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Rankin Inlet, NU
Full City Profile · Nunavut
3.1
/5.0
B
Good
2,975
Population
385/sq mi density
$140,000
Median Income
$63,400 per capita
$400,000
Home Value
$1,000
Median Rent
5.5% income on rent
14°F
Avg Temperature
313 sunny days/yr
B
Overall
3.1 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.6 / 5.0
$140,000 median income, 15.1% unemployment
A+
Affordability
5.0 / 5.0
$400,000 home value, $1,000/mo rent
C+
Safety
2.5 / 5.0
F
Education
1.5 / 5.0
5.9% bachelor's degree or higher
Housing Overview
Median Home Value
$400,000
42% above
US avg: $281,900
Median Rent
$1,000/mo
14% below
US avg: $1,163/mo
Homeownership Rate
27.9%
57% below US avg (65.4%)
Total Housing Units
825
Ownership vs. Renting
27.9%
Owner-Occupied
72.1%
Renter-Occupied
US avg: 65.4% owner-occupied
Affordability & Housing Stock
Rent Burden
5.5%
of renters spending 30%+ of income on housing
82% below US avg (31.0%)
Homeownership Rate
27.9%
Complete Housing Data
Home Values
| Census Median Value | $400,000 |
Rent
| Census Median Rent | $1,000 |
Market
Ownership & Stock
| Owner-Occupied | 27.9% |
| Renter-Occupied | 72.1% |
| Homeownership Rate | 27.9% |
| Total Housing Units | 825 |
| Rent Burden | 5.5% |