Housing costs in Canaan?
A typical home costs
$489,300, which is 44.7% more expensive than the national average of
$338,100 and 18.3% more expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in Canaan costs
$1,120 per month, which is 21.7% cheaper than the national average of
$1,430 and 75.0% cheaper than the state average of
$1,960.
Can I afford Canaan?
To live comfortably in Canaan, New York, a minimum annual income of
$93,600 for a family, and
$38,400 for a single person is recommended.
What does A.I. say about Canaan?
The cost of living in Canaan, NY is higher than the national average. The median home cost is around $164,000, which is much higher than the national median of $184,700. Rent for a one-bedroom apartment averages about $1,200 per month. Groceries and other necessities are also more expensive than the national average. However, utility costs are lower than the national average. Overall, while living in Canaan can be a bit pricier than other places in the country, it provides a unique experience with its charming small-town atmosphere and wide variety of activities for visitors and residents alike.