Casselman

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_{Casselman, debt relief, Ontario}

Casselman, Ontario, with a population of about 3,970, faces significant financial challenges due to lower median incomes and high housing costs. Many residents earn below the provincial average, particularly women and single-mother households. A sizable portion of the population is older adults on fixed incomes, complicating healthcare expenses. Limited job opportunities and language barriers further hinder access to debt relief and financial support.

City: Casselman
Province/Territory: Ontario (ON), Canada
Est. Population: 3,970

Financial Challenges

People living in Casselman, Ontario, might find it hard to make ends meet because the average income is lower than in other parts of Ontario. Many adults earn around $48,000 a year, but women usually earn less than men, which can make it tough for families led by single mothers. There are also a lot of older people who live on fixed incomes, making it difficult for them to handle rising healthcare costs. Additionally, a significant number of households consist of just one person, meaning there’s only one income to support living expenses, which can lead to financial stress.

Working in Casselman can also be challenging because job opportunities might not pay enough to keep up with the cost of living, especially as the population grows. Housing prices could go up as more people move to the area, making it harder to afford a home. For those who speak French, most financial services are available in French, but there might still be barriers to accessing all the help they need. All these factors combined make it difficult for people with money problems to live and work comfortably in Casselman.

Debt Relief Solutions Available

_{*Illustration of Casselman, 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

• Downtown Casselman
  The heart of the town, Downtown Casselman features local shops, cafes, and community centers. It serves as a hub for social activities and local events, making it a vibrant area for residents and visitors alike.

• Riverside
  This picturesque neighborhood is situated along the Ottawa River, offering scenic views and recreational opportunities. Riverside is known for its parks, walking trails, and family-friendly atmosphere, making it a popular choice for those who enjoy outdoor activities.

• Casselman Heights
  A residential area that boasts a variety of homes, Casselman Heights is known for its quiet streets and friendly neighborhood vibe. Families appreciate the proximity to schools and amenities, fostering a strong sense of community.

• West End
  The West End of Casselman features suburban homes and a mix of local businesses. This area is known for its spacious lots and family-oriented amenities, making it an ideal location for those seeking a peaceful, community-oriented lifestyle.

• Plantagenet Road Area
  Located near the main thoroughfare, this neighborhood provides easy access to both commercial and recreational areas. Residents enjoy the convenience of nearby shops while appreciating the charm of suburban living in a small town setting.

_{Illustration of Casselman, Ontario, Canada}

Cost of Living

This table provides a breakdown of various average cost-of-living expenses in Casselman, 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 average cost of living in Casselman, Ontario?
2. How does the job market in Casselman compare to nearby cities?
3. What are the typical housing prices in Casselman?
4. Are there local financial assistance programs available to residents in Casselman?
5. What are the major industries driving the economy of Casselman?
6. How has the economic outlook for Casselman changed in recent years?
7. What are the common financial challenges faced by residents in Casselman?
   

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

Overview

Located in eastern Ontario, this community has a population of around 3,970, marking a growth of 11.4% from 2016 to 2021. The area is predominantly French-speaking, with over 71% of residents using French as their first language. The community’s age distribution shows that 62.6% are of working age (15 to 64 years), while about 20.9% are seniors aged 65 and over. The average household size is 2.4, with many families consisting of two or more people. The local economy is characterized by modest median incomes, with residents earning a median total income of $51,200, which is below the provincial average.