Lake of Bays, ON Employment - Median Household Income, Unemployment Rate

B

2%

Household income NAT. AVG.

56%

Unemployment NAT. AVG.

19%

In labour force NAT. AVG.

Index	Lake of Bays	Ontario	National
Median household income	$83,783	$87,353	$82,436
Unemployment rate	2.8%	4.2%	6.4%
In labour force	51.9%	61.7%	63.9%

Key findings

The median household income in Lake of Bays is 2% higher than the national average
The unemployment rate in Lake of Bays is 56% lower than the national average
In Lake of Bays 5.5% of people earn $20,000 or less
In Lake of Bays 11.3% of people earn between $80,000 and $100,000
In Lake of Bays 5.2% of people earn $300,000 or more

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am i middle class

$55,849 $83,783 $167,566

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.

Lake of Bays median earnings by income bracket

Lake of Bays employment by industry

Labour Type	Percent
Construction industry	7.7%
Manufacturing sector	3.0%
Financial & insurance services	2.0%
Wholesale & retail services	8.7%
Public administration	1.8%
Transportation, warehousing & utilities	2.0%
Education, health & social services	5.4%
Other	21.0%

Nearby cities with high median household income

City	Population	Household Income	National Avg.
Huntsville, ON	22,073	$85,005	3.1%
Perry, ON	2,638	$67,841	17.7%
Lake of Bays, ON	3,549	$83,783	1.6%

Cities with similar population

City	Population	Household Income	National Avg.
Osage, IA	3,549	n/a
Calcium, NY	3,548	n/a
State Line, PA	3,548	n/a
Forty Mile County No. 8, AB	3,548	$76,986	6.6%
Piedmont, MO	3,550	n/a
Lake of Bays, ON	3,549	$83,783	1.6%

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