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Lac La Biche, AB
Full City Profile · Alberta
3.0
/5.0
B
Good
7,673
Population
2/sq mi density
$95,000
Median Income
$53,900 per capita
$400,000
Home Value
$1,180
Median Rent
15.5% income on rent
40°F
Avg Temperature
262 sunny days/yr
B
Overall
3.0 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.5 / 5.0
$95,000 median income, 10.9% unemployment
A
Affordability
4.3 / 5.0
$400,000 home value, $1,180/mo rent
C+
Safety
2.5 / 5.0
D
Education
1.8 / 5.0
10.5% bachelor's degree or higher
Housing Overview
Median Home Value
$400,000
42% above
US avg: $281,900
Median Rent
$1,180/mo
1% above
US avg: $1,163/mo
Homeownership Rate
78.4%
20% above US avg (65.4%)
Total Housing Units
2,945
Ownership vs. Renting
78.4%
Owner-Occupied
21.7%
Renter-Occupied
US avg: 65.4% owner-occupied
Affordability & Housing Stock
Rent Burden
15.5%
of renters spending 30%+ of income on housing
50% below US avg (31.0%)
Homeownership Rate
78.4%
Complete Housing Data
Home Values
| Census Median Value | $400,000 |
Rent
| Census Median Rent | $1,180 |
Market
Ownership & Stock
| Owner-Occupied | 78.4% |
| Renter-Occupied | 21.7% |
| Homeownership Rate | 78.4% |
| Total Housing Units | 2,945 |
| Rent Burden | 15.5% |