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Cost of Living in Shelton, CT

Population 41,889 · Census ACS 2020–2024 5-year estimates

Median rent$1,741
Median home value$452,600
Median household income$108,185

The median rent in Shelton, CT is $1,741/month, 17% higher than the Connecticut median and 23% higher than the U.S. median. The median home value is $452,600, 36% higher than the national median. Households earn a median of $108,185 a year, 13% higher than the state median.

Affordability

Rent as a share of median income: 19.3%
Income needed for median rent (30% rule): $69,640/yr
Home price-to-income ratio: 4.2×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $2,289/mo

Run your own numbers: mortgage calculator · hourly to salary

Shelton vs. Connecticut vs. U.S.

SheltonConnecticutU.S.
Median rent$1,741$1,488$1,413
Median home value$452,600$366,900$332,700
Median household income$108,185$95,781$80,734
Homeownership rate76.5%66.5%65.2%
Bachelor's degree or higher41.7%42.5%35.7%
Poverty rate6.6%10.0%12.5%
Unemployment rate4.9%5.6%5.2%
Work from home13.9%16.0%15.1%
Median age44.541.138.9

FAQ

What is the average rent in Shelton, CT?

The median gross rent in Shelton, CT is $1,741 per month (ACS 2020–2024 5-year estimate).

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

Using the common 30% rule, renting a median-priced home takes about $69,640 a year in gross income.

Is Shelton, CT expensive to live in?

Rent there is 23% higher than the U.S. median, and the median home costs about 4.2 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

Bolingbrook, ILRent $1,749 · Income $108,400West Jordan, UTRent $1,757 · Income $108,153Hoffman Estates, ILRent $1,734 · Income $106,806Matthews, NCRent $1,764 · Income $108,611Winter Park, FLRent $1,738 · Income $105,724The Acreage, FLRent $1,710 · Income $109,032

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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