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Grand Bank, NL
Full City Profile · Newfoundland and Labrador
Grand Bank, NL
At a Glance
How Grand Bank Compares to the U.S. Average
Each bar shows Grand Bank's value as a percentage of the national average (100% = U.S. avg)
Is Grand Bank a Good Place to Live?
Economy & Jobs
Grand Bank residents earn a median household income of $55,200 , which is 27% below the national average of $75,149. Per capita income is $39,080. The unemployment rate stands at 17.7% (392% above the U.S. rate of 3.6%). 22.2% of residents live below the poverty line. The area is home to 67 business establishments.
Housing & Cost of Living
The median home value in Grand Bank is $95,000 , 66% below the national median of $281,900. Median rent is $670/month, with 9.8% of renters spending more than 30% of income on housing.
Education
3.5% of adults in Grand Bank hold a bachelor's degree or higher (90% below the national average). 25.7% have completed high school.
Climate & Weather
Grand Bank has an average annual temperature of 42°F (5°C). Winters average 24°F in January while summers reach 59°F in July. The area gets 234 sunny days per year. Annual precipitation totals 56.3 inches.