The City of North York is home to a vibrant business center that also houses a good number of national corporations, and considered a secondary economy hub next to downtown Toronto.
Around 72% of jobs are in the white collar sector, with 73% of workers employed by private companies, 11,5% activating as government workers, 10% in non-profit companies, and around 5% self-employed.
The average household income in North York is around $76,000, with a median income of just over $80,000 for 45 to 64 year-olds, and over $70,000 for 25 to 44 year-olds. The top employers in the area are Mcmaster University, University of Toronto, Hydro One, Ontario Power Generation, and TD. The local employment opportunities are centered around the corporate, manufacturing, and product distribution sectors.
The unemployment rate in North York city center is 5.9%, slightly higher than the average for Toronto, which is 4.8%. The in labor force is 59.7%, also a bit lower than average compared to the Greater Toronto Area.