Terence Bay, NS Employment - Median Household Income, Unemployment Rate

C+

5%

Household income NAT. AVG.

29%

Unemployment NAT. AVG.

11%

In labour force NAT. AVG.

Index	Terence Bay	Halifax	Nova Scotia
Median household income	$78,517	$80,863	$71,343
Unemployment rate	4.6%	5.1%	5.7%
In labour force	57.0%	67.3%	61.2%

Key findings

The median household income in Terence Bay is 5% lower than the national average
The unemployment rate in Terence Bay is 29% lower than the national average
In Terence Bay 3.2% of people earn $20,000 or less
In Terence Bay 17.2% of people earn between $80,000 and $100,000
In Terence Bay 0.3% of people earn $300,000 or more

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am i middle class

$53,903 $80,863 $161,726

City

$47,557 $71,343 $142,686

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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Terence Bay median earnings by income bracket

Terence Bay employment by industry

Labour Type	Percent
Construction industry	10.1%
Manufacturing sector	2.3%
Financial & insurance services	5.5%
Wholesale & retail services	7.0%
Public administration	3.0%
Transportation, warehousing & utilities	7.0%
Education, health & social services	9.5%
Other	12.4%

Nearby cities with high median household income

City	Population	Household Income	National Avg.
Cole Harbour 30, NS	230	$53,246	35.4%
Halifax, NS	451,852	$80,863	1.9%

Cities with similar population

City	Population	Household Income	National Avg.
Virginia Beach, VA	450,882	n/a
Laval, QC	445,050	$84,211	2.2%
Miami, FL	461,080	n/a
Long Beach, CA	462,081	n/a
Raleigh, NC	469,698	n/a
Halifax, NS	451,852	$80,863	1.9%

Source: The Terence Bay, Halifax, NS data and statistics displayed above are derived from Statistics Canada and updated for 2021 by Environics Analytics.

Terence Bay, Halifax, NS Employment