The Town of Trout River was incorporated in 1966. Trout River's first settler was George Crocker and until 1880, this family was its only inhabitants. The first census was taken in 1857, and the population was 13. By 1891, the population was 163 due to the growth of the lobster fishery.

Until the late 1950's when a rough road was constructed to allow access to the community, via Woody Point to Bonne Bay. The community remained very isolated. It wasn't until 1973 when Gros Morne National Park was established that the road system improved to its current modern standards.

Many of the town's residents now work at Gros Morne National Park or are involved in the tourist industry. But the town continues to preserve its traditional fishing heritage while at the same time developing the local tourism industry. Trout River has built three great attractions on its waterfront boardwalk. They are; the Fisherman's Museum, the Jacob A. Crocker House and the Fisheries Interpretation Centre. The Fisherman's Museum displays the local fishing heritage. The museum contains many artifacts such as lobster traps, cod traps, splitting tables, ropes, and hooks which tell the story of the fishing industry in Trout River. A monument to local fishermen lost at sea is also on display. This monument serves as a reminder of the enormous risks associated with the fishing industry. The Jacob A. Crocker House, a saltbox structure represents the type of architecture originally from England and made popular in Newfoundland from the 1860's to the early 1900's. Crocker House was built in 1898 and was the first saltbox house in Trout River. The first owner was Jacob Arthur Crocker, the grandson of the first settler, George Crocker. A walk through the premises will take a visitor back in time to experience life in a typical fisherman's home. Finally, the Fishing Interpretation Centre displays artifacts and photos of the local fishing industry and those who make their living from the sea. The centre was also designed to host informal concerts and events. This building has become popular through the volunteers who demonstrate traditional skills such as crocheting, knitting and mat hooking. Visitors especially enjoy Ms. Edna Sheppard spinning wool on her antique spinning wheel.

Community and business services in Trout River include a K-12 school, Jakeman All Grade, a local site for the Tree House Family Resource Centre, retail stores, gas station, various churches and restaurants for residents and visitors. A number of fishing enterprises work out of Trout River and their fishing stores/sheds are located along the town's shoreline/waterfront. In addition, various recreational services are available. Library, public internet access, health care, regional recreational services – hockey arena and swimming, police services and further business services can be found in near by towns in the Bonne Bay region, i.e. Woody Point, Norris Point and Rocky Harbour.

The Town of Trout River is also situated within the national park, which provides campgrounds and park facilities for the region. There are many trails including the Look Out Trails to the Old Man and the Lighthouse. Also, coming through the scenic Trout River Gulch is a hiking trail to Wallace's Brook and the very popular Green Gardens. Visit Trout River today and see a working fishing community and the natural beauty of one of Canada's premiere national parks.