Cost of Living in Cos Cob, CT

Population 7,354 · Connecticut · Data vintage 2023

304
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Home prices in Cos Cob run well above the national baseline, with a median of $1.1 million, though local incomes keep the cost-to-earnings ratio tighter than in coastal metros with comparable sticker prices. Median household earnings of $176,602 place the city among the better-paid Connecticut metros. Unemployment has stayed elevated relative to the national figure — 6.1% as of the most recent ACS release — which shows up in household-income and poverty figures as well.

Located <5 miles southwest of Stamford, Cos Cob falls within that metro's commuting orbit. Median home values run roughly 87% higher than Stamford's $614,000.

Cost Overview

Housing 377
Rent 196

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

About the Cost of Living in Cos Cob

The median home value in Cos Cob is $1,149,500 — 277% above the national median of $305,000. Median rent runs $2,574/month, 96% higher than the national median of $1,314/month. The median household income of $176,602/year is 137% higher than the US median of $74,580. The local unemployment rate is 6.1%, 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, Cos Cob has a cost of living index of 304 versus the US average of 100, meaning it is 204% more expensive.

🏠 Housing

Median Home Value
$1,149,500
277% above avg
Median Rent
$2,574/mo
96% above avg
Price-to-Rent Ratio
37.2x
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 65.4%
Renter-occupied 34.6%

💰 Estimated Monthly Budget

Rent median rent
$2,574
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $3,188/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
31.7 min
17% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
27.9%

Commute Mode

Drove alone
54.8%
Carpooled
4.9%
Public transit
9.0%
Walked
1.9%
Work from home
27.9%

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
$176,602
137% above avg
Per Capita Income
$99,232
Unemployment Rate
6.1%
26% above avg
Poverty Rate
5.5%
Labor Force Participation
72.3%

🎓 Education

Bachelor's degree+ 33.4%
Graduate degree 36.9%

👥 Demographics

Median Age 39.3
Male median age 40
Female median age 37.6

Frequently Asked Questions

What is the cost of living in Cos Cob, CT?

Cos Cob has a cost index of 304 (100 = national average). It is 204% above the national average.

What is average rent in Cos Cob, CT?

The median gross rent in Cos Cob is $2,574 per month based on 2023 Census data.

What is the average home price in Cos Cob?

The median home value in Cos Cob is $1,149,500 according to 2023 Census ACS data.

What is the median income in Cos Cob?

The median household income in Cos Cob is $176,602 per year (2023 ACS 5-year estimates).

What is the sales tax in Cos Cob, CT?

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

Is Cos Cob, CT affordable?

Cos Cob is above average in cost of living, with an index of 304 — about 204% higher than the national average.