Housing costs in North Canaan?
A typical home costs
$266,600, which is 21.1% less expensive than the national average of
$338,100 and 26.4% less expensive than the average Connecticut home, at
$362,100. Renting a two-bedroom unit in North Canaan costs
$1,390 per month, which is 2.8% cheaper than the national average of
$1,430 and 19.4% cheaper than the state average of
$1,660.
Can I afford North Canaan?
To live comfortably in North Canaan, Connecticut, a minimum annual income of
$51,120 for a family, and
$42,800 for a single person is recommended.
What does A.I. say about North Canaan?
The cost of living in North Canaan, CT is relatively affordable compared to other parts of the state. The median home value is $227,700 which is considerably lower than the Connecticut average of $274,000. The overall cost of living index for North Canaan is 95, which is slightly below the national average of 100. Property taxes are also fairly low at an estimated 1.48% assessed value. Despite being a small town with a population of 1,874 residents, there are still plenty of amenities and services available that make life comfortable for the people who live here. Grocery stores, hardware stores, restaurants, and other retailers are all within easy reach. All these factors combine to make North Canaan an attractive destination for those looking to settle in Connecticut without breaking the bank.