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Connecticut

Learn about the people, housing, costs and businesses across Connecticut

Median Home$416,530
Median Rent$1,677/month
Population3,624,508
Leading IndustriesPublic Administration · Professional Services · Arts, Food & Hospitality27% public administration
Home Value Growth⬆⬆+20.6% over 2 years
Retirees19% of residentsslightly above average
Homeowners66% of occupied units
NotableAmenity Score72/100 · highly walkable area
NotableHigh Incomes$109k/year · top 8% nationally
Connecticut

Frequently Asked Questions

What are today's mortgage rates in Connecticut?

As of today, the 30-year fixed mortgage rate for Connecticut is approximately 6.849% (6.902% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Connecticut?

The median home value in Connecticut is $417k. The median monthly rent is $1,677. Annual property taxes average $7k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Connecticut?

Home values in Connecticut have increased 20.6% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Connecticut?

Based on a typical all-in ownership cost of $1,912/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $82k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Connecticut is $109k/year.

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What industries drive the economy in Connecticut?

The largest employment sectors in Connecticut are public administration (27%) and healthcare (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.