Statistics Canada 2016 Census revealed that 96% of all Londoners ages 15 years and over had income in 2015. For individuals the median total income was $32,599 and for households the median total income was $62,011.
Couples with children families had higher incomes compared to other family types. In London, based on their after-tax income adjusted for family size, 45.9% of the population was in the top half of the income distribution compared to 50.5% for Ontario and for 50.0% Canada. In 2015, the median total household income in London was $62,011. This was lower than Ontario ($74,287) and Canada ($70,336).
The Low-income measure, after tax, (LIM-AT) refers to a fixed percentage (50%) of median-adjusted after-tax income of private households. In London the prevalence of low income in 2015 based on LIM-AT was 18.8% representing 71,030 individuals. This was higher than Ontario (14.4%) and Canada (14.2%).
The Low-income cut-offs, after tax (LICO-AT) refers to an income threshold below which families will likely devote a larger share of their income on the necessities of food, shelter, and clothing than the average family. In London, the prevalence of low income in 2015 based on LIM-AT was 11.6% representing 43,860 individuals. This was higher than Ontario (9.8%) and Canada (9.2%).