Prospect Bay, NS Employment - Median Household Income, Unemployment Rate

A

27%

Household income NAT. AVG.

46%

Unemployment NAT. AVG.

3%

In labour force NAT. AVG.

Index	Prospect Bay	Halifax	Nova Scotia
Median household income	$105,074	$80,863	$71,343
Unemployment rate	3.5%	5.1%	5.7%
In labour force	61.8%	67.3%	61.2%

Key findings

The median household income in Prospect Bay is 27% higher than the national average
The unemployment rate in Prospect Bay is 46% lower than the national average
In Prospect Bay 6.1% of people earn $20,000 or less
In Prospect Bay 13.8% of people earn between $80,000 and $100,000
In Prospect Bay 2.9% of people earn $300,000 or more

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am i middle class

$53,903 $80,863 $161,726

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.

Prospect Bay median earnings by income bracket

Prospect Bay employment by industry

Labour Type	Percent
Construction industry	8.1%
Manufacturing sector	2.1%
Financial & insurance services	2.4%
Wholesale & retail services	9.7%
Public administration	5.7%
Transportation, warehousing & utilities	4.5%
Education, health & social services	11.2%
Other	17.9%

Nearby cities with high median household income

City	Population	Household Income	National Avg.
Halifax, NS	451,852	$80,863	1.9%

Cities with similar population

City	Population	Household Income	National Avg.
Virginia Beach, VA	450,882	n/a
Laval, QC	445,050	$84,211	2.2%
Miami, FL	461,080	n/a
Long Beach, CA	462,081	n/a
Raleigh, NC	469,698	n/a
Halifax, NS	451,852	$80,863	1.9%

Source: The Prospect Bay, Halifax, NS data and statistics displayed above are derived from Statistics Canada and updated for 2021 by Environics Analytics.

Prospect Bay, Halifax, NS Employment