Income

Income Characteristics

The South Okanagan has one of the highest percentage of persons on pensions and relying on investment income found anywhere in BC. This is due to the relatively high number of retirees as well as the nominal number of large-scale employers. There is a growing proportion of income from self-employment resulting from the growing demand to live in the Okanagan Valley and to bring or create a job based on acquired skills. These opportunities have been enhanced by advances in communications technology.

Median Income 2005

Category Greater Penticton Okanagan- Similkameen
Regional District		 British Columbia
Median Income all census families $53,875 $51,829 $62,345
Median Income Males 15+ 28,265 27,118 31,598
Median Income Females 15+ 19,268 18,145 19,997

Source: Statistics Canada, 2006 Census of Population

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Source of Total Income 2005

Penticton City Okanagan-Similkameen Regional District British Columbia
Category $ ,000 % of Total $ ,000 % of Total % of Total
Employment 522,210 56.1 1,065,016 53.4 65.9
Pension 204,967 22.0 464,593 23.3 12.5
Investment 82,996 8.9 187,166 9.4 8.6
Self-employed 43,597 4.7 101,830 5.1 6.0
Other 49,090 5.3 115,565 5.8 5.0
Tax exempt 27,408 3.0 60,286 3.0 2.0
Total 930,271 100.0 1,994,460 100.0 100.0

Statistics Canada, prepared by BC Stats, Oct 2007

Source: Statistics Canada, prepared by BC Stats, Oct 2007

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