Cost Of Living in Canaan, CT

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	Connecticut	National
Cost of living	103	118	100
Goods & Services	108	109	100
Groceries	101	102	100
Health care	103	109	100
Housing	94	137	100
Transportation	96	100	100
Utilities	127	130	100

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Cost Of Living Quick Facts

The cost of living in Canaan is 12% lower than the Connecticut average
The cost of living in Canaan is 3% higher than the national average
Canaan housing is 6% 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

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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	$79,766	$6,647	$1,861	$2,393
Renters	$25,190	$2,099	$588	$756

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%

Goods & Services

Item	Canaan	National avg.	Difference
Haircut	$33.78	$24.26	39.2%
Beauty Salon	$58.55	$45.56	28.5%
Toothpaste	$3.65	$3.70	1.5%
Shampoo	$1.42	$1.28	10.9%
Movie	$12.85	$12.13	5.9%
Bowling	$18.33	$18.00	1.9%

Groceries

Item	Canaan	National avg.	Difference
Ground Beef	$6.23	$5.84	6.7%
Fried Chicken	$1.46	$1.57	7.4%
Milk	$4.73	$4.67	1.2%
Potatoes	$4.96	$4.93	0.6%
Pizza	$10.79	$12.09	10.7%
Beer	$10.49	$10.41	0.8%

Health Care

Item	Canaan	National avg.	Difference
Optometrist	$166.22	$125.68	32.3%
Doctor	$182.50	$135.78	34.4%
Dentist	$127.00	$113.29	12.1%
Ibuprofen	$10.89	$10.65	2.2%
Lipitor	$384.88	$468.60	17.9%

Housing

Item	Canaan	National avg.	Difference
Home Price	$183,800.00	$184,700.00	0.5%
Avg. Mortgage Payment	$2,110.08	$2,346.69	10.1%
Apartment Rent	$779.00	$949.00	17.9%

Transportation

Item	Canaan	National avg.	Difference
Gasoline	$3.34	$3.46	3.4%
Tire Balancing	$71.63	$59.92	19.5%

Utilities

Item	Canaan	National avg.	Difference
All Electricity	$302.09	$193.99	55.7%
Phone	$185.16	$192.25	3.7%

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.
Copake Falls, NY	181	103	2.8%
Sharon, CT	635	107	7.1%
Torrington, CT	34,259	102	1.5%
Winsted, CT	6,504	103	2.8%
Taconic Shores, NY	854	106	5.9%
Canaan, CT	1,230	103	3.3%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Hotchkiss, CO	1,230	94	6.3%
Milford, IL	1,230	79	20.8%
Culver, IN	1,230	89	10.5%
Dover Beaches South, NJ	1,230	153	53.4%
Bellerose, NY	1,230	191	90.6%
Canaan, CT	1,230	103	3.3%

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

Cost of Living in Canaan, CT