Grand Bank, NL Employment - Median Household Income, Unemployment Rate

F

38%

Household income NAT. AVG.

40%

Unemployment NAT. AVG.

29%

In labour force NAT. AVG.

Index	Grand Bank	Newfoundland and Labrador	National
Median household income	$51,205	$73,940	$82,436
Unemployment rate	9.0%	10.8%	6.4%
In labour force	45.2%	57.3%	63.9%

Key findings

The median household income in Grand Bank is 38% lower than the national average
The unemployment rate in Grand Bank is 40% higher than the national average
In Grand Bank 9.0% of people earn $20,000 or less
In Grand Bank 10.3% of people earn between $80,000 and $100,000
In Grand Bank 0.4% of people earn $300,000 or more

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am i middle class

$34,133 $51,205 $102,410

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.

Grand Bank median earnings by income bracket

Grand Bank employment by industry

Labour Type	Percent
Construction industry	2.4%
Manufacturing sector	9.6%
Financial & insurance services	0.6%
Wholesale & retail services	5.7%
Public administration	2.4%
Transportation, warehousing & utilities	2.1%
Education, health & social services	10.3%
Other	11.2%

Nearby cities with high median household income

City	Population	Household Income	National Avg.
Division No. 2, Subd. G, NL	10	$125,000	51.6%
Lamaline, NL	258	$72,838	11.6%
Lawn, NL	563	$67,710	17.9%
Division No. 2, Subd. H, NL	184	$62,878	23.7%
Lord's Cove, NL	147	$53,236	35.4%
Grand Bank, NL	2,107	$51,205	37.9%

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
Fermont, QC	2,107	$181,560	120.2%
Richmond, IL	2,106	n/a
Grand Bank, NL	2,107	$51,205	37.9%

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