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Cost of Living in Middletown, CT

Population 47,958 · Census ACS 2020–2024 5-year estimates

Median rent$1,446
Median home value$295,300
Median household income$79,438

The median rent in Middletown, CT is $1,446/month, 3% lower than the Connecticut median and 2% higher than the U.S. median. The median home value is $295,300, 11% lower than the national median. Households earn a median of $79,438 a year, 17% lower than the state median.

Affordability

Rent as a share of median income: 21.8%
Income needed for median rent (30% rule): $57,840/yr
Home price-to-income ratio: 3.7×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $1,493/mo

Run your own numbers: mortgage calculator · hourly to salary

Middletown vs. Connecticut vs. U.S.

MiddletownConnecticutU.S.
Median rent$1,446$1,488$1,413
Median home value$295,300$366,900$332,700
Median household income$79,438$95,781$80,734
Homeownership rate52.9%66.5%65.2%
Bachelor's degree or higher40.2%42.5%35.7%
Poverty rate12.0%10.0%12.5%
Unemployment rate4.7%5.6%5.2%
Work from home14.1%16.0%15.1%
Median age38.141.138.9

FAQ

What is the average rent in Middletown, CT?

The median gross rent in Middletown, CT is $1,446 per month (ACS 2020–2024 5-year estimate).

How much do I need to earn to live in Middletown, CT?

Using the common 30% rule, renting a median-priced home takes about $57,840 a year in gross income.

Is Middletown, CT expensive to live in?

Rent there is 2% higher than the U.S. median, and the median home costs about 3.7 times the median household income.

Other cities in Connecticut

Bridgeport, CTRent $1,450 · Income $58,685Stamford, CTRent $2,276 · Income $111,586New Haven, CTRent $1,488 · Income $56,851Hartford, CTRent $1,269 · Income $46,411Waterbury, CTRent $1,225 · Income $51,886Norwalk, CTRent $2,073 · Income $107,616

Cities with a similar cost of living

Southaven, MSRent $1,445 · Income $78,483Northampton, MARent $1,439 · Income $80,288Ruskin, FLRent $1,419 · Income $79,235Chicago, ILRent $1,440 · Income $77,902Bakersfield, CARent $1,472 · Income $80,540Murfreesboro, TNRent $1,481 · Income $80,108

Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

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