Cost of Living in South Central Connecticut Planning Region, Connecticut

$1,463/mo
Median Monthly Rent
$328,300
Median Home Value
4% above state averageUnaffordable

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

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.

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%

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