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New Canaan, CT Economy


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New Canaan, CT is a wonderful city to live in. It has recently been named one of the best places to live in the US by Money Magazine and offers a variety of activities and attractions to explore. With 2 bedroom rent being significantly higher than the US average at $3,130 and grocery cost index well above that of the national 100 at 117, it may be more costly to live here than in other areas. But with numerous local companies such as New Canaan Power & Light Co. and popular attractions like Waveny Park, it makes New Canaan an ideal place to call home.

New Canaan has an unemployment rate of 5.7%. The US average is 6.0%.

New Canaan has seen the job market decrease by -7.5% over the last year. Future job growth over the next ten years is predicted to be 27.7%, which is lower than the US average of 33.5%.

Tax Rates for New Canaan
- The Sales Tax Rate for New Canaan is 6.4%. The US average is 7.3%.
- The Income Tax Rate for New Canaan is 5.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing 黑料社区.

Income and Salaries for New Canaan
- The average income of a New Canaan resident is $119,935 a year. The US average is $37,638 a year.
- The Median household income of a New Canaan resident is $214,977 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyNew Canaan, ConnecticutUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
Reviews for New Canaan
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Over 15 years ago

Beautiful town with wonderful people. Great place to raise children, however, it is extremely costly to live  More

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Over 16 years ago

Agreed, cost of living is too high, too many wall streeters (which have a bad rep nowadays), and diversity is almost non-existant, public schools are average/good but  More

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Over 18 years ago

Outside of the other categories, which run very well here; schools are good and competitive, climate is relatively mild, crime is very low, diversity is strong, culture  More

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