Cost of Living in Granby, CT

Population 11,020 · Connecticut · Data vintage 2023

112
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Granby sits on the smaller end of the Connecticut city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible.

Granby sits roughly 15 miles northwest of Hartford — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 67% higher than Hartford's $217,000.

Cost Overview

Housing 119
Rent 101

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

About the Cost of Living in Granby

The median home value in Granby is $363,300 — 19% above the national median of $305,000. Median rent runs $1,327/month, 1% higher than the national median of $1,314/month. The median household income of $117,476/year is 58% higher than the US median of $74,580. The local unemployment rate is 3.4%, 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 61.1°F and lows of 40.9°F, with about 51.7" of annual snowfall. Overall, Granby has a cost of living index of 112 versus the US average of 100, meaning it is 12% more expensive.

🏠 Housing

Median Home Value
$363,300
19% above avg
Median Rent
$1,327/mo
1% above avg
Price-to-Rent Ratio
22.8x
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 92.5%
Renter-occupied 7.5%

💰 Estimated Monthly Budget

Rent median rent
$1,327
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,941/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
26.4 min
2% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
26.8%

Commute Mode

Drove alone
68.0%
Carpooled
3.4%
Public transit
1.0%
Walked
0.2%
Work from home
26.8%

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
$117,476
58% above avg
Per Capita Income
$63,069
Unemployment Rate
3.4%
30% below avg
Poverty Rate
2.8%
Labor Force Participation
55.1%

🎓 Education

Bachelor's degree+ 34.5%
Graduate degree 22.2%

👥 Demographics

Median Age 44.9
Male median age 45
Female median age 43.9

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
61.1°F
Avg Low
40.9°F
Annual Precip
47"
Annual Snowfall
51.7"
10° 30° 50° 70° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 353947617280858376645241
Low °F 192128384858636254423325
Precip" 3.283.133.813.883.794.284.174.214.394.523.514.08
Snow" 14.214.89.41.10.00.00.00.00.00.71.410.1

Frequently Asked Questions

What is the cost of living in Granby, CT?

Granby has a cost index of 112 (100 = national average). It is 12% above the national average.

What is average rent in Granby, CT?

The median gross rent in Granby is $1,327 per month based on 2023 Census data.

What is the average home price in Granby?

The median home value in Granby is $363,300 according to 2023 Census ACS data.

What is the median income in Granby?

The median household income in Granby is $117,476 per year (2023 ACS 5-year estimates).

What is the sales tax in Granby, CT?

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

Is Granby, CT affordable?

Granby is above average in cost of living, with an index of 112 — about 12% higher than the national average.

What is the weather like in Granby?

Granby has average high temperatures of 61.1°F and average lows of 40.9°F. Annual precipitation is 47". Average annual snowfall is 51.7". Data from NOAA 1991–2020 Climate Normals.

Granby at a Glance

Population
11,020
Median Income
$117,476
Home Value
$363,300
Median Rent
$1,327/mo
Unemployment
3.4%
Avg High Temp
61.1°F
Sales Tax
6.3%
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🗺️ County data for Connecticut

Explore county-level cost of living data

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