Economic Indicators 2015

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