Most Expensive New Canaan Neighborhoods
New Canaan is a medium-sized town located in the state of Connecticut. With a population of 20,314 people and four constituent neighborhoods, New Canaan is the 55th largest community in Connecticut.
New Canaan home prices are not only among the most expensive in Connecticut, but New Canaan real estate also consistently ranks among the most expensive in America.
New Canaan is a decidedly white-collar town, with fully 93.83% of the workforce employed in white-collar jobs, well above the national average. Overall, New Canaan is a town of managers, professionals and sales and office workers. There are especially a lot of people living in New Canaan who work in management occupations (21.78%), sales jobs (17.81%) and business and financial occupations (16.52%).
Of important note, New Canaan is also a town of artists. New Canaan has more artists, designers and people working in media than 90% of the communities in America. This concentration of artists helps shape New Canaan’s character.
One interesting thing about the economy is that relatively large numbers of people worked from their home: 12.90% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
In addition, New Canaan is home to many people who could be described as "urban sophisticates". Urban sophisticates are people who are both educated and wealthy, and thus tend to be older, richer, and more established than young professionals. "Urban sophisticates" is not just about being educated and well-off financially: it is a point of view and state of mind, one that you might call 'urbaneness'. But such people can and do regularly live in small towns, suburbs and rural areas, as well as in big cities. They read, support the arts and high-end shops, and love travel.
Because of many things, New Canaan is a very good place for families to consider. With an enviable combination of good schools, low crime, college-educated neighbors who tend to support education because of their own experiences, and a high rate of home ownership in predominantly single-family properties, New Canaan really has some of the features that families look for when choosing a good community to raise children. Is New Canaan perfect? Of course not, and if you like frenetic nightlife, it will be far from your cup of tea. But overall this is a solid community, with many things to recommend it as a family-friendly place to live.
In New Canaan, however, the average commute to work is quite long. On average, people spend 32.00 minutes each day getting to work, which is significantly higher than the national average. One bright side is that local public transit is widely used, so it may be an option to avoid the headache of driving in the heavy traffic by leaving the car at home and taking transit.
Although the majority of commuting trips in the town are by private automobile, New Canaan is somewhat unusual for a town of its size for having a substantial number of people who use public transportation. For a lot of people, the train helps to get to and from their jobs every morning, which benefits everyone in the New Canaan area by reducing both traffic and air pollution.
Do you like to read, write and learn? If you move to New Canaan, you'll likely find that many of your neighbors like to as well. New Canaan is one of the more educated communities in America, with a full 76.18% of its adults having a college degree or even advanced degree, compared to a national average across all communities of 21.84%.
The per capita income in New Canaan in 2010 was $103,005, which is wealthy relative to Connecticut and the nation. This equates to an annual income of $412,020 for a family of four.
The people who call New Canaan home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of New Canaan residents report their race to be White, followed by Asian. Important ancestries of people in New Canaan include English, Italian, German, Irish, Polish and Scottish.
The most common language spoken in New Canaan is English. Other important languages spoken here include Spanish and Italian.
|NEW CANAAN INFORMATION||DETAILS|
|NUMBER OF HOMES AND APARTMENTS||6,833|
|NEW CANAAN HOME OWNERSHIP|
|% OWNER OCCUPIED||79.31%|
|% RENTER OCCUPIED||20.69%|
|TYPE OF NEW CANAAN HOMES|
|SINGLE FAMILY DETACHED||73.79%|
|ROWHOUSES AND ATTACHED HOMES||9.10%|
|SMALL APARTMENT BUILDINGS||8.52%|
|COMPLEXES OR HIGH RISE APARTMENTS||8.60%|
|SIZE OF NEW CANAAN HOMES|
|5 OR MORE BEDROOMS||27.67%|
|AGE OF NEW CANAAN HOMES|
|NEWER HOMES (2000 OR LATER)||10.98%|
|ESTABLISHED, BUT NOT OLD HOMES (1970-1999)||31.49%|
|WELL-ESTABLISHED, OLD HOMES (1940-1969)||41.29%|
|HISTORIC (1939 OR BEFORE)||16.25%|
|NEW CANAAN REAL ESTATE INFORMATION||DETAILS|
|MEDIAN HOME VALUE||$1,204,128|
|MEDIAN RENTAL PRICE||$2,556|
|HOME VALUE RANGE|
|$0 - $48,000||0.51%|
|$48,001 - $97,000||0.22%|
|$97,001 - $193,000||1.49%|
|$193,001 - $290,000||2.04%|
|$290,001 - $387,000||1.80%|
|$387,001 - $484,000||3.38%|
|$484,001 - $725,000||10.22%|
|$725,001 - $967,000||16.52%|
|PEOPLE OF NEW CANAAN||DETAILS|
|UNDER 5 YEARS||5.68%|
|5 TO 17||26.24%|
|18 TO 24||5.24%|
|25 TO 34||3.36%|
|35 TO 54||31.43%|
|55 TO 64||12.82%|
|65 YEARS AND OVER||15.24%|
|EDUCATIONAL ATTAINMENT OF ADULTS|
|HIGH SCHOOL GRADUATES||97.35%|
|MEDIAN HOUSEHOLD INCOME||$179,810|
|PER CAPITA INCOME||$103,005|
|INDIVIDUALS BELOW POVERTY LEVEL||2.76%|
|INDUSTRIES PEOPLE WORK IN||Finance (23.23%)
Professional, scientific, and technical services (17.44%)
Information Technology (4.33%)
Real estate (3.72%)
Public Service (2.04%)
|BLACK OR AFRICAN AMERICAN||1.11%|
|AMERICAN INDIAN AND ALASKA NATIVE||0.00%|
|NATIVE HAWAIIAN AND OTHER PACIFIC ISLANDERS||0.00%|
|SOME OTHER RACE ALONE||0.41%|
|TWO OR MORE RACES||1.78%|
|HISPANIC OR LATINO (OF ANY RACE)||4.28%|
|ETHNICITIES PRESENT||English (20.21%)
|LANGUAGES SPOKEN||English (86.85%)
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