Charlottetown Income and Insurance Needs
The average after-tax income in 2015 among recipients in Charlottetown was $32,920 (67.6% reported having an employment income with 14.9% reporting government transfers as income), with women earning an average of $29,448 and men earning an average of $36,912. Obviously, many earned substantially more, with 8925 individuals reporting a total income of $50,000 or more. Of these high earners, many are in professions such as independent business owners, doctors, lawyers, accountants etc. Therefore, it is likely that products such as commercial general liability insurance, errors and omissions insurance, indemnity insurance and coverage like construction liability insurance protection should also continue to grow along with the growth in population.