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Terrace Bay, ON

Ontario

Terrace Bay is a small town in Ontario with a population of 1,528. Residents earn $86,000 per year, which is 14% above the national average.

3.5 /5.0
B+ Good
1,528 Population 26/sq mi density
$86,000 Median Income $51,400 per capita
$100,000 Home Value
$750 Median Rent 12.6% income on rent
B+
Overall
3.5 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.6 / 5.0
$86,000 median income, 9.0% unemployment
A+
Affordability
5.0 / 5.0
$100,000 home value, $750/mo rent
D
Education
1.8 / 5.0
10.5% bachelor's degree or higher
Median Income $86,000
14% higher than US avg
Home Value $100,000
65% lower than US avg
Bachelor's+ 10.5%
69% lower than US avg
Median Rent $750
36% lower than US avg
Obesity Rate 26.2%
18% lower than US avg
Unemployment 9.0%
150% higher than US avg
Poverty Rate 6.8%
45% lower than US avg

How Terrace Bay Compares to the U.S. Average (100% = U.S. avg)

People

Population1,528
Median Age48.8 yrs
Density26/mi²
Male / Female52% / 48%
Largest GroupWhite 90%

Economy

B+
Median Income$86,000
Per Capita$51,400
Unemployment9.0%
Poverty6.8%
Commute15 min

Housing

A+
Home Value$100,000
Rent$750
OwnershipN/A
Housing Units710
Rent Burden12.6%

Health

Obesity26.2%
UninsuredN/A
Smoking8.9%
Depression4.1%
Heart Disease9.5%

Climate

Avg TempN/A
AQI27 (Good)
Elevation892 ft (272 m)

Education

D
Bachelor's+10.5%
High School+35.2%
Graduate+2.8%

Community

Commute15 min
Broadband94.0%

Is Terrace Bay a Good Place to Live?

Based on current data, Terrace Bay receives an overall livability score of 3.5 out of 5.0, earning a grade of B+. Key strengths include above-average household incomes, affordable housing, a low poverty rate, strong internet connectivity. Areas to be aware of include above-average unemployment. Terrace Bay offers a solid quality of life with a good balance of affordability, safety, and opportunity.

Economy & Jobs

The median household income in Terrace Bay is $86,000, 14% above the national average of $75,149. Residents generally enjoy above-average earning potential. At 9.0%, unemployment is notably high. Only 6.8% of residents live below the poverty line, well below the national rate of 12.4%. Workers commute an average of 15 minutes, shorter than most U.S. cities.

Cost of Living & Housing

The median home value in Terrace Bay is $100,000, 65% below the national median — offering relatively affordable homeownership. Renters pay a median of $750 per month, below the national average — a plus for affordability. At just 1.2x median income, home prices are very affordable relative to local earnings.

Education

10.5% of residents hold a bachelor's degree, below the national average of 33.7%. 35.2% have completed high school.

Climate & Weather

Air quality is rated Good with a median AQI of 27.

Terrace Bay has a population of 1,528 with a density of 26 people per square mile. The median age is 48.8 years, 25% older than the national median of 38.9. The city is predominantly White (89.6%), with 1.7% Black, 8.4% Asian.

Population

1,528
Total Population
2021 Census
26
People / sq mi
48.8yrs
Median Age
25% above US avg
58.5mi²
Land Area

Gender Distribution

Male 51.6%
Female 48.4%

Race & Ethnicity

Terrace Bay vs U.S. Average

Language Spoken at Home

English Only85.6%
9% above US avg
Spanish4.3%
68% below US avg
Other Languages10.1%

Social Characteristics

Terrace Bay vs U.S. Average

The median household income in Terrace Bay is $86,000, which is 14% above the national average of $75,149. The unemployment rate is 9.0% (above the 3.6% US average). 6.8% of residents live below the poverty line. Workers commute an average of 15 minutes.

Income: Terrace Bay vs U.S.

Commute Mode

Income

Median HH Income$86,000
14% above US avg
Per Capita Income$51,400

Employment & Poverty

Unemployment9.0%
150% above US avg
Poverty Rate6.8%
45% below US avg

Business (County)

Tax & Cost of Living

Commute & Transportation

Commute Time14.5 min
Drive Alone82.6%
Public Transit0.0%
Work from Home5.2%

Walkability

The median home value in Terrace Bay is $100,000, 65% below the national average. Monthly rent averages $750 (36% below US avg).

Home Value Sources

Ownership Split

Home Values

Census Median$100,000
65% below US avg

Real Estate Market (Redfin)

Rental Costs

Census Median Rent$750
36% below US avg
Rent Burden12.6%

Ownership & Property

Owner-Occupied78.9%
Renter-Occupied21.8%
Housing Units710

Property Tax

In Terrace Bay, 26.2% of adults are obese (below the 32.1% national rate). 8.9% are current smokers. 4.1% report depression. 76.3% are physically inactive.

Health Metrics: Terrace Bay vs U.S. Average (%)

Chronic Conditions

Obesity26.2%
18% below US avg
Diabetes5.5%
Heart Disease9.5%
High Blood Pressure22.1%

Behaviors & Mental Health

Smoking8.9%
36% below US avg
Binge Drinking10.0%
Physical Inactivity76.3%
Depression4.1%

Healthcare Access

Insurance Rate89.0%

Food & Exercise

10.5% of residents hold a bachelor's degree or higher (69% below US avg). 94.0% of households have broadband internet.

Education

Bachelor's Degree+10.5%
69% below US avg
High School+35.2%
Graduate Degree+2.8%
D Education Grade (1.8/5.0)

Urban-Rural Classification

Population Density26/sq mi
Total Area58.5 sq mi

Infrastructure & Services

Broadband Access94.0%

Safety & Disasters

Commute & Transportation

Avg Commute14.5 min
Drive Alone82.6%
Public Transit0.0%
Work from Home5.2%

Nearby Cities

Schreiber, ON 1,039 pop · 7.8 mi Marathon, ON 3,138 pop · 33.5 mi Nipigon, ON 1,473 pop · 55.4 mi Manitouwadge, ON 1,974 pop · 61.7 mi Geraldton, ON 1,761 pop · 65.5 mi Greenstone, ON 4,309 pop · 65.7 mi Longlac, ON 1,316 pop · 73.5 mi Shuniah Township, ON 3,247 pop · 93.7 mi Current River, ON 4,744 pop · 97.8 mi Shuniah, ON 3,247 pop · 98.8 mi
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