Tuesday, April 16, 2024

Here’s how much money you need to earn to be in the top 1% in Victoria

Share

Victoria has long been a prime destinations in British Columbia, and has a firm reputation for being one of Canada’s most charming cities.

Along with its beautiful scenery and great communities, Victoria has a thriving economy with a booming tech sector, a foundation of government work, and a plethora of infrastructure and construction projects.

Which means plenty of people make a fine living on this little island of ours.

Recently, The Huffington Post released a report on what it takes to be a part of the top 1% of earners in Canada’s 20 largest metropolitan areas.

Victoria slotted in at 11th place, with its top 1% earning at least $214,373 per year. The individual income required to be in the top 20%, a benchmark for “upper earning”, is $62,940 per year.

Assuming a 52-week work year, the top 1% of Victorians would gross roughly $103/hour, while the upper 20% would gross about $30/hour.

Here are the full results across the nation!

Canadian cities sorted by highest 1% earners

  1. Calgary: $451,609
  2. Toronto: $301,883
  3. Edmonton: $297,928
  4. St John’s: $256,918
  5. Vancouver: $246,266
  6. Ottawa*: $244,534 *(the Ontario region of Ottawa-Gatineau)
  7. Saskatoon: $240,932
  8. Hamilton, Ont.: $236,176
  9. Regina, Sask.: $232,623
  10. Montreal: $224,060
  11. Victoria, B.C.: $214,373
  12. Kitchener-Cambridge-Waterloo, Ont.: $214,098
  13. Oshawa, Ont.: $206,696
  14. Halifax: $204,622
  15. Winnipeg: $203,935
  16. London, Ont.: $203,743
  17. Windsor, Ont.: $200,561
  18. Quebec City: $189,121
  19. St Catharines-Niagara, Ont.: $177,591
  20. Sherbrooke, Que.: $172,069

Canadian cities sorted by highest 20% earners

  1. Calgary: $78,924
  2. Edmonton: $75,733
  3. Ottawa*: $74,488  *(the Ontario region of Ottawa-Gatineau)
  4. Regina, Sask.: $71,684
  5. Saskatoon: $68,683
  6. St John’s: $66,452
  7. Oshawa, Ont.: $66,207
  8. Hamilton, Ont.: $62,978
  9. Victoria, B.C.: $62,940
  10. Toronto: $61,665
  11. Kitchener-Cambridge-Waterloo: $61,419
  12. Halifax: $61,125
  13. Vancouver: $60,147
  14. Quebec City: $59,169
  15. Winnipeg: $58,631
  16. London, Ont.: $58,203
  17. Windsor, Ont.: $57,950
  18. Montreal: $56,348
  19. St Catharines-Niagara, Ont.: $53,393
  20. Sherbrooke, Que.: $51,413
Jeremy Weeres
Jeremy Weeres
Victoria Royals and hockey writer at Victoria Buzz

Read more

Latest Stories