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Cold Lake Fourth Highest Earning City in Canada

While the oil crash certainly did a number on the city of Cold Lake, the 2016 census says residents there are still bringing in the bacon in huge numbers.

In fact, the data shows Cold Lake to have fourth highest median income in all of Canada, behind only Wood Buffalo (Fort McMurray), Yellowknife and Okotoks. The median Cold Laker took home 110,575 dollars before tax in 2015.

Alberta in general continues to be where all the money is. Seven of the ten highest earning cities in Canada are in the province and Alberta continues to have the highest median income of all ten provinces and is only topped by Nunavut and the Northwest Territories.

However, Cold Lake has the third highest gender pay gap in alberta, behind only Wood Buffalo and Fort Saskatchewan. Women made 46.63 per cent of what men made in 2015.

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Overall, the Canadian median household income grew from $63,457 in 2005 to $70,336 in 2015.

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