Demographics and Statistics

There are a total of 938 businesses in Kincardine. In regards to business size the industry that dominates Kincardine, ON is 1 to 4 employees comprising of 192 businesses or 53.93% of the community's business establishments. Coming second is the 5 to 9 employees industry that makes up 20.51% of the business community.The third largest is the 10 to 19 employees industry, which includes 49 businesses. Meanwhile, 4.21 per cent of businesses are considered to be small business, providing jobs to 1 to 99 employees. Then 3.65 per cent make up the medium-sized businesses that employs 100 to 499 people. 8 large companies, those employing more than 500 people, are situated in Kincardine, ON. 

At present, Kincardine, ON has a population of 11,389 people. Overall, the average population is dwindling at an average of -1.04% per year. In the last two census, its population grew by 215 people.

Population is the sum of births plus in-migration, and it signifies the total market size possible in the area. This is an important metric for economic developers to measure their economic health and investment attraction. Businesses also use this as a metric for market size when evaluating startup, expansion or relocation decisions.

61.81 per cent are part of its working-age population, or those between the ages 15 to 64 years old, while 16.2 per cent make up the younger population that will also be part of the labour force in two decades or less. At the present, 3,490 people are expected to retire in the coming years.

Ages chart illustrates the age and gender trends across all age and gender groupings. A chart where the the covered area is primarily on the right describes a very young population while a chart where the the covered area is primarily on the left illustrates an aging population.

80.64% of people in Kincardine, ON are home owners while the remaining are renters. There are 940 renters and 3,915 owners.

With a population at 11,389 people, most inhabitants at Kincardine, ON are above the low income cut-off, or the income a person must earn to be considered to be part of the low income group. Majority are also above the 2,016 national median income of $86,363 per year.

The household incomes chart shows how many household fall in each of the income brackets specified by Statistics Canada.