Is Carleton Place a Good Place to Live?
Based on current data, Carleton Place receives an overall livability score of 3.2 out of 5.0, earning a grade of B. Key strengths include above-average household incomes, abundant sunshine, a low poverty rate. Areas to be aware of include high housing costs, above-average unemployment. Carleton Place offers a solid quality of life with a good balance of affordability, safety, and opportunity.
Economy & Jobs
The median household income in Carleton Place is $89,000, 18% above the national average of $75,149. Residents generally enjoy above-average earning potential. The unemployment rate of 7.8% is somewhat elevated compared to the national rate of 3.6%. Only 7.2% of residents live below the poverty line, well below the national rate of 12.4%. Workers commute an average of 27 minutes.
Cost of Living & Housing
The median home value in Carleton Place is $472,000, making it a premium housing market at 67% above the U.S. median of $281,900. Renters pay a median of $1,410 per month, significantly above the national average of $1,163. The price-to-income ratio of 5.3x means housing costs are stretched relative to local earnings.
Education
14.5% of residents hold a bachelor's degree, below the national average of 33.7%. 31.2% have completed high school.
Climate & Weather
Carleton Place experiences four distinct seasons with an average temperature of 47°F. Winters average 24°F in January while summers reach 71°F in July. The area gets 232 sunny days per year. Annual precipitation totals 43.7 inches, including 65.8 inches of snow.