What is the average income in Connecticut?

The median household income in Connecticut is approximately $90,213 (2024), ranking 6th among US states. Fairfield County (near NYC) has significantly higher incomes, with some towns exceeding $200,000 median. Hartford metro is around $78,000.

Is Connecticut expensive to live in?

Yes. Connecticut has an overall cost of living index of about 120-125, driven primarily by high housing costs and property taxes. Fairfield County (Greenwich, Stamford) is much more expensive, while Hartford and New Haven are closer to or slightly above the national average.

What are Connecticut taxes like?

Connecticut has a graduated income tax of 3-6.99%, the 3rd highest property taxes in the US (average effective rate 2.15%), and a 6.35% sales tax. The overall tax burden is one of the highest in the country. However, Social Security is exempt from state income tax for most filers.

Living in Connecticut: Income, Housing, Taxes & Cost of Living (2026)

Connecticut at a Glance

Metric	Value	National Rank
Population (2024)	3.6 million	29th
Median household income	$90,213	6th
Median home price	$385,000	Above average
Cost of living index	122	8th highest
State income tax	3-6.99%	Above average
Sales tax	6.35%	Average
Property tax (effective rate)	2.15%	3rd highest

Income in Connecticut

City/Metro Area	Median Household Income	Cost of Living Index
Greenwich/Stamford	$135,000	155
Fairfield	$120,000	140
Danbury	$92,400	128
Hartford	$78,200	108
New Haven	$52,800	112
Bridgeport	$48,400	118
Waterbury	$46,200	102
Norwich/New London	$68,500	108

Housing in Connecticut

City/Area	Median Home Price	Median Rent (2BR)	Price-to-Income
Greenwich	$1,850,000	$3,500	13.7
Stamford	$680,000	$2,800	6.8
Fairfield	$630,000	$2,400	5.3
Hartford (suburbs)	$320,000	$1,550	4.1
New Haven	$280,000	$1,500	5.3
Waterbury	$215,000	$1,200	4.7
Norwich	$265,000	$1,300	3.9
State Average	$385,000	$1,650	4.3

Taxes in Connecticut

Income Tax Brackets

Taxable Income (Single)	Tax Rate
$0 – $10,000	3.0%
$10,001 – $50,000	5.0%
$50,001 – $100,000	5.5%
$100,001 – $200,000	6.0%
$200,001 – $250,000	6.5%
$250,001 – $500,000	6.9%
Over $500,000	6.99%

Total Tax Burden (HIGH)

Gross Income	Federal	CT Income Tax	FICA	Property Tax ($385K)	Total Rate
$75,000	$8,115	$3,478	$5,738	$8,278	34.1%
$100,000	$13,615	$4,978	$7,650	$8,278	34.5%
$150,000	$25,915	$7,978	$10,878	$8,278	35.4%

Connecticut’s 2.15% effective property tax rate is the 3rd highest in the US — on a $385K home, that’s $8,278/year.

Connecticut Pros and Cons

Financial Pros	Financial Cons
6th highest household income	3rd highest property taxes in US
Proximity to NYC job market	Above-average income tax (up to 6.99%)
Strong public schools	High overall cost of living (122 index)
No tax on Social Security (most filers)	Population declining (outmigration)
High-paying finance and insurance jobs	Limited affordable housing options