Cost of Living in Hazardville, CT

Population 6,482 · Connecticut · Data vintage 2023

88
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Hazardville 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.

Hazardville sits roughly 9 miles south of Springfield — close enough that regional housing and labor patterns are shaped largely by the larger market. Housing prices track closely with Springfield's $223,000 median.

Cost Overview

Housing 76
Rent 107

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

About the Cost of Living in Hazardville

The median home value in Hazardville is $230,400 — 24% below the national median of $305,000. Median rent runs $1,407/month, 7% higher than the national median of $1,314/month. The median household income of $96,531/year is 29% higher than the US median of $74,580. The local unemployment rate is 4.7%, 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%. Overall, Hazardville has a cost of living index of 88 versus the US average of 100, meaning it is 12% less expensive.

🏠 Housing

Median Home Value
$230,400
24% below avg
Median Rent
$1,407/mo
7% above avg
Price-to-Rent Ratio
13.6x
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 86.4%
Renter-occupied 13.6%

💰 Estimated Monthly Budget

Rent median rent
$1,407
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,021/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
25.6 min
5% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
9.1%

Commute Mode

Drove alone
81.2%
Carpooled
8.7%
Public transit
0.2%
Walked
0.5%
Work from home
9.1%

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
$96,531
29% above avg
Per Capita Income
$49,433
Unemployment Rate
4.7%
3% below avg
Poverty Rate
6.1%
Labor Force Participation
64.8%

🎓 Education

Bachelor's degree+ 21.4%
Graduate degree 6.9%

👥 Demographics

Median Age 44.6
Male median age 41.8
Female median age 48.5

Frequently Asked Questions

What is the cost of living in Hazardville, CT?

Hazardville has a cost index of 88 (100 = national average). It is 12% below the national average.

What is average rent in Hazardville, CT?

The median gross rent in Hazardville is $1,407 per month based on 2023 Census data.

What is the average home price in Hazardville?

The median home value in Hazardville is $230,400 according to 2023 Census ACS data.

What is the median income in Hazardville?

The median household income in Hazardville is $96,531 per year (2023 ACS 5-year estimates).

What is the sales tax in Hazardville, CT?

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

Is Hazardville, CT affordable?

Yes, Hazardville is generally considered affordable, with a cost of living index of 88 — about 12% below the US national average of 100.

Hazardville at a Glance

Population
6,482
Median Income
$96,531
Home Value
$230,400
Median Rent
$1,407/mo
Unemployment
4.7%
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