Amaranth

Trusted Debt Relief & Consumer Proposal Experts

_{Amaranth, debt relief, Ontario}

Amaranth, Ontario, with a population of approximately 4,400, faces significant financial challenges due to an aging demographic and limited job opportunities. Many residents rely on fixed incomes, making it difficult to manage expenses such as healthcare and childcare. Rising living costs further exacerbate these issues, leading to increased financial stress. Debt relief options may be essential for families struggling in this small community.

City: Amaranth
Province/Territory: Ontario (ON), Canada
Est. Population: 3,963

Financial Challenges

Many people in Amaranth have trouble because a lot of them are older and might be retired. This means they get a fixed amount of money each month, which can make it hard to pay for things like medicine or home repairs. Families with children also spend more money on things like school and childcare, which adds to their financial stress. Since Amaranth is a small town with only about 100 businesses, there aren’t many jobs available. If someone loses their job, it can be really hard to find a new one nearby.

On top of that, the whole province of Ontario is seeing more people without jobs, and this affects Amaranth too. Prices for everyday things can go up, making it harder to afford groceries and other necessities. Because there aren’t many different kinds of jobs, people might have to settle for lower-paying work or work extra hours, which can still leave them short on money. All these factors together make living and working in Amaranth challenging for those who are already having money problems.

Debt Relief Solutions Available

_{*Illustration of Amaranth, Ontario}

Debt Data

This table includes estimates on the number of residents who are experiencing financial stress situations. You are not alone.

_{The estimates above are based on the following ratios living paycheck to paycheck rate (47%), poverty rate (11.1%), delinquency rate (1.09%), insolvency rate (0.25%), consumer proposal rate (0.19%), personal bankruptcy rate (.06%) from the following sources leger360.com, statcan.gc.ca, consumer.equifax.ca and is, d-isde.canada.ca.}

Areas / Neighbourhoods

• Orangeville: Located just south of Amaranth, Orangeville is a vibrant town known for its charming downtown area, which features unique shops, restaurants, and cultural events. It’s a popular area for families and offers numerous parks and recreational activities.

• Shelburne: Situated to the northwest of Amaranth, Shelburne is a growing community with a friendly atmosphere. It boasts a range of amenities, including shopping, dining, and community services, making it a great place for families and newcomers alike.

• Grand Valley: This small village lies to the east of Amaranth and is known for its beautiful natural surroundings and strong sense of community. Grand Valley offers a peaceful rural lifestyle with access to outdoor recreational opportunities and local events.

• Mono: Adjacent to Amaranth, Mono offers a mix of natural beauty and suburban living. It features rolling landscapes, conservation areas, and a variety of housing options, appealing to those who enjoy outdoor activities and a quieter lifestyle.

• Caledon: Though slightly further away, Caledon is a prominent area that attracts residents from Amaranth. Known for its scenic countryside and upscale homes, Caledon provides a blend of rural charm and suburban convenience, with ample parks and recreational facilities.

_{Illustration of Amaranth, Ontario, Canada}

Cost of Living

This table provides a breakdown of various average cost-of-living expenses in Amaranth, Canada to help understand the financial requirements for different living situations.

_{The cost of living data is based on provincial averages and may differ between cities, towns, and rural areas.}

Top Questions

1. What is the current cost of living in Amaranth, Ontario compared to nearby municipalities?
2. How does the average household income in Amaranth compare to the Ontario provincial average?
3. What are the most common financial challenges faced by residents in Amaranth?
4. Are there local resources or programs available to assist residents with financial planning and budgeting?
5. What is the economic outlook for Amaranth in the next five years?
6. How have property taxes in Amaranth changed over the past few years and what impacts does this have on residents?
7. What are the primary industries contributing to the economy of Amaranth and their impact on local employment opportunities?
   

If you have a question about debt see our debt related question or ask your own debt related question.

Overview

Located in Ontario, this small township features a population of roughly 4,400 residents, mainly consisting of families and couples. The area is known for its beautiful rural landscapes and agricultural surroundings. Many of the local inhabitants have roots tracing back to the United Kingdom and the Netherlands, contributing to its unique cultural heritage. With a median age of 44.5, the community is experiencing an aging demographic, which often influences local services and activities. The township has about 100 businesses, offering various services to its residents while also fostering a close-knit environment where community participation is encouraged.