Cost of Living in Coleytown, CT

Population 3,479 · Connecticut · Data vintage 2023

496
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Coleytown's housing market is in a category of its own — median home values around $1.5 million sit roughly 5 times the US figure, reflecting a market driven as much by second-home and resort buyers as by year-round residents. At 6.6%, the local unemployment rate runs well above the US figure, pointing to structural rather than cyclical labor-market issues.

Geographically, Coleytown sits roughly 8 miles west of Bridgeport. Median home values run roughly 500% higher than Bridgeport's $252,000.

Cost Overview

Housing 496

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

About the Cost of Living in Coleytown

The median home value in Coleytown is $1,513,400 — 396% above the national median of $305,000. The median household income of $250,001/year is 235% higher than the US median of $74,580. The local unemployment rate is 6.6%, above the national average of 4.8%. Connecticut's top state income tax rate is 7.0% and the combined sales tax is 6.3%. Overall, Coleytown has a cost of living index of 496 versus the US average of 100, meaning it is 396% more expensive.

🏠 Housing

Median Home Value
$1,513,400
396% above avg
Property Tax Rate
2.1%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$1,133
1 BR
$1,306
2 BR
$1,653
3 BR
$1,992
4 BR
$2,363
Owner-occupied 95.0%
Renter-occupied 5.0%

🛒 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
44.7 min
66% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
41.1%

Commute Mode

Drove alone
39.5%
Carpooled
4.3%
Public transit
9.8%
Walked
0.1%
Work from home
41.1%

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
$250,001
235% above avg
Per Capita Income
$132,188
Unemployment Rate
6.6%
38% above avg
Poverty Rate
2.8%
Labor Force Participation
64.0%

🎓 Education

Bachelor's degree+ 44.5%
Graduate degree 34.6%

👥 Demographics

Median Age 46
Male median age 50.4
Female median age 42.4

Frequently Asked Questions

What is the cost of living in Coleytown, CT?

Coleytown has a cost index of 496 (100 = national average). It is 396% above the national average.

What is the average home price in Coleytown?

The median home value in Coleytown is $1,513,400 according to 2023 Census ACS data.

What is the median income in Coleytown?

The median household income in Coleytown is $250,001 per year (2023 ACS 5-year estimates).

What is the sales tax in Coleytown, CT?

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

Is Coleytown, CT affordable?

Coleytown is above average in cost of living, with an index of 496 — about 396% higher than the national average.