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Torbay, NL

Full City Profile · Newfoundland and Labrador

3.4 /5.0
B Good
7,852 Population 583/sq mi density
$108,000 Median Income $63,550 per capita
$348,000 Home Value
$950 Median Rent 14.1% income on rent
44°F Avg Temperature 160 sunny days/yr
B
Overall
3.4 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.8 / 5.0
$108,000 median income, 9.7% unemployment
A+
Affordability
4.9 / 5.0
$348,000 home value, $950/mo rent
C+
Safety
2.5 / 5.0
C
Education
2.3 / 5.0
16.2% bachelor's degree or higher

Torbay, NL

At a Glance

Median Income
$108,000
44% above
$63,550 per capita
Home Value
$348,000
23% above
Median Rent
$950/mo
18% below
14.1% of income on rent
Bachelor's Degree+
16.2%
52% below
27.0% high school+
Unemployment
9.7%
169% above
6.9% poverty rate
Avg Temperature
44°F
160 sunny days/yr

How Torbay Compares to the U.S. Average

Each bar shows Torbay's value as a percentage of the national average (100% = U.S. avg)

Income
144%
Home Value
123%
Rent
82%
Poverty
56%
Bachelor's
48%
Unemployment
269%
Thin vertical line = U.S. national average (100%)

Is Torbay a Good Place to Live?

B
3.4 / 5.0 — Good
Based on economy, affordability, safety, and education metrics compared to national averages.

Economy & Jobs

Torbay residents earn a median household income of $108,000 , which is 44% above the national average of $75,149. Per capita income is $63,550. The unemployment rate stands at 9.7% (169% above the U.S. rate of 3.6%). 6.9% of residents live below the poverty line. The area is home to 243 business establishments.

Housing & Cost of Living

The median home value in Torbay is $348,000 , 23% above the national median of $281,900. Median rent is $950/month, with 14.1% of renters spending more than 30% of income on housing.

Education

16.2% of adults in Torbay hold a bachelor's degree or higher (52% below the national average). 27.0% have completed high school.

Climate & Weather

Torbay has an average annual temperature of 44°F (6°C). Winters average 33°F in January while summers reach 65°F in July. The area gets 160 sunny days per year. Annual precipitation totals 60.6 inches.

Data Overview

People

Population7,852
Median Age42.8 yrs
Density583/mi²
Male / Female49% / 51%

Economy

B+
Median Income$108,000
Per Capita$63,550
Unemployment9.7%
Poverty6.9%
Avg Weekly Wage$1,222

Housing

A+
Home Value$348,000
Rent$950
Ownership82.4%
Housing Units2,985
Rent Burden14.1%

Crime

C+
Property3,500/100K
Burglary484/100K

Climate

Avg Temp44°F
Sunny Days160/yr
Rain60.6 in/yr
Elevation246 ft

Education

C
Bachelor's+16.2%
High School+27.0%
Graduate+5.9%

Community

Commute22 min

Did You Know?

24.4% work from home.