Slave Lake is a small town on the shores of Lesser Slave Lake, at the halfway point between Edmonton and Fort McMurray. Its economy has traditionally been driven by the oil, gas, and forestry industries. However, in recent years, its tourism and retail sectors have been on the rise.
An average household income of C$95,000 makes it easy for the residents of Slave Lake to save. The cost of living is relatively low, especially when compared to the larger towns of Edmonton and Fort McMurray in its proximity. Most single-family homes in the local area cost around C$350,000.
Slave Lake, AB Job Opportunities
Many of Slave Lake's job opportunities are found in Mitsue Industrial Park, on the town's outskirts. This industrial subdivision is home to several wood processing facilities, numerous gas and oil processing plants, a waste and product management service, and a number of small businesses. Together Mitsue Industrial Park's businesses employ approximately 2,000 professionals with a range of skills including manufacturers, engineers, and supervisors.
Slave Lake's retail industry has grown rapidly over the last decade. There are many opportunities for cashiers and store managers at Cornerstone Shopping Centre, a 35-acre mall featuring major chains, including Walmart, Staples, and Subway. In addition, Slave Lake's downtown region features a mix of large retailers and independent stores.
Slave Lake Healthcare Centre, part of Alberta Health Services, is also one of Slave Lake's largest employers. Physicians, registered nurses, and other medical professionals may find work at this fully integrated health facility.
Slave Lake, AB Job Employment Trends
Slave Lake's strong economy is reflected in its low unemployment rate which stands at approximately 5.4 per cent, lower than both the Alberta and Canada average. The people of Slave Lake are less reliant on government benefits than the rest of the population, with nearly 94 per cent of all local income coming from wages, salaries, and self-employment income.