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November 30, 2016 - 8:00 PM
KAMLOOPS - Kelowna and Kamloops are among the best places to work in B.C., according to a provincial business magazine.
Both cities ranked in the top ten of B.C. Businesses annual ranking of best cities in B.C. to work in, placing higher than Vancouver, Victoria and Burnaby. The magazine ranked 36 municipalities in B.C. against each other. Top of the chart was Squamish. Kelowna took fourth, up seven spots from the previous year, while Kamloops placed eighth, up five spots.
The report’s findings are based on seven factors: unemployment rate, average household income, average household income of primary household earners under 35 years old, average shelter costs, population growth over five years, average household spending on recreational activities and five year average household income growth.
Vernon held onto the same ranking as last year, just below average at 22. Penticton fell to the bottom of the list from 29 to 34.
The article cites Kelowna’s draw for young workers and the tech industry for its jump. For Kamloops, the city's recreational opportunities were a reason for its rise in the rankings.
Kamloops scored higher than Kelowna on average income and average income of people under 35, but Kelowna made up for it with recent population growth, which Kamloops has seen little of in the last five years, according to the report.
Average income for people under 35 is among the lowest in the province in Penticton and Vernon. Penticton also had the lowest rate of growth, shrinking over the past fiver years by 2.25 per cent.
The report was put together by B.C. Business magazine along with a Toronto-based analytics firm using data from municipalities and Statistics Canada.
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