Is Port Hope a Good Place to Live?
Based on current data, Port Hope receives an overall livability score of 2.8 out of 5.0, earning a grade of C+. Key strengths include above-average household incomes, abundant sunshine, a low poverty rate. Areas to be aware of include high housing costs, above-average unemployment. Port Hope has some notable strengths but also faces challenges that prospective residents should consider.
Economy & Jobs
The median household income in Port Hope is $88,000, 17% above the national average of $75,149. Residents generally enjoy above-average earning potential. At 11.1%, unemployment is notably high. 8.0% of residents live in poverty, near the national average of 12.4%. Workers commute an average of 29 minutes.
Cost of Living & Housing
The median home value in Port Hope is $600,000, making it a premium housing market at 113% above the U.S. median of $281,900. Renters pay a median of $1,170 per month. The price-to-income ratio of 6.8x means housing costs are stretched relative to local earnings.
Education
13.5% of residents hold a bachelor's degree, below the national average of 33.7%. 33.4% have completed high school.
Climate & Weather
Port Hope experiences four distinct seasons with an average temperature of 49°F. Winters average 28°F in January while summers reach 71°F in July. The area gets 245 sunny days per year. Annual precipitation totals 37.3 inches, including 51.3 inches of snow.