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Chance Cove, NL

Newfoundland and Labrador

Chance Cove is a small town in Newfoundland and Labrador with a population of 213. Residents earn $66,531 per year, which is 11% below the national average.

3.2 /5.0
B Good
213 Population 30/sq mi density
$66,531 Median Income $41,731 per capita
$125,000 Home Value
$752 Median Rent
40°F Avg Temperature 235 sunny days/yr
B
Overall
3.2 / 5.0
Good overall score based on economy, affordability, safety and education
C+
Economy
2.5 / 5.0
$66,531 median income, 33.3% unemployment
A+
Affordability
5.0 / 5.0
$125,000 home value, $752/mo rent
C
Education
2.2 / 5.0
0.0% bachelor's degree or higher
Median Income $66,531
11% lower than US avg
Home Value $125,000
56% lower than US avg
Bachelor's+ 0.0%
100% lower than US avg
Median Rent $752
35% lower than US avg
Obesity Rate 26.2%
18% lower than US avg
Unemployment 33.3%
825% higher than US avg
Poverty Rate 18.4%
48% higher than US avg

How Chance Cove Compares to the U.S. Average (100% = U.S. avg)

People

Population213
Median Age63.2 yrs
Density30/mi²
Male / Female51% / 49%
Largest GroupWhite 100%

Economy

C+
Median Income$66,531
Per Capita$41,731
Unemployment33.3%
Poverty18.4%
Commute29 min

Housing

A+
Home Value$125,000
Rent$752
OwnershipN/A
Housing Units120

Health

Obesity26.2%
UninsuredN/A
Smoking8.9%
Depression4.1%
Heart Disease9.5%

Climate

Avg Temp40°F (5°C)
AQI27 (Good)
Rain55.7 in/yr
Sunny Days235/yr
Elevation154 ft (47 m)

Education

C
Bachelor's+0.0%
High School+29.3%
Graduate+0.0%

Community

Commute29 min
Broadband94.0%

Is Chance Cove a Good Place to Live?

Based on current data, Chance Cove receives an overall livability score of 3.2 out of 5.0, earning a grade of B. Key strengths include affordable housing, abundant sunshine, strong internet connectivity. Areas to be aware of include above-average unemployment, an elevated poverty rate. Chance Cove offers a solid quality of life with a good balance of affordability, safety, and opportunity.

Economy & Jobs

The median household income in Chance Cove is $66,531, 11% below the national average of $75,149. At 33.3%, unemployment is notably high. The poverty rate of 18.4% exceeds the national average of 12.4%, indicating economic hardship for a significant portion of the population. Workers commute an average of 29 minutes.

Cost of Living & Housing

The median home value in Chance Cove is $125,000, 56% below the national median — offering relatively affordable homeownership. Renters pay a median of $752 per month, below the national average — a plus for affordability. At just 1.9x median income, home prices are very affordable relative to local earnings.

Education

0.0% of residents hold a bachelor's degree, below the national average of 33.7%. 29.3% have completed high school.

Climate & Weather

Chance Cove has a cool climate with an average annual temperature of 40°F. Winters average 23°F in January while summers reach 58°F in July. The area gets 235 sunny days per year. Annual precipitation totals 55.7 inches, including 23.7 inches of snow. Air quality is rated Good with a median AQI of 27.

Chance Cove has a population of 213 with a density of 30 people per square mile, spread across 7.0 square miles. The median age is 63.2 years, 62% older than the national median of 38.9. The gender split is 48.8% female and 51.2% male. The city is predominantly White (100%). English is the primary language spoken at home by 100% of residents. 18.5% of residents have a disability (above the 13.0% national average). 89.0% have health insurance coverage.

Population

213
Total Population
2021 Census
30
People / sq mi
63.2yrs
Median Age
62% above US avg
7.0mi²
Land Area

Gender Distribution

Male 51.2%
Female 48.8%

Race & Ethnicity

Chance Cove vs U.S. Average

Language Spoken at Home

English Only100.0%
27% above US avg
Spanish0.0%
100% below US avg

Social Characteristics

Chance Cove vs U.S. Average

The median household income in Chance Cove is $66,531, which is 11% below the national average of $75,149. Per capita income is $41,731. The unemployment rate is 33.3% (above the 3.6% US average). 18.4% of residents live below the poverty line, higher than the national rate of 12.4%. The cost of living index is 84.1, below the national baseline of 100 — offering relatively affordable living. Workers commute an average of 29 minutes. 0.0% of workers work from home (below the 15.2% national rate).

Income: Chance Cove vs U.S.

Commute Mode

Income

Median HH Income$66,531
11% below US avg
Per Capita Income$41,731

Employment & Poverty

Unemployment33.3%
825% above US avg
Poverty Rate18.4%
48% above US avg

Business (County)

Tax & Cost of Living

Cost of Living84.10 (100=avg)

Commute & Transportation

Commute Time28.6 min
Drive Alone70.0%
Public Transit0.0%
Work from Home0.0%

Walkability

The median home value in Chance Cove is $125,000, 56% below the national median of $281,900. Monthly rent averages $752 (35% below the national average of $1,163). There are 120 total housing units in the city. The home price-to-income ratio is 1.9x, well within the affordable range.

Home Value Sources

Ownership Split

Home Values

Census Median$125,000
56% below US avg

Real Estate Market (Redfin)

Rental Costs

Census Median Rent$752
35% below US avg

Ownership & Property

Owner-Occupied87.5%
Renter-Occupied8.3%
Housing Units120

Property Tax

In Chance Cove, 26.2% of adults are obese, below the national rate of 32.1%. 5.5% have diabetes (below the 10.5% national rate). Heart disease affects 9.5% of residents, above the national average. 22.1% have high blood pressure. 8.9% are current smokers (below the 14.0% national rate). 10.0% report binge drinking. 76.3% are physically inactive, above the national average. 4.1% report depression (below the 20.0% national average).

Health Metrics: Chance Cove vs U.S. Average (%)

Chronic Conditions

Obesity26.2%
18% below US avg
Diabetes5.5%
Heart Disease9.5%
High Blood Pressure22.1%

Behaviors & Mental Health

Smoking8.9%
36% below US avg
Binge Drinking10.0%
Physical Inactivity76.3%
Depression4.1%

Healthcare Access

Insurance Rate89.0%

Food & Exercise

Chance Cove has a cool climate with an average annual temperature of 40°F (5°C). Winters average 23°F in January while summers reach 58°F in July. The area gets 235 sunny days per year, above the national average. Annual precipitation totals 55.7 inches (wetter than the 38-inch national average). The area receives 23.7 inches of snow annually, a moderate snowfall amount. Air quality is rated Good with a median AQI of 27 — among the cleanest air in the country. 90% of days have good air quality. The city sits at an elevation of 154 feet.

Temperature

23°F Jan (-5°C) 58°F Jul (15°C)
Annual Average40.3°F
25% below US avg
January Average23°F (-5°C)
July Average58°F (15°C)
Sunny Days235 days/yr

Precipitation & Snow

Annual Rainfall55.7 inches
47% above US avg
Snowfall23.7 inches/yr

Air Quality

AQI Median27.0
RatingGood
Good Days %89.5%

Geography

Elevation154 ft (47 m)
Area7.0 sq mi (18.1 km²)
Population Density30/sq mi
Coordinates47.6832°N, 53.8314°W
TimezoneAmerica/St_Johns

Monthly Weather

Month Avg Temperature Precipitation Summary
January 23°F (-5°C) 5.4 in
February 22°F (-6°C) 4.7 in Coldest
March 27°F (-3°C) 4.4 in
April 35°F (2°C) 4.4 in
May 43°F (6°C) 3.8 in Driest
June 51°F (11°C) 4.5 in
July 58°F (15°C) 3.9 in
August 60°F (15°C) 3.9 in Warmest
September 54°F (12°C) 5.1 in
October 45°F (7°C) 5.5 in Wettest
November 37°F (3°C) 5.3 in
December 29°F (-2°C) 5.0 in

Chance Cove has a seasonal temperature swing of 38°F — from 22°F in February to 60°F in August. Total annual precipitation is 55.7 inches, with October being the wettest month (5.5") and May the driest (3.8").

0.0% of adults hold a bachelor's degree or higher, 100% below the national average of 33.7%. 29.3% have completed high school. 0.0% hold a graduate or professional degree (below the 13.1% national rate). 94.0% of households have broadband internet access. 70% of workers drive alone to work.

Education

Bachelor's Degree+0.0%
100% below US avg
High School+29.3%
Graduate Degree+0.0%
C Education Grade (2.2/5.0)

Urban-Rural Classification

Population Density30/sq mi
Total Area7.0 sq mi

Infrastructure & Services

Broadband Access94.0%

Safety & Disasters

Commute & Transportation

Avg Commute28.6 min
Drive Alone70.0%
Public Transit0.0%
Work from Home0.0%

Frequently Asked Questions About Chance Cove

What is the population of Chance Cove?

Chance Cove has a population of 213 residents and is located in Newfoundland and Labrador. The population density is 30 people per square mile, spread across 7.0 square miles. The median age of residents is 63.2 years, which is older than the national median of 38.9 years. The population is 48.8% female and 51.2% male.

Is Chance Cove expensive to live in?

Chance Cove is more affordable than the national average, with a cost of living index of 84.1 — below the baseline of 100. The median household income is $66,531, 11% below the national average of $75,149. The median home value is $125,000 (56% below the U.S. median). Renters pay a median of $752 per month, below the national average of $1,163. The home price-to-income ratio is 1.9x, indicating housing is reasonably affordable relative to local income levels.

What is the weather like in Chance Cove?

Chance Cove has a cool climate with an average annual temperature of 40°F (5°C). Winter temperatures average 23°F in January, while summers reach an average of 58°F in July. The area receives 235 sunny days per year. Annual rainfall totals 55.7 inches, with 23.7 inches of snow. Air quality is rated Good with a median Air Quality Index (AQI) of 27.

How is the job market in Chance Cove?

The job market in Chance Cove faces challenges, with unemployment at 33.3% — significantly above the national rate of 3.6%. The average commute time is 29 minutes, and 0.0% of workers work from home.

How much does housing cost in Chance Cove?

The median home value in Chance Cove is $125,000. For renters, the median monthly rent is $752.

How are the schools in Chance Cove?

0.0% of adults in Chance Cove hold a bachelor's degree or higher, below the national average of 33.7%. 29.3% have completed high school. 0.0% hold a graduate or professional degree.

How healthy is Chance Cove?

The obesity rate in Chance Cove is 26.2% (below the national rate of 32.1%). 8.9% of adults are smokers. 76.3% are physically inactive. 4.1% of residents report depression.

What is transportation like in Chance Cove?

The average commute in Chance Cove is 29 minutes. 70% of workers drive alone to work, and 0.0% work from home.

What are the demographics of Chance Cove?

The racial and ethnic makeup of Chance Cove is 100% White. 100% of residents speak only English at home. 18.5% of residents have a disability. 89.0% have health insurance coverage.

Nearby Cities

Spaniard's Bay, NL 2,630 pop · 26.0 mi Bay Roberts, NL 5,974 pop · 27.0 mi Clarke's Beach, NL 1,400 pop · 27.3 mi Harbour Grace, NL 2,796 pop · 27.9 mi Carbonear, NL 4,696 pop · 28.4 mi Victoria, NL 1,658 pop · 28.5 mi Upper Island Cove, NL 1,401 pop · 28.8 mi Placentia, NL 3,289 pop · 31.7 mi Clarenville, NL 6,704 pop · 34.0 mi Clarenville-Shoal Harbour, NL 3,478 pop · 35.0 mi Harbour Main-Chapel's Cove-Lakeview, NL 1,065 pop · 36.1 mi Holyrood, NL 2,471 pop · 38.7 mi Conception Bay South, NL 27,168 pop · 40.8 mi Wabana, NL 1,815 pop · 41.3 mi
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