Koroit, Australia

Full City Profile

3.2 /5.0

B Good

2,022 Population 29/sq mi density

217 ft Elevation 66 meters

58°F Avg Temperature 14°C

Overall

3.2 / 5.0

Good overall score based on economy, affordability, safety and education

Economy

3.2 / 5.0

$25,215 median income, 1.4% unemployment

Affordability

3.1 / 5.0

$157,800 home value, $789/mo rent

Koroit, Australia

At a Glance

Median Income

$25,215

66% below

$25,215 per capita

Home Value

$157,800

44% below

Median Rent

$789/mo

32% below

Unemployment

1.4%

61% below

Avg Temperature

58°F

276 sunny days/yr

Is Koroit a Good Place to Live?

3.2 / 5.0 - Good

Based on economy, affordability, safety, and education metrics compared to national averages.

Economy & Jobs

Koroit residents earn a median household income of $25,215 , which is 66% below the national average of $75,149. Per capita income is $25,215. The unemployment rate stands at 1.4% (61% below the U.S. rate of 3.6%). The area is home to 192 business establishments.

Housing & Cost of Living

The median home value in Koroit is $157,800 , 44% below the national median of $281,900. Median rent is $789/month.

Climate & Weather

Koroit has an average annual temperature of 58°F (14°C). Winters average 64°F in January while summers reach 54°F in July. The area gets 276 sunny days per year. Annual precipitation totals 35.3 inches.

Data Overview

People

Population2,022

Median Age41.0 yrs

Density29/mi²

Foreign Born6.8%

Economy

Median Income$25,215

Per Capita$25,215

Unemployment1.4%

Poverty

Avg Weekly Wage$485

Housing

Home Value$157,800

Rent$789

Ownership82.6%

Housing Units809

Climate

Avg Temp58°F

Sunny Days276/yr

Rain35.3 in/yr

Elevation217 ft