The average annual income in Peterborough, Ontario, is $47,029.
Understanding Income in Peterborough, ON
This figure represents the typical annual earnings for individuals in Peterborough, Ontario, offering a general benchmark for the local job market and economic conditions. While the average provides a central point, incomes can vary significantly based on factors such as industry, experience, specific job roles, and educational background.
Detailed Income Breakdown in Peterborough
To provide a more comprehensive view of earnings in Peterborough, the following table illustrates various income percentiles, showing the range from lower earners to top earners:
| Income Tier | Annual Salary | 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 |
What These Figures Mean
- Average Income ($47,029 annually): This is the calculated mean income, representing the sum of all incomes divided by the number of earners. It gives a good general idea of what a typical person might earn.
- 25th Percentile ($34,186 annually): This indicates that 25% of earners in Peterborough make $34,186 or less per year. These figures often represent entry-level positions or roles requiring less specialized skills.
- 75th Percentile ($59,872 annually): This means that 75% of earners make $59,872 or less per year, or conversely, 25% earn more. This bracket typically includes more experienced professionals or those in moderately specialized roles.
- Top Earners ($66,250 annually): Individuals in this category represent the higher end of the income spectrum, often holding senior positions, specialized technical roles, or management positions that command higher salaries.
Understanding these different tiers helps to provide a more nuanced picture of income distribution within Peterborough, Ontario, beyond just the average figure.
