Terrace Bay
Small town · Ontario · Population 1,528
Housing and jobs
Housing costs, rents, incomes and jobs in Terrace Bay, with comparisons and sources.
Affordability
Average monthly rent$780/month
ON: $1,408/month · Canada: $1,209/month · 2006: $771/month · 2016: $780/month (in 2021 dollars) · Statistics Canada, 2021
Median dwelling value (owner-estimated)$100,000
ON: $700,000 · Canada: $472,000 · 2016: $98,864 (in 2021 dollars) · Statistics Canada, 2021
Households spending 30%+ of income on housing12.7%
ON: 24.2% · Canada: 20.9% · 2006: 7.2% · 2016: 9.5% · Statistics Canada, 2021
Economy
Median household income$86,000
ON: $91,000 · Canada: $84,000 · 2006: $102,737 · 2016: $81,516 (in 2020 dollars) · Statistics Canada, 2021
Population growth (5-year)-5.2%
ON: 5.8% · Canada: 5.2% · 2016: 9.5% · Statistics Canada, 2021
Unemployment rate9%
ON: 12.2% · Canada: 10.3% · 2006: 23.3% · 2016: 9.6% · Statistics Canada, 2021