Cormack, NL Employment - Median Household Income, Unemployment Rate

F

24%

Household income NAT. AVG.

135%

Unemployment NAT. AVG.

14%

In labour force NAT. AVG.

Index	Cormack	Newfoundland and Labrador	National
Median household income	$63,005	$73,940	$82,436
Unemployment rate	15.1%	10.8%	6.4%
In labour force	55.2%	57.3%	63.9%

Key findings

The median household income in Cormack is 24% lower than the national average
The unemployment rate in Cormack is 135% higher than the national average
In Cormack 8.4% of people earn $20,000 or less
In Cormack 13.2% of people earn between $80,000 and $100,000
In Cormack 1.2% of people earn $300,000 or more

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am i middle class

$41,999 $63,005 $126,010

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.

Cormack median earnings by income bracket

Cormack employment by industry

Labour Type	Percent
Construction industry	4.0%
Manufacturing sector	3.0%
Financial & insurance services	0.0%
Wholesale & retail services	5.2%
Public administration	1.6%
Transportation, warehousing & utilities	0.4%
Education, health & social services	9.6%
Other	31.1%

Nearby cities with high median household income

City	Population	Household Income	National Avg.
Reidville, NL	511	$75,357	8.6%
Deer Lake, NL	5,214	$64,803	21.4%
Division No. 5, Subd. E, NL	219	$45,936	44.3%
Howley, NL	192	$41,722	49.4%
Cormack, NL	566	$63,005	23.6%

Cities with similar population

City	Population	Household Income	National Avg.
Woodland, AL	566	n/a
Peeples Valley, AZ	566	n/a
Upper Santan Village, AZ	566	n/a
Damiansville, IL	566	n/a
Lakewood Shores, IL	566	n/a
Cormack, NL	566	$63,005	23.6%

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