Manitoba offers a stable, diversified economy with incomes below the national average but significantly more affordable housing than Canada’s largest cities. Winnipeg, as the provincial capital and largest city, anchors the province’s economy.
Average and median income in Manitoba
| Metric | Amount | vs. Canada |
|---|---|---|
| Average Individual Income | $50,300 | -$5,800 |
| Median Individual Income | $40,800 | -$3,400 |
| Average Household Income | $128,500 | -$18,100 |
| Average After-Tax HHI | $105,600 | -$15,000 |
| Median Household Income | $108,600 | -$12,400 |
| Median After-Tax HHI | $93,500 | -$11,300 |
Source: Statistics Canada, Canada Income Survey 2023.
Manitoba’s incomes are below the national average across all metrics, but the province’s low cost of living — particularly housing — means purchasing power is closer to the national level than gross income figures suggest. Use our salary calculator to see your Manitoba after-tax take-home pay.
Average household income in Winnipeg
| City | Average HHI | Median HHI | Avg Home Price |
|---|---|---|---|
| Winnipeg | $130,200 | $109,800 | $365,000 |
Winnipeg’s household income is slightly above the provincial average, reflecting higher-paying opportunities in the city’s diversified economy.
Income vs. housing affordability in Manitoba
| City | Median HHI | Avg Home Price | Price-to-Income Ratio |
|---|---|---|---|
| Winnipeg | $109,800 | $365,000 | 3.3× |
Winnipeg’s 3.3× price-to-income ratio is among the lowest in Canada, making it far more affordable than Toronto (7.6×) or Vancouver (9.5×). Use our mortgage affordability calculator to see what you can afford.
Key industries driving Manitoba income
- Agriculture and food processing — Manitoba is a major producer of wheat, canola, and livestock. Food processing companies like Maple Leaf Foods and Richardson International are significant employers.
- Aerospace and defence — Winnipeg is Canada’s third-largest aerospace hub, home to Boeing’s composite manufacturing centre, StandardAero, and Magellan Aerospace.
- Financial services — Great-West Lifeco (parent of Canada Life), Wawanesa Mutual Insurance, and other financial institutions are headquartered in Winnipeg.
- Government and public sector — Provincial government and large Crown corporations like Manitoba Hydro provide stable employment.
- Transportation and logistics — Winnipeg’s central location makes it a distribution hub, with CN Rail, CP Rail, and numerous trucking companies.
- Healthcare — Major hospital networks and the University of Manitoba’s medical faculty.
Manitoba’s tax environment
- PST of 7% — Combined with 5% GST for 12% total
- Provincial income tax rates — 10.8% to 17.4%, roughly mid-range nationally
- Education property tax credit — Manitoba offers a refundable education property tax credit
Manitoba’s tax burden is moderate compared to other provinces. Lower than Quebec but higher than Alberta. Calculate your exact take-home with our income tax calculator.
How Manitoba compares to other provinces
| Province | Avg Individual Income | Median Individual Income | Avg HHI |
|---|---|---|---|
| Alberta | $64,200 | $49,400 | $161,900 |
| Saskatchewan | $55,100 | $44,000 | $133,000 |
| Manitoba | $50,300 | $40,800 | $128,500 |
| Nova Scotia | $48,200 | $38,100 | $120,800 |
| Canada | $56,100 | $44,200 | $146,600 |
Manitoba’s combination of moderate income and affordable housing makes it an attractive option for those prioritizing homeownership and cost of living. Use our income percentile calculator to see how your income ranks.
Related tools and resources
- Income Percentile Calculator — See where your income ranks in Canada
- Salary Calculator — Calculate your Manitoba after-tax pay
- Income Tax Calculator — Estimate your Manitoba income tax
- Manitoba Mortgage Rates — Find the best rates
- Manitoba Housing Market — Current home prices and trends
- Mortgage Affordability Calculator — How much home can you afford