Statistics and Economic Profile

Red Deer is one of the largest cities in Alberta, located 90 minutes between Calgary and Edmonton along one of the busiest highways in Alberta. Red Deer offers a competitive business environment, including no business tax (over and above property taxes), no capital tax, no machinery and equipment tax, and no payroll tax. The general Alberta corporate income tax rate recently dropped to 8 per cent, with a small business income tax rate of 2 per cent.

Population

Red Deer is currently home to 101,002 residents, an increase of 1.2 per cent, or 1,170 residents, from 20161. The average age of residents is 39.51.

Sex Mean  Mode Median
Female 40.45 36 40
Male 38.46 36.37 38
Other 34.07 17 31
Overall 39.48 36 39

Mean: average age
Mode: the most frequently occurring age
Median: the age number is the exact middle: there are equal counts above and below the median 

YearsPopulation
0-14 14,878
15-29 14,712
30-44 18,341
45-59 16,015
60-74 12,988
75+ 5,424
Unavailable 18,644

1Source:  Municipal Census Report 2019, Red Deer

View the Municipal Census Report 2019, as well as historical Census information on our Municipal Census web page.

Housing 

In 2019, Red Deer had a total number of 43,333 dwellings, with 41,144 of those dwellings occupied, resulting in an occupancy rate of 94.95 per cent. This is up slightly from 2016, which had an occupancy rate of 94.09 per cent, with 40,143 dwellings occupied out of 42,664 available.2

2Source:  Municipal Census Report 2019, Red Deer  

Median Household Income 

In Red Deer, the median3 family income for 2017 was $95,630. Red Deer median family income greatly increased 5.38 per cent year-over-year, and increased 5.18 per cent in the last five years4. This is 34 per cent higher than the Alberta average, and 45 per cent higher than the Canadian average.

Median Family Income, after tax, 2017 
Red Deer $95,630
Lethbridge $90,570
Edmonton $93,600
Calgary $100,320
Grande Prairie $112,980
Alberta $62,950
Canada $52,330

 3Definition: The median income of families, after tax, including couple families, lone-parent families, and people without children. Half of families have income above this amount while half have income below this amount.

4Alberta Regional Dashboard, adapted from Statistics Canada, Annual Income Estimates for Census Families and Individuals (T1 Family File), and Statistics Canada Table 11-10-0017-01

Employment

Labour Force Data for Red Deer and the Region is available in the Regional Labour Force Profile for Central Alberta March 2019: Regional Labour Force Profile (pdf)

Unemployment Rates

In 2020, pandemic-related disruptions led to an underutilized labour force in terms of reduced participation rates and hours worked. Red Deer's unemployment rate has historically remained below the provincial average until this most recent year.

 5Government of Alberta Labour Market Notes January 2021

Alberta  2018    2019    2020
Population 1.2 1.6 1.4
Labour Force 0.5 0.9 -2.6
Employment 1.9 0.5 -7.2
Unemployment Rate     6.6 6.9 11.3

 

Red Deer201820192020
Population 0.6 0.9 0.6
Labour Force 3.1 -4.8 -2.6
Employment 4.8 -6.2 -7.4
Unemployment Rate 5.5 6.7 11.4

Education

Red Deer College has played a prominent role in helping train our highly skilled and educated workforce since it was founded in 1964. Nearly 7,000 full-time and part-time students were enrolled at RDC in 2017/18, with 64 per cent of these students coming from central Alberta. In 2017, K-12 enrollment was 19,076 in Red Deer, providing a solid base for future growth at RDC.

RDC currently offers over 100 different programs, and 92 per cent of graduates find employment within six months of graduation.6

6Red Deer College Fast Facts 2019

Economy

Red Deer’s real GDP expanded by a moderate 1.7% in 2019, and prior to the COVID-19 pandemic, was projected to expand by 2% in 2020.6 A full recovery of Alberta’s economy (to 2019 levels of real GDP) is not expected until 2023. In 2021, real GDP is expected to see a partial recovery of 4.4%, accompanied by a gradual rise in employment.

6Conference Board of Canada Mid-sized Cities Report 2019

7Alberta’s 2020-21 Mid-Year Economic Statement

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