Hamilton Income and Insurance Needs
The average total income of households in 2015 in Hamilton was a relatively high $87,775. In the group earning $100,000 and over, there were 16,955 males and 5,905 females. Taking Canada as a whole, men earn an average of $55,049 and women earn an average of $38,482. 45,885 Hamilton residents revealed an after-tax income of $80,000 or more. This number of high earners indicates a significant number of professionals and business owners, many of whom will require various specialized insurance products. Policies like errors & omissions insurance, indemnity insurance. Commercial general liability insurance and building construction liability insurance are more widely used by higher-income individuals.