The Canaan Census Designated Place had a population of 359 as of July 1, 2019. Canaan ranks in the lower quartile for Population Density and Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Vermont. See peer rankings below.
The primary coordinate point for Canaan is located at latitude 44.9962 and longitude -71.5384 in Essex County. The formal boundaries for the Canaan Census Designated Place encompass a land area of 1.58 sq. miles and a water area of 0.05 sq. miles. Essex County is in the Eastern time zone (GMT -5). The elevation is 1,043 feet.
The Canaan Census Designated Place (GNIS ID: 2586621) has a U1 Census Class Code which indicates a census designated place with an official federally recognized name. It also has a Functional Status Code of "S" which identifies a statistical entity.
Alternate Unofficial Names for Canaan: Canaan Corners, Corners.
HOUSING AFFORDABILITY INDEX
|Canaan, VT Housing Affordability Index is 186
State of Vermont Housing Affordability Index is 103
|The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.|
|Canaan, VT Wealth Index is 50
State of Vermont Wealth Index is 92
|The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.|
These new demographic attributes are availiable for cities, Counties, ZIP Codes and even neighborhoods (Census Blocks) when you search by a specific Vermont address.
|Population in Households||359|
|Population in Familes||284|
|Population in Group Qrtrs||0|
|Median Household Income||$45,741|
|Average Household Income||$56,373|
|Per Capita Income||$25,498|
|Total Housing Units||232 (100%)|
|Owner Occupied HU||110 (47.4%)|
|Renter Occupied HU||56 (24.1%)|
|Vacant Housing Units||65 (28.0%)|
|Median Home Value||$125,806|
|Housing Affordability Index2||186|
|Average Household Size||2.15|
|Average Family Size||3|
GROWTH RATE / YEAR
|Median Household Income||2.3%|
|Per Capita Income||2.27%|
The table below compares Canaan to the other 121 incorporated cities, towns and CDPs in Vermont by rank and percentile using July 1, 2019 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.
|Total Population||# 88||29th|
|Population Density||# 101||17th|
|Diversity Index||# 92||24th|
|Median Household Income||# 86||30th|
|Per Capita Income||# 86||30th|
Additional comparisons and rankings can be made with a VERY EASY TO USE Vermont Census Data Comparison Tool.