Constitution State Connecticut is one of the six original New England states. The state’s beautiful coastal cities, famous sites, historical institutions, and art galleries bring in a lot of tourists.
The cities in Connecticut’s metropolitan and coastal regions provide exceptional quality of life, a low crime rate, and access to prestigious educational institutions. However, the cost of living in such metropolitan areas is typically fairly high, making permanent relocation out of reach for many.
Here are the most expensive cities in Connecticut which are listed below.
1. Stamford
Stamford is one of the most renowned urban cities, and is also the most expensive city to live in Connecticut. Stamford has a huge population of 140,000 people.
The average price of homes in Stamford is $541,600, while the median income in the city is just above $96,000. So, the average price of homes is more than four times higher than the median income in Stamford.
2. Norwalk
With a population of 91,000, Norwalk is a lovely city located on the northern shore of Long Island Sound. The average price of houses in Norwalk is $438,900, while the median income is $89,486, making it a very expensive city to permanently reside in. The city has consistently been ranked as one of Connecticut’s most expensive due to its amazing standards of beauty and natural amenities.
3. New Haven
New Haven is one of the most well-known cities in the United States, and perhaps Connecticut’s most famous city. The city is home to Yale University, an Ivy League University founded in 1701.
A coastal city on Long Island Sound, the population of New Haven is slightly above 130,000. The average price of homes in New Haven is $205,110, but the median income is relatively low at $44,507.
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4. Danbury
A peaceful and tranquil city in Connecticut, Danbury is home to over 84,000 residents who get to enjoy the natural amenities the state is known for.
The average price of a home in Danbury is $311,200 and the average income is around $73,200. Despite a relatively high median income, Danbury is still a very expensive city to live in due to the soaring house prices in the city.
5. Ansonia
Ansonia is a small city in Connecticut with a population of just under 20,000 people. The city is a low income city, with a median income of $53,709, and the value of homes on average in Ansonia is 217,800. Despite being such a small city, the incredibly high prices of homes makes Ansonia one of the most expensive cities in Connecticut.
6. Hartford
The capital of Connecticut, Hartford, is one of the oldest cities in the United States and was founded in 1635. The city has a large population of over 122,000 people, and its metro area’s population is well over a million.
The median price of homes in Hartford is $170,200, which is relatively low. However, that is offset by the low median income in the city, which is around $36,154. Additionally, Hartford has the highest income to rent ratio in Connecticut.
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7. Groton
Groton is a small city in Connecticut with a population of around 38,000. The median income in Groton is $51,941 and the median home price is $223,300. So, the median price of homes is more than four times that of the median income, which highlights how expensive a city it is to live in.
However, it is not a very commercialized city, and job market opportunities are not as good as some other cities in Connecticut.
8. New London
New London is another very old city, coastal city in Connecticut that is situated along the Thames River. The city is best-known for its stunning art galleries and maritime museums, and offers a pleasant, tranquil living environment. The median price of a home in New London is $186,900 and the median income in New London is $47,424.
9. Bridgeport
With a population of 150,000, Bridgeport is the most populated city in Connecticut, and the 5th-most populated city among the 6 New England states. It is a massive coastal city in Connecticut that is famous for its natural landscapes and amenities and is known as “Park City”. The median price of a home is $186,000 and the median income is $47,484 in Bridgeport.
10. Middletown
Middletown is a city located in Middlesex County in Connecticut and is situated just 16 miles south of the state’s capital, Hartford. The population of Middletown is around 48,000, and it is also home to one of the leading liberal arts colleges in the United States, Wesleyan University. The average price of a home in Middletown is $234,300 and the median income in the city is $62,022.
By analyzing the housing costs of living in a city with its median income, we can get a clear idea of how expensive a city is to live in, and that is the methodology that has been used to make this list.