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Deer Lake, NL
Full City Profile · Newfoundland and Labrador
Deer Lake, NL
At a Glance
How Deer Lake Compares to the U.S. Average
Each bar shows Deer Lake's value as a percentage of the national average (100% = U.S. avg)
Is Deer Lake a Good Place to Live?
Economy & Jobs
Deer Lake residents earn a median household income of $62,400 , which is 17% below the national average of $75,149. Per capita income is $40,920. The unemployment rate stands at 16.7% (364% above the U.S. rate of 3.6%). 18.0% of residents live below the poverty line. The area is home to 151 business establishments.
Housing & Cost of Living
The median home value in Deer Lake is $220,000 , 22% below the national median of $281,900. Median rent is $820/month, with 18.2% of renters spending more than 30% of income on housing.
Education
6.1% of adults in Deer Lake hold a bachelor's degree or higher (82% below the national average). 33.4% have completed high school.
Climate & Weather
Deer Lake has an average annual temperature of 42°F (5°C). Winters average 25°F in January while summers reach 68°F in July. The area gets 168 sunny days per year. Annual precipitation totals 56.1 inches.