St. John's Income and Insurance Needs
In broad terms, the residents of St. John's are neither fabulously rich or desperately poor. The average after-tax income in 2015 among recipients was $41,664. Notably, females earned an average of $34,589, while males earned on average, quite substantially more at $49,492. Of the 108,860 residents, 8,770 individuals earned $100,000 or more. Typically, many high-income individuals like doctors, lawyers, business owners and other professionals seek the protection of things like errors and omissions insurance, commercial general liability insurance, construction liability insurance. With the modest growth in St. John's, there is no reason to believe that demand for these kinds of protections will diminish in the future.