Bay de Verde, NL Employment - Median Household Income, Unemployment Rate

F

27%

Household income NAT. AVG.

69%

Unemployment NAT. AVG.

16%

In labour force NAT. AVG.

Index	Bay de Verde	Newfoundland and Labrador	National
Median household income	$60,000	$73,940	$82,436
Unemployment rate	10.9%	10.8%	6.4%
In labour force	53.5%	57.3%	63.9%

Key findings

The median household income in Bay de Verde is 27% lower than the national average
The unemployment rate in Bay de Verde is 69% higher than the national average
In Bay de Verde 9.6% of people earn $20,000 or less
In Bay de Verde 14.0% of people earn between $80,000 and $100,000
In Bay de Verde 0.0% of people earn $300,000 or more

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am i middle class

$39,996 $60,000 $120,000

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.

Bay de Verde median earnings by income bracket

Bay de Verde employment by industry

Labour Type	Percent
Construction industry	0.3%
Manufacturing sector	26.7%
Financial & insurance services	0.0%
Wholesale & retail services	2.0%
Public administration	0.6%
Transportation, warehousing & utilities	3.3%
Education, health & social services	0.6%
Other	20.1%

Nearby cities with high median household income

City	Population	Household Income	National Avg.
Old Perlican, NL	620	$87,131	5.7%
Division No. 1, Subd. G, NL	1,875	$53,055	35.6%
Bay de Verde, NL	385	$60,000	27.2%

Cities with similar population

City	Population	Household Income	National Avg.
Kiana, AK	385	n/a
Junction City, GA	385	n/a
Midlothian, MD	385	n/a
Elmore, MN	385	n/a
Preston-Potter Hollow, NY	385	n/a
Bay de Verde, NL	385	$60,000	27.2%

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