Canaan (zip 06018), Connecticut gets a BestPlaces Cost of Living index of 105.9, which means the total cost of housing, food, child care, transportation, health care, taxes, and other necessities is 5.9 percent higher than the U.S. average and 5.3 percent higher than the average for Connecticut.
A typical home costs $278,500, which is 17.6 percent less expensive than the national average of $338,100 and 23.1 percent 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 percent cheaper than the national average of $1,430 and 22.1 percent cheaper than the state average of $1,660.
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.
Our cost of living indices are based on a US average of 100. An amount below 100 means Canaan (zip 06018) is cheaper than the US average. A cost of living index above 100 means Canaan (zip 06018), Connecticut is more expensive.
Canaan (zip 06018) cost of living is 105.9