Housing costs in Canaan?
A typical home costs
$278,500, which is 17.6% less expensive than the national average of
$338,100 and 23.1% less 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 (zip 06018), Connecticut, a minimum annual income of
$53,280 for a family, and
$42,000 for a single person is recommended.
What does A.I. say about Canaan?
The cost of living in 06018 Canaan, CT is relatively expensive. The median home value in this area is over $200,000, and the average rent for a one bedroom apartment is around $1000 per month. Other costs such as groceries, utilities, and transportation can be slightly higher than the national average. Despite the high costs of living in this area, many people find that it is worth it due to the quality of life provided by being close to nature and other amenities.