Economic Momentum
Affordable but stagnant. Income is low, job options are narrow, population projected to shrink. Housing affordability is the bright spot — a 3-bed for ~$509K vs $900K+ in Canmore/Sedona.
| Factor | Finding | Source |
|---|---|---|
| Median household income | $61,600 (32% below BC avg) | T2 |
| Housing affordability | Median $399–509K (22% below BC avg). Shelter $710/mo owners, $900 renters | T2 |
| Job growth | Kootenay region stable; legacy industries (logging, mining remnants, agriculture) | T2 |
| Business formation | Small-town services economy. Rock wool manufacturing, metal fabrication | T3 |
| Cost of living | 8% below BC average | T2 |
| Population projection | Decline projected 2026-2041 per BC Stats | T2 |
| Government employment % | pending | — |
| Self-employment rate | pending | — |
| Businesses per 1,000 residents | pending | — |