Canaan, CT Cost of Living


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How much do I need to live in Canaan, Connecticut?
$6,510 / month
for a family, 20.6% more expensive than the national average A total of $78,120 for the year for a family.
$3,500 / month
for a single person, 26.6% less expensive than the national average A total of $42,000 for the year for a single person.

Canaan cost of living score
105.9
More expensive
5.9% higher
than the US average
5.3% lower
than the Connecticut average
Canaan, Connecticut gets a BestPlaces Cost of Living score of 105.9, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 5.9% higher than the U.S. average and 5.3% higher than the average for Connecticut.

Canaan, CT

Housing costs in Canaan?
A typical home costs $407,200, which is 20.4% more expensive than the national average of $338,100 and 12.5% more expensive than the average Connecticut home, at $362,100. Renting a two-bedroom unit in Canaan costs $1,360 per month, which is 4.9% cheaper than the national average of $1,430 and 22.1% cheaper than the state average of $1,660.

Can I afford Canaan?
To live comfortably in Canaan, Connecticut, a minimum annual income of $78,120 for a family, and $42,000 for a single person is recommended.

What does A.I. say about Canaan?
The cost of living in Canaan, CT is slightly higher than the national average. According to BestPlaces, the cost of living index in Canaan is around 107.6, which is 7.6% higher than the national average. Although it may be a bit more expensive to live here compared to some other places, there are plenty of amenities that make up for it. Housing in particular can be expensive due to its popularity with tourists and outdoor enthusiasts looking for a beautiful place to call home. Groceries, transportation and healthcare costs remain close to the national average making it easier on residents' wallets.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesCanaanConnecticutUnited States
    Unlock111.8100.0
  107.1  Unlock100.0
    Unlock118.6100.0
  93.9  Unlock100.0
    Unlock$362,100$338,100
  116.4  Unlock100.0
    Unlock112.4100.0
  128.3  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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