Comfort Cove-Newstead, NL Employment - Median Household Income, Unemployment Rate

F

39%

Household income NAT. AVG.

168%

Unemployment NAT. AVG.

25%

In labour force NAT. AVG.

Index	Comfort Cove-Newstead	Newfoundland and Labrador	National
Median household income	$50,150	$73,940	$82,436
Unemployment rate	17.2%	10.8%	6.4%
In labour force	47.9%	57.3%	63.9%

Key findings

The median household income in Comfort Cove-Newstead is 39% lower than the national average
The unemployment rate in Comfort Cove-Newstead is 168% higher than the national average
In Comfort Cove-Newstead 10.4% of people earn $20,000 or less
In Comfort Cove-Newstead 9.3% of people earn between $80,000 and $100,000
In Comfort Cove-Newstead 1.6% of people earn $300,000 or more

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am i middle class

$33,429 $50,150 $100,300

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.

Comfort Cove-Newstead median earnings by income bracket

Comfort Cove-Newstead employment by industry

Labour Type	Percent
Construction industry	5.4%
Manufacturing sector	23.8%
Financial & insurance services	0.0%
Wholesale & retail services	0.6%
Public administration	0.3%
Transportation, warehousing & utilities	2.0%
Education, health & social services	2.3%
Other	12.9%

Nearby cities with high median household income

City	Population	Household Income	National Avg.
Little Burnt Bay, NL	258	$60,512	26.6%
Birchy Bay, NL	522	$60,326	26.8%
Campbellton, NL	406	$60,000	27.2%
Lewisporte, NL	3,256	$59,813	27.4%
Cottlesville, NL	261	$56,251	31.8%
Comfort Cove-Newstead, NL	371	$50,150	39.2%

Cities with similar population

City	Population	Household Income	National Avg.
Farmersburg, IA	371	n/a
Kendrick, ID	371	n/a
New Point, IN	371	n/a
Monterey, LA	371	n/a
Bear Lake, MI	371	n/a
Comfort Cove-Newstead, NL	371	$50,150	39.2%

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