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Grand Bank, NL

Newfoundland and Labrador

Grand Bank is a small town in Newfoundland and Labrador with a population of 2,152. Residents earn $55,200 per year, which is 27% below the national average.

2.8 /5.0
C+ Fair
2,152 Population 331/sq mi density
$55,200 Median Income $39,080 per capita
$95,000 Home Value
$670 Median Rent 9.8% income on rent
C+
Overall
2.8 / 5.0
Fair overall score based on economy, affordability, safety and education
C
Economy
2.1 / 5.0
$55,200 median income, 17.7% unemployment
A+
Affordability
5.0 / 5.0
$95,000 home value, $670/mo rent
F
Education
1.3 / 5.0
3.5% bachelor's degree or higher
Median Income $55,200
27% lower than US avg
Home Value $95,000
66% lower than US avg
Bachelor's+ 3.5%
90% lower than US avg
Median Rent $670
42% lower than US avg
Obesity Rate 26.2%
18% lower than US avg
Unemployment 17.7%
392% higher than US avg
Poverty Rate 22.2%
79% higher than US avg

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

People

Population2,152
Median Age58.4 yrs
Density331/mi²
Male / Female47% / 53%
Largest GroupWhite 100%

Economy

C
Median Income$55,200
Per Capita$39,080
Unemployment17.7%
Poverty22.2%
Commute17 min

Housing

A+
Home Value$95,000
Rent$670
OwnershipN/A
Housing Units1,025
Rent Burden9.8%

Health

Obesity26.2%
UninsuredN/A
Smoking8.9%
Depression4.1%
Heart Disease9.5%

Climate

Avg TempN/A
AQI27 (Good)
Elevation10 ft (3 m)

Education

F
Bachelor's+3.5%
High School+25.7%
Graduate+1.1%

Community

Commute17 min
Broadband94.0%

Is Grand Bank a Good Place to Live?

Based on current data, Grand Bank receives an overall livability score of 2.8 out of 5.0, earning a grade of C+. Key strengths include affordable housing, strong internet connectivity. Areas to be aware of include above-average unemployment, an elevated poverty rate, below-average incomes. Grand Bank has some notable strengths but also faces challenges that prospective residents should consider.

Economy & Jobs

The median household income in Grand Bank is $55,200, 27% below the national average of $75,149. At 17.7%, unemployment is notably high. The poverty rate of 22.2% 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 Grand Bank is $95,000, 66% below the national median — offering relatively affordable homeownership. Renters pay a median of $670 per month, below the national average — a plus for affordability. At just 1.7x median income, home prices are very affordable relative to local earnings.

Education

3.5% of residents hold a bachelor's degree, below the national average of 33.7%. 25.7% have completed high school.

Climate & Weather

Air quality is rated Good with a median AQI of 27.

Grand Bank has a population of 2,152 with a density of 331 people per square mile. The median age is 58.4 years, 50% older than the national median of 38.9. The city is predominantly White (100%).

Population

2,152
Total Population
2021 Census
331
People / sq mi
58.4yrs
Median Age
50% above US avg
6.5mi²
Land Area

Gender Distribution

Male 46.7%
Female 53.5%

Race & Ethnicity

Grand Bank vs U.S. Average

Language Spoken at Home

English Only99.5%
27% above US avg
Spanish0.2%
98% below US avg

Social Characteristics

Grand Bank vs U.S. Average

The median household income in Grand Bank is $55,200, which is 27% below the national average of $75,149. The unemployment rate is 17.7% (above the 3.6% US average). 22.2% of residents live below the poverty line. Workers commute an average of 17 minutes.

Income: Grand Bank vs U.S.

Commute Mode

Income

Median HH Income$55,200
27% below US avg
Per Capita Income$39,080

Employment & Poverty

Unemployment17.7%
392% above US avg
Poverty Rate22.2%
79% above US avg

Business (County)

Tax & Cost of Living

Commute & Transportation

Commute Time17.2 min
Drive Alone71.1%
Public Transit1.6%
Work from Home5.5%

Walkability

The median home value in Grand Bank is $95,000, 66% below the national average. Monthly rent averages $670 (42% below US avg).

Home Value Sources

Ownership Split

Home Values

Census Median$95,000
66% below US avg

Real Estate Market (Redfin)

Rental Costs

Census Median Rent$670
42% below US avg
Rent Burden9.8%

Ownership & Property

Owner-Occupied83.9%
Renter-Occupied16.1%
Housing Units1,025

Property Tax

In Grand Bank, 26.2% of adults are obese (below the 32.1% national rate). 8.9% are current smokers. 4.1% report depression. 76.3% are physically inactive.

Health Metrics: Grand Bank vs U.S. Average (%)

Chronic Conditions

Obesity26.2%
18% below US avg
Diabetes5.5%
Heart Disease9.5%
High Blood Pressure22.1%

Behaviors & Mental Health

Smoking8.9%
36% below US avg
Binge Drinking10.0%
Physical Inactivity76.3%
Depression4.1%

Healthcare Access

Insurance Rate89.0%

Food & Exercise

3.5% of residents hold a bachelor's degree or higher (90% below US avg). 94.0% of households have broadband internet.

Education

Bachelor's Degree+3.5%
90% below US avg
High School+25.7%
Graduate Degree+1.1%
F Education Grade (1.3/5.0)

Urban-Rural Classification

Population Density331/sq mi
Total Area6.5 sq mi

Infrastructure & Services

Broadband Access94.0%

Safety & Disasters

Commute & Transportation

Avg Commute17.2 min
Drive Alone71.1%
Public Transit1.6%
Work from Home5.5%

Nearby Cities

Fortune, NL 1,285 pop · 3.9 mi St. Lawrence, NL 1,115 pop · 21.4 mi Harbour Breton, NL 1,477 pop · 26.5 mi Burin, NL 2,237 pop · 27.0 mi Miquelon 1,141 pop · 29.0 mi Marystown, NL 5,204 pop · 29.4 mi Saint-Pierre 6,200 pop · 29.5 mi St. Alban's, NL 1,189 pop · 53.1 mi Placentia, NL 3,289 pop · 85.1 mi Burgeo, NL 1,176 pop · 93.7 mi
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