Richest postal codes in Toronto 2023. This is an article that aims to list the richest postal codes in Toronto. The city of Toronto has a high concentration of wealthy people with an average household income above $100,000.
There are over 1000 postal codes with a median income of over $100,000. Some postal codes in Toronto have average annual incomes more than 10 times that of the average Canadian household income.
According to Forbes ranking, Toronto ranks as one of the Wealthy cities in Canada and 14th based on the data from New World Wealth which includes the five wealthiest cities in each major region, and the 25 fastest-growing cities in terms of millionaire growth.
Lawrence Park, Toronto is the richest postal code in Canada as of 2023. However, other areas like Montreal have some of the wealthiest suburbs. Currently, Westmount I the richest area in Montreal with an average household net worth of $7,574,692.
Which is the richest postal code in Toronto?
As of 2023, Lawrence Park is now the richest postal code in Toronto, with an estimated net worth of $3,824,165. The neighborhood boasts a rustic charm with its winding roads, rolling hills, and intricate ravine. Homes cost between $1 million and $9 million.
The fastest growing postal code in Toronto is a postal code located near Bleecker, 647-A. The average income in this area is $96,569 and the median property value is $2,500,000.
From the shores of West Vancouver to Montreal’s Westmount neighborhood, these are Toronto’s richest postal codes in 2023.
Richest postal codes in Toronto
- Lawrence Park.
- Bridle Path.
- York Mills.
- Forrest Hill.
- Moore Park.
- Casa Loma.
What is the richest postal code in Canada?
Lawrence Park is the richest postal code in Canada. Chosen as one of Toronto’s first planned garden suburbs, Lawrence Park ranks as one of the richest neighborhoods in Canada today among some top cities like West Vancouver which is the richest neighborhood in Canada with an average household net worth of $4,454,424.
What is the cheapest area to live in Toronto?
West Humber-Clairville, Located in the northwestern part of Toronto is one of the cheapest areas to consider living in Toronto. It offers a variety of affordable living options whereas Bridle Path, Yorks Mills, and Sunnybrook areas are often associated with billionaires living in Toronto.
Overall, Toronto is not a wealthy city relative to other major Canadian cities. However, some postal codes in Toronto stand out as being much more affluent than others. Perhaps the most interesting thing to find in this data is that many of the high-income postal code areas are also the richest.