Storrs, CT

Average · 107

Connecticut · Population 13,502 · Updated March 2026

$1,612
Median Rent / Month
$33,125
Median Income
$304,600
Median Home Value
$1,590
Owner Costs / Month

Affordability

How far your income goes in Storrs

58.4%
Rent-to-Income Ratio
Burdened
Rent takes more than 35% of median income — considered cost-burdened.

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

$19,344
Annual Rent
$2,315
State Income Tax
$6,549
Property Tax (est.)

Cost of Living Overview

Storrs is more expensive than the national average. Higher housing costs are typically the primary driver. With a cost index of 107 (where 100 equals the national median), Storrs residents can expect to pay median rent of $1,612/month while earning a median household income of $33,125/year.

The median home value in Storrs, CT is $304,600, with typical monthly owner costs around $1,590 including mortgage, insurance, and taxes. The 58.4% rent-to-income ratio indicates significant housing cost burden. Residents spend well over a third of their income on rent alone.

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 Storrs.

Frequently Asked Questions

Common questions about living costs in Storrs

What is the cost of living in Storrs, CT?
The cost of living index in Storrs, CT is 107 (US average = 100). Median monthly rent is $1,612, median household income is $33,125/year, and the median home value is $304,600.
Is Storrs, CT affordable?
No, Storrs is more expensive than the national average with a cost index of 107. The rent-to-income ratio is 58.4%—above the 30%% affordability threshold.
What is the average rent in Storrs, CT?
The median gross rent in Storrs, CT is $1,612 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $19,344.
What is the median household income in Storrs?
The median household income in Storrs, CT is $33,125 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%.