Caraquet, NB Employment - Median Household Income, Unemployment Rate

F

23%

Household income NAT. AVG.

6%

Unemployment NAT. AVG.

13%

In labour force NAT. AVG.

Index	Caraquet	New Brunswick	National
Median household income	$63,432	$70,223	$82,436
Unemployment rate	6.8%	5.4%	6.4%
In labour force	55.4%	60.7%	63.9%

Key findings

The median household income in Caraquet is 23% lower than the national average
The unemployment rate in Caraquet is 6% higher than the national average
In Caraquet 7.4% of people earn $20,000 or less
In Caraquet 10.2% of people earn between $80,000 and $100,000
In Caraquet 1.8% of people earn $300,000 or more

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am i middle class

$42,283 $63,432 $126,864

City

$46,810 $70,223 $140,446

State

$54,951 $82,436 $164,872

Nation

According to the PEW research center, the middle class is defined as a range from two thirds (2/3) of the median household income to a multiple of two (2) times the median household income. Displayed above are the city, state and national median household income averages. Simply enter your median household income to determine if your income falls into the middle class or if your household income is considered upper or lower class.

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Caraquet median earnings by income bracket

Caraquet employment by industry

Labour Type	Percent
Construction industry	4.3%
Manufacturing sector	6.8%
Financial & insurance services	4.7%
Wholesale & retail services	6.6%
Public administration	2.8%
Transportation, warehousing & utilities	1.8%
Education, health & social services	11.4%
Other	16.4%

Nearby cities with high median household income

City	Population	Household Income	National Avg.
Le Goulet, NB	781	$90,664	10.0%
Inkerman, NB	2,249	$65,362	20.7%
Shippagan, NB	4,769	$63,507	23.0%
New Bandon, NB	1,224	$60,535	26.6%
Bas-Caraquet, NB	1,293	$56,765	31.1%
Caraquet, NB	1,330	$63,432	23.1%

Cities with similar population

City	Population	Household Income	National Avg.
New California, OH	1,330	n/a
Smithville, OH	1,330	n/a
West Hills, PA	1,330	n/a
Point Venture, TX	1,330	n/a
Edison, GA	1,329	n/a
Caraquet, NB	1,330	$63,432	23.1%

Source: The Caraquet, NB data and statistics displayed above are derived from Statistics Canada and updated for 2021 by Environics Analytics.