Housing costs in East Canaan?
A typical home costs
$269,000, which is 20.4% less expensive than the national average of
$338,100 and 25.7% less expensive than the average Connecticut home, at
$362,100. Renting a two-bedroom unit in East Canaan costs
$1,380 per month, which is 3.5% cheaper than the national average of
$1,430 and 20.3% cheaper than the state average of
$1,660.
Can I afford East Canaan?
To live comfortably in East Canaan (zip 06024), Connecticut, a minimum annual income of
$51,480 for a family, and
$42,400 for a single person is recommended.
What does A.I. say about East Canaan?
The cost of living in 06024 East Canaan, CT is relatively high compared to the national average. According to Best Places, the cost of living index in East Canaan is 123.7, which is significantly higher than the national average of 100. The main contributors to this higher cost of living are housing prices, which are reportedly 46% higher than the national average. Groceries and utilities also tend to be more expensive in East Canaan, with averages that are 15% and 17% higher respectively. In general, it is more costly to live in East Canaan than elsewhere.