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Canaan, IN 47224 has a population of approximately 490 and experiences a population change rate of -24.96%. The population density is 21.8 / sq mi .
The median household income for Canaan, IN 47224 is $49,509, with 153 households and an average household size of 3.56.
The median value of a home in Canaan, IN 47224 is $222,100 with an appreciation rate of 15.80%. 95.63% of housing in the state is owned while 0.00% is rented.
The cost of living in Canaan, IN 47224 is 90.4 %.
The unemployment rate in Canaan, IN 47224 is 2.50%, and recent job growth is at 1.24%. Future job growth is projected at 39.93%.
The sales tax rate in Canaan, IN 47224 is 7.00%, while the income tax rate is 3.23% .
School expenditures in Canaan, IN 47224 are $13,210, and the school ratio is 16:1.
The average high temperature in July is 85.7 degrees, with an average low temperature in January of 22.1 degrees. The average rainfall is approximately 46.3 inches per year, with 16.1 inches of snow per year.