Canaan cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexCanaanConnecticutNational
Cost of living index107120100
IndexCanaanConnecticutNational
Goods & Services index103120100
Groceries index111105100
Health care index105114100
Housing index114137100
Transportation index102112100
Utilities index103103100

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Did you know?

  • The cost of living in Canaan is 11% lower than the Connecticut average.
  • The cost of living in Canaan is 7% higher than the national average.
  • The cost of housing in Canaan is 14% higher than the national average.
  • Connecticut general sales tax is 25% higher than the national average.
  • Connecticut state income tax is 35% higher than the national average.

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Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$72,908$6,076$1,701$2,187
Renters$40,250$3,354$939$1,208

Connecticut Sales Tax

StateGeneral Sales TaxWith Max Surtax
Connecticut6.35%6.35%

Connecticut Income Tax

StateIncome Tax (Low)Income Tax (High)
Connecticut3%6.99%

Goods & Services

ItemCanaanNational avg.Difference
Haircut $12.85$16.0920.1%
Beauty Salon $34.18$37.338.4%
Toothpaste $2.47$2.450.8%
Shampoo $1.00$1.000.1%
Movie $10.13$10.281.5%
Bowling $4.40$4.9310.7%

Groceries

ItemCanaanNational avg.Difference
Ground Beef $3.69$3.802.9%
Fried Chicken $1.69$1.4020.7%
Milk $2.31$2.0115.2%
Potatoes $3.23$3.017.4%
Pizza $8.49$9.8914.1%
Beer $8.86$8.900.5%

Health Care

ItemCanaanNational avg.Difference
Optometrist $129.72$102.1627.0%
Doctor $113.26$108.364.5%
Dentist $99.38$92.537.4%
Ibuprofen $9.26$9.280.2%
Lipitor $419.08$425.821.6%

Housing

ItemCanaanNational avg.Difference
Home Price $197,600.00$184,700.007.0%
Avg. Mortgage Payment $1,659.22$1,202.4438.0%
Apartment Rent $1,246.00$949.0031.3%

Transportation

ItemCanaanNational avg.Difference
Gasoline $2.24$2.240.2%
Tire Balancing $49.90$46.297.8%

Utilities

ItemCanaanNational avg.Difference
All Electricity$146.93$165.9611.5%
Phone $34.84$28.6821.5%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Winsted, CT7,5351033%
Torrington, CT35,2271044%
Copake Falls, NY2081066%
Millerton, NY8301066%
Norfolk, CT49111010%
Canaan, CT1,1921077%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Worden, IL1,19288-12%
Sloan, IA1,19285-15%
Newark, TX1,19290-10%
Mustang Ridge, TX1,19291-9%
Hebron, MD1,19296-4%
Canaan, CT1,1921077%
Source: The Canaan, CT cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.