Elgin

Small town · New Brunswick · Population 1,064

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Housing and jobs

Housing costs, rents, incomes and jobs in Elgin, with comparisons and sources.

Affordability

80 · Excellent

Average monthly rent$760/month

NB: $870/month · Canada: $1,209/month · 2006: $585/month · 2016: $463/month (in 2021 dollars) · Statistics Canada, 2021

Average rent, bachelor apartmentPurpose-built rentals, CMHC October survey.$1,028/month

Metro area average · CMHC, 2025

Average rent, 1-bedroom apartmentPurpose-built rentals, CMHC October survey.$1,164/month

Metro area average · CMHC, 2025

Average rent, 2-bedroom apartmentPurpose-built rentals, CMHC October survey.$1,452/month

Metro area average · CMHC, 2025

Average rent, 3-bedroom apartmentPurpose-built rentals, CMHC October survey.$1,607/month

Metro area average · CMHC, 2025

Rental vacancy rateShare of purpose-built rental apartments empty and available in October.3.7%

Metro area average · CMHC, 2025

Median dwelling value (owner-estimated)$150,000

NB: $180,000 · Canada: $472,000 · 2016: $110,592 (in 2021 dollars) · Statistics Canada, 2021

Households spending 30%+ of income on housing6.5%

NB: 12.9% · Canada: 20.9% · 2006: 4.7% · 2016: 14.1% · Statistics Canada, 2021

Economy

55 · Average

Median household income$57,200

NB: $70,000 · Canada: $84,000 · 2006: $50,909 · 2016: $53,559 (in 2020 dollars) · Statistics Canada, 2021

Population growth (5-year)19.3%

NB: 3.8% · Canada: 5.2% · 2016: -7.9% · Statistics Canada, 2021

Unemployment rate13.8%

NB: 10.3% · Canada: 10.3% · 2006: 13% · 2016: 8.9% · Statistics Canada, 2021