| Age group | Median income | Average income |
|---|---|---|
| 25-34 | $51,333 | $57,528 |
| 35-44 | $66,492 | $77,974 |
| 45-54 | $68,841 | $82,942 |
| 55-64 | $56,289 | $74,621 |
| 65+ | $26,600 | $36,440 |
| Age group | Median net worth | Average net worth |
|---|---|---|
| 25-34 | $102,100 | $306,900 |
| 35-44 | $262,700 | $503,000 |
| 45-54 | $433,700 | $768,200 |
| 55-64 | $560,500 | $899,400 |
| 65+ | $474,200 | $804,000 |
Newfoundland and Labrador's median income falls further between peak earning years and retirement than any other province in this dataset: from $68,841 in the 45-54 band to $26,600 among those 65 and older, a decline of 61.4 percent, the steepest drop of the ten provinces. That $26,600 figure is also the lowest senior income recorded for any province here, lower even than New Brunswick's. In the two youngest bands, though, Newfoundland and Labrador's income sits closer to the middle of the pack than the province's reputation for economic hardship might suggest, ranking sixth of ten at both 25-34 and 35-44. By 45-54 that position has slipped to ninth, and for the two oldest bands Newfoundland and Labrador's income is the lowest of any province in this dataset — a harder fall than its net worth ranking, which never drops below ninth at any age. Net worth ranks ninth of ten provinces in every age band, ahead of only New Brunswick, from $102,100 among those 25-34 to $560,500 among those 55-64. Offshore oil extraction and the fishery remain central to the provincial economy, but neither shows up as a lift in the net worth figures, which stay near the bottom of the national ranking regardless of age.
Income above is individual-level, from the 2021 Census, and varies by gender and education. Net worth is family-level, from the Survey of Financial Security, and is compared by province and age only — it is not broken down by gender or education, so changing those inputs would not change the net worth figures shown here.