Cost of Living in Lower Connecticut River Valley Planning Region, CT
Population 175,822 · Census ACS 2020–2024 5-year estimates
The median rent in Lower Connecticut River Valley Planning Region, CT is $1,454/month, 2% lower than the Connecticut median and 3% higher than the U.S. median. The median home value is $379,700, 14% higher than the national median. Households earn a median of $104,428 a year, 9% higher than the state median.
Affordability
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Lower Connecticut River Valley Planning Region vs. Connecticut vs. U.S.
| Lower Connecticut River Valley Planning Region | Connecticut | U.S. | |
|---|---|---|---|
| Median rent | $1,454 | $1,488 | $1,413 |
| Median home value | $379,700 | $366,900 | $332,700 |
| Median household income | $104,428 | $95,781 | $80,734 |
| Homeownership rate | 75.8% | 66.5% | 65.2% |
| Bachelor's degree or higher | 46.0% | 42.5% | 35.7% |
| Poverty rate | 6.8% | 10.0% | 12.5% |
| Unemployment rate | 3.8% | 5.6% | 5.2% |
| Work from home | 16.8% | 16.0% | 15.1% |
| Median age | 45.9 | 41.1 | 38.9 |
FAQ
What is the average rent in Lower Connecticut River Valley Planning Region, CT?
The median gross rent in Lower Connecticut River Valley Planning Region, CT is $1,454 per month (ACS 2020–2024 5-year estimate).
How much do I need to earn to live in Lower Connecticut River Valley Planning Region, CT?
Using the common 30% rule, renting a median-priced home takes about $58,160 a year in gross income.
Is Lower Connecticut River Valley Planning Region, CT expensive to live in?
Rent there is 3% higher than the U.S. median, and the median home costs about 3.6 times the median household income.
Other counties in Connecticut
Counties 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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