Cost Of Living in Canaan, VT

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A

2%

Overall NAT. AVG.

8%

Goods & Services NAT. AVG.

28%

Housing NAT. AVG.

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Canaan	Vermont	National
Cost of living	98	110	100
Goods & Services	108	108	100
Groceries	105	105	100
Health care	106	106	100
Housing	72	112	100
Transportation	107	107	100
Utilities	121	121	100

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Cost Of Living Quick Facts

The cost of living in Canaan is 11% lower than the Vermont average
The cost of living in Canaan is 2% lower than the national average
Canaan housing is 28% lower than the national average
Vermont general sales tax is 18% higher than the national average
Vermont state income tax is 29% higher than the national average

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$50,489	$4,207	$1,178	$1,515
Renters	$32,778	$2,732	$765	$983

Vermont Sales Tax

State	General Sales Tax	With Max Surtax
Vermont	6%	7%

Vermont Income Tax

State	Income Tax (Low)	Income Tax (High)
Vermont	3.35%	8.75%

Goods & Services

Item	Canaan	National avg.	Difference
Haircut	$26.98	$24.26	11.2%
Beauty Salon	$46.44	$45.56	1.9%
Toothpaste	$3.73	$3.70	0.8%
Shampoo	$1.23	$1.28	3.9%
Movie	$11.94	$12.13	1.6%
Bowling	$15.67	$18.00	13.0%

Groceries

Item	Canaan	National avg.	Difference
Ground Beef	$5.76	$5.84	1.4%
Fried Chicken	$1.72	$1.57	9.6%
Milk	$4.82	$4.67	3.1%
Potatoes	$4.97	$4.93	0.7%
Pizza	$12.05	$12.09	0.3%
Beer	$10.01	$10.41	3.9%

Health Care

Item	Canaan	National avg.	Difference
Optometrist	$141.67	$125.68	12.7%
Doctor	$152.78	$135.78	12.5%
Dentist	$130.83	$113.29	15.5%
Ibuprofen	$10.78	$10.65	1.2%
Lipitor	$371.02	$468.60	20.8%

Housing

Item	Canaan	National avg.	Difference
Home Price	$104,800.00	$184,700.00	43.3%
Avg. Mortgage Payment	$3,072.44	$2,346.69	30.9%
Apartment Rent	$1,013.00	$949.00	6.7%

Transportation

Item	Canaan	National avg.	Difference
Gasoline	$3.59	$3.46	3.8%
Tire Balancing	$68.60	$59.92	14.5%

Utilities

Item	Canaan	National avg.	Difference
All Electricity	$262.67	$193.99	35.4%
Phone	$186.03	$192.25	3.2%

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	Population	Cost of Living Index	National Avg.
West Stewartstown, NH	325	88	11.7%
Colebrook, NH	1,037	93	6.8%
Beecher Falls, VT	174	95	5.0%
Canaan, VT	341	98	2.4%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Midland, AR	341	83	16.7%
Shirley, AR	341	76	24.5%
Edmundson Acres, CA	341	110	10.5%
Mad River, CA	341	123	23.1%
Richfield, CA	341	107	7.4%
Canaan, VT	341	98	2.4%