Canaan, PA is a small town located in Columbia County with a population of around 400 people. The cost of living is relatively low compared to the rest of the country, with a 2 Bedroom Rent at $1,090 compared to the US average of $1,430. Additionally, the Grocery Cost Index in Canaan is 102 versus 100 in the US. Local businesses include Canaan Farms, J&T Hardwood Flooring and Canyon Creek Fence. These companies offer goods and services that range from farm produce to woodworking crafts to fencing solutions.
Canaan has an unemployment rate of 8.3%. The US average is 6.0%.
Canaan has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 29.7%, which is lower than the US average of 33.5%.
Tax Rates for Canaan
- The Sales Tax Rate for Canaan is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Canaan is 3.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Canaan
- The average income of a Canaan resident is $8,236 a year. The US average is $28,555 a year.
- The Median household income of a Canaan resident is $63,875 a year. The US average is $69,021 a year.