Fermont, QC Employment - Median Household Income, Unemployment Rate

A+

120%

Household income NAT. AVG.

69%

Unemployment NAT. AVG.

30%

In labour force NAT. AVG.

Index	Fermont	Quebec	National
Median household income	$181,560	$72,311	$82,436
Unemployment rate	2.0%	3.7%	6.4%
In labour force	82.9%	64.3%	63.9%

Key findings

The median household income in Fermont is 120% higher than the national average
The unemployment rate in Fermont is 69% lower than the national average
In Fermont 0.0% of people earn $20,000 or less
In Fermont 7.2% of people earn between $80,000 and $100,000
In Fermont 5.5% of people earn $300,000 or more

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am i middle class

$121,027 $181,560 $363,120

City

$48,202 $72,311 $144,622

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.

Fermont median earnings by income bracket

Fermont employment by industry

Labour Type	Percent
Construction industry	0.8%
Manufacturing sector	5.8%
Financial & insurance services	0.5%
Wholesale & retail services	6.6%
Public administration	3.5%
Transportation, warehousing & utilities	2.5%
Education, health & social services	10.8%
Other	51.9%

Nearby cities with high median household income

City	Population	Household Income	National Avg.
Labrador City, NL	7,007	$135,913	64.9%
Wabush, NL	1,841	$133,400	61.8%
Fermont, QC	2,107	$181,560	120.2%

Cities with similar population

City	Population	Household Income	National Avg.
Burns Harbor, IN	2,107	n/a
Frankton, IN	2,107	n/a
Logan, WV	2,107	n/a
Grand Bank, NL	2,107	$51,205	37.9%
Richmond, IL	2,106	n/a
Fermont, QC	2,107	$181,560	120.2%

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