Canaan, NH is a charming town located in Grafton County with plenty of opportunities for employment and recreation. The cost of living in Canaan is quite reasonable when compared to the US as a whole. The average rent for a two bedroom apartment is $1,360 compared to $1,430 nationally. Prices at the grocery store are also lower in Canaan with an index of 107 versus 100 in the US. \nLocal businesses include Cameron's Stationary Store, Miller's Home Improvement Center, and Ernie's Hardware Store. Whether you are looking for clothing, furniture, tools, or other home items, you are sure to find what you need at one of these businesses. There is something for everyone in Canaan and the cost of living makes it even more attractive as a place to live.
Canaan has an unemployment rate of 2.8%. The US average is 6.0%.
Canaan has seen the job market increase by 1.5% over the last year. Future job growth over the next ten years is predicted to be 31.3%, which is lower than the US average of 33.5%.
Tax Rates for Canaan
- The Sales Tax Rate for Canaan is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Canaan is 0.0%. 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 $27,367 a year. The US average is $28,555 a year.
- The Median household income of a Canaan resident is $76,821 a year. The US average is $69,021 a year.