The 2016 Census reported the total population of Chesterfield Inlet to be 437, of which approximately 42.1% were female and 57.9% male.
Chesterfield Inlet’s population grew 2.4% between 1996 and 2001, but declined 3.8% between 2001 and 2006. Rates of growth are lower than the territorial average of 10.2%. The estimated population of Chesterfield Inlet in 2020 is 583.
Chesterfield Inlet experiences higher participation rates and identical unemployment rates as those for the territory as a whole. In the 2006 Census it was reported Chesterfield Inlet had a participation rate of 74.4% and an unemployment rate of 15.6%, while the territory had participation rate of 65.3% and an unemployment rate of 15.6%.
Residents participate in a variety of occupations, but are predominantly employed in sales and services; social science, education, government service and religious occupations; and trades, transport and equipment operators and related occupations.
With respect to educational achievement, the 2006 Census reported that among the population age 15 and over, 59.5% had no certificate, diploma or degree (including high school), while 9.5% reported the highest level of educational achievement to be high school certificate or equivalent.
4.8% of the population reported a trades or apprenticeship-related certification or diploma as their highest level of educational achievement. With respect to other post-secondary education outcomes, 19% of residents reported a non-university diploma or certificate and 4.8% reported a university certificate, diploma or degree.