Cost of Living in Canaan, CT

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A
4%
Overall NAT. AVG.
5%
Groceries NAT. AVG.
3%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Canaan Connecticut National
Cost of living104118100
Groceries105106100
Health care107111100
Housing97139100
Transportation106107100
Utilities107108100
Lifestyle & Entertainment107110100
Household Items105106100
Education & Childcare115116100
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Homes For Sale In Canaan, CT

property for sale

315 Salisbury Rd

Canaan, CT
property for sale

76 S Canaan Rd

Canaan, CT
property for sale

35 Emmons Ln

Canaan, CT
property for sale

0 N Elm St

Canaan, CT

Cost Of Living Quick Facts

  • The cost of living in Canaan is 11% lower than the Connecticut average
  • The cost of living in Canaan is 4% higher than the national average
  • Canaan housing is 3% lower than the national average
  • Connecticut general sales tax is 24% higher than the national average
  • Connecticut state income tax is 16% higher than the national average

Most Affordable Places to Live in and Around Canaan

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      Housing index
      Transportation index
      Utilities index
      Lifestyle index
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      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$118,446$9,871$2,764$3,554
      Renters$37,161$3,097$867$1,115

      Connecticut Sales Tax

      State General Sales Tax With Max Surtax
      Connecticut 6.35% 6.35%

      Connecticut Income Tax

      State Income Tax (Low) Income Tax (High)
      Connecticut 3% 6.99%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Copake Falls, NY18911212.4%
      Sharon, CT6551077.2%
      Torrington, CT35,5431022.3%
      Winsted, CT6,7611032.9%
      Taconic Shores, NY88011312.8%
      Canaan, CT1,2751044.1%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      March ARB, CA1,27513232.1%
      Kaaawa, HI1,27519191.4%
      New London, MN1,275972.8%
      Country Club Hills, MO1,2758218.0%
      Belhaven, NC1,2758614.4%
      Canaan, CT1,2751044.1%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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