The Coves, ON Employment - Median Household Income, Unemployment Rate

D

32%

Household income NAT. AVG.

4%

Unemployment NAT. AVG.

4%

In labour force NAT. AVG.

Index	The Coves	London	Ontario
Median household income	$56,400	$69,600	$87,353
Unemployment rate	6.2%	4.5%	4.2%
In labour force	61.3%	58.9%	61.7%

Key findings

The median household income in The Coves is 32% lower than the national average
The unemployment rate in The Coves is 4% lower than the national average
In The Coves 15.2% of people earn $20,000 or less
In The Coves 9.3% of people earn between $80,000 and $100,000
In The Coves 0.5% of people earn $300,000 or more

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am i middle class

$46,395 $69,600 $139,200

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.

The Coves median earnings by income bracket

The Coves employment by industry

Labour Type	Percent
Construction industry	5.1%
Manufacturing sector	3.3%
Financial & insurance services	3.0%
Wholesale & retail services	8.4%
Public administration	0.8%
Transportation, warehousing & utilities	3.6%
Education, health & social services	12.6%
Other	23.3%

Nearby cities with high median household income

City	Population	Household Income	National Avg.
Middlesex Centre, ON	19,332	$127,145	54.2%
Thames Centre, ON	14,265	$107,657	30.6%
Strathroy-Caradoc, ON	23,574	$80,000	3.0%
Chippewas of the Thames First Nation 42, ON	866	$76,944	6.7%
Oneida 41, ON	1,394	$74,212	10.0%
London, ON	421,456	$69,600	15.6%

Cities with similar population

City	Population	Household Income	National Avg.
Oakland, CA	422,575	n/a
Minneapolis, MN	424,536	n/a
Tulsa, OK	402,441	n/a
Laval, QC	445,050	$84,211	2.2%
Arlington, TX	397,269	n/a
London, ON	421,456	$69,600	15.6%

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

The Coves, London, ON Employment