Bridgewater, NS Jobs Overview Bridgewater has a relatively high cost of living compared to Canada's average. Nova ...
Bridgewater, NS Jobs Overview
Bridgewater has a relatively high cost of living compared to Canada's average. Nova Scotia's housing costs are about 6.7 per cent higher than the national average. Food is about 7.1 per cent more expensive. Energy is one of the most concerning expenses; the cost of energy in Nova Scotia is nearly 13 per cent higher than the national average. These factors make it rather expensive to live in Bridgewater.
Unfortunately, companies in the area do not pay higher salaries to match the increased cost of living. Government statistics show that households in Bridgewater earn several thousand dollars less per year than the province's average.
Bridgewater, NS Job Opportunities
Bridgewater's economy relies on manufacturing jobs from the tire manufacturer, Michelin. Manufacturing technologists in Nova Scotia can expect to earn about C$24.00 per hour (about C$50,000 annually). Manufacturing managers have greater earning potential. The median wage for manufacturing managers is about C$36.00 per hour (C$75,000 per year). Top earners in this field, however, can make as much as C$60.10 per hour (C$125,000 annually).
Other major employers mostly offer retail jobs that pay salespersons anywhere from C$10.60 to C$18.00 per hour (C$22,000 to C$37,500 annually). Retail professionals with management experience can expect to make about C$17.00 per hour (C$35,000), although some managers can make as much as C$33.65 an hour (about C$70,000).
Bridgewater, NS Employment Trends
Nova Scotia has a fairly high unemployment rate that could make it difficult for residents to find jobs. At 8.8 per cent, the province's rate is about two points higher than Canada's. The good news is that Nova Scotia's unemployment rate has fallen considerably in recent years. In July 2014, it had 9.5 per cent unemployment compared to Canada's 7 per cent. The speed of improvement may suggest that towns like Bridgewater are catching up with the rest of the country.