Connecticut · Population 132,893 · Updated March 2026
How far your income goes in New Haven
State-level tax rates that affect your costs
New Haven has a cost of living close to the national average, offering a balanced mix of expenses and amenities. With a cost index of 95 (where 100 equals the national median), New Haven residents can expect to pay median rent of $1,442/month while earning a median household income of $53,771/year.
The median home value in New Haven, CT is $249,000, with typical monthly owner costs around $1,520 including mortgage, insurance, and taxes. At 32.2% rent-to-income ratio, residents of New Haven 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 New Haven.
Common questions about living costs in New Haven
Similar-sized cities to compare
Compare the cost of living in New Haven, CT with 299 other major U.S. cities