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Kelowna was left out of the top 10 ranking of ‘Best Cities for Work in BC’ that was released by BCBusiness.
In fact, the city didn’t even make the top 15.
Out of the 36 communities across the province that were ranked in the inaugural list, Kelowna ended up in the 17th position.
“Home is where the heart is, but a good paycheque doesn’t hurt,” states the BCBusiness website. “We gathered data on 36 cities throughout the province, ranking them according to their job markets.”
Seven key economic indicators were used to help reflect the health of a city’s job market including: income growth, average household income, population growth, unemployment, labour participation and the percentage of people with degrees and taking transit.
“Developing the first-ever list of this kind in B.C. has been an extraordinary project,” says BCBusiness editor-in-chief Matt O’Grady. “We expect the results to attract a lot of attention and provoke a lot of discussion across the province.”
Photo Credit: KelownaNow
According to the report the top 10 Best Cities for Work in B.C. is as follows:
1 – Fort St. John
2 – North Vancouver
3 – Coquitlam
4 – Burnaby
5 – Dawson Creek
6 – New Westminster
7 – Langley
8 – Richmond
9 – Surrey
10 – Vancouver
BCBusiness reports that cities with higher incomes tended to have the lowest unemployment and growing populations.
“In short, no matter how we sliced the data, our ranking remained relatively unchanged.”
Photo Credit: BCBusiness
The report states that income growth in Kelowna sits at 13.75 per cent while the average household income is $83,949. Population growth is 7.05 per cent while our unemployment is eight per cent. Labour participation comes in at 64.24 per cent, people with degrees were given 16.58 per cent and finally the amount of people who take transit is 3.40 per cent. Added up, Kelowna’s total score out of 100 was 49.62.
Placing at the bottom of the list was Prince Rupert (36) and Williams Lake (35).
As for other regional communities Vernon was ranked 30th while Penticton placed 29th and Salmon Arm finished in 24th.
You can read the complete list by clicking on the list here.
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