Cost of Living in Guilford, CT

Population 22,037 · Connecticut · Data vintage 2023

150
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Guilford is a smaller Connecticut community of around 22000 residents, where median household incomes of $130,036 and housing costs ($491,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape.

Guilford sits roughly 12 miles east of New Haven — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 97% higher than New Haven's $249,000.

Cost Overview

Housing 161
Rent 133

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

About the Cost of Living in Guilford

The median home value in Guilford is $491,300 — 61% above the national median of $305,000. Median rent runs $1,754/month, 33% higher than the national median of $1,314/month. The median household income of $130,036/year is 74% higher than the US median of $74,580. The local unemployment rate is 5.0%, 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%. The climate averages highs of 60.5°F and lows of 43.6°F. Overall, Guilford has a cost of living index of 150 versus the US average of 100, meaning it is 50% more expensive.

🏠 Housing

Median Home Value
$491,300
61% above avg
Median Rent
$1,754/mo
33% above avg
Price-to-Rent Ratio
23.3x
Favors renting
Property Tax Rate
2.1%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$1,421
1 BR
$1,529
2 BR
$1,867
3 BR
$2,319
4 BR
$2,618
Owner-occupied 84.9%
Renter-occupied 15.1%

💰 Estimated Monthly Budget

Rent median rent
$1,754
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,368/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
26.2 min
3% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
19.0%

Commute Mode

Drove alone
73.7%
Carpooled
3.9%
Public transit
0.7%
Walked
1.7%
Bicycle
0.6%
Work from home
19.0%

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
$130,036
74% above avg
Per Capita Income
$70,909
Unemployment Rate
5.0%
4% above avg
Poverty Rate
3.1%
Labor Force Participation
50.1%

🎓 Education

Bachelor's degree+ 28.2%
Graduate degree 29.4%

👥 Demographics

Median Age 50.7
Male median age 49.3
Female median age 51.5

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
60.5°F
Avg Low
43.6°F
Annual Precip
41.8"
20° 38° 55° 73° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 384047586876828175645344
Low °F 232430394959666557463629
Precip" 2.722.843.664.193.543.473.363.554.033.783.123.53

Frequently Asked Questions

What is the cost of living in Guilford, CT?

Guilford has a cost index of 150 (100 = national average). It is 50% above the national average.

What is average rent in Guilford, CT?

The median gross rent in Guilford is $1,754 per month based on 2023 Census data.

What is the average home price in Guilford?

The median home value in Guilford is $491,300 according to 2023 Census ACS data.

What is the median income in Guilford?

The median household income in Guilford is $130,036 per year (2023 ACS 5-year estimates).

What is the sales tax in Guilford, CT?

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

Is Guilford, CT affordable?

Guilford is above average in cost of living, with an index of 150 — about 50% higher than the national average.

What is the weather like in Guilford?

Guilford has average high temperatures of 60.5°F and average lows of 43.6°F. Annual precipitation is 41.8". Data from NOAA 1991–2020 Climate Normals.

Guilford at a Glance

Population
22,037
Median Income
$130,036
Home Value
$491,300
Median Rent
$1,754/mo
Unemployment
5.0%
Avg High Temp
60.5°F
Sales Tax
6.3%
View all cities in Connecticut →
🗺️ County data for Connecticut

Explore county-level cost of living data

Similar Cost Cities

Cities in other states with comparable housing costs