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Cobalt, ON
Full City Profile · Ontario
Cobalt, ON
At a Glance
How Cobalt Compares to the U.S. Average
Each bar shows Cobalt's value as a percentage of the national average (100% = U.S. avg)
Is Cobalt a Good Place to Live?
Economy & Jobs
Cobalt residents earn a median household income of $56,000 , which is 25% below the national average of $75,149. Per capita income is $35,400. The unemployment rate stands at 14.0% (289% above the U.S. rate of 3.6%). 21.6% of residents live below the poverty line. The area is home to 31 business establishments.
Housing & Cost of Living
The median home value in Cobalt is $131,000 , 54% below the national median of $281,900. Median rent is $800/month, with 14.3% of renters spending more than 30% of income on housing.
Education
5.9% of adults in Cobalt hold a bachelor's degree or higher (83% below the national average). 32.9% have completed high school.
Climate & Weather
Cobalt has an average annual temperature of 36°F (2°C). Winters average 4°F in January while summers reach 64°F in July. The area gets 276 sunny days per year. Annual precipitation totals 33.2 inches.