older with employment income was lower for females than males. For example, 76% of males in Simcoe County and 73% of males in the District of Muskoka had employment income, whereas 68% of females in Simcoe County and 64% of females in the District of Muskoka had employment income.
Second, median employment income had decreased slightly for males and increased slightly for females between 2005 and 2015. In Simcoe County, the median employment income for all males aged 15 years and older decreased by approximately 9% while the median employment income for females in the same age category increased by 6%. A similar trend was found in the District of Muskoka. The median employment income for males decreased by approximately 5% while female median employment income increased by 3%.
Analysis note: Statistics Canada uses the “All-items” Consumer Price Index to calculate inflation (CANSIM Table 326-0021). All 2005 reported incomes were multiplied by 126.6/107.0 to convert into 2015 dollars.