Woody Point, Bonne Bay, NL Employment - Median Household Income, Unemployment Rate

F

45%

Household income NAT. AVG.

153%

Unemployment NAT. AVG.

40%

In labour force NAT. AVG.

Index	Woody Point, Bonne Bay	Newfoundland and Labrador	National
Median household income	$45,089	$73,940	$82,436
Unemployment rate	16.3%	10.8%	6.4%
In labour force	38.1%	57.3%	63.9%

Key findings

The median household income in Woody Point, Bonne Bay is 45% lower than the national average
The unemployment rate in Woody Point, Bonne Bay is 153% higher than the national average
In Woody Point, Bonne Bay 11.0% of people earn $20,000 or less
In Woody Point, Bonne Bay 8.1% of people earn between $80,000 and $100,000
In Woody Point, Bonne Bay 0.0% of people earn $300,000 or more

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am i middle class

$30,056 $45,089 $90,178

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.

Woody Point, Bonne Bay median earnings by income bracket

Woody Point, Bonne Bay employment by industry

Labour Type	Percent
Construction industry	4.4%
Manufacturing sector	6.8%
Financial & insurance services	0.0%
Wholesale & retail services	4.8%
Public administration	0.0%
Transportation, warehousing & utilities	0.0%
Education, health & social services	10.3%
Other	11.9%

Nearby cities with high median household income

City	Population	Household Income	National Avg.
Norris Point, NL	647	$68,376	17.1%
Glenburnie-Birchy Head-Shoal Brook, NL	211	$61,261	25.7%
Rocky Harbour, NL	932	$58,977	28.5%
Division No. 9, Subd. A, NL	117	$57,975	29.7%
Trout River, NL	539	$44,390	46.2%
Woody Point, Bonne Bay, NL	271	$45,089	45.3%

Cities with similar population

City	Population	Household Income	National Avg.
Detroit, AL	271	n/a
Denning, AR	271	n/a
Scranton, AR	271	n/a
El Portal, CA	271	n/a
Gerrard, CO	271	n/a
Woody Point, Bonne Bay, NL	271	$45,089	45.3%

Source: The Woody Point, Bonne Bay, NL data and statistics displayed above are derived from Statistics Canada and updated for 2021 by Environics Analytics.