Canfield, OH
Population 7,651 · Ohio
About Canfield, OH
Canfield is a small town located in Ohio with a population of 7,651 residents according to the latest US Census Bureau American Community Survey data. The median household income is $97,730 per year, which is 30% above the national median of $75,149. The median age of 50 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Canfield features a median home value of $225,100, which is 8% below the national median of $244,900. This positions Canfield in a moderately priced market relative to the rest of the country. Median monthly rent is $786, 32% below the national average of $1,163/month. Of the 3,444 total housing units, 85% are owner-occupied (2,709 units) and 15% are renter-occupied (468 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Canfield shows an unemployment rate of 6.1%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 2.6%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Canfield have an average one-way commute time of 23.4 minutes.
Education & Demographics
46.5% of Canfield residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.9% White, 0.5% Hispanic or Latino, 0.7% Black or African American, and 0.5% Asian residents, with 3.7% of the population being foreign-born.
Cost of Living in Canfield, OH
Compared to national averages, Canfield has a median household income of $97,730 (30% above the national median of $75,149). Home values average $225,100, which is 8% below the national median. Monthly rent at $786 is 32% below the US average of $1,163. Within Ohio, Canfield's income is 36% above the state average of $71,814, and home values are 29% above the state median of $174,449.
Why Live in Canfield, OH?
Canfield offers a strong local economy with a median household income of $97,730, well above the national average, and affordable housing with a median home value of $225,100, below the US average of $244,900, and rent that’s lower than the national average at $786/month. Additionally, the city features a well-educated community where 46.5% of residents hold a bachelor’s degree or higher, and a low poverty rate of 2.6%, better than the national average, and short commute times averaging just 23.4 minutes.
Canfield has a population of 7,651 with a median age of 50 years. Compare Canfield with other cities to see how it stacks up, or explore all cities in Ohio.
Similar Cities Near Canfield
Cities in Ohio with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Fairlawn | 7,689 | $93,154 | $267,000 | Compare |
| Kenton | 7,607 | $47,667 | $98,100 | Compare |
| Hubbard | 7,600 | $62,468 | $123,600 | Compare |
| Uniontown | 7,571 | $97,976 | $241,900 | Compare |
| Northridge | 7,546 | $77,130 | $171,700 | Compare |
| Independence | 7,543 | $114,049 | $305,500 | Compare |
| Dry Run | 7,765 | $180,850 | $451,100 | Compare |
| Campbell | 7,812 | $41,368 | $77,400 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Ohio
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Canfield With Other Cities
Frequently Asked Questions about Canfield
What is the population of Canfield, OH?
The population of Canfield, OH is 7,651 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Ohio.
What is the median household income in Canfield?
The median household income in Canfield, OH is $97,730 per year, which is 30% above the national median of $75,149.
What is the median home value in Canfield?
The median home value in Canfield, OH is $225,100, which is 8% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Canfield?
The median monthly rent in Canfield, OH is $786, which is 32% below the national average of $1,163/month.
What is the unemployment rate in Canfield?
The unemployment rate in Canfield, OH is 6.1%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Canfield, OH a good place to live?
Canfield offers above-average incomes, affordable housing, and growing employment opportunities. With a population of 7,651 and a median age of 50, the city appeals to established professionals and retirees.
How educated is Canfield, OH?
46.5% of residents in Canfield aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Canfield?
Key cost-of-living indicators for Canfield, OH: median home value is $225,100 (8% below national), median rent is $786/month, and median household income is $97,730. The home-value-to-income ratio is 2.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Canfield?
The poverty rate in Canfield, OH is 2.6%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Canfield, OH?
Canfield's population is 0.9% White, 0.5% Hispanic or Latino, 0.7% Black or African American, 0.5% Asian, and 1.8% two or more races. 3.7% of residents are foreign-born.