Cost of Living in South Central Connecticut Planning Region, Connecticut

$1,463/mo
Median Monthly Rent
$328,300
Median Home Value

At a Glance

Median Monthly Rent
$1,463/mo
4% above state average
Median Home Value
$328,300
16% above national
Rent-to-Income Ratio
31.0%
% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating
Unaffordable
Rent over 50% of income

How South Central Connecticut Planning Region Compares

Median monthly rent comparison

South Central Connecticut Planning Region$1,463/mo
Connecticut Average$1,409/mo
National Median$1,163/mo

Detailed Housing Stats

$1,463/mo
Median Gross Rent
$328,300
Median Home Value
$1,896/mo
Monthly Owner Cost
31.0%
Rent-to-Income Ratio

National Ranking

Affordability Rank

South Central Connecticut Planning Region ranks #3,088 of 3,144 counties for affordability (bottom 2%)

Most AffordableLeast Affordable

Data Story

About Cost of Living in South Central Connecticut Planning Region, Connecticut

South Central bears high housing burden

South Central Connecticut's 20.4% rent-to-income ratio ties with Greater Bridgeport as the state's highest, exceeding the national affordability standard and creating genuine cost pressure on renters. Though median income of $86,266 exceeds the national median, it's insufficient to offset the region's elevated housing costs.

Connecticut's costliest rental region

South Central ties Greater Bridgeport at a 20.4% rent-to-income ratio, the worst affordability in Connecticut and well above the state average of 18.1%. At $1,463 monthly rent, South Central ranks among the state's priciest, creating affordability challenges for renters.

Premium pricing in central corridor

South Central's $1,463 rent slightly undercuts Greater Bridgeport's $1,482 but significantly exceeds the Capitol Region ($1,351) and Naugatuck Valley ($1,288) to its west. This makes South Central the second-priciest region in west-central Connecticut.

Housing costs squeeze household budgets

A South Central household earning $86,266 spends approximately $17,600 annually on rent (20.4%) or $22,752 on mortgage costs for a median home valued at $328,300. Combined with higher regional costs, housing consumes a larger-than-ideal share of typical household income.

Premium market for urban living

South Central Connecticut commands top-tier prices for urban amenities and proximity, making it best suited for higher-earning relocators willing to prioritize location over cost efficiency. Budget-conscious movers should compare it against neighboring Naugatuck Valley or Capitol Region for 10-15% housing cost savings.

Cost of Living Advisory: South Central Connecticut Planning Region

Affordability Verdict

South Central Connecticut Planning Region is affordable for renters, with a median gross rent of $1,463/month representing approximately 20.4% of median household income. The rent burden (GRAPI) stands at 31.0%.

Rent vs. Own

Renters in South Central Connecticut Planning Region pay $1,463/month on average, compared to $1,896/month for homeowners. This market favors renters by about 23%.

Income Needed

To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $58,520/year. For owner costs at the 28% rule, the required income is roughly $81,257/year. With a median household income of $86,266, most households can comfortably afford rent here. Notably, 31.0% of renter households in South Central Connecticut Planning Region are cost-burdened, spending more than 30% of income on housing.

Regional Context

Within Connecticut, South Central Connecticut Planning Region is more affordable than Lower Connecticut River Valley Planning Region by roughly 5% ($1,463/mo vs $1,399/mo).

Affordability Calculator

See how your income compares to housing costs in South Central Connecticut Planning Region

$

Rent Burden

20.4%

of gross income

Max Housing (28% Rule)

$2,013

per month

Owner Cost Burden

26.4%

of gross income

The median home in South Central Connecticut Planning Region may be a stretch

Median home value is $328,300. Estimated monthly cost: $2,621 vs. your max of $2,013.

Rent Affordability Guide

Your rent-to-income ratio20.4%
Recommended max30.0%

Income Needed Calculator

See how much you need to earn to comfortably afford housing

$
Rent Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $86,266Needed: $58,520
Owner Cost Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $86,266Needed: $81,257
Mortgage Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $86,266Needed: $76,404

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

What is the cost of living in South Central Connecticut Planning Region, Connecticut?
South Central Connecticut Planning Region, Connecticut has a median monthly rent of $1,463/mo and a median home value of $328,300. The affordability rating is Unaffordable, with rent making up approximately 31.0% of median household income.
What is the median rent in South Central Connecticut Planning Region?
The median gross rent in South Central Connecticut Planning Region is $1,463/mo. This is 4% above state average for Connecticut.
Is South Central Connecticut Planning Region affordable?
South Central Connecticut Planning Region is rated Unaffordable based on rent-to-income ratio of 31.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does South Central Connecticut Planning Region's rent compare to the state average?
South Central Connecticut Planning Region's median rent of $1,463/mo is 4% above state average of $1,409/mo for Connecticut.
What is the median home value in South Central Connecticut Planning Region?
The median home value in South Central Connecticut Planning Region, Connecticut is $328,300. This is 16% above the national median home value of $281,900.

Counties with Similar Housing Costs

Sponsored

Planning a Move?

Researching the cost of living in South Central Connecticut Planning Region, Connecticut? Compare moving quotes from top providers and save on your relocation.

Compare Moving Quotes
Sponsored

Compare Mortgage Rates in South Central Connecticut Planning Region

Whether you're buying your first home or refinancing, compare rates from top lenders to find the best deal.

See Today's Rates
By Logan Johnson, Founder & Data EditorUpdated Reviewed by Logan Johnson, Founder & Data Editor

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.

CostByCounty participates in affiliate programs. We may earn a commission when you use our links, at no extra cost to you.