When it comes to working in B.C., Kelowna’s not quite tops, but it’s not last either.
BC Business magazine compiled a list of Best Cities for Work in B.C., and ranked Kelowna No. 11 of 36.
Using six economic indicators, each weighted differently, magazine editors came up with an equation that they “believe reflects the health of a city’s job market.”
The first indicator is five year average household income growth, which shows Kelowna has seen 16 per cent growth from 2010 to 2015.
Next they show that the average household income in the city for 2015 being $87,555. The average household income for families under the age of 35 is $68,245.
Five year population growth was pegged at 6.8 per cent, and the unemployment rate —as of the September market survey—comes in at 5.7 per cent. Finally, the number of households with a university degree sits at 14.9 per cent.
All of these factors are weighted as per their equation and amount to Kelowna earning a score of 57.6 out of 100.
Top of the list was Fort St. John, while Port Alberni came dead last.
The top 10 are as follows:
1. Fort St. John
2. Dawson Creek
3. North Vancouver
9. New Westminster
10. Port Coquitlam