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The median household income in New Canaan town was $232,371 in 2021, which marked an an increase of 5,513(2.43%) from $226,858 in 2020. This income is 311.46% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, New Canaan town sees its highest median household income among householders in the age group of 25 to 44 years old, at $270,229. Overall, the median household income for the town of New Canaan town stands at $232,371.
In New Canaan town, the median income for all workers aged 15 years and older, regardless of work hours, was $152,775 for males and $57,373 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $243,598 for males and $143,970 for females.
In New Canaan town, there are just three different racial groups among households. Among these, Asian households report a median household income of $270,229, followed by White households at $225,701, and Two or More Races households with a median household income of $155,188.
In 2021, the population of New Canaan town was 20,732, a 0.92% increase year-by-year from 2020. Previously, in 2020, New Canaan town's population was 20,542, an increase of 1.44% compared to a population of 20,251 in 2019.
The median age in New Canaan, Connecticut is 42.5, as per 2021 ACS 5-Year Estimates. Of the total population, 22.28% were under the age of 15, 16.91% aged 15 to 29, 45.95% aged 30 to 64, 12.36% aged 65 to 84, and 2.49% were 85 years of age and older.
The total population of New Canaan town is estimated to be 20,574 with 9,307 males (45.24%) and 11,267 females (54.76%). There are 1,960 more females than males in New Canaan town.
Racial distribution of New Canaan town population: 88.66% are White, 0.70% are Black or African American, 0.03% are American Indian and Alaska Native, 6.45% are Asian, 0.02% are some other race and 4.14% are multiracial.