Cost of Living in Naugatuck Valley Planning Region, Connecticut
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Naugatuck Valley Planning Region Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Naugatuck Valley Planning Region ranks #2,967 of 3,144 counties for affordability (bottom 6%)
Data Story
About Cost of Living in Naugatuck Valley Planning Region, Connecticut
Valley rents strain income slightly
Naugatuck Valley's 17.9% rent-to-income ratio sits just below Connecticut's state average of 18.1% and remains well within affordability at the national level. With median income of $86,365—above the national median of $74,755—residents here enjoy relative stability, though less cushion than wealthier Connecticut regions.
Moderate affordability in state rankings
Naugatuck Valley ranks in Connecticut's middle tier for housing affordability, with a 17.9% rent-to-income ratio just shy of the state average. Its $1,288 median rent is the lowest among all eight regions, offering budget-conscious renters meaningful savings.
Cheapest rents in west-central region
At $1,288 per month, Naugatuck Valley undercuts the Greater Bridgeport region ($1,482) and Capitol Region ($1,351) by substantial margins—$194 and $63 monthly, respectively. This cost advantage makes it the most rent-friendly option in the west-central corridor.
Budget-friendly housing market
A Naugatuck Valley household earning $86,365 spends approximately $15,431 annually on rent (17.9%) or $20,772 on mortgage costs for a median home valued at $290,800. The lowest rents statewide, combined with moderate incomes, create genuine affordability for working families.
Best rent value in Connecticut
Relocating renters should seriously consider Naugatuck Valley: it offers the state's lowest median rent ($1,288) paired with reasonable incomes and a balanced housing-to-income ratio. Your monthly rent savings compared to nearby Bridgeport ($194) or Capitol Region ($63) add up to real money over a year.
Cost of Living Advisory: Naugatuck Valley Planning Region
Affordability Verdict
For renters in Naugatuck Valley Planning Region, the market is affordable. Expect to pay around $1,288/month in gross rent, with 31.0% of renter households considered cost-burdened.
Rent vs. Own
The median rent in Naugatuck Valley Planning Region is $1,288/month, while owner costs run $1,731/month. Renting saves approximately $443/month.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $51,520/year. For owner costs at the 28% rule, the required income is roughly $74,186/year. With a median household income of $86,365, most households can comfortably afford rent here. Notably, 31.0% of renter households in Naugatuck Valley Planning Region are cost-burdened, spending more than 30% of income on housing.
Regional Context
Within Connecticut, Naugatuck Valley Planning Region is less affordable than Capitol Planning Region by roughly 5% ($1,288/mo vs $1,351/mo).
Affordability Calculator
See how your income compares to housing costs in Naugatuck Valley Planning Region
Rent Burden
17.9%
of gross income
Max Housing (28% Rule)
$2,015
per month
Owner Cost Burden
24.1%
of gross income
The median home in Naugatuck Valley Planning Region may be a stretch
Median home value is $290,800. Estimated monthly cost: $2,322 vs. your max of $2,015.
Rent Affordability Guide
Income Needed Calculator
See how much you need to earn to comfortably afford housing
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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 (2019-2023) — Informational only. Not financial or legal advice.
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