New Waterford, NS Employment - Median Household Income, Unemployment Rate

F

38%

Household income NAT. AVG.

21%

Unemployment NAT. AVG.

31%

In labour force NAT. AVG.

Index	New Waterford	Cape Breton	Nova Scotia
Median household income	$51,416	$60,933	$71,343
Unemployment rate	7.7%	7.7%	5.7%
In labour force	44.3%	51.1%	61.2%

Key findings

The median household income in New Waterford is 38% lower than the national average
The unemployment rate in New Waterford is 21% higher than the national average
In New Waterford 13.1% of people earn $20,000 or less
In New Waterford 8.5% of people earn between $80,000 and $100,000
In New Waterford 0.3% of people earn $300,000 or more

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am i middle class

$40,617 $60,933 $121,866

City

$47,557 $71,343 $142,686

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.

New Waterford median earnings by income bracket

New Waterford employment by industry

Labour Type	Percent
Construction industry	3.9%
Manufacturing sector	1.8%
Financial & insurance services	0.4%
Wholesale & retail services	6.5%
Public administration	2.5%
Transportation, warehousing & utilities	1.4%
Education, health & social services	11.4%
Other	14.6%

Nearby cities with high median household income

City	Population	Household Income	National Avg.
Membertou 28B, NS	1,070	$45,792	44.5%
Cape Breton, NS	94,573	$60,933	26.1%

Cities with similar population

City	Population	Household Income	National Avg.
Sunrise, FL	94,657	n/a
North Vancouver, BC	94,662	$132,873	61.2%
Quincy, MA	94,389	n/a
Plantation, FL	94,366	n/a
Dearborn, MI	94,328	n/a
Cape Breton, NS	94,573	$60,933	26.1%

Source: The New Waterford, Cape Breton, NS data and statistics displayed above are derived from Statistics Canada and updated for 2021 by Environics Analytics.

New Waterford, Cape Breton, NS Employment