Prince George is the largest city in the region of nearly 320,000 people that it serves. With a considerable number of large natural resource-oriented projects slated for construction across the north, existing Prince George businesses are already seeing an increased demand for their products and services and the city is seeing an influx of new businesses starting up.
Currently, there are over $140 billion worth of major capital projects proposed and an additional $23 billion already underway in BC; many of which are in the northern and north-central parts of the province. As a result, the professional services, construction and manufacturing sectors are among the fastest growing sectors in Prince George. Due to the growing and aging population in the city, the healthcare and education sectors are also expanding.
According to the BC Government, over one million job openings are expected in BC from 2010 to 2020. During this period, growth in the demand for workers is expected to outpace supply, leading to an estimated shortage of 61,600 workers by 2020. A total of 350,000 jobs will be newly created and 676,000 will open up due to retirement. Anyone looking for an opportunity to build or expand their career should consider Prince George as a prime location.
In 2013, the city was named by MSN Magazine as one of the top ten Canadian Cities in which to find employment. This rating is partly due to Prince George having one of the lowest unemployment rates in Canada, with only 11 other cities reporting lower unemployment rates.
One of the biggest benefits of living and working in Prince George is the low cost of living. People in Prince George earn a higher average income than the province as a whole and spend less on housing. The median household income for couples with our without families in Prince George is $102,080 versus the British Columbia average of $86,180. Homeowners in Prince George spend 27.2% of their income on their mortgage versus homeowners in Vancouver who spend an average of 125.4%. With round-trip driving distances within Prince George being 30 minutes or less, the amount of money spent on gas is minimal.
With an economy that is growing at nearly double the rate of the rest of the province, a low cost of living for residents and higher than average incomes, Prince George is a great place to live if you want to move up!