Cost of Living in Canaan, CT
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
87.5
100 = national avg
-12.5 vs national average
Living Wage (1 Adult)
$38,511
per year
Living Wage (Family of 4)
$91,026
per year
Cost Index by Category
Housing127.7
Food74.4
Transportation48.9
Healthcare79.6
Utilities90.2
100 = national average. Higher = more expensive.
The overall cost of living index in Canaan is 87.5, which is 12.5% below the national average. Housing costs are above the national average at an index of 127.7. A single adult needs to earn approximately $38,511 per year to cover basic expenses.