Norfolk County, Ont. – September 22, 2017 – Median household total income of Norfolk County households in 2015 was $67,338, up 6.5% since 2005, according to Statistics Canada.
Between 2005 and 2015, Norfolk County experienced the highest rate of growth in median household total income in southwestern Ontario, followed by Hamilton (5.3%), Ingersoll (4.2%), Woodstock (3.3%) and Brantford (2.6%).
At 8.6% growth during the period of 2005 to 2015, Norfolk County also experienced the highest rate of growth in after-tax median household total income in southwestern Ontario, followed by Hamilton (7.6%), Ingersoll (7.1%), Brantford (5.5%) and Guelph (5.2%).
Over the past ten years, Norfolk County has witnessed new builds and expansions in manufacturing and food processing at major employers such as Toyotetsu, Scotlynn Commodities, Unilever, and Titan Trailers. Over the past ten years, seven wineries, three craft breweries, and several additional tourist attractions have also opened in Norfolk County.
The construction industry in Norfolk County continues to break records, with the first six months of 2017 witnessing $77.8 million in total building permits values. The value of construction in the January to June period for 2017 was more than double the same period last year. Norfolk County’s development community contributed to a record investment in new construction in 2016, with total project values reaching almost $110 million.
Norfolk County, located on Lake Erie, is Canada’s leading grower of asparagus, tart cherries, ginseng, peppers, pumpkins and other fruits and vegetables. Norfolk County had the most farms in Ontario reporting incomes over $2 million. Gross annual farm receipts in the 2016 Census of Agriculture were $519 million, up 43% compared to 2011. Total farm capital was valued at $3.3 billion, up 57% compared to five years ago.
For more information about Norfolk County, visit www.norfolkbusiness.ca.