King's Cove, NL Employment - Median Household Income, Unemployment Rate

F

37%

Household income NAT. AVG.

188%

Unemployment NAT. AVG.

25%

In labour force NAT. AVG.

Index	King's Cove	Newfoundland and Labrador	National
Median household income	$51,847	$73,940	$82,436
Unemployment rate	18.5%	10.8%	6.4%
In labour force	48.2%	57.3%	63.9%

Key findings

The median household income in King's Cove is 37% lower than the national average
The unemployment rate in King's Cove is 188% higher than the national average
In King's Cove 12.5% of people earn $20,000 or less
In King's Cove 10.0% of people earn between $80,000 and $100,000
In King's Cove 0.0% of people earn $300,000 or more

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am i middle class

$34,561 $51,847 $103,694

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.

King's Cove median earnings by income bracket

King's Cove employment by industry

Labour Type	Percent
Construction industry	16.1%
Manufacturing sector	0.0%
Financial & insurance services	0.0%
Wholesale & retail services	0.0%
Public administration	1.2%
Transportation, warehousing & utilities	1.2%
Education, health & social services	27.2%
Other	2.5%

Nearby cities with high median household income

City	Population	Household Income	National Avg.
Division No. 7, Subd. I, NL	62	$54,566	33.8%
Trinity (Trinity Bay), NL	180	$54,267	34.2%
Salvage, NL	118	$53,480	35.1%
Division No. 7, Subd. J, NL	449	$53,342	35.3%
Duntara, NL	24	$52,554	36.2%
King's Cove, NL	86	$51,847	37.1%

Cities with similar population

City	Population	Household Income	National Avg.
Lake City, CA	86	n/a
Climbing Hill, IA	86	n/a
Bingham, IL	86	n/a
Maple City, MI	86	n/a
Lake Henry, MN	86	n/a
King's Cove, NL	86	$51,847	37.1%

Source: The King's Cove, NL data and statistics displayed above are derived from Statistics Canada and updated for 2021 by Environics Analytics.