Elkford’s high incomes are one of the distinguishing characteristics of the community. Median household income in Elkford has risen 14% since 2001. The 2005 median household income of $74,707 was 60% higher than the provincial and East Kootenay Region median – a 20% increase in the differential since 2000. 79% of Elkford households had an income of more than $50,000. High incomes can be attributed to the predominance of the mining industry (Teck Coal).
Elkford has several hundred vacant and fully serviced residential lots that are privately owned and are being developed over time. The updated Official Community Plan is expected to designate new areas for residential development.
Population By Age
Compared to elsewhere in B.C., Elkford has a younger population characterized by relatively few people aged 65+, more children under 15, and more residents in prime working years from age 25 to 49. Elkford’s population is aging, though less rapidly than the East Kootenay or B.C. population. Between 2001 and 2006, people under the age of 24 declined 4%, and people over the age of 50 rose 6%. Elkford’s median age is significantly lower than the surrounding East Kootenay Region, and one year lower than B.C.’s median age.
Level of Education
Reflecting the nature of mine employment, Elkford’s educational profile is weighted more heavily toward apprenticeship/trades certification or diploma achievement.