Income and Net Worth in Quebec

Median and average individual income in Quebec by age group, for all genders with a bachelor's degree, from the 2021 Census.
Age groupMedian incomeAverage income
25-34$55,244$57,574
35-44$72,076$78,940
45-54$76,000$89,243
55-64$61,807$79,885
65+$30,000$40,960
Median and average family net worth in Quebec by age group, from the Survey of Financial Security. This measure is the same for every gender and education level.
Age groupMedian net worthAverage net worth
25-34$113,600$347,400
35-44$292,200$569,300
45-54$482,400$869,400
55-64$623,500$1,017,900
65+$527,500$910,000

Quebec's income rank starts strong and fades with age. Among those 25-34, Quebec's $55,244 median income ties for second of ten provinces; by the time residents reach 65 and older, that same measure has slipped to eighth of ten, at $30,000, ahead of only New Brunswick and Newfoundland and Labrador. The decline from peak earnings in the 45-54 band to the 65+ band runs 60.5 percent, the second-steepest drop of any province, behind only Newfoundland and Labrador's. Net worth follows none of this movement: Quebec ranks seventh of ten provinces in every single age band, from $113,600 among those 25-34 to $623,500 among those 55-64, regardless of how the income rank shifts around it. Aerospace manufacturing and hydroelectric power generation are significant contributors to Quebec's economy, and the income figures describe a province that starts working life strongly, but that strength does not carry through to a correspondingly high net worth ranking at any 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.

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This page is for educational and informational purposes only. It is not financial, tax, or investment advice. Figures are estimates derived from public Statistics Canada data and may not reflect your circumstances. Contains information licensed under the Statistics Canada Open Licence; this is not an endorsement by Statistics Canada.