Living in Canaan, Connecticut
Cost of living, income, home prices, rent and demographics of Canaan · Census data 2020–2024
Canaan has 1,175 residents with a median age of 54.2. The median household income is $89,632 (6% lower than the Connecticut median), the median home value is $469,400, the median rent is $1,830/month.
Canaan is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Canaan at a glance
- Population
- 1,175
- Median age
- 54.2State: 41.1
- Median household income
- $89,632State: $95,781
- Median home value
- $469,400State: $366,900
- Median rent
- $1,830/moState: $1,488
- Homeowners
- 83.8%
- Bachelor's degree or higher
- 49.8%
- Average commute
- 17 min
Is Canaan a good place to live?
Pros: An average commute of 17 minutes; unemployment of 2.1%.
Cons: Median household income 6% lower than the Connecticut median; home values 28% higher than the state median; a poverty rate of 16%.
The weather is best in May–June and August–September.
Cost of living in Canaan
Housing is the biggest part of the cost of living. In Canaan the median home value is $469,400, 41% higher than the U.S. median. Renters pay a median of $1,830 per month, which is 42.1% of household income. Homeowners with a mortgage pay $2,640 a month in housing costs.
Canaan median household income
The median household income in Canaan is $89,632 and the income per person is $54,648. 16% of residents live below the poverty line (Connecticut: 10%).
Housing in Canaan: homes for sale and rent
- Housing units
- 670
- Owner-occupied
- 83.8%
- Renter-occupied
- 16.2%
- Vacant
- 25.5%Includes seasonal homes
- Median year built
- 1944
- Average household size
- 2.35
Canaan demographics
- Population
- 1,175
- Median age
- 54.2
- Under 18
- 14.6%
- 65 and older
- 27.5%
- Households
- 499
- Foreign-born
- 5.3%
- Veterans
- 5.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Canaan ›
Education in Canaan
49.8% of adults 25 and older in Canaan have a bachelor's degree or higher (Connecticut: 42.5%), and 22% have a graduate or professional degree.
Jobs and commute in Canaan
- Unemployment rate
- 2.1%State: 5.6%
- Average commute
- 17 minState: 27 min
- Work from home
- 29.2%
- Drive alone
- 60.8%
- Public transit
- 1.1%
- Walk to work
- 4%
- Homes with broadband
- 94.8%
Canaan vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Canaan | 1,175 | $89,632 | $469,400 | $1,830 |
| Falls Village | 410 | $53,750 | $445,700 | $2,074 |
| North Canaan | 3,221 | $71,976 | $267,300 | $1,146 |
| Salisbury | 4,224 | $124,256 | $763,700 | $1,846 |
| Norfolk | 1,723 | $91,548 | $430,900 | $1,190 |
| Lakeville | 510 | $163,375 | $868,200 | — |
| Cornwall | 1,425 | $128,864 | $554,600 | $1,047 |
| Goshen | 3,196 | $152,093 | $482,400 | $1,250 |
| New Marlborough | 1,501 | $117,188 | $608,300 | $2,750 |
More for people moving to Canaan
Canaan ZIP code ›Weather and climate ›Living in Canaan: FAQ
What is the median household income in Canaan, CT?
The median household income in Canaan is $89,632, 6% lower than the Connecticut median of $95,781 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Canaan?
The median home value in Canaan is $469,400, compared with $366,900 in Connecticut.
How much is rent in Canaan?
The median gross rent in Canaan is $1,830 per month, about 42.1% of household income.
Is Canaan, CT a good place to live?
Pluses: an average commute of 17 minutes; unemployment of 2.1%. Minuses: median household income 6% lower than the Connecticut median; home values 28% higher than the state median; a poverty rate of 16%.
What is the median age in Canaan?
The median age in Canaan is 54.2 years (Connecticut: 41.1).
How long is the commute in Canaan?
The average commute to work in Canaan is 17 minutes; 29.2% of workers work from home.
What is the unemployment rate in Canaan?
The unemployment rate in Canaan is 2.1% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Canaan?
49.8% of adults in Canaan have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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