Terrace Bay, ON Employment - Median Household Income, Unemployment Rate

B

6%

Household income NAT. AVG.

52%

Unemployment NAT. AVG.

2%

In labour force NAT. AVG.

Index	Terrace Bay	Ontario	National
Median household income	$87,309	$87,353	$82,436
Unemployment rate	3.1%	4.2%	6.4%
In labour force	62.5%	61.7%	63.9%

Key findings

The median household income in Terrace Bay is 6% higher than the national average
The unemployment rate in Terrace Bay is 52% lower than the national average
In Terrace Bay 3.2% of people earn $20,000 or less
In Terrace Bay 14.3% of people earn between $80,000 and $100,000
In Terrace Bay 1.5% of people earn $300,000 or more

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am i middle class

$58,200 $87,309 $174,618

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.

Terrace Bay median earnings by income bracket

Terrace Bay employment by industry

Labour Type	Percent
Construction industry	2.7%
Manufacturing sector	19.1%
Financial & insurance services	0.7%
Wholesale & retail services	4.8%
Public administration	3.8%
Transportation, warehousing & utilities	5.8%
Education, health & social services	15.3%
Other	10.0%

Nearby cities with high median household income

City	Population	Household Income	National Avg.
Schreiber, ON	1,087	$75,211	8.8%
Terrace Bay, ON	1,726	$87,309	5.9%

Cities with similar population

City	Population	Household Income	National Avg.
Mantachie, MS	1,726	n/a
Paxtang, PA	1,726	n/a
Waskom, TX	1,726	n/a
Beaver Dam, AZ	1,727	n/a
Minorca, LA	1,727	n/a
Terrace Bay, ON	1,726	$87,309	5.9%

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