Median Income
$65,500
13% lower than US avg
Home Value
$184,000
35% lower than US avg
Bachelor's+
18.3%
46% lower than US avg
Median Rent
$710
39% lower than US avg
Unemployment
12.2%
239% higher than US avg
Poverty Rate
13.8%
11% higher than US avg
How Caraquet Compares to the U.S. Average (100% = U.S. avg)
People
Population4,285
Median Age54.4 yrs
Density163/mi²
Male / Female48% / 52%
Largest GroupWhite 98%
Economy
C+
Median Income$65,500
Per Capita$44,480
Unemployment12.2%
Poverty13.8%
Commute18 min
Housing
A+
Home Value$184,000
Rent$710
OwnershipN/A
Housing Units1,985
Rent Burden11.1%
Climate
Avg TempN/A
AQIN/A
Elevation62 ft
Education
C
Bachelor's+18.3%
High School+22.5%
Graduate+4.1%
Is Caraquet a Good Place to Live?
Based on current data, Caraquet receives an overall livability score of 3.4 out of 5.0, earning a grade of B. Key strengths include affordable housing. Areas to be aware of include above-average unemployment. Caraquet offers a solid quality of life with a good balance of affordability, safety, and opportunity.
Economy & Jobs
The median household income in Caraquet is $65,500, 13% below the national average of $75,149. At 12.2%, unemployment is notably high. 13.8% of residents live in poverty, near the national average of 12.4%. Workers commute an average of 18 minutes, shorter than most U.S. cities.
Cost of Living & Housing
The median home value in Caraquet is $184,000, 35% below the national median — offering relatively affordable homeownership. Renters pay a median of $710 per month, below the national average — a plus for affordability. At just 2.8x median income, home prices are very affordable relative to local earnings.
Education
18.3% of residents hold a bachelor's degree, below the national average of 33.7%. 22.5% have completed high school.
Caraquet has a population of 4,285 with a density of 163 people per square mile. The median age is 54.4 years, 40% older than the national median of 38.9. The city is predominantly White (98.2%).
Population
4,285
Total Population
2021 Census
54.4yrs
Median Age
40% above US avg
Language Spoken at Home
| English Only | 2.2% |
| 97% below US avg |
| Spanish | 95.8% |
| 615% above US avg |
| Other Languages | 2% |
The median household income in Caraquet is $65,500, which is 13% below the national average of $75,149. The unemployment rate is 12.2% (above the 3.6% US average). 13.8% of residents live below the poverty line. Workers commute an average of 18 minutes.
Income
| Median HH Income | $65,500 |
| 13% below US avg |
| Per Capita Income | $44,480 |
Employment & Poverty
| Unemployment | 12.2% |
| 239% above US avg |
| Poverty Rate | 13.8% |
| 11% above US avg |
Commute & Transportation
| Commute Time | 18.0 min |
| Drive Alone | 85.0% |
| Public Transit | 1.3% |
| Work from Home | 16.9% |
The median home value in Caraquet is $184,000, 35% below the national average. Monthly rent averages $710 (39% below US avg).
Home Values
| Census Median | $184,000 |
| 35% below US avg |
Real Estate Market (Redfin)
Rental Costs
| Census Median Rent | $710 |
| 39% below US avg |
| Rent Burden | 11.1% |
Ownership & Property
| Owner-Occupied | 74.3% |
| Renter-Occupied | 25.7% |
| Housing Units | 1,985 |
Property Tax
Health Metrics: Caraquet vs U.S. Average (%)
Behaviors & Mental Health
Healthcare Access
Food & Exercise
Crime Rates: Caraquet vs U.S. Average (per 100,000)
Geography
| Elevation | 62 ft (19 m) |
| Area | 26.3 sq mi (68.1 km²) |
| Population Density | 163/sq mi |
| Coordinates | 47.7941°N, 64.9386°W |
| Timezone | America/Moncton |