Housing costs in New Canaan?
A typical home costs
$1,588,500, which is 369.8% more expensive than the national average of
$338,100 and 338.7% more expensive than the average Connecticut home, at
$362,100. Renting a two-bedroom unit in New Canaan costs
$3,140 per month, which is 119.6% more than the national average of
$1,430 and 47.1% more than the state average of
$1,660.
Can I afford New Canaan?
To live comfortably in New Canaan (zip 06840), Connecticut, a minimum annual income of
$304,200 for a family, and
$102,400 for a single person is recommended.
What does A.I. say about New Canaan?
The cost of living in 06840 New Canaan, CT is quite high. According to BestPlaces’s Cost of Living Index, the cost of living index in 06840 is 137.9, which is more than 27 percent higher than the national average. Housing prices are especially expensive, with a median listing price for homes of $1,750,000 and an average rental price for apartments of $2,850 per month. Groceries and utilities are also costly compared to the rest of the country. Overall, while 06840 offers its residents a high quality of life, it also comes with a hefty price tag.