Chance Cove, NL Employment - Median Household Income, Unemployment Rate

F

33%

Household income NAT. AVG.

77%

Unemployment NAT. AVG.

31%

In labour force NAT. AVG.

Index	Chance Cove	Newfoundland and Labrador	National
Median household income	$55,558	$73,940	$82,436
Unemployment rate	11.3%	10.8%	6.4%
In labour force	44.1%	57.3%	63.9%

Key findings

The median household income in Chance Cove is 33% lower than the national average
The unemployment rate in Chance Cove is 77% higher than the national average
In Chance Cove 10.1% of people earn $20,000 or less
In Chance Cove 9.2% of people earn between $80,000 and $100,000
In Chance Cove 1.7% of people earn $300,000 or more

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am i middle class

$37,034 $55,558 $111,116

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.

Chance Cove median earnings by income bracket

Chance Cove employment by industry

Labour Type	Percent
Construction industry	12.6%
Manufacturing sector	10.9%
Financial & insurance services	1.2%
Wholesale & retail services	4.1%
Public administration	0.0%
Transportation, warehousing & utilities	3.6%
Education, health & social services	4.5%
Other	7.3%

Nearby cities with high median household income

City	Population	Household Income	National Avg.
Sunnyside, NL	373	$106,042	28.6%
Norman's Cove-Long Cove, NL	681	$73,867	10.4%
Arnold's Cove, NL	922	$73,642	10.7%
Chapel Arm, NL	476	$72,277	12.3%
Division No. 1, Subd. Y, NL	1,143	$70,513	14.5%
Chance Cove, NL	241	$55,558	32.6%

Cities with similar population

City	Population	Household Income	National Avg.
Homewood Canyon, CA	241	n/a
Lanare, CA	241	n/a
La Motte, IA	241	n/a
Rose Hill, IA	241	n/a
Anchor, IL	241	n/a
Chance Cove, NL	241	$55,558	32.6%

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