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Lake of Bays, ON
Full City Profile · Ontario
Lake of Bays, ON
At a Glance
How Lake of Bays Compares to the U.S. Average
Each bar shows Lake of Bays's value as a percentage of the national average (100% = U.S. avg)
Is Lake of Bays a Good Place to Live?
Economy & Jobs
Lake of Bays residents earn a median household income of $90,000 , which is 20% above the national average of $75,149. Per capita income is $56,850. The unemployment rate stands at 10.8% (200% above the U.S. rate of 3.6%). 8.7% of residents live below the poverty line. The area is home to 117 business establishments.
Housing & Cost of Living
The median home value in Lake of Bays is $800,000 , 184% above the national median of $281,900. Median rent is $1,110/month, with 16.8% of renters spending more than 30% of income on housing.
Education
16.3% of adults in Lake of Bays hold a bachelor's degree or higher (52% below the national average). 32.0% have completed high school.
Climate & Weather
Lake of Bays has an average annual temperature of 40°F (5°C). Winters average 13°F in January while summers reach 65°F in July. The area gets 259 sunny days per year. Annual precipitation totals 42.4 inches.