As of 2006 Torbay had a population of over 9000 people (these stats are dervied from the federal census numbers, which include Flatrock and Pouch Cove). Current population estimates for Torbay itself is at 7400. Torbay enjoys the privacy and quiet of small-town living while remaining minutes from the province’s capital city, St. John’s. The citizens of Torbay are able to take advantage of a modern life without losing their ties to the land, and the way of life in their community.
The 2005 self-reliance ratio for Torbay was 88.7%. This is a measure of the community's dependency on government transfers such as: Canada Pension, Old Age Security, Employment Insurance, Income Support Assistance, etc. The higher the percentage of income that comes from transfers the lower the self-reliance ratio. The provincial self-reliance ratio for 2005 was 78.4%.
The employment rate for May 2001 for people aged 18 to 64 was 74.1%. The provincial employment rate was 54.9%.The employment rate for the entire year 2000 for those aged 18 to 64 was 83.5%. The provincial employment rate for the same period was 73.6%.
The number of individuals in Torbay who received Income Support Assistance at some point in the year 2007 was 340. The 1991 figure was 495. The total number of children ages 0 to 17 in Torbay who were in families on Income Support Assistance in 2007 was 115. The figure for 1991 was 190.
The average benefits for those people collecting Income Support Assistance in Torbay in 2007 were $6,200. The average benefits in 1991 were $2,900. Provincially the average benefits were $6,100 in 2007. The average duration or the average number of months people were collecting Income Support Assistance in Torbay in 2007 was 9.4. The average duration in 1992 was 7.0. The provincial average was 9.1 months of the year in 2007. 3.6% of the population received Income Support Assistance at some point during the year 2007. At the provincial level, 10.5% received Income Support Assistance at some point during the year 2007.
The number of individuals in Torbay who collected Employment Insurance at some point in the year 2007 was 915. The 1992 figure was 1,240. The average benefits for those individuals collecting Employment Insurance in Torbay in 2007 were $5,700 while the average benefits in 1992 was $6,200. In comparison, the provincial average benefits in 2007 were $7,400. 16.1% of the labour force in Torbay collected Employment Insurance in 2007. This was lower than the provincial rate of 33.7%.
A major indicator of well-being is how a person rates their own health status. In 2005, 68.0% of individuals in Economic Zone 19 (the zone to which Torbay belongs) rated their health status from very good to excellent. The provincial number in 2005 was 64.5%. In 2005, for Canada, 60.2% of individuals age 12 and over rated their health status as very good to excellent. The rate of smoking (current daily smokers) in Economic Zone 19 in 2005 was 17.5%. The provincial rate was 19.3%. The percentage of people who were obese (adult body mass index 30 or greater) in Economic Zone 19 in 2005 was 22.6%. The provincial rate was 24.5%. In 2005 the rate of smoking in Canada for those 12 years of age or older was 16.6%, and the percentage of people obese was 15.8%. The highest percentage (10.7%) of hospital admittances during the period 2000 to 2004 for Torbay was due to diseases of the digestive system. At the provincial level, diseases of the circulatory system accounted for the highest percentage at 14.3%.
Census 2006 reported 15.0% of people 18 to 64 years of age and older in Torbay do not have a high school diploma compared to 25.1% of people in the entire province. In Torbay about 21.5% of people aged 25 to 54 had a Bachelor's Degree or higher in 2006 compared to 15.1% in the province as a whole. In Torbay in 2006, 88.5% of people 25 to 34 years of age had at least a high school diploma. This compares to 85.4% in the entire province and 89.1% for Canada.