Cost of Living in New Haven, CT
Population 134,349 · Census ACS 2020–2024 5-year estimates
The median rent in New Haven, CT is $1,488/month, about the same as the Connecticut median and 5% higher than the U.S. median. The median home value is $287,100, 14% lower than the national median. Households earn a median of $56,851 a year, 41% lower than the state median.
Affordability
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New Haven vs. Connecticut vs. U.S.
| New Haven | Connecticut | U.S. | |
|---|---|---|---|
| Median rent | $1,488 | $1,488 | $1,413 |
| Median home value | $287,100 | $366,900 | $332,700 |
| Median household income | $56,851 | $95,781 | $80,734 |
| Homeownership rate | 28.4% | 66.5% | 65.2% |
| Bachelor's degree or higher | 38.9% | 42.5% | 35.7% |
| Poverty rate | 23.9% | 10.0% | 12.5% |
| Unemployment rate | 8.4% | 5.6% | 5.2% |
| Work from home | 13.9% | 16.0% | 15.1% |
| Median age | 31.9 | 41.1 | 38.9 |
FAQ
What is the average rent in New Haven, CT?
The median gross rent in New Haven, CT is $1,488 per month (ACS 2020–2024 5-year estimate).
How much do I need to earn to live in New Haven, CT?
Using the common 30% rule, renting a median-priced home takes about $59,520 a year in gross income.
Is New Haven, CT expensive to live in?
Rent there is 5% higher than the U.S. median, and the median home costs about 5.1 times the median household income.
Other cities in Connecticut
Cities with a similar cost of living
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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