For young people looking to earn a solid income in a place where their money goes farther, they’d do well to consider Regina. Or any Saskatchewan city for that matter.
This is one of the findings of a detailed report on income levels prepared by the Vancouver-based Fraser institute. The work, which is a Saskatchewan economic developers dream story, looked at median income levels – that’s the mid-point where half of the population is above and half is below the mark.
Regina stood number four in the country behind Ottawa, Edmonton and Calgary. Saskatoon placed 12th on the list but the institute says all census areas in Saskatchewan and Alberta did well – placing the top third nationally.
And, of course, we know that housing costs are lower here than in many places so this province offers the best of both worlds: lower expenses with higher incomes.
One further element of the research looks at capital cities across the country. Ottawa-Gatineau ranks first for median income levels. Edmonton is second and Regina third, roughly $6,000 a year higher than either Toronto or Victoria.