Cost of Living in Canton Valley, CT

With a cost of living index of 103, Canton Valley, CT is somewhat more expensive than average. Living here is 3% more expensive than the national average and 23% below the Connecticut state average of 125. Canton Valley is a small community of 1,364 residents.

Housing costs are the biggest factor in Canton Valley's cost of living. The median monthly rent is $1,271 (4% below the US median of $1,319), and the median home value sits at $354,900 (16% above the national median of $304,900). At current prices, the median home costs roughly 4x the median household income — a moderately affordable ratio by today's standards.

The median household income in Canton Valley is $88,028, which is 17% higher than the national median of $75,149. Residents spend roughly 17% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.