Cost of Living in Lower Connecticut River Valley Planning Region, Connecticut
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
These figures are county medians, not a personal budget. Use them to frame rent, ownership, and income tradeoffs, then account for household size, commute, financing, insurance, taxes, debt, and local availability before making a decision.
How Lower Connecticut River Valley Planning Region Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Lower Connecticut River Valley Planning Region ranks #2,951 of 3,142 counties for affordability (bottom 6%)
Sourced county brief
Lower Connecticut River Valley Renter Median Income Hits $58,403
Renter households in the Lower Connecticut River Valley Planning Region had a median income of $58,403. The median gross rent in the region was $1,454, which matches the unweighted state county mean exactly. According to official ACS data, the median gross rent as a percentage of household income (GRAPI) was 29.8%. This official percentage is 0.9 percentage points lower than the state unweighted county mean of 30.7%. For homeowners, the median selected monthly owner cost was $1,855, while the median home value was estimated at $379,700, slightly below the state unweighted mean of $380,278. These figures serve as a statistical capture of the region's housing landscape for the 2020-2024 period. See ACS table B25071 for the underlying estimate.
Source record
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25064 Median Gross Rent
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25071 GRAPI
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25077 Median Home Value
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25088 Selected Monthly Owner Costs
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25119 Household Income by Tenure
Data version acs5-2020-2024 · Method cost-brief-v1
Cost of Living Advisory: Lower Connecticut River Valley Planning Region
Affordability Verdict
ACS B25071 estimates median gross rent at 29.8% of renter household income in Lower Connecticut River Valley Planning Region, which is below the 30% affordability benchmark. This is a median percentage among renter-occupied units, not the share of households above a threshold.
Rent vs. Own
Median gross rent is $1,454 per month; median selected monthly owner costs are $1,855. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $58,160 in annual gross income would allocate 30% to the county's median gross rent. This is a reproducible illustration, not evidence that a particular household can afford housing.
Regional Context
The Connecticut unweighted mean of county median rents is $1,454 per month. Lower Connecticut River Valley Planning Region's $1,454 median is 0.0% below that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Lower Connecticut River Valley Planning Region
Rent Burden
16.7%
of gross income
Max Housing (28% Rule)
$2,437
per month
Owner Cost Burden
21.3%
of gross income
The median home in Lower Connecticut River Valley Planning Region may be a stretch
Median home value is $379,700. Estimated monthly cost: $3,031 vs. your max of $2,437.
Rent Affordability Guide
Income Needed Calculator
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Based on the 30% rule for rent and 28% rule for housing costs (mortgage + owner costs). Mortgage estimate assumes 20% down, 7.2% interest, 30-year fixed.
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2020-2024). Data is informational only and is not personalized financial advice.
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