Demographics
Total Population 5,689 Median age of 45.2
16.3% of the population is between 0 -14
59.8% of the population is between 15 - 64.
23.9% of the population is 65 and older
(Source Stats Canada 2021 Federal Census)
Vegreville's trade area population is close to 30,000 providing an excellent labour pool.
(Source 2018 Retail Gap Analysis)
Income
Vegreville’s trade area has an average annual household income of approximately $91,725 and 24% 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. (Source 2018 Retail Gap Analysis)
Labour Force
Vegreville has a readily available workforce with varied skill sets due to a diverse economy and an employable workforce of approximately 3,400. Vegreville's trade area has a population of close to 30,000 providing an excellent labour pool.
Retail trade is the third-largest industry in Vegreville, after healthcare and 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.
Education
Vegreville’s population is quite educated in hands-on technical fields, as well as roles in administration. Trades education makes up for 12.3% of Vegreville’s population, which is higher than the provincial average of 8.7%. Additionally, 46.9% of Vegreville’s population has a postsecondary certificate, diploma, or degree. With residents educated in many different industries and fields, businesses are sure to find employees trained in the exact occupation they are looking for. (Source Stats Canada 2021 Federal Census)
