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 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.
Because of many things, New Canaan is a great place for families with children to consider. First of all, many other families with children live here, making New Canaan a place where both parents and children are more likely to develop social ties with other families, as well as find family-oriented services and community. The town’s good public school district and large population of college-educated adults provide an environment conducive to academic values. With regard to real estate, New Canaan has a high rate of owner-occupied single family homes, which tends to reflect stability in the local 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 is that it can take a long time to commute to work. In New Canaan, the average commute to work is 32.00 minutes, which is quite a bit higher than the national average. On the other hand, local public transit is widely used in the town, so leaving the car at home and taking transit is often a viable alternative.
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.
Do you have a 4-year college degree or graduate degree? If so, you may feel right at home in New Canaan. 76.18% of adults here have a 4-year degree or graduate degree, whereas the national average for all cities and towns is just 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||$1,208,052|
|MEDIAN RENTAL PRICE||$2,134|
|HOME VALUE RANGE|
|$0 - $50,000||0.51%|
|$50,001 - $100,000||0.22%|
|$100,001 - $200,000||1.49%|
|$200,001 - $299,000||2.04%|
|$299,001 - $399,000||1.80%|
|$399,001 - $499,000||3.38%|
|$499,001 - $749,000||10.22%|
|$749,001 - $998,000||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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