Cost of Living in Northeastern Connecticut Planning Region, Connecticut
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Northeastern Connecticut Planning Region Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Northeastern Connecticut Planning Region ranks #1,242 of 3,144 counties for affordability (top 40%)
Data Story
About Cost of Living in Northeastern Connecticut Planning Region, Connecticut
Northeast Connecticut: best affordability ratio
Northeastern Connecticut claims the state's lowest rent-to-income ratio at just 15.8%, beating both Connecticut's 18.1% average and the national affordability standard by comfortable margins. With median income of $87,564 paired with affordable rents, this region delivers the state's strongest housing value proposition.
Connecticut's most affordable region
Northeastern Connecticut ranks first statewide for housing affordability, with a 15.8% rent-to-income ratio that beats every other region by at least one percentage point. Its $1,153 monthly rent is the second-lowest across Connecticut, unlocking genuine savings for renters.
Eastern Connecticut's rent-saving champion
Northeastern Connecticut's $1,153 rent undercuts Southeastern Connecticut ($1,316) by $163 monthly and ties with similar northeastern locations, making it the clear savings leader in the eastern half of the state. This $163 monthly advantage equals nearly $2,000 in annual savings.
Lowest housing-income ratio statewide
A Northeastern Connecticut household earning $87,564 allocates just $13,840 annually to rent (15.8%) or $19,284 to mortgage costs on a median home valued at $281,300. This leaves substantially more income available for savings, healthcare, education, and other necessities.
Unbeatable value for budget movers
Northeastern Connecticut offers Connecticut's most favorable rent-to-income ratio (15.8%), making it an exceptional choice for cost-conscious relocators seeking affordability without sacrificing income potential. Compared to pricier regions like Greater Bridgeport or South Central, you'll save thousands annually while maintaining financial stability.
Cost of Living Advisory: Northeastern Connecticut Planning Region
Affordability Verdict
Northeastern Connecticut Planning Region is affordable for renters, with a median gross rent of $1,153/month representing approximately 15.8% of median household income. The rent burden (GRAPI) stands at 27.0%.
Rent vs. Own
Renters in Northeastern Connecticut Planning Region pay $1,153/month on average, compared to $1,607/month for homeowners. This market favors renters by about 28%.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $46,120/year. For owner costs at the 28% rule, the required income is roughly $68,871/year. With a median household income of $87,564, most households can comfortably afford rent here. Notably, 27.0% of renter households in Northeastern Connecticut Planning Region are cost-burdened, spending more than 30% of income on housing.
Regional Context
Northeastern Connecticut Planning Region sits 10% less expensive than Naugatuck Valley Planning Region ($1,288/month) in terms of median gross rent.
Affordability Calculator
See how your income compares to housing costs in Northeastern Connecticut Planning Region
Rent Burden
15.8%
of gross income
Max Housing (28% Rule)
$2,043
per month
Owner Cost Burden
22.0%
of gross income
The median home in Northeastern Connecticut Planning Region may be a stretch
Median home value is $281,300. Estimated monthly cost: $2,246 vs. your max of $2,043.
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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