Cormack, NL

Newfoundland and Labrador

Cormack is a small town in Newfoundland and Labrador with a population of 492. Residents earn $63,200 per year, which is 16% below the national average.

3.0 /5.0
B Good
492 Population 10/sq mi density
$63,200 Median Income $37,000 per capita
$170,000 Home Value
$950 Median Rent 9.5% income on rent
B
Overall
3.0 / 5.0
Good overall score based on economy, affordability, safety and education
C+
Economy
2.5 / 5.0
$63,200 median income, 19.0% unemployment
A+
Affordability
5.0 / 5.0
$170,000 home value, $950/mo rent
D
Education
1.6 / 5.0
7.4% bachelor's degree or higher
Median Income $63,200
16% lower than US avg
Home Value $170,000
40% lower than US avg
Bachelor's+ 7.4%
78% lower than US avg
Median Rent $950
18% lower than US avg
Unemployment 19.0%
428% higher than US avg
Poverty Rate 17.2%
39% higher than US avg

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

People

Population492
Median Age49.2 yrs
Density10/mi²
Male / Female51% / 49%
Largest GroupWhite 99%

Economy

C+
Median Income$63,200
Per Capita$37,000
Unemployment19.0%
Poverty17.2%
Commute32 min

Housing

A+
Home Value$170,000
Rent$950
OwnershipN/A
Housing Units215
Rent Burden9.5%

Climate

Avg TempN/A
Elevation358 ft (109 m)

Education

D
Bachelor's+7.4%
High School+33.3%
Graduate+0.0%

Community

Commute32 min

Is Cormack a Good Place to Live?

Based on current data, Cormack receives an overall livability score of 3.0 out of 5.0, earning a grade of B. Key strengths include affordable housing. Areas to be aware of include above-average unemployment, an elevated poverty rate. Cormack offers a solid quality of life with a good balance of affordability, safety, and opportunity.

Economy & Jobs

The median household income in Cormack is $63,200, 16% below the national average of $75,149. At 19.0%, unemployment is notably high. The poverty rate of 17.2% exceeds the national average of 12.4%, indicating economic hardship for a significant portion of the population. Workers commute an average of 32 minutes.

Cost of Living & Housing

The median home value in Cormack is $170,000, 40% below the national median — offering relatively affordable homeownership. Renters pay a median of $950 per month, below the national average — a plus for affordability. At just 2.7x median income, home prices are very affordable relative to local earnings.

Education

7.4% of residents hold a bachelor's degree, below the national average of 33.7%. 33.3% have completed high school.

Cormack has a population of 492 with a density of 10 people per square mile. The median age is 49.2 years, 26% older than the national median of 38.9. The city is predominantly White (99%).

Population

492
Total Population
2021 Census
10
People / sq mi
49.2yrs
Median Age
26% above US avg
51.6mi²
Land Area

Gender Distribution

Male 50.5%
Female 49.5%

Race & Ethnicity

Cormack vs U.S. Average

Language Spoken at Home

English Only97.0%
24% above US avg
Spanish1.0%
92% below US avg
Other Languages2%

Social Characteristics

Cormack vs U.S. Average

The median household income in Cormack is $63,200, which is 16% below the national average of $75,149. The unemployment rate is 19.0% (above the 3.6% US average). 17.2% of residents live below the poverty line. Workers commute an average of 32 minutes.

Income: Cormack vs U.S.

Commute Mode

Income

Median HH Income$63,200
16% below US avg
Per Capita Income$37,000

Employment & Poverty

Unemployment19.0%
428% above US avg
Poverty Rate17.2%
39% above US avg

Business (County)

Tax & Cost of Living

Commute & Transportation

Commute Time31.9 min
Drive Alone86.2%
Public Transit0.0%
Work from Home17.2%

Walkability

The median home value in Cormack is $170,000, 40% below the national average. Monthly rent averages $950 (18% below US avg).

Home Value Sources

Ownership Split

Home Values

Census Median$170,000
40% below US avg

Real Estate Market (Redfin)

Rental Costs

Census Median Rent$950
18% below US avg
Rent Burden9.5%

Ownership & Property

Owner-Occupied79.1%
Renter-Occupied18.6%
Housing Units215

Property Tax

7.4% of residents hold a bachelor's degree or higher (78% below US avg).

Education

Bachelor's Degree+7.4%
78% below US avg
High School+33.3%
Graduate Degree+0.0%
D Education Grade (1.6/5.0)

Urban-Rural Classification

Population Density10/sq mi
Total Area51.6 sq mi

Infrastructure & Services

Safety & Disasters

Commute & Transportation

Avg Commute31.9 min
Drive Alone86.2%
Public Transit0.0%
Work from Home17.2%

Nearby Cities

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