Hartford, CT

Below Avg · 81

Connecticut · Population 119,970 · Updated March 2026

$1,221
Median Rent / Month
$45,300
Median Income
$217,200
Median Home Value
$1,279
Owner Costs / Month

Affordability

How far your income goes in Hartford

32.3%
Rent-to-Income Ratio
Moderate
Rent takes 25-35% of median income — moderate affordability.

Tax Burden in Connecticut

State-level tax rates that affect your costs

6.99%
Income Tax (Top Rate)
6.35%
Sales Tax
2.15%
Property Tax Rate

Estimated Annual Costs

$14,652
Annual Rent
$3,166
State Income Tax
$4,670
Property Tax (est.)

Cost of Living Overview

Hartford is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 81 (where 100 equals the national median), Hartford residents can expect to pay median rent of $1,221/month while earning a median household income of $45,300/year.

The median home value in Hartford, CT is $217,200, with typical monthly owner costs around $1,279 including mortgage, insurance, and taxes. At 32.3% rent-to-income ratio, residents of Hartford are spending more than the recommended 30% of income on housing, indicating moderate cost burden.

Connecticut has a moderate income tax rate of 6.99%. Combined with a 6.35% sales tax rate and 2.15% effective property tax rate, the overall tax environment is a factor in the total cost of living in Hartford.

Frequently Asked Questions

Common questions about living costs in Hartford

What is the cost of living in Hartford, CT?
The cost of living index in Hartford, CT is 81 (US average = 100). Median monthly rent is $1,221, median household income is $45,300/year, and the median home value is $217,200.
Is Hartford, CT affordable?
Yes, Hartford is more affordable than the national average with a cost index of 81. The rent-to-income ratio is 32.3%—above the 30%% affordability threshold.
What is the average rent in Hartford, CT?
The median gross rent in Hartford, CT is $1,221 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $14,652.
What is the median household income in Hartford?
The median household income in Hartford, CT is $45,300 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Connecticut?
Connecticut has a top income tax rate of 6.99%, a sales tax of 6.35%, and an effective property tax rate of 2.15%.

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