Economic Statistics

Economic Statistics

Slave Lake Site Matrix

The Slave Lake Region includes three jurisdictions: the Town of Slave Lake, the Municipal District of Lesser Slave River No. 124, and the Sawridge First Nation. Combined the region is home to over 10,000 people and boasts a trading area population of over 25,000 people. The growing economy is fostered by oil & gas extraction, construction, retail trade, mining, forestry and manufacturing. View our Site Matrix and Economic Profile for a full overview of our regional economic statistics and investment opportunities.

Demographics

Population of Region: ~ 10,000 people
Trading Area Population: ~ 25,000 people
Number of Households: Over 3,850
Number of Businesses: Over 750
Average Age: 31 years

Workforce (2011)

Total Number in Workforce: ~ 5,305
Employment Rate: 76.40%
Unemployment Rate: 5.40%

Quality of Economic Life

Average Household Income: $95,000
Average House Cost (New Construction): $400,000
Average house Cost (Resale): $350,000
Average Rental (1,000 sq. ft. / month): $1,200

Education

Primary Schools: 3
Secondary Schools: 2
Outreach Schools: 2
Post-Secondary: Northern Lakes College

Largest Employers

Private Sector
Alberta Plywood
Apache Canada
Atco Gas & Electric
Black Pearl
Canadian Natural – CNRL
Devon Oil Canada
Husky Oil & Energy
Pengrowth
Penn West Petroleum
Royal Dutch Shell
Slave Lake Pulp
Tiger Calcium
Tolko Industries
Vanderwell Contractors

Public Sector
Alberta Health Services
High Prairie School Division
Government of Alberta
Living Waters Catholic Regional School Divisions
Municipal District of Lesser Slave River
Town of Slave Lake
Northern Lakes College

Average Wages

Agriculture: $21.62
Forestry & Logging: $25.62
Oil & Gas Extraction: $33.30
Utilities: $39.78
Construction: $28.81
Manufacturing: $28.37
Wholesale Trade: $25.10
Retail Trade: $19.08
Transportation & Warehousing: $31.89
Information, Culture, Recreation: $18.30
Finance, Insurance, Real Estate: $25.88
Health Care & Social Assistance: $28.15
Education: $31.41
Accommodation & Food Service: $13.02
Public Administration: $31.24
Mining: $33.30