Connecticut · Population 135,806 · Updated March 2026
How far your income goes in Stamford
State-level tax rates that affect your costs
Stamford has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 172 (where 100 equals the national median), Stamford residents can expect to pay median rent of $2,207/month while earning a median household income of $107,474/year.
The median home value in Stamford, CT is $614,300, with typical monthly owner costs around $2,358 including mortgage, insurance, and taxes. The median rent-to-income ratio of 24.6% 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 Stamford.
Common questions about living costs in Stamford
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