Average and Median Income in Saskatoon

Saskatoon is Saskatchewan’s largest city, driven by potash mining, agriculture, and a growing technology sector. This page compares its household income with local home prices and other major cities.

Household income data on this page is from Statistics Canada’s 2021 Census, Focus on Geography Series, which reports median after-tax household income by Census Metropolitan Area (CMA) for the 2020 reference year, the most recent year Statistics Canada has published this figure at the city level. For the province-wide figure, see our Saskatchewan income guide.

Median household income in Saskatoon

Source: Statistics Canada, 2021 Census of Population, Focus on Geography Series, “Median after-tax income of households,” Saskatoon (CMA), 2015 to 2020 (2020 constant dollars).

Saskatoon’s median household income in 2020 was the same as in 2015 (Regina’s was the same as in 2015), reflecting a period of commodity price weakness. Saskatchewan’s more recent (2024) province-wide median after-tax income was $75,500; see our Saskatchewan income guide for that figure.

Income vs. housing affordability in Saskatoon

This ratio compares a 2020 household income figure to a home price from August 2026 and should be read as directional. Compare to Toronto at ~11.5× (City of Toronto average price) or Vancouver at ~13.6× (Metro Vancouver benchmark).

How Saskatoon compares to other cities

Board averages move with the mix of homes sold, while an MLS HPI benchmark tracks a typical home, so read ratios built on different measures as approximate. Use our mortgage affordability calculator to see what you can afford today.

Key industries driving Saskatoon income

• Potash and mining: BHP, Nutrien, and K+S Potash all operate near Saskatoon.
• Agriculture — As a major agricultural services centre, Saskatoon is home to agricultural biotech companies and the Canadian Light Source synchrotron
• University and research: The University of Saskatchewan is one of the city’s largest employers and a major research institution
• Healthcare — Jim Pattison Children’s Hospital and Royal University Hospital
• Technology — A small but growing tech sector, particularly in agri-tech and mining technology
• Construction — Ongoing resource development drives demand for skilled trades

Rental affordability in Saskatoon

The average rent for a 1-bedroom purpose-built apartment in Saskatoon was $1,263/month as of the CMHC Rental Market Survey (October 2025), against $1,761 in Toronto and $1,809 in Vancouver. See our Saskatoon rental market page for the full breakdown, and our rent affordability calculator for a personalized estimate.

Income trends in Saskatoon

Saskatoon’s income growth has been closely tied to commodity cycles:

• 2012–2014 — Strong potash and oil prices supported income growth
• 2015–2020 — Commodity downturn slowed income growth; StatCan’s 2021 Census shows Saskatoon’s median household income was essentially flat over this period
• 2021–2025 — Recovery driven by potash demand (global food security concerns), population growth from immigration, and a recovering construction sector

Saskatoon draws some newcomers from Ontario and BC seeking better affordability, although Saskatchewan as a whole has lost more residents to other provinces than it has gained in every year since 2014/2015.

Cost of living beyond housing

Key costs beyond housing in Saskatoon:

• Saskatchewan PST: 6% provincial + 5% federal GST = 11% total (vs. 13% in Ontario or 14% to 15% in the Atlantic provinces)
• Auto insurance: SGI (Saskatchewan Government Insurance) provides public auto insurance. In a 2022 comparison of 27 driver profiles prepared by EY for ICBC, the average premium in Saskatoon was $1,249, vs $2,295 in Toronto, a private-market city in Ontario
• Childcare: Regulated full-time care for children under six has cost $10 a day ($217.50/month) since April 1, 2023, under the Canada-Saskatchewan early learning and child care agreement

Estimate your take-home pay with our income tax calculator or salary calculator.

Related tools and resources

• Saskatoon Housing Market — Current home prices and trends
• Saskatoon Rental Market — Current average rents and vacancy rates
• Saskatchewan Mortgage Rates — Find the best rates
• Income Percentile Calculator — See where your income ranks
• Mortgage Affordability Calculator — How much home can you afford