With a population of more than 91,800 people, Canton is a township that plays home to a lively community, social events, concerts, and restaurants for every taste. Home to the only IKEA in the state of Michigan, Canton offers an extremely friendly and conducive environment for businesses and is easily accessible via major roads, rail, and water transport corridors.
Canton is one of the fastest-growing communities in Michigan and conveniently lies within 8 miles of Detroit and Ann Arbor. Besides, the city is big on arts and cultural exhibitions. The Village Theater, a 400-seat premier performing arts center at Cherry Hill, is a mega performing arts center and hosts multicultural community events, live shows, and art exhibitions year-round.
The Downtown Development Authority District of Canton is home to more than 300 retail, commercial, and medical facilities. The Ford Road – the community’s main retail corridor – also hosts some of the nation’s largest retail chains including Target, Home Depot, Kohls, etc.
If you prefer stepping out into surfeit nature, Canton has fabulous parks to offer. You would love to visit the Summit on the Park, the Heritage Park, or the Flodin Park to name a few. Apart from parks, you can also visit the immaculate Pheasant Run Golf Course and various hiking trails.
What is Real Estate like in Canton?
Canton is the second most populated township in Michigan. It has been ranked as the 96th highest-income place in the United States among cities with a greater than 50,000 population. Besides, in 2015, Canton was termed as the 29th safest city in the United States. With such high credentials, it makes sense why Canton has seen an incredible surge in population over the last few years.
Real estate in Canton has shown an average growth of 3.76% per year since the year 2000. Besides, since 2000, the prices of homes in Canton have appreciated by 117.18%.
The median home price in Canton is almost $300,000. Currently, there are 205 active homes for sale in Canton, and normally it takes 40 days for a listed home to get off the market. Moreover, the average cost to rent a house in Canton is $1,733 per month. At present, there are 33,644 occupied homes and apartments in the city, 76.22% of which are owned, and the remaining 23.78% are rented.
How is the economic landscape of Canton?
Over the last year, Canton has seen a job market increase of 0.7%. At present, the major employers in the township are Plymouth-Canton Community Schools, Yazaki North America, Walmart, The Home Depot, and Sysco Detroit. The city is preponderantly inhabited by white-collar professionals who make 85.6% of Canton’s employed workforce.
On average, a Canton resident earns around $34,625 per annum. The city’s median household income of almost $82,243 per resident is much greater than the US average of approximately $54000. Most of the residents of Canton work in manufacturing, retail, finance, education, professional and technical services, healthcare, and accommodation services.
How are the schools like in Canton?
Canton’s educational districts are thriving and are home to top-quality schools with very high rankings among schools across Michigan. The township is covered by 3 school districts encompassing 52 public schools and 8 private schools. The Plymouth-Canton Community Schools district is the township’s major school district.
When it comes to higher education, Canton is quite handsomely covered by two highly reputed universities – The University of Michigan (UM), and Eastern Michigan University (EMU). The University of Michigan is the biggest and the most prestigious in Michigan. In 2021, the University of Michigan was ranked as the best public university in the United States. It has been called a Public Ivy – a title that reflects its superior research and teaching standards at par with the renowned Ivy League.
Canton in a nutshell
To sum up, Canton is one of the most livable and safest cities in the United States. It offers all sorts of urban amenities from splendid restaurants, pristine parks, and august educational facilities to nationally renowned retails chains and luxury shopping centers. We are convinced that Canton is a great place to call home.