Paradise

Town · Newfoundland and Labrador · Population 22,957

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Housing and jobs

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

Affordability

27 · Below average

Average monthly rent$1,090/month

NL: $903/month · Canada: $1,209/month · 2006: $803/month · 2016: $1,105/month (in 2021 dollars) · Statistics Canada, 2021

Average rent, bachelor apartmentPurpose-built rentals, CMHC October survey.$945/month

Metro area average · CMHC, 2025

Average rent, 1-bedroom apartmentPurpose-built rentals, CMHC October survey.$1,064/month

Metro area average · CMHC, 2025

Average rent, 2-bedroom apartmentPurpose-built rentals, CMHC October survey.$1,348/month

Metro area average · CMHC, 2025

Average rent, 3-bedroom apartmentPurpose-built rentals, CMHC October survey.$1,327/month

Metro area average · CMHC, 2025

Rental vacancy rateShare of purpose-built rental apartments empty and available in October.1.6%

Metro area average · CMHC, 2025

Median dwelling value (owner-estimated)$348,000

NL: $240,000 · Canada: $472,000 · 2016: $385,519 (in 2021 dollars) · Statistics Canada, 2021

Households spending 30%+ of income on housing16.4%

NL: 14.6% · Canada: 20.9% · 2006: 17.7% · 2016: 16.5% · Statistics Canada, 2021

Economy

60 · Good

Median household income$111,000

NL: $71,500 · Canada: $84,000 · 2006: $86,537 · 2016: $116,376 (in 2020 dollars) · Statistics Canada, 2021

Population growth (5-year)7.3%

NL: -1.8% · Canada: 5.2% · 2016: 20.9% · Statistics Canada, 2021

Unemployment rate8.5%

NL: 15.2% · Canada: 10.3% · 2006: 8.2% · 2016: 6.9% · Statistics Canada, 2021