Is Caledon a Good Place to Live?
Based on current data, Caledon receives an overall livability score of 2.9 out of 5.0, earning a grade of C+. Key strengths include above-average household incomes, a low poverty rate. Areas to be aware of include high housing costs, above-average unemployment. Caledon has some notable strengths but also faces challenges that prospective residents should consider.
Economy & Jobs
The median household income in Caledon is $133,000, which is significantly higher than the national average — 77% above $75,149. This places Caledon among higher-income communities. At 11.2%, unemployment is notably high. Only 4.5% of residents live below the poverty line, well below the national rate of 12.4%. Workers commute an average of 35 minutes.
Cost of Living & Housing
The median home value in Caledon is $1,000,000, making it a premium housing market at 255% above the U.S. median of $281,900. Renters pay a median of $1,740 per month, significantly above the national average of $1,163. With a home price-to-income ratio of 7.5x, housing affordability is a significant challenge for many families.
Education
18.5% of residents hold a bachelor's degree, below the national average of 33.7%. 29.4% have completed high school.
Climate & Weather
Caledon has a cool climate with an average annual temperature of 45°F. Winters average 21°F in January while summers reach 68°F in July. Annual precipitation totals 34.6 inches, including 62.6 inches of snow.