Red Lake
Small town · Ontario · Population 4,094
Housing and jobs
Housing costs, rents, incomes and jobs in Red Lake, with comparisons and sources.
Affordability
Average monthly rent$984/month
ON: $1,408/month · Canada: $1,209/month · 2006: $934/month · 2016: $1,060/month (in 2021 dollars) · Statistics Canada, 2021
Median dwelling value (owner-estimated)$230,000
ON: $700,000 · Canada: $472,000 · 2016: $226,648 (in 2021 dollars) · Statistics Canada, 2021
Households spending 30%+ of income on housing12.6%
ON: 24.2% · Canada: 20.9% · 2006: 14% · 2016: 13.4% · Statistics Canada, 2021
Economy
Median household income$111,000
ON: $91,000 · Canada: $84,000 · 2006: $95,636 · 2016: $115,153 (in 2020 dollars) · Statistics Canada, 2021
Population growth (5-year)-0.3%
ON: 5.8% · Canada: 5.2% · 2016: -12.1% · Statistics Canada, 2021
Unemployment rate5.1%
ON: 12.2% · Canada: 10.3% · 2006: 5.1% · 2016: 5.2% · Statistics Canada, 2021