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Rankin Inlet, NU
Full City Profile · Nunavut
Rankin Inlet, NU
At a Glance
How Rankin Inlet Compares to the U.S. Average
Each bar shows Rankin Inlet's value as a percentage of the national average (100% = U.S. avg)
Is Rankin Inlet a Good Place to Live?
Economy & Jobs
Rankin Inlet residents earn a median household income of $140,000 , which is 86% above the national average of $75,149. Per capita income is $63,400. The unemployment rate stands at 15.1% (319% above the U.S. rate of 3.6%). 9.0% of residents live below the poverty line. The area is home to 92 business establishments.
Housing & Cost of Living
The median home value in Rankin Inlet is $400,000 , 42% above the national median of $281,900. Median rent is $1,000/month, with 5.5% of renters spending more than 30% of income on housing.
Education
5.9% of adults in Rankin Inlet hold a bachelor's degree or higher (82% below the national average). 21.9% have completed high school.
Climate & Weather
Rankin Inlet has an average annual temperature of 14°F (-10°C). Winters average -20°F in January while summers reach 49°F in July. The area gets 313 sunny days per year. Annual precipitation totals 12.6 inches.