Newington, CT

Average · 102

Connecticut · Population 30,551 · Updated March 2026

$1,487
Median Rent / Month
$98,585
Median Income
$279,900
Median Home Value
$1,621
Owner Costs / Month

Affordability

How far your income goes in Newington

18.1%
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

$17,844
Annual Rent
$6,891
State Income Tax
$6,018
Property Tax (est.)

Cost of Living Overview

Newington has a cost of living close to the national average, offering a balanced mix of expenses and amenities. With a cost index of 102 (where 100 equals the national median), Newington residents can expect to pay median rent of $1,487/month while earning a median household income of $98,585/year.

The median home value in Newington, CT is $279,900, with typical monthly owner costs around $1,621 including mortgage, insurance, and taxes. The median rent-to-income ratio of 18.1% 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 Newington.

Frequently Asked Questions

Common questions about living costs in Newington

What is the cost of living in Newington, CT?
The cost of living index in Newington, CT is 102 (US average = 100). Median monthly rent is $1,487, median household income is $98,585/year, and the median home value is $279,900.
Is Newington, CT affordable?
No, Newington is more expensive than the national average with a cost index of 102. The rent-to-income ratio is 18.1%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Newington, CT?
The median gross rent in Newington, CT is $1,487 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $17,844.
What is the median household income in Newington?
The median household income in Newington, CT is $98,585 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%.