Baie Verte, NL Employment - Median Household Income, Unemployment Rate

D

12%

Household income NAT. AVG.

74%

Unemployment NAT. AVG.

27%

In labour force NAT. AVG.

Index	Baie Verte	Newfoundland and Labrador	National
Median household income	$72,865	$73,940	$82,436
Unemployment rate	11.2%	10.8%	6.4%
In labour force	46.4%	57.3%	63.9%

Key findings

The median household income in Baie Verte is 12% lower than the national average
The unemployment rate in Baie Verte is 74% higher than the national average
In Baie Verte 7.4% of people earn $20,000 or less
In Baie Verte 10.8% of people earn between $80,000 and $100,000
In Baie Verte 1.6% of people earn $300,000 or more

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am i middle class

$48,571 $72,865 $145,730

City

$49,288 $73,940 $147,880

State

$54,951 $82,436 $164,872

Nation

According to the PEW research center, the middle class is defined as a range from two thirds (2/3) of the median household income to a multiple of two (2) times the median household income. Displayed above are the city, state and national median household income averages. Simply enter your median household income to determine if your income falls into the middle class or if your household income is considered upper or lower class.

Baie Verte median earnings by income bracket

Baie Verte employment by industry

Labour Type	Percent
Construction industry	3.2%
Manufacturing sector	1.0%
Financial & insurance services	0.7%
Wholesale & retail services	7.9%
Public administration	3.4%
Transportation, warehousing & utilities	1.9%
Education, health & social services	11.6%
Other	16.1%

Nearby cities with high median household income

City	Population	Household Income	National Avg.
Ming's Bight, NL	299	$88,905	7.8%
Seal Cove (White Bay), NL	289	$61,296	25.6%
Middle Arm, NL	442	$60,000	27.2%
Division No. 8, Subd. A, NL	295	$59,528	27.8%
Pacquet, NL	149	$51,869	37.1%
Baie Verte, NL	1,257	$72,865	11.6%

Cities with similar population

City	Population	Household Income	National Avg.
Edgerton, MN	1,257	n/a
Mansfield, MO	1,257	n/a
Union Springs, NY	1,257	n/a
Hilldale, PA	1,257	n/a
Prosperity, SC	1,257	n/a
Baie Verte, NL	1,257	$72,865	11.6%

Source: The Baie Verte, NL data and statistics displayed above are derived from Statistics Canada and updated for 2021 by Environics Analytics.