V1K (Merritt and area)

Postal area · British Columbia · Population 9,475

About postal areas

This area covers the postal codes that start with . Its figures come from the Census areas inside it. Full postal codes aren't open data, so a postal code search shows the postal area it belongs to. Crime and growth figures, marked Estimated, average the municipalities where its residents live.

Housing and jobs

Housing costs, rents, incomes and jobs in V1K (Merritt and area), with comparisons and sources.

Affordability

54 · Average

Average monthly rent$1,012/month

BC: $1,494/month · Canada: $1,209/month · 2006: $745/month (estimated) · 2016: $841/month (estimated) (in 2021 dollars) · Statistics Canada, 2021

Median dwelling value (owner-estimated)$438,008

BC: $785,000 · Canada: $472,000 · Estimated · 2016: $282,048 (estimated) (in 2021 dollars) · Statistics Canada, 2021

Households spending 30%+ of income on housing16.8%

BC: 25.5% · Canada: 20.9% · 2006: 24.2% (estimated) · 2016: 22.4% (estimated) · Statistics Canada, 2021

Economy

33 · Below average

Median household income$70,963

BC: $85,000 · Canada: $84,000 · Estimated · 2006: $58,440 (estimated) · 2016: $66,909 (estimated) (in 2020 dollars) · Statistics Canada, 2021

Population growth (5-year)-0.5%

BC: 7.6% · Canada: 5.2% · Average of the municipalities here · Estimated · Statistics Canada, 2021

Unemployment rate9.3%

BC: 8.4% · Canada: 10.3% · 2006: 8.9% (estimated) · 2016: 11.1% (estimated) · Statistics Canada, 2021