Canaan, IN — income, home value, property tax, and sales tax.
With a median household income of $42,332 and per-capita income of $25,698, ZIP code 47231 sits in working-class territory, well below what many Indiana households earn. Homes near Canaan carry a median value of $105,900, and the county-level property tax rate of 0.64% keeps annual bills low in dollar terms. Sales tax runs 7.00%, a cost that falls on everyday purchases. Together these figures describe a place where wages are limited but housing costs and property taxes stay in step with local earning power.
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