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Cornwall, PE

Full City Profile · Prince Edward Island

3.3 /5.0
B Good
6,574 Population 604/sq mi density
$85,000 Median Income $46,840 per capita
$324,000 Home Value
$1,300 Median Rent 16.9% income on rent
45°F Avg Temperature 213 sunny days/yr
B
Overall
3.3 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.6 / 5.0
$85,000 median income, 7.8% unemployment
A+
Affordability
4.5 / 5.0
$324,000 home value, $1,300/mo rent
C+
Safety
2.5 / 5.0
C+
Education
2.5 / 5.0
19.4% bachelor's degree or higher

Cornwall, PE

At a Glance

Median Income
$85,000
13% above
$46,840 per capita
Home Value
$324,000
15% above
Median Rent
$1,300/mo
12% above
16.9% of income on rent
Bachelor's Degree+
19.4%
43% below
24.7% high school+
Unemployment
7.8%
117% above
9.8% poverty rate
Avg Temperature
45°F
213 sunny days/yr

How Cornwall Compares to the U.S. Average

Each bar shows Cornwall's value as a percentage of the national average (100% = U.S. avg)

Income
113%
Home Value
115%
Rent
112%
Poverty
79%
Bachelor's
57%
Unemployment
217%
Thin vertical line = U.S. national average (100%)

Is Cornwall a Good Place to Live?

B
3.3 / 5.0 - Good
Based on economy, affordability, safety, and education metrics compared to national averages.

Economy & Jobs

Cornwall residents earn a median household income of $85,000 , which is 13% above the national average of $75,149. Per capita income is $46,840. The unemployment rate stands at 7.8% (117% above the U.S. rate of 3.6%). 9.8% of residents live below the poverty line. The area is home to 204 business establishments.

Housing & Cost of Living

The median home value in Cornwall is $324,000 , 15% above the national median of $281,900. Median rent is $1,300/month, with 16.9% of renters spending more than 30% of income on housing.

Education

19.4% of adults in Cornwall hold a bachelor's degree or higher (43% below the national average). 24.7% have completed high school.

Climate & Weather

Cornwall has an average annual temperature of 45°F (7°C). Winters average 29°F in January while summers reach 70°F in July. The area gets 213 sunny days per year. Annual precipitation totals 54.1 inches.

Data Overview

People

Population6,574
Median Age38.8 yrs
Density604/mi²
Male / Female49% / 51%

Economy

B+
Median Income$85,000
Per Capita$46,840
Unemployment7.8%
Poverty9.8%
Avg Weekly Wage$901

Housing

A+
Home Value$324,000
Rent$1,300
Ownership66.7%
Housing Units2,645
Rent Burden16.9%

Crime

C+
Property3,500/100K
Burglary484/100K

Climate

Avg Temp45°F
Sunny Days213/yr
Rain54.1 in/yr
Elevation52 ft

Education

C+
Bachelor's+19.4%
High School+24.7%
Graduate+7.6%

Community

Commute20 min

Did You Know?

17.7% work from home.