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 94.08% of the workforce employed in white-collar jobs, well above the national average. Overall, New Canaan is a town of managers, sales and office workers and professionals. There are especially a lot of people living in New Canaan who work in management occupations (22.95%), sales jobs (17.85%) and business and financial occupations (14.72%).
Telecommuters are a relatively large percentage of the workforce: 11.62% of people work from home. While this number may seem small overall, as a fraction of the total workforce it is high relative to the nation. 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 educated, wealthy, executives and professionals, who have urbane tastes in books, food, and travel, whether they actually live in a big city, or choose to reside in a small town. In big or medium-sized cities, urban sophisticates tend to frequent art institutions such as opera, symphonies, ballet, live theatre, and museums.
New Canaan is a good choice for families with children because of several factors. Many other families with children live here, making it a place where both parents and children are more likely to develop social ties with other families. The town’s good public school district and large population of college-educated adults provide an environment conducive to academic success. Many people own their own single-family homes, providing areas for children to play and stability in the community. Finally, New Canaan’s overall crime rate ranks among the lowest in the country, making it one of the safest places to raise a family.
One downside of living in New Canaan, however, is that residents on average have to contend with a long commute, spending on average 32.38 minutes every day commuting to work. However, local public transit is widely used. For those who would prefer to avoid driving entirely and leave their car at home, it may be an option to use the transit instead.
Like elsewhere in America, most people in New Canaan use a private automobile to get to work. But notably, a substantial number of New Canaan‘s citizens do make use of public transit in their daily commute, primarily riding the train. This helps more people get to work with less air pollution, and require fewer highways to get them there.
If knowledge is power, New Canaan is a pretty powerful place. 74.86% of the adults in New Canaan have earned a 4-year college degree, masters degree, MD, law degree, or even PhD. Compare that to the national average of 21.84% for all cities and towns.
The per capita income in New Canaan in 2010 was $97,498, which is wealthy relative to Connecticut and the nation. This equates to an annual income of $389,992 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 Italian, Irish, English, German, Polish and French.
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||7,010|
|NEW CANAAN HOME OWNERSHIP|
|% OWNER OCCUPIED||80.79%|
|% RENTER OCCUPIED||19.21%|
|TYPE OF NEW CANAAN HOMES|
|SINGLE FAMILY DETACHED||74.52%|
|ROWHOUSES AND ATTACHED HOMES||9.68%|
|SMALL APARTMENT BUILDINGS||7.26%|
|COMPLEXES OR HIGH RISE APARTMENTS||8.54%|
|SIZE OF NEW CANAAN HOMES|
|5 OR MORE BEDROOMS||26.85%|
|AGE OF NEW CANAAN HOMES|
|NEWER HOMES (2000 OR LATER)||9.27%|
|ESTABLISHED, BUT NOT OLD HOMES (1970-1999)||30.55%|
|WELL-ESTABLISHED, OLD HOMES (1940-1969)||41.87%|
|HISTORIC (1939 OR BEFORE)||18.31%|
|NEW CANAAN REAL ESTATE INFORMATION||DETAILS|
|MEDIAN HOME VALUE||$1,205,710|
|MEDIAN RENTAL PRICE||$2,108|
|HOME VALUE RANGE|
|$0 - $50,000||0.67%|
|$50,001 - $99,000||0.13%|
|$99,001 - $199,000||1.05%|
|$199,001 - $298,000||1.78%|
|$298,001 - $397,000||1.61%|
|$397,001 - $497,000||4.31%|
|$497,001 - $745,000||10.49%|
|$745,001 - $993,000||19.40%|
|PEOPLE OF NEW CANAAN||DETAILS|
|UNDER 5 YEARS||5.56%|
|5 TO 17||26.64%|
|18 TO 24||4.30%|
|25 TO 34||3.85%|
|35 TO 54||32.16%|
|55 TO 64||12.84%|
|65 YEARS AND OVER||14.65%|
|EDUCATIONAL ATTAINMENT OF ADULTS|
|HIGH SCHOOL GRADUATES||97.12%|
|MEDIAN HOUSEHOLD INCOME||$161,848|
|PER CAPITA INCOME||$97,498|
|INDIVIDUALS BELOW POVERTY LEVEL||2.34%|
|INDUSTRIES PEOPLE WORK IN||Finance (20.94%)
Professional, scientific, and technical services (14.15%)
Information Technology (3.98%)
Real estate (3.55%)
Public Service (3.31%)
|BLACK OR AFRICAN AMERICAN||0.94%|
|AMERICAN INDIAN AND ALASKA NATIVE||0.00%|
|NATIVE HAWAIIAN AND OTHER PACIFIC ISLANDERS||0.00%|
|SOME OTHER RACE ALONE||0.33%|
|TWO OR MORE RACES||2.07%|
|HISPANIC OR LATINO (OF ANY RACE)||3.53%|
|ETHNICITIES PRESENT||Italian (14.51%)
|LANGUAGES SPOKEN||English (87.73%)
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