How much income do Kitchener-Waterloo households have?
- In 2015, the median total income of households in Kitchener-Waterloo was $77,229, a change of 1.4% from $76,137 in 2005(*3).
- In 2015, 24.9% of Kitchener-Waterloo households had $40,000 or less in disposable income.
How many Kitchener-Waterloo households are saving for the long-term?
- In 2015, 69.4% of households in Kitchener-Waterloo contributed to Registered Retirement Savings Plans (RRSPs), Registered Pension Plans (RPPs), or Tax-free Savings Accounts (TFSAs). In Ontario, 67.2% of households contributed to an account.
What does poverty look like in Kitchener-Waterloo?
• In 2015, 62,755 people in Kitchener-Waterloo or 12.2% lived in low income(*4)4 while in 2005, it was 9.8%.
• In 2015, the low-income rate for persons under 18 years of age was 15.3% compared to 11.5% for persons aged 18 to 64 and 10.4% for persons 65 and over.
3 Dollar amounts have been inflated where necessary to 2015 constant dollars using the consumer price index.
4 Low-income status is determined based on low-income measure, after-tax (LIM-AT). For a one-person household, the LIM-AT was $22,460 in 2015. For larger households, this amount was adjusted upward by multiplying it by the square root of household size. Persons in a private household with after-tax income below this threshold were considered low income.