Stratford Ranks as Second-Highest Living Wage Rate Area in Ontario

A New Report Shows That the City Has a Living Wage Rate of $23.70 Per Hour

A new report has found that Stratford, Ontario has the second-highest living wage rate in the province. The report, which was released by the Ontario Living Wage Network, found that Stratford's living wage rate is $23.70 per hour. This is up from $22.95 per hour in 2021.

The living wage rate is the hourly wage that a worker needs to earn in order to cover basic expenses and provide a decent standard of living for their family. The rate is calculated based on the cost of housing, food, transportation, child care, and other essential expenses.

What Does This Mean for Stratford?

The high living wage rate in Stratford is a sign that the city is a desirable place to live and work. It also means that employers in Stratford need to be prepared to pay their employees a fair wage.

The report found that the living wage rate in Stratford is higher than the provincial average of $22.05 per hour. This is likely due to the city's strong economy and high cost of living.

The high living wage rate in Stratford is good news for workers and families in the city. It means that they will have more money to spend on essential expenses and improve their quality of life.