Alderwood is characterised by its diverse community, welcoming residents of different backgrounds. From families to young professionals and retirees, the neighbourhood's inclusive culture is a testament to its vibrant social fabric.
Alderwood stands out in terms of income diversity. The median household income here surpasses the national average by a significant 27%, showcasing a relatively prosperous community. Moreover, the neighbourhood boasts an unemployment rate that is notably 29% lower than the national average, indicating a healthy job market.
Index |
Alderwood |
Toronto |
Ontario |
Median household income |
$104,969 |
$81,376 |
$87,353 |
Unemployment rate |
4.6% |
4.8% |
4.2% |
In labour force |
68.7% |
65.5% |
61.7% |
Breaking down income distribution in Alderwood reveals a varied landscape. A segment of 4.3% of residents earns $20,000 or less, highlighting a modest-income group. In contrast, 10.8% fall within the $80,000 to $100,000 income range, signifying a substantial middle-income bracket. Notably, 3.4% of residents earn $300,000 or more, indicating a segment of higher-earning professionals.
This blend of income levels underscores Alderwood's economic diversity and inclusivity, where individuals and families from various income backgrounds come together to create a dynamic and harmonious community.
Speak English only |
90.1% |
Speak French only |
0.1% |