Living in Canaan, New Hampshire
Cost of living, income, home prices, rent and demographics of Canaan · Census data 2020–2024
Canaan has 3,811 residents with a median age of 44.4. The median household income is $81,583 (18% lower than the New Hampshire median), the median home value is $254,000, the median rent is $1,140/month.
Canaan at a glance
- Population
- 3,811
- Median age
- 44.4State: 43.3
- Median household income
- $81,583State: $99,031
- Median home value
- $254,000State: $402,500
- Median rent
- $1,140/moState: $1,491
- Homeowners
- 77.3%
- Bachelor's degree or higher
- 28.2%
- Average commute
- 30 min
Is Canaan a good place to live?
Pros: Home values 37% lower than the state median.
Cons: Median household income 18% lower than the New Hampshire median; an average commute of 30 minutes; unemployment of 9.6%; a poverty rate of 13.6%.
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 $254,000, 24% lower than the U.S. median. Renters pay a median of $1,140 per month, which is 49.2% of household income. Homeowners with a mortgage pay $1,916 a month in housing costs.
Canaan median household income
The median household income in Canaan is $81,583 and the income per person is $41,503. 13.6% of residents live below the poverty line (New Hampshire: 7.2%).
Housing in Canaan: homes for sale and rent
- Housing units
- 2,021
- Owner-occupied
- 77.3%
- Renter-occupied
- 22.7%
- Vacant
- 20.3%Includes seasonal homes
- Median year built
- 1975
- Average household size
- 2.27
Canaan demographics
- Population
- 3,811
- Median age
- 44.4
- Under 18
- 14.7%
- 65 and older
- 19.1%
- Households
- 1,610
- Foreign-born
- 1.7%
- Veterans
- 4.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Canaan ›
Education in Canaan
28.2% of adults 25 and older in Canaan have a bachelor's degree or higher (New Hampshire: 40.6%), and 11.2% have a graduate or professional degree.
Jobs and commute in Canaan
- Unemployment rate
- 9.6%State: 3.3%
- Average commute
- 30 minState: 27 min
- Work from home
- 14.9%
- Drive alone
- 75.8%
- Public transit
- 0.4%
- Walk to work
- 2.5%
- Homes with broadband
- 90.4%
Canaan vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Canaan | 3,811 | $81,583 | $254,000 | $1,140 |
| Orange | 320 | $118,750 | $302,600 | — |
| Enfield | 4,475 | $95,474 | $390,800 | $1,181 |
| Hanover | 11,685 | $169,583 | $824,900 | $2,253 |
| Grafton | 1,354 | $81,563 | $267,300 | $1,243 |
| Lyme | 1,710 | $133,906 | $645,000 | $1,418 |
| Groton | 507 | $85,625 | $269,000 | $2,667 |
| Alexandria | 1,983 | $89,194 | $323,300 | $1,135 |
| Lebanon | 14,999 | $98,147 | $385,400 | $1,744 |
More for people moving to Canaan
Canaan ZIP code ›Weather and climate ›Living in Canaan: FAQ
What is the median household income in Canaan, NH?
The median household income in Canaan is $81,583, 18% lower than the New Hampshire median of $99,031 (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 $254,000, compared with $402,500 in New Hampshire.
How much is rent in Canaan?
The median gross rent in Canaan is $1,140 per month, about 49.2% of household income.
Is Canaan, NH a good place to live?
Pluses: home values 37% lower than the state median. Minuses: median household income 18% lower than the New Hampshire median; an average commute of 30 minutes; unemployment of 9.6%; a poverty rate of 13.6%.
What is the median age in Canaan?
The median age in Canaan is 44.4 years (New Hampshire: 43.3).
How long is the commute in Canaan?
The average commute to work in Canaan is 30 minutes; 14.9% of workers work from home.
What is the unemployment rate in Canaan?
The unemployment rate in Canaan is 9.6% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Canaan?
28.2% 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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