Thursday, December 04, 2014

Nanaimo's Economy - Vital Signs Survey


Nanaimo's Most Important Issues?
It's the economy ..... stupid!

The recently published Vital Signs survey produced by the Nanaimo Foundation in partnership with the City of Nanaimo, the United Way and Island Savings identified the Best of Nanaimo and the Most Important Issues based on survey responses from 900 people.

The survey respondents demographic:
  • 68% were female
  • 25% were under the age of 34
  • 44% were between 45 - 64
  • 37% have lived in Nanaimo over 20 years
  • 11% have living in Nanaimo for less than three years

The 'Best of Nanaimo' in ranked order
  1. Natural Environment
  2. Parks
  3. Climate
  4. Friends & Family
  5. Sense of Community
  6. Air Quality
  7. Locally Grown Food
  8. Recreation & Sports
  9. Arts & Culture
  10. Walkability
The 'Most Important Issues' ranked in order
  1. Employment Opportunities
  2. Community Planning & Development
  3. Affordable Housing
  4. The Economy
  5. Transportation
  6. Poverty
  7. Education
  8. Cost of Living
  9. Health Care
  10. Mental Illness
Economic Comparisons

Statistics quoted dealing with family incomes: of all employed Nanaimo residents in 2010, 38.2% were not earning a living wage - an annual income of more than $20,000. In 2010 the median family income was $61,321, compared with $67,044 as the national median and $67,915 as the provincial median. In 2012, 17.3% of Nanaimo residents had incomes below after-tax poverty rate.

Food & housing costs: food for a family of four on Vancouver Island was $873/mo. in 2011, $858/mo. in 2009 and $695/mo. in 2007. 2013 - 2014 saw 6,908 people use the Food Bank at least once, up slightly from 6.718 the year before. Single family home benchmark price in 2014 - $335,200, in 2013 - $329,200 and $343,000 in 2011. Average rent for a 2 bedroom apartment in 2014 - $805 compared with $791 in 2013. The vacancy rate for a 2 bedroom apartment (available immediately) is 6%. Households spending 30% or more of their income on rent was 52.3% compared with a national average of 40.1%.

Download the complete Vital Signs Report pdf HERE



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