Cost of Living in Heritage Village, CT
Population 4,517 · Connecticut · Data vintage 2023
(100 = US avg)
With a median age of 73, Heritage Village functions largely as a retirement market. Housing costs — $222,000 for a typical home — anchor most household budgets, and the state's treatment of pension income tends to matter more than wage-driven tax comparisons. Rental affordability is stretched — $2,014/month works out to about 45% of median household income, above the 30% "cost-burdened" line.
Located 11 miles west of Waterbury, Heritage Village falls within that metro's commuting orbit. Median home values run roughly 20% higher than Waterbury's $185,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Heritage Village
The median home value in Heritage Village is $221,600 — 27% below the national median of $305,000. Median rent runs $2,014/month, 53% higher than the national median of $1,314/month. The median household income of $53,266/year is 29% lower 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%. Overall, Heritage Village has a cost of living index of 105 versus the US average of 100, meaning it is 5% more expensive.
Heritage Village has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
Frequently Asked Questions
What is the cost of living in Heritage Village, CT?
Heritage Village has a cost index of 105 (100 = national average). It is 5% above the national average.
What is average rent in Heritage Village, CT?
The median gross rent in Heritage Village is $2,014 per month based on 2023 Census data.
What is the average home price in Heritage Village?
The median home value in Heritage Village is $221,600 according to 2023 Census ACS data.
What is the median income in Heritage Village?
The median household income in Heritage Village is $53,266 per year (2023 ACS 5-year estimates).
What is the sales tax in Heritage Village, CT?
The combined state and local sales tax rate in Heritage Village is 6.3%. The Connecticut state income tax top rate is 7.0%.
Is Heritage Village, CT affordable?
Heritage Village is near the national average in terms of cost of living, with an index of 105 (100 = US average).
Heritage Village at a Glance
- Population
- 4,517
- Median Income
- $53,266
- Home Value
- $221,600
- Median Rent
- $2,014/mo
- Unemployment
- 4.0%
- Sales Tax
- 6.3%
Nearby Cities
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Connecticut Rankings
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