What is the median net worth of Canadians by age, province and major city?
Asked & delivered! Here is the median net worth of Canadians by age, province and major city…
Here is the MEDIAN of a Canadian’s net worth, not an average.
The average Canadian net worth breakdown can be found here, but they are averages, so not very indicative of what the middle would be, and a realistic net worth.
Median Net Worth by Province
The numbers are much lower than the average net worth, about HALF of the original average number.
..and to be honest, they sound a lot more realistic.
I was looking at the averages before, thinking: WHOA! wow..!
Saskatchewan and British Columbia are the only two provinces that in the 55 to 64 years age range, reaches almost $1 million.
Median net worth of the big cities in Canada
Vancouver is the only city to have a median net worth over $1 million from the range of 55 to 64 years.
Toronto, Québec City and Edmonton were the next three cities to reach $800,000 as a median net worth in the age range of 55 to 64 years.
Montréal, AGAIN.. surprises me, being so much bigger than Winnipeg, and yet our median net worth is about the same. Can’t figure this out.
We just can’t seem to save as much. I suspect one factor is that our cost of living is definitely a little higher than in Winnipeg.
Can’t get enough? I have all of my Canadian Net Worth Series posts here.