New York / County

Moving to Canal Street, NY

Thinking of making a move to Canal Street, NY? Get helpful local information about living costs, neighborhoods, schools, weather, housing, DMV details, and practical relocation details before you plan your move.

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Everything You Should Know Before Moving to Canal Street, NY

Considering a move to Canal Street, NY? This welcoming community of 12,800 residents offers a blend of suburban charm and convenience, with median home prices around $785,000 and average rents near $2,650. Commute times average 40 minutes and public transport is accessible, making it great for professionals. The area boasts low violent crime, strong schools, and plenty of sunny days (54% annually), ideal for families and commuters alike. Explore Canal Street's cost of living, education, and friendly neighborhoods to see if it's the right fit for your next move.

Demographics - Canal Street, NY

Canal Street has a population of 12,800 residents, offering a diverse community with a median age of nearly 36 and a balanced gender ratio. The area features a strong blend of backgrounds, with about 44% White, 15% Black, and 11% Asian residents, and over 26% speaking a language other than English at home. Its high population density contributes to a lively suburban atmosphere.

Population
12,800
Density
18,500 per sq mi
Median Age
35.8
Gender Ratio
91 males per 100 females
Non-English Speakers Percentage
26.0%

Ethnic Composition

White
44.0%
Black
14.5%
Asian
10.8%
Others
30.7%

Cost Of Living

What is the average cost of living in Canal Street, NY?

The cost of living in Canal Street is higher than the national average, with a cost of living index of 168.4. Median home values are around $785,000 and average rents for a two-bedroom apartment are approximately $2,650. Utilities, groceries, and transportation costs are also elevated, reflecting the area's desirable location and amenities.

Median House Value
$785,000
Gross Rent
$2,650
Monthly Electricity Charges
$128
Auto Insurance
$2,350
House Owner Cost With Mortgage
$4,150
House Owner Cost Without Mortgage
$1,050
State Taxes
Low: 4.0%| High: 10.9%
Cost Of Living Index
168.4
Grocery
124.5
Housing
236.0
Utilities
112.8
Transportation
143.2
Health Care
116.7
Miscellaneous
128.9

Crime

Is Canal Street, NY a safe place to live?

Canal Street is considered a safe community, with a low violent crime rate of 620 incidents per 100,000 residents and a property crime chance of 1 in 38. Most residents enjoy peace of mind, making it an attractive choice for families. The crime index remains below many urban areas in New York.

Violent Crimes Per 100k
620
Property Crimes Per 100k
2,650
Crime Index
3,270
Chance Of Violent Crime
1 in 161
Chance Of Property Crime
1 in 38

Weather

What is the weather like in Canal Street, NY year-round?

Canal Street experiences four distinct seasons, with warm summers reaching highs of 85°F and cold winters dipping to 27°F. The area receives about 46 inches of rainfall annually and enjoys sunshine on 54% of days. This climate offers residents a balanced mix of outdoor opportunities year-round.

Winter

Min
27°F
Max
40°F

Summer

Min
68°F
Max
85°F

Spring

Min
46°F
Max
67°F

Fall

Min
50°F
Max
71°F
Average Rainfall Inches
46.0 inches
Sunny Days Percentage
54%

Neighbors

The neighborhood boasts a healthy median household income of $83,500 and a low poverty rate of 15.8%. Over 85% of residents have at least a high school diploma, and nearly 34% hold a bachelor's degree or higher. Commute times average 40 minutes, and almost 52% use public transportation, reflecting the area's accessibility and educated population.

Median Income
$52,000
Household Income
$83,500
Family Income
$96,200
Per Capita Income
$38,400
Income Male
$56,000
Income Female
$49,000
Poverty Rate
15.8%
Non English Speakers
31.0%
Rent
$2,650
Unemployment Rate
5.7%
Public Transport Usage
52.4%
Commute Time
39.8 minutes

Education

High School or Higher
84.5%
Bachelors or More
33.8%

Education

How are the schools in Canal Street, NY?

Canal Street offers quality education options, with public schools like PS 124 Yung Wing School and Lower East Side Preparatory High School known for favorable student-to-teacher ratios. Families also have access to private schools and several nearby colleges, including Borough of Manhattan Community College and New York University. The community is committed to educational excellence for all age groups.

Public Schools

Name
PS 124 Yung Wing School
Street
40 Division St
Phone
(212) 962-8141
Students
520
Student Teacher Ratio
13.1
Name
Lower East Side Preparatory High School
Street
145 Stanton St
Phone
(212) 505-6366
Students
1,050
Student Teacher Ratio
14.6

Private Schools

Name
The Urban Assembly School of Business for Young Women
Street
26 Broadway
Phone
(212) 460-8468
Students
380

Colleges

Name
Borough of Manhattan Community College
City
New York
State
NY
Distance
1 mile
Students
27,000
Name
New York University
City
New York
State
NY
Distance
2 miles
Students
58,000

Healthcare

Canal Street residents have access to quality healthcare, with major hospitals like NewYork-Presbyterian Lower Manhattan Hospital and Mount Sinai Beth Israel nearby. The community benefits from a high physician-to-resident ratio of 3.1 per 1,000 people and 93.8% health insurance coverage. Local healthcare services are reliable and comprehensive.

Major Hospitals

Name
NewYork-Presbyterian Lower Manhattan Hospital
Address
170 William St, New York, NY 10038
Phone
(212) 312-5000
Type
General & Surgical
Emergency Services
Yes
Name
Mount Sinai Beth Israel
Address
1 E 16th St, New York, NY 10003
Phone
(212) 420-2000
Type
General & Surgical
Emergency Services
Yes

Healthcare Access

Physicians Per 1000
3.1
Health Insurance Coverage
93.8%
Health Care Index
79.2

Housing Market

What is the housing market like in Canal Street, NY?

The local housing market is strong, with a median home price of $785,000 and an owner-occupied rate of nearly 30%. The market has seen a 4.2% appreciation over the past year, and rental vacancy rates remain moderate at 4.8%. Canal Street offers a mix of stability and opportunity for both buyers and renters.

Median Home Price
$785,000
Average Rent For 2 Bedroom
$2,650
Owner Occupied Rate
29.5%
Rental Vacancy Rate
4.8%
Home Appreciation Rate (1yr)
4.2%
New Construction Rate
1.1%
Foreclosure Rate
0.4%

DMV Information

Residents of Canal Street handle vehicle services through the New York State Department of Motor Vehicles, conveniently located in Albany. The state DMV provides driver licensing, vehicle registration, and other essential services both in person and online. Information and resources are easily accessible for new and existing residents.

State
New York
Department
New York State Department of Motor Vehicles
Address
6 Empire State Plaza, Albany, NY 12228
Phone
1-518-486-9786

Disclaimer: The information provided on this page is based on publicly available sources including AccuWeather, U.S. Census Bureau, local government data, and third-party partners such as Neustar. While we strive to ensure accuracy, all data is provided “as is” and should be independently verified before making any decisions. Movers.com makes no guarantees regarding the completeness or reliability of the information.

FAQs About Moving to Canal Street, NY

Answers use the same city data shown on this page, including costs, housing, schools, safety, weather, healthcare, and DMV details.

Before moving to Canal Street, review the core fields on this page: population 12,800, median home value $785,000, average rent for 2 bedroom $2,650, commute time 39.8 minutes, and sunny days percentage 54%.

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