Niagara Falls

Small city · Ontario · Population 94,415

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Housing and jobs

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

Affordability

11 · Poor

Average monthly rent$1,212/month

ON: $1,408/month · Canada: $1,209/month · 2006: $924/month · 2016: $1,001/month (in 2021 dollars) · Statistics Canada, 2021

Average rent, bachelor apartmentPurpose-built rentals, CMHC October survey.$1,189/month

Metro area average · CMHC, 2025

Average rent, 1-bedroom apartmentPurpose-built rentals, CMHC October survey.$1,318/month

Metro area average · CMHC, 2025

Average rent, 2-bedroom apartmentPurpose-built rentals, CMHC October survey.$1,527/month

Metro area average · CMHC, 2025

Average rent, 3-bedroom apartmentPurpose-built rentals, CMHC October survey.$1,567/month

Metro area average · CMHC, 2025

Rental vacancy rateShare of purpose-built rental apartments empty and available in October.3.5%

Metro area average · CMHC, 2025

Median dwelling value (owner-estimated)$552,000

ON: $700,000 · Canada: $472,000 · 2016: $276,485 (in 2021 dollars) · Statistics Canada, 2021

Households spending 30%+ of income on housing23.3%

ON: 24.2% · Canada: 20.9% · 2006: 27% · 2016: 26.1% · Statistics Canada, 2021

Economy

37 · Below average

Median household income$74,500

ON: $91,000 · Canada: $84,000 · 2006: $65,939 · 2016: $65,716 (in 2020 dollars) · Statistics Canada, 2021

Population growth (5-year)7.2%

ON: 5.8% · Canada: 5.2% · 2016: 6.1% · Statistics Canada, 2021

Unemployment rate22.5%

ON: 12.2% · Canada: 10.3% · 2006: 6.2% · 2016: 7.7% · Statistics Canada, 2021