Median Income
$58,188
household / year
Median Home Value
$113,900
owner-occupied
Median Rent
$1,038
gross / month
Cost of Living
94
national avg = 100

Is Canaan, VT a Good Place to Live?

Canaan is a small town of 286 in Vermont, with a median household income of $58,188 and a 12.2% unemployment rate. Its cost of living index is 94 (US average = 100), which is 6% below the national average.

Strengths: Canaan stands out for an affordable cost of living, below-average home prices, solid school ratings (A-), short average commutes.

Trade-offs: Potential downsides include an elevated unemployment rate. Whether Canaan is right for you depends on your priorities — the full breakdown is below.

All Canaan city data on this page comes from official government sources — the US Census Bureau, FBI, NCES, BEA, and NOAA — updated annually.

Cost of Living

Index: 93.9

Canaan's overall cost of living index is 93.9, where 100 represents the US national average. Living in Canaan costs roughly 6% less than the average American city.

Metric Canaan, VT National Avg
Median Home Value $113,900 $244,900
Median Monthly Rent $1,038 $1,163
Homeownership Rate 75.2% 65.9%
Median Household Income $58,188 $74,755

Crime & Safety

Crime data for Canaan is not currently available from the FBI's Uniform Crime Reporting program. Not all local agencies report to the UCR each year.

Schools & Education

Canaan is served primarily by Canaan School District. The student-to-teacher ratio is 7.1:1 (better than the national average of ~16:1).

Metric Canaan, VT National Avg
School District Canaan School District
Elementary Schools N/A
Middle Schools N/A
High Schools 1
Student/Teacher Ratio 7.1:1 16:1
Bachelor's Degree or Higher 9.8% 35.4%
High School Diploma or Higher 83.8% 91.1%

Weather & Climate

Canaan sees average highs of 21.5°F in January and 75.5°F in July, with 42.6 inches of annual precipitation and 111.1 inches of snow per year.

MetricCanaan, VT
Average High — January21.5°F
Average High — July75.5°F
Annual Precipitation42.6"
Annual Snowfall111.1"

Demographics

MetricCanaan, VTNational Avg
Population286
Median Age54.838.9
Unemployment Rate12.2%3.7%
Avg Commute Time22.8 min26 min
White (non-Hispanic)98.6%59.3%
Black or African American0.0%13.6%
Hispanic or Latino1.4%18.9%
Asian0.0%6.3%
Under 1816.4%22.2%
65 and over38.8%16.8%

Nearby Cities

ZIP Codes in Canaan

Canaan, VT is covered by 1 ZIP code:

Canaan vs Other Cities

Frequently Asked Questions

Canaan's cost of living index is 94, where 100 is the national average. That makes Canaan roughly 6% less expensive than a typical US city — a meaningful affordability advantage. The median home price is $113,900 and median rent is $1,038/month.
Crime data for Canaan is not available in the current FBI UCR reporting year. Not all jurisdictions submit data annually.
Public schools in Canaan are operated by Canaan School District. The district has several elementary, several middle, and 1 high schools. The student-to-teacher ratio is 7.1:1. 9.8% of adults 25+ hold a bachelor's degree or higher.
Canaan, VT has a population of 286, a median household income of $58,188, and an unemployment rate of 12.2%. It offers below-average costs of living, which stretches take-home pay further than in most American cities. Whether it's right for you depends on your priorities — use the compare tool above to stack it against another city you're considering.
Canaan averages 21.5°F in January and 75.5°F in July. Annual rainfall is 42.6 inches with about 111.1 inches of snow per year. Based on NOAA 30-year climate normals (1991–2020).
Canaan, VT is covered by 1 ZIP code: 05903.
The population of Canaan, Vermont is 286 with a median age of 54.8. Source: US Census ACS 5-Year Estimates.
Key numbers for living in Canaan: cost of living index 94 (100 = US average), median home $113,900, median household income $58,188, schools rated A-. Whether these are benefits or drawbacks depends on where you're coming from — compare Canaan side by side with your current city to see the trade-offs.