Average & Median Income in Ontario by Age

In 2020, the median total income in Ontario was $41,200 and the average was $56,350, among people aged 15 and over with income (Statistics Canada, 2021 Census). That compares with a national median of $41,200. The median was $46,000 for men and $37,200 for women. After adjusting for inflation, the median was $36,400 in 2015, so it rose 13% over five years.

The average sits above the median because a smaller number of high incomes pull it up — the guide to average income in Canada explains which figure to use.

How Ontario compares

Ontario's province-wide median income in 2020 was exactly the national median, and its age-band figures track the national ones closely, from $43,600 against $44,000 among those 25-34 to $34,800 against $33,200 among those 65 and older. Its net worth does not sit in the middle. Ontario ranks second of ten on median family net worth in every age band, from $203,800 among those 25-34 to $1,118,600 among those 55-64, always behind British Columbia and always ahead of Alberta. Its income ranking moves more: fourth among those 25-34, a tie with British Columbia, second at 45-54 at $56,800, and third in the two oldest bands. Ontario's net worth rank is better than its income rank in four of the five age bands and equal at 45-54. Against Alberta the two measures point in opposite directions, with Alberta ahead on median income at every age and Ontario ahead on net worth at every age. Quebec has a higher median income than Ontario among those 25-34 and 35-44, but Ontario is ahead from 45-54 on. Ontario's average income ranks second of ten in every band from 35-44 up, an average that sits well above its median, more so than in most provinces.