ThereB次元官网网址檚 prosperity in diversity, or at least money to be made.
No, thatB次元官网网址檚 not a line from the CapitalistB次元官网网址檚 Handbook on Multiculturism, more like the executive summary of Rich Island, Poor Island: Why They Drive Nicer Cars in Greater Victoria.
There is a sharp economic divide on Vancouver Island between the haves and the have-nots, at least in terms of the size of their paycheques.
The haves are huddled comfortably in the suburbs around Greater Victoria. Their less-wealthy cousins are carving out a living in the resource-based communities to the north and west.
According to statistics compiled by Island Health, three Island sub-regions have a median household income level above the B.C. median of $75,797.
Two of those areas B次元官网网址 Sooke and the Western Communities at $84,394 and the Saanich Peninsula at $90,154 B次元官网网址 have incomes that are significantly higher.
That contrasts sharply with Alberni-Tofino-Ucluelet, which has a median income of $58,856 and Cowichan Lake, which is even lower at $56,338.
The numbers date back to 2011 and the most recent census.
While raw incomes have likely climbed in the interim, the gaps between the communities are likely still very similar, according to Susan Mowbray, lead author of the
The reason is pretty simple. Income is a reflection of jobs, and communities that offer jobs in a variety of fields are less susceptible to the ups and downs of the economy. And while the economy has improved for forestry and tourism, it hasn't improved enough.
B次元官网网址淭he economy around Victoria is very different than the rest of the Island. Beyond Nanaimo lacks diversity,B次元官网网址 Mowbray said. B次元官网网址淭he more diversified your economy is, the better.B次元官网网址
Beyond the obvious jobs created directly and indirectly by government, Greater Victoria also offers a healthy tech industry, a Canadian forces base, two large hospitals and a major university.
Institutions like major hospitals, universities and military bases wonB次元官网网址檛 make a local economy boom, but they are great stabilizers.
B次元官网网址淭he new hospitals in the north Island mean they wonB次元官网网址檛 drop below a certain level,B次元官网网址 Mowbray said.
Contrast that with the West Coast, which is basically a two-horse town. One horse, tourism, doesnB次元官网网址檛 pay well, while the other, forestry, is not the job-generator it once was.
B次元官网网址淏ased on the work we did in 2014-15 (the most depressed economy) was the Alberni area,B次元官网网址 Mowbray said. B次元官网网址淚tB次元官网网址檚 so dependent on forestry and thereB次元官网网址檚 not a large opportunity to expand. ItB次元官网网址檚 looking at LNG, but there are a lot of obstacles.B次元官网网址
While comparing salaries makes for good coffee table conversation, Mowbray points out it should not be misconstrued as being synonymous with wealth.
B次元官网网址淚ncome, in general, is a terrible indicator of wealth. A group that has low income may have wealth.B次元官网网址
ThatB次元官网网址檚 exactly what is happening in our golden-age capital of Parksville-Qualicum, which ranks low on the income scale, but also scores very well in poverty indictors like social assistance and unemployment.
Sooke and Saanich again ranked the best in those areas, with rural north Island communities joining the West Coast and Cowichan Lake at the opposite end of that scale.
Nearly half the households in Sooke and Saanich report incomes of more than $80,000. Meanwhile, one in five households in Lake Cowichan reported incomes of less than $20,000.
Mowbray said Vancouver Island can have some success in diversifying by attracting telecommuters, people who have built careers that allow them to work remotely and retirees. But overall, the region is doing well.
B次元官网网址淰ancouver Island is a relatively affluent region,B次元官网网址 she said.
Median household income by region
Saanich Peninsula $90,154
Sooke-Western Communities $84,394
Victoria-Esquimalt-Oak Bay $78,909
BC overall $75,797
Cowichan $74,049
Vancouver Island overall $73,358
Port Hardy-McNeill-Alice $70,687
Ladysmith-Chemainus $69,208
Comox Valley $68,371
Campbell River $67,933
Nanaimo $67,417
Tahsis-Zeballos-Gold River $65,593
Parksville-Qualicum $64,864
Alberni-Tofino-Ucluelet $58,856
Cowichan Lake $56,338