Is Peace River a Good Place to Live?
Based on current data, Peace River receives an overall livability score of 3.6 out of 5.0, earning a grade of B+. Key strengths include above-average household incomes, abundant sunshine. Areas to be aware of include above-average unemployment. Peace River offers a solid quality of life with a good balance of affordability, safety, and opportunity.
Economy & Jobs
The median household income in Peace River is $100,000, which is significantly higher than the national average — 33% above $75,149. This places Peace River among higher-income communities. The unemployment rate of 7.9% is somewhat elevated compared to the national rate of 3.6%. 9.0% of residents live in poverty, near the national average of 12.4%. Workers commute an average of 18 minutes, shorter than most U.S. cities.
Cost of Living & Housing
The median home value in Peace River is $300,000, roughly aligned with the national median of $281,900. Renters pay a median of $1,100 per month. At just 3x median income, home prices are very affordable relative to local earnings.
Education
12.3% of residents hold a bachelor's degree, below the national average of 33.7%. 31.3% have completed high school.
Climate & Weather
Peace River has a cool climate with an average annual temperature of 42°F. Winters average 19°F in January while summers reach 66°F in July. With 260 sunny days per year, residents enjoy well above the national average of sunshine. Annual precipitation totals 19.6 inches, including 23.7 inches of snow.