2025 Compare Cities Economy:
New Canaan, CT vs Montvale, NJ

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Highlights
- Household income in Montvale, is 24% less than it is in New Canaan and is 58% above the National Average.
- New Canaan unemployment rate is 5.7%.
- Montvale unemployment rate is 7.4%.
 New Canaan, CTMontvale, NJUnited States
 Unemployment Rate  Unlock7.4%6.0%
 Recent Job Growth  Unlock-0.5%1.6%
 Future Job Growth27.7%  Unlock33.5%
 Sales Taxes6.4%  Unlock6.2%
 Income Taxes  Unlock5.5%4.6%
 Income per Cap.$119,935  Unlock$37,638
 Household Income  Unlock$163,170$69,021
 Family Median Income$250,001  Unlock$85,028
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 Est. Households By Income
 New Canaan, CTMontvale, NJUnited States
 Income Less Than 15K  Unlock4.3%9.4%
 Income between 15K and 20K0.3%  Unlock3.8%
 Income between 20K and 30K  Unlock1.6%8.1%
 Income between 30K and 40K3.7%  Unlock8.0%
 Income between 40K and 50K  Unlock2.2%7.6%
 Income between 50K and 60K5.9%  Unlock7.2%
 Income between 60K and 75K  Unlock4.1%9.6%
 Income between 75K and 100K4.2%  Unlock12.8%
 Income between 100K and 150K  Unlock18.8%16.3%
 Income between 150K and 200K10.6%  Unlock7.8%
 Income greater than 200K  Unlock30.0%9.5%
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 Population By Occupation
 New Canaan, CTMontvale, NJUnited States
 Management, business, finance41.8%  Unlock16.4%
 Engineering, computers, science  Unlock5.6%6.5%
 Community, social services1.0%  Unlock1.8%
 Legal  Unlock2.7%1.2%
 Education, library7.3%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock1.8%2.0%
 Healthcare practitioners and technology3.5%  Unlock6.2%
 Healthcare support  Unlock0.4%3.3%
 Firefighters, law enforcement0.2%  Unlock2.1%
 Food preparation, serving  Unlock3.6%5.4%
 Building maintenance1.5%  Unlock3.6%
 Personal care  Unlock2.4%2.6%
 Sales, office, administrative support20.5%  Unlock20.9%
 Farming, fishing, forestry  Unlock0.0%0.6%
 Construction, extraction, maintenance/repair0.9%  Unlock8.1%
 Production, transportation, material moving  Unlock3.1%13.1%
Reviews for New Canaan    3 Reviews

Over 15 years ago

Beautiful town with wonderful people. Great place to raise children, however, it is extremely costly to live  More

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Over 16 years ago

Agreed, cost of living is too high, too many wall streeters (which have a bad rep nowadays), and diversity is almost non-existant, public schools are average/good but  More

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Outside of the other categories, which run very well here; schools are good and competitive, climate is relatively mild, crime is very low, diversity is strong, culture  More

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Reviews for Montvale    2 Reviews

Terrific location in northern NJ provides access to all kinds of entertainment, culture, experiences, etc. Great schools. Only problem is the cost of living in  More

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Over 17 years ago

As is the case in most of the New York City metropolitan area, the cost of living is so high as to be absurd. The high costs of housing, utilities, entertainment, and  More

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