New Canaan, CT vs Westport Village, CT

New Canaan, CT and Westport Village, CT have a very similar cost of living, with only a 1% difference in their overall index. New Canaan scores 233 while Westport Village scores 235 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in New Canaan is $3,501/month compared to $3,326/month in Westport Village — a 5% difference. Interestingly, home values tell a different story: while Westport Village has cheaper rent, New Canaan actually has lower median home values ($1,115,600 vs $1,208,300).

Median household income in New Canaan is $163,355 compared to $222,650 in Westport Village (-26.6%). While Westport Village is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of New Canaan spend roughly 25.7% of their income on rent, more than the 17.9% in Westport Village.