Cost of Living in Goshen, CT

Population 3,181 · Connecticut · Data vintage 2023

130
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Under 25,000 residents gives Goshen a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $435,000.

Geographically, Goshen sits roughly 25 miles northwest of Waterbury. Median home values run roughly 135% higher than Waterbury's $185,000.

Cost Overview

Housing 143
Rent 111

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

About the Cost of Living in Goshen

The median home value in Goshen is $435,300 — 43% above the national median of $305,000. Median rent runs $1,464/month, 11% higher than the national median of $1,314/month. The median household income of $161,354/year is 116% higher than the US median of $74,580. The local unemployment rate is 4.0%, 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 59.5°F and lows of 37.8°F. Overall, Goshen has a cost of living index of 130 versus the US average of 100, meaning it is 30% more expensive.

🏠 Housing

Median Home Value
$435,300
43% above avg
Median Rent
$1,464/mo
11% above avg
Price-to-Rent Ratio
24.8x
Favors renting
Property Tax Rate
2.1%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$1,033
1 BR
$1,219
2 BR
$1,507
3 BR
$1,884
4 BR
$2,152
Owner-occupied 88.0%
Renter-occupied 12.0%

💰 Estimated Monthly Budget

Rent median rent
$1,464
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,078/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
39.3 min
46% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
13.1%

Commute Mode

Drove alone
73.8%
Carpooled
3.8%
Public transit
4.5%
Walked
1.2%
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
$161,354
116% above avg
Per Capita Income
$81,382
Unemployment Rate
4.0%
17% below avg
Poverty Rate
6.4%
Labor Force Participation
58.1%

🎓 Education

Bachelor's degree+ 26.4%
Graduate degree 28.3%

👥 Demographics

Median Age 47.8
Male median age 47.2
Female median age 49.5

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
59.5°F
Avg Low
37.8°F
Annual Precip
45.8"
10° 30° 50° 70° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 353847607078838074625040
Low °F 161826354654595850393123
Precip" 3.313.073.683.493.454.063.784.594.614.203.464.05

Frequently Asked Questions

What is the cost of living in Goshen, CT?

Goshen has a cost index of 130 (100 = national average). It is 30% above the national average.

What is average rent in Goshen, CT?

The median gross rent in Goshen is $1,464 per month based on 2023 Census data.

What is the average home price in Goshen?

The median home value in Goshen is $435,300 according to 2023 Census ACS data.

What is the median income in Goshen?

The median household income in Goshen is $161,354 per year (2023 ACS 5-year estimates).

What is the sales tax in Goshen, CT?

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

Is Goshen, CT affordable?

Goshen is above average in cost of living, with an index of 130 — about 30% higher than the national average.

What is the weather like in Goshen?

Goshen has average high temperatures of 59.5°F and average lows of 37.8°F. Annual precipitation is 45.8". Data from NOAA 1991–2020 Climate Normals.

Goshen at a Glance

Population
3,181
Median Income
$161,354
Home Value
$435,300
Median Rent
$1,464/mo
Unemployment
4.0%
Avg High Temp
59.5°F
Sales Tax
6.3%
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