The city's median household income in 2015 before tax was $56,714, according to 2016 census data released by Statistics Canada on Wednesday.
Almost two-thirds of Canada's 14 million households saved for retirement in 2015 through one or more of a registered pension plan, a registered retirement savings plan or a tax-free savings account.
Despite Quebec's lacklustre growth overall in average household income, some individual cities in the province - particularly those involved in the mining industry - bucked that trend.
The B.C. community with the highest median household income was Fort St. John at $107,091, a 27.5 per cent jump from the 2005 figure.
Ontario saw 318,000 jobs lost over the 10-year period studied, and saw slower income growth of 3.8 per cent ($74,287) placing it in sixth place in national averages. Meanwhile, the community with the lowest median household income was Port Alberni with $55,131, only a 1.4 per cent increase over 2005's median income.
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Between 2005 to 2015 Canadian median income rose from $63,457 in 2005 to $70,336, an increase of 10.8%.
Jumps to median income varied wildly throughout the province. Median incomes went up 11.2 per cent in Vancouver.
"That is telling us that there are actually more people in the working age group, for example, that is one reason contributing to the growth here because they tend to be making wages and salaries instead of collecting income from the government", said Yuen. Of those, 32 per cent were earning roughly the same income, compared to 20.6 per cent in 1985.
Ontario metropolitan areas had the largest increases in low income rates, with Windsor's rising from 14 per cent in 2005 to 17.5 per cent in 2015.
The census data also showed that Canadians are saving for retirement.