The average income in Peterborough, Ontario, is $47,029 per year. This translates to approximately $3,919 per month.
Understanding Income Levels in Peterborough
While the average income provides a general benchmark, individual earnings can vary significantly based on factors such as experience, industry, specific job roles, and educational background. The range of incomes in Peterborough reflects a diverse job market.
Here's a breakdown of typical annual and monthly income levels in Peterborough:
| Category | Annual Income | Monthly Pay |
|---|---|---|
| Top Earners | $66,250 | $5,520 |
| 75th Percentile | $59,872 | $4,989 |
| Average | $47,029 | $3,919 |
| 25th Percentile | $34,186 | $2,848 |
- Top Earners: Individuals in high-demand roles, senior positions, or specialized fields often command higher salaries.
- 75th Percentile: This indicates that 75% of workers earn less than this amount, suggesting a strong earnings bracket.
- Average: This figure represents the mean income across various professions.
- 25th Percentile: This shows that 25% of workers earn less than this amount, typically including entry-level positions or part-time roles.
Factors Influencing Income
Several elements can impact an individual's earning potential in Peterborough:
- Experience Level: More years of experience generally lead to higher salaries, especially in skilled trades and professional roles.
- Industry: Sectors like healthcare, manufacturing, education, and professional services are significant employers in Peterborough, with varying pay scales.
- Education and Qualifications: Higher education degrees and professional certifications often open doors to better-paying jobs.
- Specific Job Role: Different responsibilities, managerial duties, and technical skills within the same industry can lead to different income levels.
- Economic Conditions: Local and national economic trends can also influence salary growth and job availability.
