The median age in Vegreville is 44 years old, which shows our Town's diverse age range. As a town with a vast array of age groups, there is room for retail businesses targeting any demographic. 62.5% of Vegreville’s population is between the ages of 15-64, which is an important age group to make note of as it is where businesses will find both employees and customers.
Vegreville’s trade area has an average annual household income of approximately $98,979, and 27% of households in this area have annual household incomes of over $100,000. As these average incomes are higher than the provincial average of $93,835, there is a high potential for disposable income for retail spending in our trading area.
Vegreville has an employed workforce of approximately 2870 residents. Retail trade is the third-largest industry in Vegreville, after Healthcare & Social Assistance, and Public Administration respectively. As it makes up 11.5% of the employed workforce in our town, retail trade is a high demand industry.
Vegreville’s population is quite educated in hands-on technical fields, as well as roles in administration. Trades education makes up for 13.5% of Vegreville’s population, which is higher than the provincial average of 10.6%. Additionally, 26.2% of Vegreville’s population has a college-level education, 4.2% higher than the provincial average. With residents educated in many different industries and fields, businesses are sure to find employees trained in the exact occupation they are looking for.