Cost of Living in Collinsville, CT

Population 4,001 · Connecticut · Data vintage 2023

119
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Collinsville is a smaller Connecticut community of around 4000 residents, where median household incomes of $104,808 and housing costs ($377,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape. The labor market has been unusually tight, with unemployment around 2.5% — below most comparable cities in the state.

Located 13 miles west of Hartford, Collinsville falls within that metro's commuting orbit. Median home values run roughly 73% higher than Hartford's $217,000.

Cost Overview

Housing 124
Rent 112

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

About the Cost of Living in Collinsville

The median home value in Collinsville is $376,800 — 24% above the national median of $305,000. Median rent runs $1,472/month, 12% higher than the national median of $1,314/month. The median household income of $104,808/year is 41% higher than the US median of $74,580. The local unemployment rate is 2.5%, 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%. Overall, Collinsville has a cost of living index of 119 versus the US average of 100, meaning it is 19% more expensive.

🏠 Housing

Median Home Value
$376,800
24% above avg
Median Rent
$1,472/mo
12% above avg
Price-to-Rent Ratio
21.3x
Favors renting
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 75.9%
Renter-occupied 24.1%

💰 Estimated Monthly Budget

Rent median rent
$1,472
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,086/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
30.6 min
13% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
28.1%

Commute Mode

Drove alone
65.3%
Carpooled
4.0%
Walked
2.6%
Work from home
28.1%

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
$104,808
41% above avg
Per Capita Income
$76,906
Unemployment Rate
2.5%
49% below avg
Poverty Rate
6.6%
Labor Force Participation
59.5%

🎓 Education

Bachelor's degree+ 30.3%
Graduate degree 33.8%

👥 Demographics

Median Age 46.1
Male median age 41.1
Female median age 50.3

Frequently Asked Questions

What is the cost of living in Collinsville, CT?

Collinsville has a cost index of 119 (100 = national average). It is 19% above the national average.

What is average rent in Collinsville, CT?

The median gross rent in Collinsville is $1,472 per month based on 2023 Census data.

What is the average home price in Collinsville?

The median home value in Collinsville is $376,800 according to 2023 Census ACS data.

What is the median income in Collinsville?

The median household income in Collinsville is $104,808 per year (2023 ACS 5-year estimates).

What is the sales tax in Collinsville, CT?

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

Is Collinsville, CT affordable?

Collinsville is above average in cost of living, with an index of 119 — about 19% higher than the national average.

Collinsville at a Glance

Population
4,001
Median Income
$104,808
Home Value
$376,800
Median Rent
$1,472/mo
Unemployment
2.5%
Sales Tax
6.3%
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🗺️ County data for Connecticut

Explore county-level cost of living data

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