Statistics and Economic Profile
Red Deer is currently home to 100,844 residents, an increase of 0.4 per cent (0.4%), from 20211.
The average age of residents is 39.41.
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
In 2020, Red Deer had a total number of 43,404 dwellings, with an occupancy rate of 93 per cent (93%), and a population density of 966.5 people per sq km.1
Median Household Income
In Red Deer, the median2 family income after tax in 2020 was $91,000.
|Median Family Income, after tax, 2020|
1Statistics Canada 2021 Census data
2Definition: The median income of families, after tax. Half of families have income above this amount while half have income below this amount.
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) .
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.
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.
Alberta’s real gross domestic product (GDP) is expected to expand 2.8% this year and lead the country. Real GDP in Alberta is forecast to rise to 3.0% in 2024 and average 2.9% between 2025 and 2026.4
4Government of Alberta Budget 2023 Economic Outlook
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