Town of Canaan — Financial Data

1,570 Population FY 2024

$1,198 Town-Wide Per Capita Spending All residents incl. villages FY 2025

0.0% Debt Service FY 2024

3.3 Fiscal Stress FY 2024

20.0 Env. Stress FY 2024

No incorporated villages in this town.

Stress Trajectory

Community Profile

Census Bureau ACS 5-year estimates

4.2% Poverty Rate 2023

58.0% Bachelor's+ Rate 2023

4.1% Unemployment Rate 2023

83.7% Homeownership Rate 2023

Median Household Income

$120,000 (2023)

2010 2023

Per Capita Income

$65,451 (2023)

2010 2023

Median Home Value

$362,500 (2023)

2010 2023

Median Gross Rent

$1,438 (2023)

2010 2023

Median Age

54.9 (2023)

2010 2023

Gini Index

0 = perfect equality · 1 = perfect inequality

0.5 (2023)

2010 2023

Financial Trends

Total spending across all funds, including services for the entire town and services exclusive to areas outside villages · 1995–2025

Fiscal Health

Debt Outstanding

$0 (2024)

2011 2024

Full Value of Taxable Property

$544,033,347 (2024)

2011 2024

Debt Service

$0 (2024)

1995 2024

Debt Service %

0.0% (2024)

1995 2024

Town-Wide Per Capita Spending

$1,198 (2025)

2010 2025

Fiscal Stress Score (OSC)

0 = healthy · 100 = significant stress

3.3 (2024)

2012 2024

Environmental Stress Score (OSC)

0 = no stress · 100 = significant stress

20.0 (2024)

2012 2024

Top Revenue Sources

Real Property Taxes And Assessments

$595,192 (2025)

1995 2025

State Aid

$507,586 (2025)

1995 2025

Sales And Use Tax

$497,977 (2025)

1995 2025

Federal Aid

$106,896 (2025)

1996 2025

Charges For Services

$62,304 (2025)

1995 2025

Top Expenditures

Transportation

$969,922 (2025)

1995 2025

General Government

$402,608 (2025)

1995 2025

Employee Benefits

$286,655 (2025)

1995 2025

Culture And Recreation

$70,210 (2025)

1995 2025

Sanitation

$65,237 (2025)

1997 2025

Financial Documents (85)

Year	Title	Type
2025	Town of Canaan OSC Annual Financial Report 2025	OSC_TOWN_CSV_AFR
2024	Town of Canaan OSC Annual Financial Report 2024	OSC_TOWN_CSV_AFR
2024	Town of Canaan OSC Annual Financial Report 2024	OSC_TOWN_AFR
2024	Town of Canaan FSMS Report 2024	FSMS_MONITORING
2023	Town of Canaan Census ACS 5-Year Estimates 2023	US_CENSUS_ACS5

View all 85 documents →

Governance & Structure

Governance Structure

Structure: Not specified
Fiscal Autonomy: Not specified
ICMA Recognition: —
Notes: None
OSC Code: 100311800000

School Details

Not applicable for this entity type.