ECONOMY OF GRANDE PRAIRIE:
The main economy of Grande Prairie and area is Agriculture, Forestry, Oil and Natural Gas. Grande Prairie is a Wholesale and Retail Centre serving Northwest Alberta and Northeast British Columbia. A Business Advantage of the area is that there is no sales taxes.
FAMILY INCOME: 2017 the Median Family Income for residents in Grande Prairie was $118,026. In 2001 over 50% of families earned $60,000 and over. About 25% earned between $40,000 and $59,999. There were about 20% of families that earned between $20,000 and $39,999. Only 10% of families had income less than $19,999.
GRANDE PRAIRIE LABOR FORCE BY INDUSTRY: (2001 Stats)
Business and Community Services: 41%, Retail and wholesale: 19%, Construction: 9%, Mining: 9%, Manufacturing: 6%, Transportation and Utilities: 5%, Finance: 5% Public Administration: 3%, Agriculture: 2%.
The highest average wage (2017 Stats) is in the Oil & Gas Industry followed by Utilities, Educational Services, Manufacturing, Public Administration, Construction, Transportation & Warehousing, Health Care, Professional & Scientific Services, Forestry, and then others.
The total amount of Housing Starts in 2005 was 1,231 compared to 724 in 2001.
Most people lived in their own home in 2001 with about 65% of the population. The rest rented. 2001 had 65% of residents in Grande Prairie living in Single-detached houses, while 22% lived in apartments. Abut 9% lived in Row and semi-detached houses. The rest lived in detached duplexes and movable dwellings.