Cost of Living in Cromwell, CT

Population 14,301 · Connecticut · Data vintage 2023

108
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Cromwell is a smaller Connecticut community of around 14000 residents, where median household incomes of $104,458 and housing costs ($311,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape.

Geographically, Cromwell sits roughly 10 miles south of Hartford. Median home values run roughly 43% higher than Hartford's $217,000.

Cost Overview

Housing 102
Rent 117

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

About the Cost of Living in Cromwell

The median home value in Cromwell is $311,300 — 2% above the national median of $305,000. Median rent runs $1,536/month, 17% higher than the national median of $1,314/month. The median household income of $104,458/year is 40% higher than the US median of $74,580. The local unemployment rate is 3.1%, 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 61.0°F and lows of 40.4°F. Overall, Cromwell has a cost of living index of 108 versus the US average of 100, meaning it is 8% more expensive.

🏠 Housing

Median Home Value
$311,300
2% above avg
Median Rent
$1,536/mo
17% above avg
Price-to-Rent Ratio
16.9x
Favors buying
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 80.3%
Renter-occupied 19.7%

💰 Estimated Monthly Budget

Rent median rent
$1,536
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,150/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
23.5 min
13% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
16.7%

Commute Mode

Drove alone
72.0%
Carpooled
7.9%
Public transit
0.1%
Walked
1.0%
Bicycle
1.3%
Work from home
16.7%

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
$104,458
40% above avg
Per Capita Income
$58,363
Unemployment Rate
3.1%
36% below avg
Poverty Rate
6.4%
Labor Force Participation
51.5%

🎓 Education

Bachelor's degree+ 22.9%
Graduate degree 22.7%

👥 Demographics

Median Age 44.3
Male median age 42.5
Female median age 45.9

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
61.0°F
Avg Low
40.4°F
Annual Precip
44.9"
10° 30° 50° 70° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 373948607079848275645242
Low °F 192028384857636154423225
Precip" 3.052.934.054.133.484.053.383.544.284.493.364.12

Frequently Asked Questions

What is the cost of living in Cromwell, CT?

Cromwell has a cost index of 108 (100 = national average). It is 8% above the national average.

What is average rent in Cromwell, CT?

The median gross rent in Cromwell is $1,536 per month based on 2023 Census data.

What is the average home price in Cromwell?

The median home value in Cromwell is $311,300 according to 2023 Census ACS data.

What is the median income in Cromwell?

The median household income in Cromwell is $104,458 per year (2023 ACS 5-year estimates).

What is the sales tax in Cromwell, CT?

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

Is Cromwell, CT affordable?

Cromwell is near the national average in terms of cost of living, with an index of 108 (100 = US average).

What is the weather like in Cromwell?

Cromwell has average high temperatures of 61.0°F and average lows of 40.4°F. Annual precipitation is 44.9". Data from NOAA 1991–2020 Climate Normals.

Cromwell at a Glance

Population
14,301
Median Income
$104,458
Home Value
$311,300
Median Rent
$1,536/mo
Unemployment
3.1%
Avg High Temp
61.0°F
Sales Tax
6.3%
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