Canaan, IN — income, home value, property tax, and sales tax.
In ZIP code 47170, which takes in Canaan, households bring in a median of $57,634 a year, while per-capita income sits at $29,433. A median home value of $164,200 pairs with a county property tax rate of 0.65%, so annual property taxes land near $1,067. Sales taxes combine to 7.00%, which shapes day-to-day spending at local stores. With earnings at this level, housing costs and consumption taxes together claim a meaningful share of the budget, and the gap between household and per-person income hints at a mix of single-earner and multi-earner homes across the area.
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