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Labrador City, NL
Full City Profile · Newfoundland and Labrador
Labrador City, NL
At a Glance
How Labrador City Compares to the U.S. Average
Each bar shows Labrador City's value as a percentage of the national average (100% = U.S. avg)
Is Labrador City a Good Place to Live?
Economy & Jobs
Labrador City residents earn a median household income of $147,000 , which is 96% above the national average of $75,149. Per capita income is $76,500. The unemployment rate stands at 5.5% (53% above the U.S. rate of 3.6%). 4.6% of residents live below the poverty line. The area is home to 230 business establishments.
Housing & Cost of Living
The median home value in Labrador City is $300,000 , 6% above the national median of $281,900. Median rent is $1,000/month, with 5.4% of renters spending more than 30% of income on housing.
Education
10.1% of adults in Labrador City hold a bachelor's degree or higher (70% below the national average). 26.8% have completed high school.
Climate & Weather
Labrador City has an average annual temperature of 30°F (-1°C). Winters average -5°F in January while summers reach 63°F in July. The area gets 190 sunny days per year. Annual precipitation totals 34.1 inches.