The average household income in West Vancouver, BC is one of the highest in Metro Vancouver. This is the result of a number of factors, such as the booming business industry in the area, the high price of housing, and the proximity of jobs to the North Shore.
North Shore households have among the highest incomes in Metro Vancouver
The North Shore of Vancouver has among the highest incomes in Metro Vancouver. But it also has some pockets of poverty. And its 10-year growth projections show it will have a slower growth rate than the rest of the region.
As a result, it has a high number of households earning less than $30,000. This means that a family of four in the north shore is earning more than half of the national median income.
In fact, the average household income in the North Shore is nearly identical to the income of the average family in the rest of the metro area. While this may seem like a good thing, it doesn’t come close to the cost of housing.
For example, the average home sale price in the District of West Vancouver increased by 26 per cent between 2013 and 2019, while the City of North Vancouver increased by 54 per cent. These disparities are part of the reason that the North Shore has the largest number of lone parent families. However, couples with children are also more likely to be facing housing unaffordability than other types of family.
According to Statistics Canada, 47% of North Shore residents aged 25 to 64 hold a bachelor degree or higher. This is one of the highest percentages of young people in the province.
Most occupations in the north shore are concentrated in the arts and recreation, management, and sports. These are fields that are growing in demand.
In addition, North Shore residents are able to receive pandemic CERB benefits. These benefits are designed to encourage healthy behaviours. Such behaviours include exercising moderately, limiting harmful alcohol consumption, and avoiding smoking.
Despite the wealth of opportunities available in the north shore, many people are struggling to afford living there. That’s because housing costs are high. Approximately 9790 households in the district spend more than 30 per cent of their pre-tax income on shelter. It’s a problem that’s posing a threat to homelessness.
A lack of affordable housing options can also cause congestion on the North Shore. During the last census, 44 individuals were found homeless on the North Shore.
School district 45 is the most sought after job title in West Vancouver
A look at the census estimates for the district reveals that West Vancouver had a population of 44,122 at the time of the 2021 census. Those lucky enough to call this part of the Lower Mainland home are treated to views of the Pacific and a plethora of green spaces. It’s not all glitz and glamour though. The city has a number of funky neighborhoods, ranging from the enclave of Kitsilano to the quaint burg of Horseshoe Bay. Not to mention the many miles of beach. While West Vancouver isn’t exactly a metropolis, it’s still a good place to be. Some of the best schools in the country are located here.
West Vancouver also boasts some of Canada’s sexiest parks, some of which are open to the public. One of the most popular is Lighthouse Park. Other perks include the Park Royal Shopping Centre and an excellent public golf course. There’s no shortage of things to do and see, whether you’re a seasoned resident or visiting the ‘burbs for the first time.
School District 45 is no different, and is a great place to work. From the aforementioned to the more mundane, the staff is a friendly and helpful bunch. In fact, the majority of employees are in their first jobs. Whether you’re a newbie or a seasoned veteran, you’ll find a home at a West Vancouver school. Make sure to take advantage of all the resources available to you, as well as the perks mentioned above. To find out more, enquire at your local school board today. You’ll be glad you did! Besides, you’ll be well rewarded for it. After all, your hard work deserves a hefty paycheque!
Cost of living in West Vancouver
Vancouver is one of Canada’s most expensive cities. However, it’s also a great place to live. The city is clean and safe, and offers a wide variety of attractions.
You don’t have to live in the city centre to have an enjoyable life in Vancouver. If you’re looking for a low-cost, comfortable lifestyle, the suburbs are a good bet.
West Vancouver has many beautiful homes, including those with scenic views of the lower mainland and Vancouver Island. It’s also home to the Horseshoe Bay ferry terminal, one of the main connecting hubs in British Columbia.
Many people choose Vancouver for its culture, job opportunities, and great amenities. However, if you’re planning on living here, you’ll want to make sure you have enough money each month to cover all your expenses.
In terms of food and drink, the cost of a beer bottle in Vancouver ranges from $5 to $8. A simple coffee from a terrace can cost $40.
You can also get a gym membership for $75 a month, but you’ll have to spend an additional $125 a month for other amenities. For a family of four, the monthly cost of living in Vancouver is estimated to be $3250.
Rent can vary a lot in Vancouver, depending on where you’re living. If you’re in the downtown area, you’ll pay more. While you can find a condo for under a hundred thousand dollars, it’s unlikely you’ll find a detached house for less than a million.
As with any other city, the cost of living in Vancouver is going to depend on how much you’re willing to spend. Getting a new car is expensive, too. Buying groceries is also a challenge.
Other expenses include utilities and entertainment. Depending on where you live, the cost of utilities can be a big deal. Gas and electricity are costly, and mobile phone plans can add up.
Besides, a new vehicle in Vancouver will cost you just over $29,000. There are plenty of free sports, and you’ll also be able to practice yoga, paddleboarding, and CrossFit.
Vancouver is a great city, but if you can’t afford it, it might not be for you.
Cost of living in Vancouver vs outside of the city
Vancouver is one of the most expensive cities to live in in North America. The average cost of living in the city is over $3000 per month. You’ll need a solid income to be able to afford living in this beautiful and cosmopolitan city.
Although Vancouver is an expensive city to live in, the amenities it offers make it a great place to live. You’ll be surrounded by mountains, beaches and parks, and it has a mild climate by Canadian standards. It’s also home to six professional sports teams and many cultural events.
One of the best features of living in Vancouver is the access to nature. In fact, the city has over 3200 acres of parks. Moreover, Vancouver is a major port for importing and exporting Canadian goods. This makes it a major destination for visitors from around the world.
If you want to find the cheapest rental, you’ll want to look outside of the city. Generally, the prices for a three bedroom home in Burnaby, Delta, or Port Moody are around $2000 a month.
For a two-bedroom apartment, you can expect to pay between $1500 and $2100. Most apartments in Vancouver come with a 12-month lease.
Food costs can be high, especially if you’re on a budget. A bottle of beer can range from $5 to $8. Tickets to local sports games can cost about $12-15.
Transportation can be quite expensive, too. Your monthly bill will include gas, heating, water, and internet, and you can also get a mobile phone plan for $75.
Vancouver has many cultural attractions, including a diverse mix of foods. The city is home to a number of TV shows and movie productions. However, its crime rate is higher than other Canadian cities. Compared with other metropolitan areas, it is relatively safe, but it does have its share of poor neighborhoods.
As with any other large city, you’ll need to balance the price of living with the quality of life. The Economist Intelligence Unit ranks Vancouver at the top of its list for well-living cities for ten consecutive years.
Among many other things, David A. Grantham is a contributing author to UmassExtension West Vancouver Blo. He is a renowned expert on real estate in BC.
Born in North Vancouver, Louisiana, Dr. Grantham grew up in Lower Lonsdale. He then went on to complete his business degree at the University British Columbia. As of this writing, Grantham has completed over 100 projects, including the development of a high rise building in Vancouver.
He is a husband, father, son, brother, and friend. He was a dedicated outdoorsman and enjoyed sports such as hunting, fishing, scuba diving, and snow skiing. His wife, Alison Grantham, and their two daughters survived him. He is survived by his wife Alison Martin Grantham and two daughters.