Thunder Bay, ON
Full City Profile · Ontario
3.0
/5.0
B
Good
108,843
Population
860/sq mi density
$82,000
Median Income
$48,760 per capita
$300,000
Home Value
$970
Median Rent
9.6% income on rent
39°F
Avg Temperature
B
Overall
3.0 / 5.0
Good overall score based on economy, affordability, safety and education
B
Economy
3.1 / 5.0
$82,000 median income, 11.2% unemployment
A+
Affordability
4.6 / 5.0
$300,000 home value, $970/mo rent
C+
Safety
2.5 / 5.0
D
Education
2.0 / 5.0
12.1% bachelor's degree or higher
Housing Overview
Median Home Value
$300,000
6% above
US avg: $281,900
Median Rent
$970/mo
17% below
US avg: $1,163/mo
Homeownership Rate
91.0%
39% above US avg (65.4%)
Total Housing Units
2,785
Ownership vs. Renting
91.0%
Owner-Occupied
9.0%
Renter-Occupied
US avg: 65.4% owner-occupied
Affordability & Housing Stock
Rent Burden
9.6%
of renters spending 30%+ of income on housing
69% below US avg (31.0%)
Homeownership Rate
91.0%
Complete Housing Data
Home Values
| Census Median Value | $300,000 |
Rent
| Census Median Rent | $970 |
Market
Ownership & Stock
| Owner-Occupied | 91.0% |
| Renter-Occupied | 9.0% |
| Homeownership Rate | 91.0% |
| Total Housing Units | 2,785 |
| Rent Burden | 9.6% |