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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.
Data updated June 2026
Discover Chance Cove, NL
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How Chance Cove Compares to the U.S. Average (100% = U.S. avg)
People
Economy
C+Housing
A+Crime
C+Climate
Education
CCommunity
Is Chance Cove a Good Place to Live?
Based on current data, Chance Cove receives an overall livability score of 3.0 out of 5.0, earning a grade of B. Key strengths include affordable housing, abundant sunshine. 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.
Safety & Crime
Property crime occurs at a rate of 3,500 per 100,000, 79% above the national average.
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.
Population
Gender Distribution
Race & Ethnicity
Chance Cove vs U.S. Average
Language Spoken at Home
Social Characteristics
Chance Cove vs U.S. Average
Income: Chance Cove vs U.S.
Commute Mode
Income
| Median HH Income | $66,531 |
| 11% below US avg | |
| Per Capita Income | $41,731 |
| Avg Weekly Wage | $803 |
Employment & Poverty
| Unemployment | 33.3% |
| 825% above US avg | |
| Poverty Rate | 18.4% |
| 48% above US avg | |
| Establishments (County) | 7 |
Business (County)
Tax & Cost of Living
Commute & Transportation
| Commute Time | 28.6 min |
| Drive Alone | 70.0% |
| Public Transit | 0.0% |
| Work from Home | 0.0% |
Walkability
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 | |
| Rent Burden | 28.7% |
Ownership & Property
| Homeownership | 87.5% |
| Owner-Occupied | 87.5% |
| Renter-Occupied | 8.3% |
| Housing Units | 120 |
Property Tax
Crime Rates: Chance Cove vs U.S. Average (per 100,000)
Violent Crime
Property Crime
| Total Property | 3,500.0/100K |
| 79% above US avg | |
| Burglary | 483.9/100K |
| Theft | 2,503.4/100K |
| Vehicle Theft | 504.8/100K |
Traffic Safety
Safety Score
| Safety Grade | C+ |
| Safety Score | 2.5 / 5.0 |
Temperature
| Annual Average | 40.3°F |
| 25% below US avg | |
| January Average | 23°F (-5°C) |
| July Average | 58°F (15°C) |
| Sunny Days | 235 days/yr |
Geography
| Elevation | 154 ft (47 m) |
| Area | 7.0 sq mi (18.1 km²) |
| Population Density | 30/sq mi |
| Coordinates | 47.6832°N, 53.8314°W |
| Timezone | America/St_Johns |
Precipitation & Snow
Air Quality
Tsunami History
1 tsunami recorded within 500 km.
| Year | Location | Cause | Max Wave | Deaths | Distance |
| 1864 | SW AVALON PENINSULA, NEWFOUNDLAND | Earthquake | — | — | 132 km |
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").
Education
| Bachelor's Degree+ | 0.0% |
| 100% below US avg | |
| High School+ | 29.3% |
| Graduate Degree+ | 0.0% |
Area & Infrastructure
| Population Density | 30/sq mi |
| Total Area | 7.0 sq mi |
Services
Commute & Transportation
| Avg Commute | 28.6 min |
| Drive Alone | 70.0% |
| Public Transit | 0.0% |
| Work from Home | 0.0% |
Radio Stations near Chance Cove
2 stations within ~55 km.
| Station | Genre | Quality | |
|---|---|---|---|
| Tits.FM | — | MP3 56 kbps | |
| CKLN "New Country 97.1" Clarenville, NL | country | AAC 129 kbps |
Airports Near Chance Cove
2 airports within the area.
| Airport | IATA | Type |
|---|---|---|
| Clarenville Airport | — | Small Airport |
| Harbour Grace Airport | — | Small Airport |
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Get ReportFrequently 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?
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.
Is Chance Cove safe?
Property crime occurs at a rate of 3,500 per 100,000 (above the national average). Overall, Chance Cove receives a safety grade of C+ based on combined crime data.
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.
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 weekly wage is $803. There are 7 business establishments in the area. 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. The homeownership rate is 87.5%.
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.
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.