Perth South

Expert Debt Relief & Consumer Proposal Help

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Perth South, Ontario, is facing significant financial challenges as its population declines, leading to fewer job opportunities and increased difficulty in affording essentials. With a median age above the provincial average and many residents on fixed incomes, the community struggles with rising healthcare costs. The weak economy and housing market further complicate financial stability, underscoring the need for effective debt relief solutions.

City: Perth South
Province/Territory: Ontario (ON), Canada
Est. Population: 3,810

Financial Challenges

Perth South, Ontario, is facing financial challenges that make it tough for people who are struggling with money. The population has been decreasing, which means there are fewer jobs and businesses in the area. This makes it harder for residents to find work and earn enough to pay for things like rent, food, and bills. Additionally, many people in Perth South are getting older, which can lead to higher costs for healthcare and make it difficult for those on fixed incomes to keep up with rising prices.

The economy in Ontario is also not doing well, with more people losing their jobs and incomes growing very slowly. This situation in the province affects Perth South, as there are fewer job opportunities and wages aren’t increasing much. The housing market is weak, making it hard to buy a home and sometimes even renting can be expensive. All these factors together make living and working in Perth South challenging for those who are already having money problems.

Debt Relief Solutions Available

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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

• Granton: A small community known for its quiet atmosphere and beautiful rural landscapes. It offers a tight-knit community feel and is popular for those seeking a peaceful lifestyle.

• Sebringville: Located just south of the larger township of Perth East, Sebringville is a charming hamlet characterized by its small-town charm, historic architecture, and community events.

• St. Pauls: This quaint community boasts a friendly environment, rich agricultural land, and proximity to the Thames River. It’s ideal for families and individuals looking for outdoor activities.

• Lakeside: A picturesque area that offers scenic views and access to water-related activities. Lakeside is popular among those who enjoy nature and the outdoors, providing ample opportunities for fishing and boating.

• Huron Park: An attractive neighborhood with a mix of residential and commercial spaces. It features accessible amenities and is a convenient location for families, with schools and parks nearby.

• Kintore: Known for its small community feel, Kintore provides a mix of residential homes and farmland. It is an ideal spot for those looking for a balance between rural life and easy access to nearby cities.

• Brooksdale: A serene and picturesque community that offers a peaceful living environment. It’s surrounded by nature, making it a great choice for those who appreciate farming and outdoor living.

• Tiverton: A vibrant village atmosphere featuring a strong sense of community. Tiverton is close to recreational opportunities and is favored by families for its welcoming environment and local amenities.

_{Illustration of Perth South, Ontario, Canada}

Cost of Living

This table provides a breakdown of various average cost-of-living expenses in Perth South, 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 Perth South, Ontario?
2. How does the cost of housing in Perth South compare to nearby cities?
3. What are the primary economic sectors contributing to Perth South’s economy?
4. Are there significant financial challenges faced by residents of Perth South?
5. What is the unemployment rate in Perth South, and how does it affect the local economy?
6. What financial assistance programs are available to residents in Perth South?
7. How is the economic outlook for Perth South expected to change in the coming years?
   

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

Overview

Located in Ontario, this township covers an area of 391.88 square kilometers and has a population of about 3,776, showing a slight decline over recent years. The community primarily consists of families, with a median age of 41.7 years, slightly above the provincial average, and a notable 12% of residents are retirement-aged. The area has a rich agricultural history, contributing to its rural character, and around 6% of the population are immigrants. Community activities often reflect the area’s heritage and natural beauty, with opportunities for outdoor recreation and local events fostering a close-knit atmosphere. Overall, the region balances its rural charm with essential local services that support its residents’ daily lives.