Family income after inflation
$121,850 median family income
About the same this year (+3.1%, within ±5%). 5.4% Better over 5 years.
Up 3.1% in a year (CMHC’s same-building comparison). Up 5.4% since 2018.
Who decides what
No government decides this directly · 1 other body Show all
No government decides this directly. Employers, workers and families decide most income. Tax and benefit rules also affect it; no law is cited for that yet.
| Body | What it decides | Law or bylaw | Last decision | Next decision |
|---|---|---|---|---|
| Bank of Canada | Sets and publishes the minimum rate at which it lends, as part of its job to regulate credit and currency. | Bank of Canada Act, s. 21 Bank of Canada Act, preamble | Rate set at 2.50% on October 28, 2026 | Next scheduled announcement December 9, 2026 |
No government decides this directly; the rows list who decides the rules around it. Each row says what a body decides and links to the law, order or bylaw that gives it that role. It does not say who caused a change: markets, households and other governments also move these numbers. Who decides what, for every measure · How we choose
Over time
Median family income, as reported and in 2023 dollars
2023 A year, by year
- As reported $121,850 a year
- In 2023 dollars (after inflation) $121,850 a year
Median family income, as reported and in 2023 dollars
2023 A year, by year
- As reported $121,850 a year
- In 2023 dollars (after inflation) $121,850 a year
Median family income, as reported and in 2023 dollars
2023 A year, by year
- As reported $121,850 a year
- In 2023 dollars (after inflation) $121,850 a year
Median family income, as reported and in 2023 dollars
2023 A year, by year
- As reported $121,850 a year
- In 2023 dollars (after inflation) $121,850 a year
More charts (1)
People in low income, Greater Victoria (%)
2023 By year
- 11.9%
Show the numbers as a table
| Period | As reported | In 2023 dollars (after inflation) |
|---|---|---|
| 2023 | $121,850 | $121,850 |
| 2022 | $113,930 | $118,156 |
| 2021 | $111,390 | $123,563 |
| 2020 | $106,900 | $121,492 |
| 2019 | $101,320 | $116,400 |
| 2018 | $98,240 | $115,641 |
| 2017 | $95,250 | $114,765 |
| 2016 | $91,400 | $112,224 |
| 2015 | $89,640 | $112,012 |
| 2014 | $86,430 | $109,198 |
| 2013 | $84,500 | $107,678 |
| 2012 | $81,580 | $103,600 |
| 2011 | $79,350 | $101,815 |
| 2010 | $77,820 | $101,971 |
| 2009 | $77,840 | $103,091 |
| 2008 | $77,810 | $103,143 |
| 2007 | $74,730 | $100,865 |
| 2006 | $71,500 | $97,662 |
| 2005 | $66,900 | $92,746 |
| 2004 | $64,200 | $90,960 |
| 2003 | $61,700 | $89,471 |
| 2002 | $60,400 | $89,513 |
| 2001 | $58,500 | $89,011 |
| 2000 | $55,200 | $85,038 |
| Period | After-tax low income (CFLIM-AT) |
|---|---|
| 2023 | 11.9 |
| 2022 | 12.8 |
| 2021 | 11.5 |
| 2020 | 10.1 |
| 2019 | 13.4 |
| 2018 | 13.6 |
| 2017 | 13.9 |
| 2016 | 14.3 |
| 2015 | 14.9 |
| 2014 | 15.1 |
| 2013 | 14.9 |
| 2012 | 14.7 |
| 2011 | 14.8 |
| 2010 | 14.8 |
| 2009 | 14.2 |
| 2008 | 13.6 |
| 2007 | 13.8 |
| 2006 | 14.5 |
| 2005 | 14.9 |
| 2004 | 15.1 |
| 2003 | 15.2 |
| 2002 | 14.9 |
| 2001 | 14.8 |
| 2000 | 15.8 |
In plain words
The median total income of all families in the Victoria metropolitan area, from tax returns. The change is after inflation, using the Victoria consumer price index. The share of people in low income is shown as a second chart.
How we decide “About the same this year. Better over 5 years.”
The change is 3.1% of the earlier value, below the 5% threshold. Over 5 years (since 2018) the change is 5.4% of the earlier value, at or above the 5% threshold, so the label also says Better over 5 years.
A higher income after inflation means the typical family can buy more. $121,850 in 2023 against $113,930 in 2022 as reported, or $118,156 in 2023 dollars (+3.1% after inflation). Five years (2018 to 2023): +5.4% after inflation.
Outcome measures read Better, Worse or About the same; published government targets read Ahead of, On or Behind target; value-judgement measures read Rising, Falling or Steady in a neutral colour. A change smaller than the agency's own margin of error, or otherwise smaller than 5% of the earlier value, is About the same (or Steady). No change is calculated across a marked break in a series. The rule.
Keep in mind
Why it matters. It shows whether the typical family’s income is keeping up with prices.
- Calculated here. Income is Statistics Canada’s median total income of all census families, before tax, from tax returns. Prices are the annual average consumer price index for Victoria.
- The median is the middle family: half had more income, half had less.
- Total income includes government transfers. In 2020 and 2021 pandemic benefits raised many incomes.
- The low income line is the share of all people in families or living alone whose after-tax income is below Statistics Canada’s low income measure (CFLIM-AT, table 11-10-0018-01).
Which places
Area: Greater Victoria (CMA)
Statistics Canada’s Victoria metropolitan area: 13 municipalities plus nearby electoral-area and reserve lands.
Included
- Victoria
- Saanich
- Oak Bay
- Esquimalt
- View Royal
- Langford
- Colwood
- Highlands
- Metchosin
- Sooke
- Central Saanich
- North Saanich
- Sidney
- Juan de Fuca electoral area, part 1 (for example East Sooke, Jordan River and Shirley)
- First Nations reserves: Cole Bay 3, Union Bay 4, East Saanich 2, South Saanich 1, Becher Bay 1, Esquimalt, New Songhees 1A and T'Sou-ke
Not included
- Salt Spring Island
- Southern Gulf Islands (Galiano, Mayne, Pender and Saturna islands)
- Port Renfrew area (Juan de Fuca electoral area, part 2)
Official definition
How the agency describes it: Victoria census metropolitan area (Greater Victoria).
How we calculated it
Calculated here This figure is not published by an agency as is. It is calculated here, by script, from the public data listed below. It belongs with Prices vs a year ago.
Formula
Income in 2023 dollars = income in year × (price index 2023 ÷ price index in that year). Change after inflation = 2023 income ÷ 2022 income in 2023 dollars − 1.
With the latest numbers
- Price index for Victoria (2002 = 100): 142.9 in 2022, 148.2 in 2023.
- Median family income: $113,930 in 2022, $121,850 in 2023.
- 2022 income in 2023 dollars: $113,930 × 148.2 ÷ 142.9 = $118,156.
- $121,850 ÷ $118,156 − 1 = +3.1%.
- Five years: price index 125.9 in 2018. 2018 income in 2023 dollars: $98,240 × 148.2 ÷ 125.9 = $115,641.
- $121,850 ÷ $115,641 − 1 = +5.4% after inflation.
Inputs
Median total income, all families, Victoria
- Published by
- Statistics Canada
- Period used
- 2000 to 2023
- Latest release
- Jul 18, 2025
Consumer Price Index, all items, annual average, Victoria
- Published by
- Statistics Canada
- Period used
- 2000 to 2023
- Latest release
- Jan 19, 2026
Percentage of persons in low income (CFLIM-AT), all persons, Victoria
- Published by
- Statistics Canada
- Period used
- 2000 to 2023
- Latest release
- Jul 18, 2025
Keep in mind
- Calculated here. Income is Statistics Canada’s median total income of all census families, before tax, from tax returns. Prices are the annual average consumer price index for Victoria.
- The median is the middle family: half had more income, half had less.
- Total income includes government transfers. In 2020 and 2021 pandemic benefits raised many incomes.
- The low income line is the share of all people in families or living alone whose after-tax income is below Statistics Canada’s low income measure (CFLIM-AT, table 11-10-0018-01).
Retrieved Nov 11, 2026, 11:11 PM B.C. time. This page’s data and calculation (JSON).
Licence and credits
Published under an open licence: anyone may reuse it with credit. About licences.
Calculated here from public data; see “How we calculated it”.
- Calculated here from
- Statistics Canada
- Licences
- Open Government Licence - Canada
- Period
- Calendar year 2023
- Updated
- Annually (tax-return data, about 18 months after the year)
- Retrieved
- Nov 11, 2026, 11:11 PM B.C. time
- Details
- Formula and every input
Adapted from Statistics Canada, table 11-10-0009-01. This does not constitute an endorsement by Statistics Canada of this product. Adapted from Statistics Canada, table 18-10-0005-01. This does not constitute an endorsement by Statistics Canada of this product. Adapted from Statistics Canada, table 11-10-0018-01. This does not constitute an endorsement by Statistics Canada of this product.
Spot a mistake?
Email [email protected]. Fixes are listed in the corrections log.