Meriden, CT

Below Avg · 84

Connecticut · Population 60,418 · Updated March 2026

$1,243
Median Rent / Month
$68,617
Median Income
$221,600
Median Home Value
$1,394
Owner Costs / Month

Affordability

How far your income goes in Meriden

21.7%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

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

$14,916
Annual Rent
$4,796
State Income Tax
$4,764
Property Tax (est.)

Cost of Living Overview

Meriden is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 84 (where 100 equals the national median), Meriden residents can expect to pay median rent of $1,243/month while earning a median household income of $68,617/year.

The median home value in Meriden, CT is $221,600, with typical monthly owner costs around $1,394 including mortgage, insurance, and taxes. The median rent-to-income ratio of 21.7% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

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 Meriden.

Frequently Asked Questions

Common questions about living costs in Meriden

What is the cost of living in Meriden, CT?
The cost of living index in Meriden, CT is 84 (US average = 100). Median monthly rent is $1,243, median household income is $68,617/year, and the median home value is $221,600.
Is Meriden, CT affordable?
Yes, Meriden is more affordable than the national average with a cost index of 84. The rent-to-income ratio is 21.7%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Meriden, CT?
The median gross rent in Meriden, CT is $1,243 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $14,916.
What is the median household income in Meriden?
The median household income in Meriden, CT is $68,617 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%.