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Chance Cove, NL
Full City Profile · Newfoundland and Labrador
Chance Cove, NL
At a Glance
How Chance Cove Compares to the U.S. Average
Each bar shows Chance Cove's value as a percentage of the national average (100% = U.S. avg)
Is Chance Cove a Good Place to Live?
Economy & Jobs
Chance Cove residents earn a median household income of $66,531 , which is 11% below the national average of $75,149. Per capita income is $41,731. The unemployment rate stands at 33.3% (825% above the U.S. rate of 3.6%). 18.4% of residents live below the poverty line. The area is home to 7 business establishments.
Housing & Cost of Living
The median home value in Chance Cove is $125,000 , 56% below the national median of $281,900. Median rent is $752/month, with 28.7% of renters spending more than 30% of income on housing.
Education
0.0% of adults in Chance Cove hold a bachelor's degree or higher (100% below the national average). 29.3% have completed high school.
Climate & Weather
Chance Cove has 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. Annual precipitation totals 55.7 inches.