Local incomes down – Metro US

Local incomes down

The latest census data suggests the average family in the Toronto area has a little less in its wallets than it did the last time Statistics Canada asked people about how much money they make.

New information from the 2006 census released yesterday indicates the median income for families in and around Toronto was $75,829 — a decrease from the 2001 census, when it was $77,693 when adjusted for inflation.

The 2.4 per cent decrease compares with a national increase in income of 3.7 per cent and a provincial increase of 1.4 per cent.

Men in the Toronto region typically earned $51,235 compared with $41,284 for women — meaning women made on average only 81 per cent of what men earned. Five years earlier, the gap was 78 per cent in favour of men.