Woodlands County Economic Indicators 2015 Woodlands County Economic Indicators 2015 Message from the Mayor In my time as Mayor, I have witnessed several recessions, and it certainly says a lot about our community. In 2008, while businesses around Alberta faced tough times, many in our community took advantage of the opportunity, and actually grew. How could that happen, and will it happen again now as the world oil market has taken a tumble? What is different about our community is twofold. First, it is diverse; we are not a one industry county. Our diversity between forestry, oil and gas, plus all the support services, will keep our hotels and restaurants busy, property prices high, and still plenty of work for our residents. The other difference we have unique to any part of Alberta, as we have heard from industry leaders, is the Duvernay play just west of us. While oil companies slash spending, budgets stay firm for this field that takes advantage of the still high prices for liquid rich gases. While our council knows how much of the struggle this recession has hit this area, we are here to support our residents and businesses as much as possible, starting with our decision for a zero percent tax increase for 2016. Chaos will always have an element of opportunity, and the Woodlands residents and business community will be the strongest in Alberta as we move into 2017! Fort McMurray Mayor Jim Rennie Grande Prairie Message from the Economic Development Committee Chairman The Woodlands County Economic Development Committee is committed to enhance our services and act as a resource to our business community. We are focused on working with businesses to promote our county, attract outside investors, and keep local business local. We are also continuing to develop multiple recreational sites around our community. Not only does this enhance and enrich the lifestyle of our residents, but it also attracts visitors to our region, and gives residents enjoyment right in their backyard while supporting our local economy and maintaining the quality of life we are so proud of in Woodlands County. Councillor Chad Merrifield Edmonton Calgary Woodlands County Box 60, #1 Woodlands Lane Whitecourt, Alberta T7S 1N3 780.778.8400 1.888.870.6315 www.woodlands.ab.ca Woodlands County Economic Indicators 2015 1 Woodlands County Economic Indicators 2015 Population Demographics Woodlands County Quick Facts: Population: 4,300 Median Age: 41 • Majority of households are families • 170 kilometres NW of Edmonton • 7,600 square kilometres of land • 925 kilometres of roadway • • • Female Male Trade area 40,500 2015 Population by Age 300 250 200 150 100 50 0 0-4 5-9 10-14 15-19 20-24 25-29 30-34 35-39 40-44 45-49 50-54 55-59 60-64 65-69 70-74 75-79 80+ 2015 Immigrant Population Total Immigrant Population Non-Immigrant Population Born Outside Alberta Non-Immigrant Population Born in Alberta 119 = 4.1% of Total 1,197 = 26% of Total 3,224 = 69.9% of Total Woodlands County Economic Indicators 2015 2 Woodlands County Economic Indicators 2015 Population Demographics Annual Population Comparison 5,000 4,000 3,818 4,158 4,306 4,467 4,612 2015 Children at Home 400 331 300 3,000 265 268 281 200 2,000 100 1,000 0 0 2001 2006 2011 2014 2015 0-4 5 -9 10 -14 Ages in Years 15 - 19 Home Languages Other 0.4% German 0.5% French 0.5% English 98.6% 2015 Census Family Type Average Children Per Census Family: 1.2 1,000 1,001 500 0 132 Couple Families Lone Parent Woodlands County Economic Indicators 2015 3 Woodlands County Economic Indicators 2015 Population Demographics 2015 Marital Status (15 Years +) Widowed 102 Divorced Separated 176 76 Single 751 Living Common Law 503 Married 2,210 2015 Educational Attainment (15 Years +) University Degree 279 University certificate or diploma below Bachelor College, CGEP, or other non-university certificate or diploma Apprenticeship or trades certificate or diploma 154 560 711 High school certificate or equivalent 1,018 No certificate, diploma or degree 1,040 0 200 400 600 800 1,000 1,200 1,400 1,600 Woodlands County Economic Indicators 2015 4 Woodlands County Economic Indicators 2015 Labour Force Woodlands County Economic Drivers: Oil & Gas • • Oil and Gas maintenance •Forestry • Aggregate extraction •Agriculture 2015 Industry Participation (15 Years +) Based on North American Industry Codes (91) Public Administration 73 (81) Other Services (Except Public) 188 (72) Accommodation and Food Services 120 (71) Arts, Entertainment and Recreation 35 165 (62) Health Care and Social Assistance 97 (61) Educational Services (56) Administrative and Support, Waste... 39 (54) Professional, Scientific and Technical... 211 (53) Real Estate and Rental and Leasing 40 (52) Finance and Insurance 28 (48-49) Transportation and Warehousing 293 (44-45) Retail Trade (41) Wholesale Trade 150 8 (31-33) Manufacturing 198 382 (23) Construction (22) Utilities 97 (21) Mining, Quarrying and Oil and Gas... (11) Agricultural, Forestry, Fishing And... 376 268 Woodlands County Economic Indicators 2015 5 Woodlands County Economic Indicators 2015 Labour Force Historical Labour Force Comparison 2006 Unemployed 2014 2015 149 122 85 2,637 2,614 2,430 Employed In Labour Force 2,520 2,786 2,736 Total Population Over 15 Years 3,617 3,470 3,265 Labour Rate Comparison Unemployment Rate Employment Rate Participation Rate 2014 3.5% 78.8% 2006 3.4% 77.2% 95.5% 96.4% Woodlands County Economic Indicators 2015 6 Woodlands County Economic Indicators 2015 Household Income Disposable income: Total personal income minus personal current taxes. Discretionary income: Disposable income (after-tax income) minus all payments that are necessary to meet current bills, such as rent or mortgage, utilities, insurance, medical, transportation, property maintenance, child support, food and sundries, etc. Average Household Income Analysis 2015 Average Household Income Based on Current Year $ vs. Constant Year $ 150,000 100,000 50,000 0 $122,793 Average Household Income $71,293 $53,102 Disposable Discretionary Income per Income per Household Household 16% 16% 14% 14% 12% 12% 12% 10% 8% Projected Household Income Based on Current Year $ vs Constant $ 6% 4% 4% $200,000 $151,208 $150,000 $142,247 0% 2015 2018 2020 2025 $250,000 + 2009 $150,000 - $249,999 0 $100,000 - $149,999 $50,000 $50,000 - $99,999 $129,784 2% $0 - $49,000 $100,000 $97,907 $176,164 Woodlands County Economic Indicators 2015 7 Woodlands County Economic Indicators 2015 Household Expenditures 2015 Average Household Expenditures: $104,621 Food: 10% Other: 19% Shelter: 21% Charitable Donations: 2% Life Insurance: 1% Income Taxes: 17% Clothing: 5% Education: 2% Recreation: 5% Health Care: 3% Transportation: 15% Household Growth Forecast 2,500 2,074 2,000 1,715 1,785 2015 2018 1,845 1,500 1,000 500 2023 2025 Woodlands County Economic Indicators 2015 8 Woodlands County Economic Indicators 2015 Housing Woodlands County Communitues Blue Ridge – Population 633 Goose Lake/Freeman River – Population 452 • Fort Assiniboine – Population 468 • • • Whitecourt – Population 10,574 Housing by Period of Construction Built After 2011 Built Between 2006 and 2011 Built Between 2001 and 2005 66 139 224 Built Between 1991 and 2000 292 Built Between 1981 and 1990 308 Built Between 1961 and 1980 Built Before 1960 435 251 Woodlands County Economic Indicators 2015 9 GROWTH Alberta Phone: 780.674.3140 l Fax: 780.674,2777 5306 - 49 Street, Barrhead, AB T7P 2P5 [email protected] www.growthalberta.com Data Developed by Environics Analytics Data has been extracted from the 2015 DemoStats, Household Spend, WealthScapes, and R.L.Polk Canada datasets developed by Environics Analytics. The report uses an Environics Analytics forecasting process to determine current year and future projections based on 2011 Stats Canada information. This report is for information purposes only and GROWTH Alberta does not assume any responsibility or liability by providing it. For more information on Woodlands County please contact: Dana Severson, Economic Development & Tourism Assistant Box 60, #1 Woodlands Lane Whitecourt, AB T7S 1N3 Office: 780.778.8400 l Fax: 780.778.8402 [email protected] l www.woodlands.ab.ca
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