Faraday, ON Employment - Median Household Income, Unemployment Rate

D+

18%

Household income NAT. AVG.

44%

Unemployment NAT. AVG.

33%

In labour force NAT. AVG.

Index	Faraday	Ontario	National
Median household income	$67,411	$87,353	$82,436
Unemployment rate	3.6%	4.2%	6.4%
In labour force	42.7%	61.7%	63.9%

Key findings

The median household income in Faraday is 18% lower than the national average
The unemployment rate in Faraday is 44% lower than the national average
In Faraday 8.2% of people earn $20,000 or less
In Faraday 10.6% of people earn between $80,000 and $100,000
In Faraday 1.6% of people earn $300,000 or more

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am i middle class

$44,936 $67,411 $134,822

City

$58,229 $87,353 $174,706

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.

Faraday median earnings by income bracket

Faraday employment by industry

Labour Type	Percent
Construction industry	5.8%
Manufacturing sector	2.1%
Financial & insurance services	0.2%
Wholesale & retail services	8.5%
Public administration	2.8%
Transportation, warehousing & utilities	1.7%
Education, health & social services	8.7%
Other	12.9%

Nearby cities with high median household income

City	Population	Household Income	National Avg.
Wollaston, ON	705	$76,009	7.8%
Carlow/Mayo, ON	864	$62,648	24.0%
Bancroft, ON	4,191	$52,940	35.8%
Limerick, ON	368	$43,509	47.2%
Faraday, ON	1,476	$67,411	18.2%

Cities with similar population

City	Population	Household Income	National Avg.
Pioneer, OH	1,476	n/a
Catawissa, PA	1,476	n/a
McConnellstown, PA	1,476	n/a
Lac La Hache 220, SK	1,476	$49,776	39.6%
Double Springs, AL	1,477	n/a
Faraday, ON	1,476	$67,411	18.2%

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