Is Markham a Good Place to Live?
Based on current data, Markham receives an overall livability score of 2.6 out of 5.0, earning a grade of C+. Key strengths include above-average household incomes. Areas to be aware of include high housing costs, above-average unemployment. Markham has some notable strengths but also faces challenges that prospective residents should consider.
Economy & Jobs
The median household income in Markham is $104,000, which is significantly higher than the national average — 38% above $75,149. This places Markham among higher-income communities. At 13.8%, unemployment is notably high. 10.8% of residents live in poverty, near the national average of 12.4%. Workers commute an average of 33 minutes.
Cost of Living & Housing
The median home value in Markham is $1,100,000, making it a premium housing market at 290% above the U.S. median of $281,900. Renters pay a median of $1,940 per month, significantly above the national average of $1,163. With a home price-to-income ratio of 10.6x, housing affordability is a significant challenge for many families.
Education
26.9% of residents hold a bachelor's degree, below the national average of 33.7%. 25.2% have completed high school.
Climate & Weather
Markham experiences four distinct seasons with an average temperature of 48°F. Winters average 23°F in January while summers reach 71°F in July. Annual precipitation totals 39.4 inches, including 51.0 inches of snow.