New Canaan, CT
Population 7,032 · Connecticut
About New Canaan, CT
New Canaan is a small community in Connecticut with a population of 7,032 residents. The median household income is $163,355 per year, which is above the national average. The median age in New Canaan is 44.6 years.
Housing in New Canaan has a median home value of $1,115,600 and median monthly rent of $3,501. Of the 2,993 total housing units, the majority are owner-occupied, with 1,749 owner-occupied and 977 renter-occupied units.
The unemployment rate in New Canaan is 10.3% and the poverty rate is 4.2%. 76.6% of residents hold a bachelor's degree or higher. The average commute time is 37.7 minutes.
How New Canaan Ranks in Connecticut
Cost of Living in New Canaan, CT
Compared to national averages, New Canaan has a median household income of $163,355 (117% above the national median of $75,149). Home values average $1,115,600, which is 356% above the national median. Monthly rent at $3,501 is 201% above the US average of $1,163. Within Connecticut, New Canaan's income is 33% above the state average of $123,065, and home values are 116% above the state median of $516,920.
Why Live in New Canaan, CT?
New Canaan offers a strong local economy with a median household income of $163,355, well above the national average, and a well-educated community where 76.6% of residents hold a bachelor’s degree or higher, and a low poverty rate of 4.2%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $1,115,600. However, New Canaan’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
New Canaan has a population of 7,032 with a median age of 44.6 years. Compare New Canaan with other cities to see how it stacks up, or explore all cities in Connecticut.
Similar Cities Near New Canaan
Cities in Connecticut with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Winsted | 7,074 | $66,058 | $214,000 | Compare |
| Staples | 6,985 | $218,365 | $1,202,800 | Compare |
| Ridgefield | 7,103 | $143,286 | $843,200 | Compare |
| Putnam | 7,120 | $63,209 | $236,000 | Compare |
| Old Greenwich | 6,904 | $250,001 | $1,668,200 | Compare |
| Cos Cob | 7,354 | $176,602 | $1,149,500 | Compare |
| Rockville | 6,657 | $51,607 | $192,500 | Compare |
| Thompsonville | 7,473 | $71,714 | $235,200 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Connecticut
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about New Canaan
What is the population of New Canaan, CT?
The population of New Canaan, CT is 7,032 according to the latest Census data.
What is the median household income in New Canaan?
The median household income in New Canaan, CT is $163,355 per year.
What is the median home value in New Canaan?
The median home value in New Canaan, CT is $1,115,600.
What is the average rent in New Canaan?
The median monthly rent in New Canaan, CT is $3,501.
What is the unemployment rate in New Canaan?
The unemployment rate in New Canaan, CT is 10.3%.