Saint-Faustin--Lac-Carre

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_{Saint-Faustin–Lac-Carre, debt relief, Quebec}

Saint-Faustin–Lac-Carré is a small, growing municipality in Quebec with a population of around 3,700. The area faces challenges related to limited job opportunities and rising costs in healthcare and housing, significantly impacting older residents on fixed incomes. These financial struggles make debt relief options crucial for residents, as commuting and childcare add to financial pressures.

City: Saint-Faustin–Lac-Carre
Province/Territory: Quebec (QC), Canada
Est. Population: 3,499

Financial Challenges

Living in Saint-Faustin–Lac-Carré can be tough for people who are struggling with money. There aren’t many jobs nearby, so finding work can be hard. Many residents are older, which means they might rely on fixed incomes like pensions. When prices for things like healthcare and housing go up, it can be difficult to keep up with bills and daily expenses.

Additionally, because Saint-Faustin–Lac-Carré is a rural area, people often need to travel long distances to work, which means spending more money on transportation. Housing might also be expensive compared to what people earn locally. Families with children may find it hard to afford things like childcare and other necessities. These challenges can make it hard for those with financial problems to live comfortably and manage their money.

Debt Relief Solutions Available

_{*Illustration of Saint-Faustin–Lac-Carre, Quebec}

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

• Lac Carré: A picturesque area centered around a beautiful lake, offering opportunities for swimming, fishing, and various water sports in the summer, and exciting winter activities like ice fishing and snowmobiling during colder months.

• Saint-Faustin: This charming village area is known for its vibrant community atmosphere, featuring local shops, restaurants, and cultural events. Its proximity to outdoors activities makes it a favorite among residents and visitors alike.

• Mont Blanc: A well-known ski resort area that attracts winter sports enthusiasts. Mont Blanc offers excellent skiing facilities and beautiful trails for snowshoeing and cross-country skiing, making it a prime destination during the winter season.

• Lac des Sables: This scenic neighborhood boasts stunning views of the surrounding hills and access to the lake, which is popular for boating and picnicking. It’s an ideal location for families seeking a tranquil environment close to nature.

• Val-David: While technically just outside Saint-Faustin–Lac-Carre, Val-David is a popular area for those looking to enjoy arts, crafts, and outdoor activities. It is known for its local artisan market and vibrant community events throughout the year.

_{Illustration of Saint-Faustin–Lac-Carre, Quebec, Canada}

Cost of Living

This table provides a breakdown of various average cost-of-living expenses in Saint-Faustin–Lac-Carre, 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 Saint-Faustin–Lac-Carre?
2. How do property prices in Saint-Faustin–Lac-Carre compare to nearby cities?
3. What financial assistance programs are available for residents in Saint-Faustin–Lac-Carre?
4. What are the main economic drivers in Saint-Faustin–Lac-Carre?
5. How do local wages in Saint-Faustin–Lac-Carre align with the cost of living?
6. Are there any emerging industries or job opportunities in Saint-Faustin–Lac-Carre?
7. What financial challenges do residents commonly face in Saint-Faustin–Lac-Carre?
   

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

Overview

Located in the Laurentides region of Quebec, this small municipality has a population of about 3,700 people and covers a rural area with a low density of 29 residents per square kilometer. The community has undergone steady growth, with the total population increasing significantly over the past two decades. Most residents speak French, which makes up about 57.9% of the population. The median household income was approximately $56,741 in 2016, showing growth from previous years. The area is characterized by its natural beauty, with many outdoor activities available, especially in winter, making it a popular spot for tourism. Overall, the area blends a tight-knit community feel with the charm of the outdoors, attracting both residents and visitors alike.