Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 48.4 yrs |
|---|---|
| Avg HH Size | 2.36 |
| Below Poverty | 10.6% ≈ Avg |
| College Grads | 37.9% ≈ Avg |
| Unemployment | 4.0% ▼ 18% below avg |
| No HS Diploma | 34 (2.4%) |
| HS Graduate | 511 (36.5%) |
| Some College | 129 (9.2%) |
| Associates | 195 (13.9%) |
| Bachelors | 228 (16.3%) |
| Graduate Degree | 302 (21.6%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $55,443 ▼ 27% below avg |
|---|---|
| Median Home Value | $151,500 ▼ 46% below avg |
| Home/Income Ratio | 2.7x (nat avg ~3.5x) |
| Median Rent | $994/mo |
| Total Housing Units | 1,053 |
| Vacant Units | 170 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Canaan is a city in Maine, located in Somerset County. The city spans 1 ZIP code and is home to approximately 2,082 residents. It is a mature city, with a median age of 48.4 years.
Economically, Canaan is a solidly middle-class community. The median household income of $55,443 is below the national average. Approximately 10.6% of residents live below the poverty line. The unemployment rate is 4.0%, below the national average.
The real estate market in Canaan is an affordable housing market. Median home values stand at $151,500, which is below the national average. Renters typically pay around $994 per month. Homeownership is high at 84.3%, typical of suburban and family-oriented communities.
The population of Canaan is moderately educated. 37.9% of adults hold a bachelor's degree or higher — near the national average. The community is primarily White (92.32%).
Canaan, ME offers residents a cost-conscious lifestyle within Maine.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 04924 | 2,082 | $55,443 | $151,500 | $994 | 4.0% | 37.9% | 84.3% |