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New Canaan, CT

Complete financial data dashboard — cost of living, mortgage calculator, salary comparisons, and tax details.Source: U.S. Census Bureau ACS 2023 · FRED

Cost Index
247
Very Expensive
Median Home Value
$1,115,600
National: $426,735
Median Rent
$3,501/mo
National: $1,527/mo
Household Income
$163,355
National: $84,532
Population
7,032
Purchasing Power
78
100 = national baseline

Cost of Living Breakdown

Housing Cost Index
261 / 100
100 = national average
Rent Index
229 / 100
Overall Index
247
Very Expensive

New Canaan Mortgage Calculator

Pre-filled with the local median home value of $1,115,600 and Connecticut's property tax rate of 2.15%.

Salary & Purchasing Power

Median household income is $163,355 93% above the national average.

What $163,355 in New Canaan Gets You Elsewhere

CityEquivalent SalaryDifference
San Francisco, CA$167,323+2%
New York, NY$99,865-39%
Los Angeles, CA$112,431-31%

Property Tax in New Canaan, CT

Est. Annual Property Tax
$23,985
Monthly Impact
$1,999
Added to your mortgage
Effective Rate
2.15%
National avg: ~1.00%

Connecticut Tax Overview

Tax TypeConnecticutNational Avg
Property Tax Rate2.15%1.00%
Top Income Tax Rate6.99%~5.0%
State Sales Tax6.35%~5.0%

Compare New Canaan to Another City

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Cost of Living Comparison

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New Canaan, CT
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Cost Index Comparison (100 = National Avg)

Housing CostsNational Avg: 100
New Canaan, CT: 261
Rent Prices
229
LC
Reviewed by LivabilityCalc Research Team
Financial Data Analysts · Census & Economic Data Specialists
📊 Data Sources & Methodology
  • Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 2023 1-Year Estimates
  • Mortgage Rates: Freddie Mac Primary Mortgage Market Survey via Federal Reserve Economic Data (FRED)
  • Tax Rates: Tax Foundation State & Local Tax Data, 2024
  • Cost of Living Index: Calculated using Census housing + rental data vs. national median (see methodology)
Last data update: March 2026 · Mortgage rates updated weekly · Page auto-refreshes every 24 hours via ISR