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 100,844 residents, an increase of 0.4 per cent, from 20161.

The average age of residents is 39.52.

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:  Statistics Canada Population and Dwelling 2021

2City of Red Deer Municipal Census Report 2019, which can be viewed in its entirety on the 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.3

3Source:  Municipal Census Report 2019, Red Deer  

Median Household Income 

In Red Deer, the median4 family income for 2019 was $99,110.  This is 36.7 per cent higher than the Alberta average, and 57.5 per cent higher than the Canadian average.

Median Family Income, after tax, 20195 
Red Deer $99,110
Lethbridge $95,030
Edmonton $97,800
Calgary $105,060
Grande Prairie $118,270
Alberta $72,500
Canada $62,900

4Definition: 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.

5Alberta 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 Rates6

In 2020 and 2021, 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 these most recent two years.

Alberta  2019    2020    2021
Population 1.6 1.5 1.1
Labour Force 1 -1.9 1.7
Employment 0.7 -6.6 4.2
Unemployment Rate     7 11.4 9

 

Red Deer201920202021
Population 1.2 1.2 0.8
Labour Force -4.6 -1.9 1.4
Employment -6.1 -6.7 4
Unemployment Rate 7 11.6 9.2
 
6Government of Alberta Labour Market Notes January 2022

Education

Red Deer Polytechnic has been proudly serving their students and community in 1964 as Red Deer College. As of July 2021, their institution name is now Red Deer Polytechnic. In 2018, this post-secondary institution received approval to become a degree-granting institution.  Now as a polytechnic institution in central Alberta, they will continue to offer the same breadth of credentials and mix of programs in a variety of subject areas that we previously offered, including apprenticeships, certificates, degrees, micro-credentials and degrees.

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 2020.7 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.8

7Conference Board of Canada Mid-sized Cities Report 2019

8Alberta’s 2020-21 Mid-Year Economic Statement

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