Median Income
$147,000
96% higher than US avg
Home Value
$300,000
6% higher than US avg
Bachelor's+
10.1%
70% lower than US avg
Median Rent
$1,000
14% lower than US avg
Unemployment
5.5%
53% higher than US avg
Poverty Rate
4.6%
63% lower than US avg
How Labrador City Compares to the U.S. Average (100% = U.S. avg)
People
Population7,412
Median Age38.4 yrs
Density563/mi²
Male / Female52% / 48%
Largest GroupWhite 92%
Economy
A+
Median Income$147,000
Per Capita$76,500
Unemployment5.5%
Poverty4.6%
Commute14 min
Housing
A+
Home Value$300,000
Rent$1,000
OwnershipN/A
Housing Units3,070
Rent Burden5.4%
Climate
Avg TempN/A
AQIN/A
Elevation1,841 ft
Education
D
Bachelor's+10.1%
High School+26.8%
Graduate+1.8%
Is Labrador City a Good Place to Live?
Based on current data, Labrador City receives an overall livability score of 3.8 out of 5.0, earning a grade of B+. Key strengths include above-average household incomes, a low poverty rate. Areas to be aware of include above-average unemployment. Labrador City offers a solid quality of life with a good balance of affordability, safety, and opportunity.
Economy & Jobs
The median household income in Labrador City is $147,000, which is significantly higher than the national average — 96% above $75,149. This places Labrador City among higher-income communities. The unemployment rate of 5.5% is somewhat elevated compared to the national rate of 3.6%. Only 4.6% of residents live below the poverty line, well below the national rate of 12.4%. Workers commute an average of 14 minutes, shorter than most U.S. cities.
Cost of Living & Housing
The median home value in Labrador City is $300,000, roughly aligned with the national median of $281,900. Renters pay a median of $1,000 per month, below the national average — a plus for affordability. At just 2x median income, home prices are very affordable relative to local earnings.
Education
10.1% of residents hold a bachelor's degree, below the national average of 33.7%. 26.8% have completed high school.
Labrador City has a population of 7,412 with a density of 563 people per square mile. The median age is 38.4 years, 1% younger than the national median of 38.9. The city is predominantly White (92%), with 6.6% Asian.
Population
7,412
Total Population
2021 Census
38.4yrs
Median Age
1% below US avg
Race & Ethnicity
Labrador City vs U.S. Average
Language Spoken at Home
| English Only | 90.6% |
| 15% above US avg |
| Spanish | 2.4% |
| 82% below US avg |
| Other Languages | 7% |
Social Characteristics
Labrador City vs U.S. Average
The median household income in Labrador City is $147,000, which is 96% above the national average of $75,149. The unemployment rate is 5.5% (above the 3.6% US average). 4.6% of residents live below the poverty line. Workers commute an average of 14 minutes.
Income: Labrador City vs U.S.
Income
| Median HH Income | $147,000 |
| 96% above US avg |
| Per Capita Income | $76,500 |
Employment & Poverty
| Unemployment | 5.5% |
| 53% above US avg |
| Poverty Rate | 4.6% |
| 63% below US avg |
Commute & Transportation
| Commute Time | 14.0 min |
| Drive Alone | 91.1% |
| Public Transit | 0.4% |
| Work from Home | 3.4% |
The median home value in Labrador City is $300,000, 6% above the national average. Monthly rent averages $1,000 (14% below US avg).
Home Values
| Census Median | $300,000 |
| 6% above US avg |
Real Estate Market (Redfin)
Rental Costs
| Census Median Rent | $1,000 |
| 14% below US avg |
| Rent Burden | 5.4% |
Ownership & Property
| Owner-Occupied | 77.5% |
| Renter-Occupied | 22.5% |
| Housing Units | 3,070 |
Property Tax
Health Metrics: Labrador City vs U.S. Average (%)
Behaviors & Mental Health
Healthcare Access
Food & Exercise
Crime Rates: Labrador City vs U.S. Average (per 100,000)
Geography
| Elevation | 1,841 ft (561 m) |
| Area | 13.2 sq mi (34.1 km²) |
| Population Density | 563/sq mi |
| Coordinates | 52.9463°N, 66.9114°W |
| Timezone | America/Goose_Bay |