Cost of Living in New Canaan, CT
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
277.1
100 = national avg
+177.1 vs national average
Living Wage (1 Adult)
$121,938
per year
Living Wage (Family of 4)
$288,216
per year
Cost Index by Category
Housing400.0
Food174.9
Transportation249.7
Healthcare159.9
Utilities200.0
100 = national average. Higher = more expensive.
The overall cost of living index in New Canaan is 277.1, which is 177.1% above the national average. Housing costs are above the national average at an index of 400.0. A single adult needs to earn approximately $121,938 per year to cover basic expenses.