Middletown, CT

Average · 97

Connecticut · Population 47,646 · Updated March 2026

$1,392
Median Rent / Month
$73,979
Median Income
$279,500
Median Home Value
$1,512
Owner Costs / Month

Affordability

How far your income goes in Middletown

22.6%
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

$16,704
Annual Rent
$5,171
State Income Tax
$6,009
Property Tax (est.)

Cost of Living Overview

Middletown has a cost of living close to the national average, offering a balanced mix of expenses and amenities. With a cost index of 97 (where 100 equals the national median), Middletown residents can expect to pay median rent of $1,392/month while earning a median household income of $73,979/year.

The median home value in Middletown, CT is $279,500, with typical monthly owner costs around $1,512 including mortgage, insurance, and taxes. The median rent-to-income ratio of 22.6% 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 Middletown.

Frequently Asked Questions

Common questions about living costs in Middletown

What is the cost of living in Middletown, CT?
The cost of living index in Middletown, CT is 97 (US average = 100). Median monthly rent is $1,392, median household income is $73,979/year, and the median home value is $279,500.
Is Middletown, CT affordable?
Yes, Middletown is more affordable than the national average with a cost index of 97. The rent-to-income ratio is 22.6%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Middletown, CT?
The median gross rent in Middletown, CT is $1,392 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $16,704.
What is the median household income in Middletown?
The median household income in Middletown, CT is $73,979 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%.