Statistics and Economic Profile
Red Deer is currently home to 100,844 residents, an increase of 0.4 per cent, from 20161.
The average age of residents is 39.52.
Mean: average age
Mode: the most frequently occurring age
Median: the age number is the exact middle: there are equal counts above and below the median
1Source: Statistics Canada Population and Dwelling 2021
2City of Red Deer Municipal Census Report 2019, which can be viewed in its entirety on the Census, Statistics and Demographics web page.
In 2019, Red Deer had a total number of 43,333 dwellings, with 41,144 of those dwellings occupied, resulting in an occupancy rate of 94.95 per cent. This is up slightly from 2016, which had an occupancy rate of 94.09 per cent, with 40,143 dwellings occupied out of 42,664 available.3
3Source: Municipal Census Report 2019, Red Deer
Median Household Income
In Red Deer, the median4 family income for 2019 was $99,110. This is 36.7 per cent higher than the Alberta average, and 57.5 per cent higher than the Canadian average.
|Median Family Income, after tax, 20195|
4Definition: The median income of families, after tax, including couple families, lone-parent families, and people without children. Half of families have income above this amount while half have income below this amount.
5Alberta Regional Dashboard, adapted from Statistics Canada, Annual Income Estimates for Census Families and Individuals (T1 Family File), and Statistics Canada Table 11-10-0017-01
Labour Force Data for Red Deer and the Region is available in the Regional Labour Force Profile for Central Alberta March 2019: Regional Labour Force Profile (pdf) .
In 2020 and 2021, pandemic-related disruptions led to an underutilized labour force in terms of reduced participation rates and hours worked. Red Deer's unemployment rate has historically remained below the provincial average until these most recent two years.
Red Deer Polytechnic has been proudly serving their students and community in 1964 as Red Deer College. As of July 2021, their institution name is now Red Deer Polytechnic. In 2018, this post-secondary institution received approval to become a degree-granting institution. Now as a polytechnic institution in central Alberta, they will continue to offer the same breadth of credentials and mix of programs in a variety of subject areas that we previously offered, including apprenticeships, certificates, degrees, micro-credentials and degrees.
Red Deer’s real GDP expanded by a moderate 1.7% in 2019, and prior to the COVID-19 pandemic, was projected to expand by 2% in 2020.7 A full recovery of Alberta’s economy (to 2019 levels of real GDP) is not expected until 2023. In 2021, real GDP is expected to see a partial recovery of 4.4%, accompanied by a gradual rise in employment.8
7Conference Board of Canada Mid-sized Cities Report 2019
8Alberta’s 2020-21 Mid-Year Economic Statement
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