Is Charlottetown a Good Place to Live?
Based on current data, Charlottetown receives an overall livability score of 3.0 out of 5.0, earning a grade of B. Areas to be aware of include above-average unemployment, an elevated poverty rate. Charlottetown offers a solid quality of life with a good balance of affordability, safety, and opportunity.
Economy & Jobs
The median household income in Charlottetown is $66,000, 12% below the national average of $75,149. At 9.7%, unemployment is notably high. The poverty rate of 17.4% exceeds the national average of 12.4%, indicating economic hardship for a significant portion of the population. Workers commute an average of 17 minutes, shorter than most U.S. cities.
Cost of Living & Housing
The median home value in Charlottetown is $348,000, 23% above the national median. Renters pay a median of $980 per month, below the national average — a plus for affordability. The price-to-income ratio of 5.3x means housing costs are stretched relative to local earnings.
Education
20.6% of residents hold a bachelor's degree, below the national average of 33.7%. 26.4% have completed high school.
Climate & Weather
Charlottetown experiences four distinct seasons with an average temperature of 46°F. Winters average 25°F in January while summers reach 69°F in July. Annual precipitation totals 55.2 inches, including 78.3 inches of snow.