Living in New Canaan, Connecticut
Cost of living, income, home prices, rent and demographics of New Canaan · Census data 2020–2024
New Canaan has 20,870 residents with a median age of 42.1. The median household income is $250,001 (161% higher than the Connecticut median), the median home value is $1,611,900, the median rent is $3,401/month.
New Canaan at a glance
- Population
- 20,870
- Median age
- 42.1State: 41.1
- Median household income
- $250,001State: $95,781
- Median home value
- $1,611,900State: $366,900
- Median rent
- $3,401/moState: $1,488
- Homeowners
- 83.7%
- Bachelor's degree or higher
- 82.5%
- Average commute
- 38 min
Is New Canaan a good place to live?
Pros: Median household income 161% higher than the Connecticut median; unemployment of 5.2%; a poverty rate of 3.7%.
Cons: Home values 339% higher than the state median; an average commute of 38 minutes.
The weather is best in June to September.
Cost of living in New Canaan
Housing is the biggest part of the cost of living. In New Canaan the median home value is $1,611,900, 384% higher than the U.S. median. Renters pay a median of $3,401 per month, which is 32.1% of household income. Homeowners with a mortgage pay $4,001 a month in housing costs.
New Canaan median household income
The median household income in New Canaan is $250,001 and the income per person is $143,695. 3.7% of residents live below the poverty line (Connecticut: 10%).
Housing in New Canaan: homes for sale and rent
- Housing units
- 7,747
- Owner-occupied
- 83.7%
- Renter-occupied
- 16.3%
- Vacant
- 7.7%Includes seasonal homes
- Median year built
- 1967
- Average household size
- 2.91
New Canaan demographics
- Population
- 20,870
- Median age
- 42.1
- Under 18
- 26.6%
- 65 and older
- 15.5%
- Households
- 7,153
- Foreign-born
- 15.6%
- Veterans
- 3.4%Adults 18+
Hispanic or Latino can be of any race. Population history of New Canaan ›
Education in New Canaan
82.5% of adults 25 and older in New Canaan have a bachelor's degree or higher (Connecticut: 42.5%), and 39.6% have a graduate or professional degree.
Jobs and commute in New Canaan
- Unemployment rate
- 5.2%State: 5.6%
- Average commute
- 38 minState: 27 min
- Work from home
- 35.1%
- Drive alone
- 46.7%
- Public transit
- 12.6%
- Walk to work
- 2.4%
- Homes with broadband
- 97.7%
New Canaan vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| New Canaan | 20,870 | $250,001 | $1,611,900 | $3,401 |
| Scotts Corners | 719 | $250,001 | $1,048,900 | — |
| South Wilton | 1,444 | $208,500 | $842,300 | $3,313 |
| Wilton Center | 1,682 | $119,500 | $563,200 | $1,362 |
| Wilton | 18,777 | $242,199 | $928,800 | $1,819 |
| Cannondale | 758 | $250,001 | $2,000,001 | — |
| Noroton Heights | 2,782 | $250,001 | $1,225,400 | $2,018 |
| Darien Downtown | 1,242 | $166,085 | $915,400 | $2,728 |
| Stamford | 137,144 | $111,586 | $624,400 | $2,276 |
More for people moving to New Canaan
New Canaan ZIP code ›Weather and climate ›Living in New Canaan: FAQ
What is the median household income in New Canaan, CT?
The median household income in New Canaan is $250,001, 161% higher 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 New Canaan?
The median home value in New Canaan is $1,611,900, compared with $366,900 in Connecticut.
How much is rent in New Canaan?
The median gross rent in New Canaan is $3,401 per month, about 32.1% of household income.
Is New Canaan, CT a good place to live?
Pluses: median household income 161% higher than the Connecticut median; unemployment of 5.2%; a poverty rate of 3.7%. Minuses: home values 339% higher than the state median; an average commute of 38 minutes.
What is the median age in New Canaan?
The median age in New Canaan is 42.1 years (Connecticut: 41.1).
How long is the commute in New Canaan?
The average commute to work in New Canaan is 38 minutes; 35.1% of workers work from home.
What is the unemployment rate in New Canaan?
The unemployment rate in New Canaan is 5.2% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is New Canaan?
82.5% of adults in New 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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