Balfour, ON Employment - Median Household Income, Unemployment Rate

B+

4%

Household income NAT. AVG.

32%

Unemployment NAT. AVG.

11%

In labour force NAT. AVG.

Index	Balfour	Hamilton	Ontario
Median household income	$85,527	$103,220	$87,353
Unemployment rate	4.3%	3.6%	4.2%
In labour force	57.1%	51.8%	61.7%

Key findings

The median household income in Balfour is 4% higher than the national average
The unemployment rate in Balfour is 32% lower than the national average
In Balfour 3.6% of people earn $20,000 or less
In Balfour 13.8% of people earn between $80,000 and $100,000
In Balfour 0.8% of people earn $300,000 or more

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am i middle class

$68,806 $103,220 $206,440

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.

Balfour median earnings by income bracket

Balfour employment by industry

Labour Type	Percent
Construction industry	3.6%
Manufacturing sector	8.9%
Financial & insurance services	1.0%
Wholesale & retail services	8.5%
Public administration	2.3%
Transportation, warehousing & utilities	2.3%
Education, health & social services	15.7%
Other	13.2%

Nearby cities with high median household income

City	Population	Household Income	National Avg.
Burlington, ON	197,435	$110,255	33.7%
Six Nations (Part) 40, ON	1,016	$86,039	4.4%
Hamilton, ON	11,739	$103,220	25.2%

Cities with similar population

City	Population	Household Income	National Avg.
Archdale, NC	11,738	n/a
Glen Rock, NJ	11,747	n/a
Coldstream, BC	11,728	$122,627	48.8%
Oskaloosa, IA	11,727	n/a
Evanston, WY	11,727	n/a
Hamilton, ON	11,739	$103,220	25.2%

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

Balfour, Hamilton, ON Employment