Cost of Living in New Haven, Connecticut
In New Haven, the median household income is $56,851 and the median gross rent is $1,488/mo, with a median home value of $287,100. Source: Census Bureau ACS, 2020-2024 estimates.
- Median household income
- $56,851
- Median gross rent
- $1,488/mo
- Median home value
- $287,100
- Population
- 134,349
How New Haven compares to the Connecticut average
| Measure | New Haven, CT | Connecticut statewide | Difference |
|---|---|---|---|
| Median household income | $56,851 | $95,781 | -40.6% |
| Median gross rent (monthly) | $1,488 | $1,488 | +0.0% |
| Median home value | $287,100 | $366,900 | -21.7% |
Statewide, Connecticut prices average 103.6 on the BEA Regional Price Parity index (2024), where the U.S. average is 100.
Housing affordability in New Haven
- Salary needed for median rent
- $59,520
- Rent burden at median income
- 31.4%
- Est. affordable home price
- $207,389
So that $1,488/mo is 30% of gross income
Share of the median household income spent on median rent (30%+ = cost-burdened)
At median income, 6.67% 30-yr rate (FRED, 2026-08), 20% down, 28% front-end DTI
The median home value in New Haven is $287,100 — +38.4% above what the median household income supports under these assumptions.
Estimates from documented formulas — see methodology. Not financial advice.
Cost of living in other Connecticut cities
About this data
- American Community Survey 5-Year Estimates — data period 2020-2024, retrieved August 13, 2026.
- Regional Price Parities — data period 2024, retrieved August 13, 2026.
- Federal Reserve Economic Data — data period 2026-08, retrieved August 13, 2026.
Figures are shown exactly as published by the source or derived by the documented formulas on our methodology page. Where a source suppresses an estimate, we show “—” rather than a substitute value.