All Countries
Labrador City, NL
Full City Profile · Newfoundland and Labrador
3.5
/5.0
B+
Good
7,412
Population
563/sq mi density
$147,000
Median Income
$76,500 per capita
$300,000
Home Value
$1,000
Median Rent
5.4% income on rent
30°F
Avg Temperature
190 sunny days/yr
B+
Overall
3.5 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.5 / 5.0
$147,000 median income, 5.5% unemployment
A+
Affordability
5.0 / 5.0
$300,000 home value, $1,000/mo rent
C+
Safety
2.5 / 5.0
D
Education
1.8 / 5.0
10.1% bachelor's degree or higher
Housing Overview
Median Home Value
$300,000
6% above
US avg: $281,900
Median Rent
$1,000/mo
14% below
US avg: $1,163/mo
Homeownership Rate
77.5%
19% above US avg (65.4%)
Total Housing Units
3,070
Ownership vs. Renting
77.5%
Owner-Occupied
22.5%
Renter-Occupied
US avg: 65.4% owner-occupied
Affordability & Housing Stock
Rent Burden
5.4%
of renters spending 30%+ of income on housing
83% below US avg (31.0%)
Homeownership Rate
77.5%
Complete Housing Data
Home Values
| Census Median Value | $300,000 |
Rent
| Census Median Rent | $1,000 |
Market
Ownership & Stock
| Owner-Occupied | 77.5% |
| Renter-Occupied | 22.5% |
| Homeownership Rate | 77.5% |
| Total Housing Units | 3,070 |
| Rent Burden | 5.4% |