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Newmarket, ON

Full City Profile · Ontario

2.7 /5.0
C+ Fair
87,942 Population 5,916/sq mi density
$110,000 Median Income $54,050 per capita
$950,000 Home Value
$1,510 Median Rent 26.5% income on rent
47°F Avg Temperature 276 sunny days/yr
C+
Overall
2.7 / 5.0
Fair overall score based on economy, affordability, safety and education
B+
Economy
3.7 / 5.0
$110,000 median income, 12.3% unemployment
D
Affordability
1.8 / 5.0
$950,000 home value, $1,510/mo rent
C+
Safety
2.5 / 5.0
C+
Education
2.8 / 5.0
22.7% bachelor's degree or higher

Newmarket, ON

At a Glance

Median Income
$110,000
46% above
$54,050 per capita
Home Value
$950,000
237% above
Median Rent
$1,510/mo
30% above
26.5% of income on rent
Bachelor's Degree+
22.7%
33% below
26.2% high school+
Unemployment
12.3%
242% above
7.5% poverty rate
Avg Temperature
47°F
276 sunny days/yr

How Newmarket Compares to the U.S. Average

Each bar shows Newmarket's value as a percentage of the national average (100% = U.S. avg)

Income
146%
Home Value
337%
Rent
130%
Poverty
60%
Bachelor's
67%
Unemployment
342%
Thin vertical line = U.S. national average (100%)

Is Newmarket a Good Place to Live?

C+
2.7 / 5.0 - Fair
Based on economy, affordability, safety, and education metrics compared to national averages.

Economy & Jobs

Newmarket residents earn a median household income of $110,000 , which is 46% above the national average of $75,149. Per capita income is $54,050. The unemployment rate stands at 12.3% (242% above the U.S. rate of 3.6%). 7.5% of residents live below the poverty line. The area is home to 177 business establishments, including 103 restaurants.

Housing & Cost of Living

The median home value in Newmarket is $950,000 , 237% above the national median of $281,900. Median rent is $1,510/month, with 26.5% of renters spending more than 30% of income on housing.

Education

22.7% of adults in Newmarket hold a bachelor's degree or higher (33% below the national average). 26.2% have completed high school.

Climate & Weather

Newmarket has an average annual temperature of 47°F (8°C). Winters average 21°F in January while summers reach 70°F in July. The area gets 276 sunny days per year. Annual precipitation totals 35.7 inches.

Data Overview

People

Population87,942
Median Age41.6 yrs
Density5,916/mi²
Male / Female48% / 52%

Economy

B+
Median Income$110,000
Per Capita$54,050
Unemployment12.3%
Poverty7.5%
Avg Weekly Wage$1,039

Housing

D
Home Value$950,000
Rent$1,510
Ownership75.8%
Housing Units30,305
Rent Burden26.5%

Crime

C+
Property3,500/100K
Burglary484/100K

Climate

Avg Temp47°F
Sunny Days276/yr
Rain35.7 in/yr
Elevation830 ft

Education

C+
Bachelor's+22.7%
High School+26.2%
Graduate+7.5%

Community

Commute31 min

Did You Know?

48.2% work from home.
There are 103 restaurants in the area.