By Age Groups
By Family Types
Low income can best be measured by the Low Income Measure After Tax (LIM-AT) using Taxfiler data, which provides very good coverage of the population (approximately 95% of Canadians). The LIM is a fixed percentage (50%) of median adjusted household income, where “adjusted” reflects the fact that a household’s needs increase as the number of household members increases.
Individuals with Low Income
According to the LIM-AT, the percentage of people living in low income in Simcoe Muskoka remained relatively unchanged at 11% from 2006 to 2014, representing just under 58,000 people in Simcoe Muskoka in 2014. Similarly, the number of Ontarians living in low income has remained stable, around 15% of the population, representing just over 1,963,000 people in 2014.
Total persons refers to each and every individual within any family (including children) in addition to persons living on their own.
Low Income by Age
According to Taxfiler data, 16,650 children under the age of 18 (16%) and 38,430 adults between the ages of 18 and 64 (12%) in Simcoe Muskoka were living with low income (after tax) in 2014. Seniors (65 years and over) had a lower low income rate of 3% (or 2,680). Across all age groups, Simcoe Muskoka had a lower prevalence of low income than Ontario.
Families with Low Income
Among family types, 5% or 7,010 couple families in Simcoe Muskoka were living with low income (after-tax) in 2014. Among lone-parent families, the prevalence of low income was much higher at 30% representing 6.680 lone-parent families with low income. Among non-family persons, 24% or 18,230 people were living with low income in 2014. Couple families, and non-family persons in Simcoe Muskoka had a lower prevalence of low income when compared to Ontario, while the prevalence of low income for lone-parents families was similar when compared to Ontario. (For more information on Family Types, see Single Parent Families.)