Living in Canaan, Maine
Cost of living, income, home prices, rent and demographics of Canaan · Census data 2020–2024
Canaan has 2,063 residents with a median age of 44.2. The median household income is $57,781 (23% lower than the Maine median), the median home value is $159,900, the median rent is $922/month.
Canaan at a glance
- Population
- 2,063
- Median age
- 44.2State: 44.8
- Median household income
- $57,781State: $74,733
- Median home value
- $159,900State: $296,600
- Median rent
- $922/moState: $1,139
- Homeowners
- 85.7%
- Bachelor's degree or higher
- 24.1%
- Average commute
- 34 min
Is Canaan a good place to live?
Pros: Home values 46% lower than the state median; unemployment of 3.5%.
Cons: Median household income 23% lower than the Maine median; an average commute of 34 minutes; a poverty rate of 12.9%.
The weather is best in June to September.
Cost of living in Canaan
Housing is the biggest part of the cost of living. In Canaan the median home value is $159,900, 52% lower than the U.S. median. Renters pay a median of $922 per month, which is 21.1% of household income. Homeowners with a mortgage pay $1,206 a month in housing costs.
Canaan median household income
The median household income in Canaan is $57,781 and the income per person is $29,477. 12.9% of residents live below the poverty line (Maine: 10.7%).
Housing in Canaan: homes for sale and rent
- Housing units
- 1,076
- Owner-occupied
- 85.7%
- Renter-occupied
- 14.3%
- Vacant
- 16.3%Includes seasonal homes
- Median year built
- 1991
- Average household size
- 2.29
Canaan demographics
- Population
- 2,063
- Median age
- 44.2
- Under 18
- 22.2%
- 65 and older
- 18.8%
- Households
- 901
- Foreign-born
- 3.5%
- Veterans
- 9.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Canaan ›
Education in Canaan
24.1% of adults 25 and older in Canaan have a bachelor's degree or higher (Maine: 36.2%), and 7.7% have a graduate or professional degree.
Jobs and commute in Canaan
- Unemployment rate
- 3.5%State: 3.8%
- Average commute
- 34 minState: 25 min
- Work from home
- 3.1%
- Drive alone
- 81.8%
- Public transit
- 0%
- Walk to work
- 0.5%
- Homes with broadband
- 76.9%
Canaan vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Canaan | 2,063 | $57,781 | $159,900 | $922 |
| Pittsfield | 3,930 | $57,381 | $164,100 | $825 |
| Skowhegan | 8,653 | $49,485 | $164,400 | $875 |
| Hartland | 1,602 | $46,141 | $139,200 | $911 |
| Clinton | 3,385 | $71,458 | $187,000 | $1,177 |
| Cornville | 1,419 | $79,926 | $167,400 | $1,366 |
| Palmyra | 2,209 | $60,543 | $154,900 | $733 |
| Fairfield | 6,519 | $64,101 | $164,300 | $1,001 |
| Burnham | 953 | $59,261 | $178,100 | $1,308 |
More for people moving to Canaan
Canaan ZIP code ›Weather and climate ›Living in Canaan: FAQ
What is the median household income in Canaan, ME?
The median household income in Canaan is $57,781, 23% lower than the Maine median of $74,733 (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 $159,900, compared with $296,600 in Maine.
How much is rent in Canaan?
The median gross rent in Canaan is $922 per month, about 21.1% of household income.
Is Canaan, ME a good place to live?
Pluses: home values 46% lower than the state median; unemployment of 3.5%. Minuses: median household income 23% lower than the Maine median; an average commute of 34 minutes; a poverty rate of 12.9%.
What is the median age in Canaan?
The median age in Canaan is 44.2 years (Maine: 44.8).
How long is the commute in Canaan?
The average commute to work in Canaan is 34 minutes; 3.1% of workers work from home.
What is the unemployment rate in Canaan?
The unemployment rate in Canaan is 3.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Canaan?
24.1% 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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