2011 Municipal Study - City of Brantford

Municipal Study 2011SECTION 2: Socio-Economic FactorsThis section of the report includes information on population changes land area, density, householdincomes, age demographics, assessment information, age and condition of private dwellings andbuilding permit activity to assist in understanding some of the basic facts about each municipality andthe overall growth patterns. The executive summary includes excerpts of the socio-economic factors.Population GrowthAs shown in the table, the GTA municipalities experiencedthe largest population growth from 2006-2010.2006 - 2010 Population % Growth byLocation2006-2010LocationGrowthHousehold IncomePersonal income is one measure of a community’s ability to pay. A higher gross household incomewill usually mean a lower dependency on governmental services, recreation, and social assistance.Also, credit rating firms use household income as an important measure of a municipality’s ability torepay debt.GTA 15.3%Simcoe/Muskoka/Dufferin 6.8%Southwest 5.7%Eastern 4.6%Niagara/Hamilton 3.9%North 1.9% 8%Survey Average 7.5%As shown below, the 2011 average household income across the 84 Ontariomunicipalities was $87,280. The average household incomes vary by geographic locations.2011 Average Household IncomeTotal survey average2011 Est. Avg.HouseholdIncomeEastern $ 70,352North $ 71,099Simcoe/Musk./Duff. $ 74,783Niagara/Hamilton $ 79,417Southwest $ 80,777GTA $ 114,362Survey Average $ 87,280Median $ 80,078Minimum $ 58,314Maximum $ 184,519Executive Summary2