Housing costs in Canaan?
A typical home costs
$425,800, which is 25.9% more expensive than the national average of
$338,100 and 2.9% more expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in Canaan costs
$1,100 per month, which is 23.1% cheaper than the national average of
$1,430 and 78.2% cheaper than the state average of
$1,960.
Can I afford Canaan?
To live comfortably in Canaan (zip 12029), New York, a minimum annual income of
$81,720 for a family, and
$37,600 for a single person is recommended.
What does A.I. say about Canaan?
The cost of living in 12029 Canaan, NY is relatively affordable compared to other areas of the country. The median home price is $160,000, making it a great option for those looking for an affordable place to call home. In addition, the median household income is $44,071, indicating that the area boasts a reasonable standard of living. Sales tax is slightly above average at 8%, and unemployment rates are also lower than average at 4.3%. All in all, 12029 Canaan is a great place to live for those looking for an affordable alternative with good access to amenities and services.