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Salmon Cove, NL
Full City Profile · Newfoundland and Labrador
2.8
/5.0
C+
Fair
764
Population
470/sq mi density
$61,200
Median Income
$37,000 per capita
$190,000
Home Value
$880
Median Rent
8.7% income on rent
41°F
Avg Temperature
241 sunny days/yr
C+
Overall
2.8 / 5.0
Fair overall score based on economy, affordability, safety and education
C
Economy
2.3 / 5.0
$61,200 median income, 23.9% unemployment
A+
Affordability
4.9 / 5.0
$190,000 home value, $880/mo rent
C+
Safety
2.5 / 5.0
F
Education
1.4 / 5.0
4.4% bachelor's degree or higher
Housing Overview
Median Home Value
$190,000
33% below
US avg: $281,900
Median Rent
$880/mo
24% below
US avg: $1,163/mo
Homeownership Rate
91.2%
39% above US avg (65.4%)
Total Housing Units
340
Ownership vs. Renting
91.2%
Owner-Occupied
8.8%
Renter-Occupied
US avg: 65.4% owner-occupied
Affordability & Housing Stock
Rent Burden
8.7%
of renters spending 30%+ of income on housing
72% below US avg (31.0%)
Homeownership Rate
91.2%
Complete Housing Data
Home Values
| Census Median Value | $190,000 |
Rent
| Census Median Rent | $880 |
Market
Ownership & Stock
| Owner-Occupied | 91.2% |
| Renter-Occupied | 8.8% |
| Homeownership Rate | 91.2% |
| Total Housing Units | 340 |
| Rent Burden | 8.7% |