What is the median household income in North Canaan, CT?

The median household income in North Canaan, CT is $71,976 (±$26,329) a year (2020–2024 American Community Survey).

Paying the median gross rent of $1,146 a month would take about $45,800 a year at the common guideline of spending no more than 30% of income on rent.

In North Canaan, the median household income went from $62,432 in 2015–2019 to $71,976 in 2020–2024 (+15.3%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

Figures last updated on .

Median household income
$71,976 (±$26,329)
Median renter income
$53,936 (±$9,140)
Income to afford median rent
about $45,800

Income in North Canaan against Northwest Hills Planning Region, its state and the nation

Income, estimate (90% margin of error)
North CanaanNorthwest Hills Planning RegionConnecticutUnited States
Median household income$71,976 (±$26,329)$93,551 (±$3,107)$95,781 (±$732)$80,734
Median renter household income$53,936 (±$9,140)$53,459 (±$3,980)$52,072 (±$906)$52,966
Median owner household income$94,038 (±$19,430)$108,761 (±$4,098)$125,125 (±$969)$100,009
Median gross rent$1,146 (±$152)$1,193 (±$33)$1,488 (±$10)$1,413

In North Canaan, median household income is not measurably different from Northwest Hills Planning Region ($93,551).

It is not measurably different from Connecticut ($95,781).

It is not measurably different from the national figure ($80,734).

In Northwest Hills Planning Region, North Canaan ranks 19 of 21 places with a published estimate, from highest to lowest median household income.

Statewide, it ranks 156 of 169.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How much you need to earn to rent in North Canaan

Many landlords and housing programs use 30% of gross income as the most a household should spend on rent.

At that guideline, the median gross rent of $1,146 a month ($13,752 a year) needs an income of about $45,800 a year.

The median renting household in North Canaan earns $53,936 a year.

This is arithmetic on the published medians, not a rule any landlord must follow; screening criteria vary and some places limit how income may be weighed.

Income against housing costs since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
2015–20192020–2024Amount of changeVerdict
Median household income$62,432 (±$12,457)$71,976 (±$26,329)+15.3%No measurable change after inflation
Median gross rent$1,042 (±$172)$1,146 (±$152)+10.0%No measurable change after inflation
Median home value$190,900 (±$12,554)$267,300 (±$58,667)+40.0%No measurable change after inflation

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Median household income in places near North Canaan

Nearest places with a published estimate, compared with North Canaan
PlaceDistanceMedian household incomeCompared with this place
North Canaan—$71,976 (±$26,329)—
Canaan4.0 mi$89,632 (±$25,455)Not measurably different
New Marlborough6.0 mi$117,188 (±$37,556)Not measurably different
Sheffield6.6 mi$92,120 (±$31,176)Not measurably different
Norfolk7.0 mi$91,548 (±$16,182)Not measurably different
Salisbury7.0 mi$124,256 (±$25,966)Higher
Mount Washington10 mi$142,500 (±$26,393)Higher
Sandisfield11 mi$91,111 (±$22,815)Not measurably different
Winchester12 mi$66,519 (±$11,612)Not measurably different

Nearby places with a measurably higher figure: Salisbury, CT ($124,256), Mount Washington, MA ($142,500).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Median household income across Northwest Hills Planning Region, place by place

RankPlaceMedian household income
13Litchfield$102,609 (±$15,694)
14Washington$101,549 (±$16,301)
15Sharon$100,518 (±$14,994)
16Kent$96,064 (±$16,054)
17Norfolk$91,548 (±$16,182)
18Canaan$89,632 (±$25,455)
19North Canaan$71,976 (±$26,329)
20Torrington$70,856 (±$4,937)
21Winchester$66,519 (±$11,612)

Showing 9 of 21 places in Northwest Hills Planning Region, ranked from highest to lowest.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

What you can do on Seayora in North Canaan

One account for renting, owning, managing and fixing homes, with these figures beside you.

Own or manage a rental?

List it, sign the lease and collect rent online, with the figures for North Canaan beside you.

Create a landlord account · See what landlords get

Looking for a place to rent?

Browse homes for rent near North Canaan, save the ones you like and apply online.

Browse rentals · Create a renter account

Do repairs, renovations or maintenance?

Get found by owners and renters near North Canaan, and send estimates and invoices from your phone.

Join as a pro · Find a pro

Questions about North Canaan

What is the median household income in North Canaan?

The median household income in North Canaan is $71,976 (±$26,329) a year (2020–2024 American Community Survey).

How much do you need to make to afford rent in North Canaan?

About $45,800 a year, if rent is to stay at or below 30% of income at the median gross rent of $1,146 a month.

Have incomes in North Canaan kept up with inflation?

In North Canaan, the median household income went from $62,432 in 2015–2019 to $71,976 in 2020–2024 (+15.3%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

What do renters earn in North Canaan?

The median renting household in North Canaan, CT earns $53,936 (±$9,140) a year.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for North Canaan town, Northwest Hills Planning Region, Connecticut (county subdivision:54030, in state:09 county:160).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are B19013_001E, B19013_001M, B25064_001E, B25064_001M, B25077_001E, B25077_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP03_0062E, DP03_0062M, B25119_003E, B25119_003M, B25119_002E, B25119_002M, DP04_0134E, DP04_0134M

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.

Figures last updated on .

Related