Rankin Inlet

Small town · Nunavut · Population 2,975

Housing and jobs

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

48 · Average

Average monthly rent$1,032/month

NU: $822/month · Canada: $1,209/month · 2006: $663/month · 2016: $859/month (in 2021 dollars) · Statistics Canada, 2021

Median dwelling value (owner-estimated)$400,000

NU: $400,000 · Canada: $472,000 · 2016: $414,442 (in 2021 dollars) · Statistics Canada, 2021

Households spending 30%+ of income on housing5.5%

NU: 5.7% · Canada: 20.9% · 2006: 6.1% · 2016: 5% · Statistics Canada, 2021

35 · Below average

Median household income$140,000

NU: $118,000 · Canada: $84,000 · 2006: $93,908 · 2016: $141,901 (in 2020 dollars) · Statistics Canada, 2021

Population growth (5-year)4.7%

NU: 2.5% · Canada: 5.2% · 2016: 10.3% · Statistics Canada, 2021

Unemployment rate15.1%

NU: 16.9% · Canada: 10.3% · 2006: 10.3% · 2016: 17.5% · Statistics Canada, 2021