Cost of Living in Canterbury, CT

Population 5,082 · Connecticut · Data vintage 2023

83
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Canterbury sits on the smaller end of the Connecticut city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible.

Canterbury is about 30 miles west of Providence, the nearest large metro — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 9% lower than Providence's $323,000.

Cost Overview

Housing 97
Rent 62

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Canterbury

The median home value in Canterbury is $294,800 — 3% below the national median of $305,000. Median rent runs $816/month, 38% lower than the national median of $1,314/month. The median household income of $99,487/year is 33% higher than the US median of $74,580. The local unemployment rate is 3.4%, below the national average of 4.8%. Connecticut's top state income tax rate is 7.0% and the combined sales tax is 6.3%. The climate averages highs of 60.2°F and lows of 39.6°F. Overall, Canterbury has a cost of living index of 83 versus the US average of 100, meaning it is 17% less expensive.

🏠 Housing

Median Home Value
$294,800
3% below avg
Median Rent
$816/mo
38% below avg
Price-to-Rent Ratio
30.1x
Favors renting
Property Tax Rate
2.1%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$1,135
1 BR
$1,220
2 BR
$1,600
3 BR
$1,958
4 BR
$2,344
Owner-occupied 87.3%
Renter-occupied 12.7%

💰 Estimated Monthly Budget

Rent median rent
$816
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,430/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
32.5 min
20% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
13.1%

Commute Mode

Drove alone
82.0%
Carpooled
3.1%
Walked
0.9%
Work from home
13.1%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax 7.0%
Total Sales Tax 6.3%
State rate 6.3%
Avg local rate 0.0%
Property Tax 2.1%

💼 Income & Employment

Median Household Income
$99,487
33% above avg
Per Capita Income
$49,552
Unemployment Rate
3.4%
29% below avg
Poverty Rate
5.1%
Labor Force Participation
53.5%

🎓 Education

Bachelor's degree+ 13.1%
Graduate degree 12.8%

👥 Demographics

Median Age 48.3
Male median age 48.4
Female median age 48.1

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
60.2°F
Avg Low
39.6°F
Annual Precip
43.2"
10° 30° 50° 70° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 363947597078838174635241
Low °F 181927374756626052413124
Precip" 3.202.663.953.973.403.872.664.374.113.833.553.68

Frequently Asked Questions

What is the cost of living in Canterbury, CT?

Canterbury has a cost index of 83 (100 = national average). It is 17% below the national average.

What is average rent in Canterbury, CT?

The median gross rent in Canterbury is $816 per month based on 2023 Census data.

What is the average home price in Canterbury?

The median home value in Canterbury is $294,800 according to 2023 Census ACS data.

What is the median income in Canterbury?

The median household income in Canterbury is $99,487 per year (2023 ACS 5-year estimates).

What is the sales tax in Canterbury, CT?

The combined state and local sales tax rate in Canterbury is 6.3%. The Connecticut state income tax top rate is 7.0%.

Is Canterbury, CT affordable?

Yes, Canterbury is generally considered affordable, with a cost of living index of 83 — about 17% below the US national average of 100.

What is the weather like in Canterbury?

Canterbury has average high temperatures of 60.2°F and average lows of 39.6°F. Annual precipitation is 43.2". Data from NOAA 1991–2020 Climate Normals.

Canterbury at a Glance

Population
5,082
Median Income
$99,487
Home Value
$294,800
Median Rent
$816/mo
Unemployment
3.4%
Avg High Temp
60.2°F
Sales Tax
6.3%
View all cities in Connecticut →
🗺️ County data for Connecticut

Explore county-level cost of living data

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