Cost of Living in Lake Pocotopaug, CT

Population 4,715 · Connecticut · Data vintage 2023

103
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 Lake Pocotopaug a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $305,000.

Located 15 miles southeast of Hartford, Lake Pocotopaug falls within that metro's commuting orbit. Median home values run roughly 40% higher than Hartford's $217,000.

Cost Overview

Housing 100
Rent 107

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

About the Cost of Living in Lake Pocotopaug

The median home value in Lake Pocotopaug is $304,700 — equal to the national median of $305,000. Median rent runs $1,403/month, 7% higher than the national median of $1,314/month. The median household income of $108,430/year is 45% 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%. Overall, Lake Pocotopaug has a cost of living index of 103 versus the US average of 100, meaning it is 3% more expensive.

🏠 Housing

Median Home Value
$304,700
0% below avg
Median Rent
$1,403/mo
7% above avg
Price-to-Rent Ratio
18.1x
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 84.2%
Renter-occupied 15.8%

💰 Estimated Monthly Budget

Rent median rent
$1,403
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,017/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
32.2 min
19% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
14.2%

Commute Mode

Drove alone
77.5%
Carpooled
5.5%
Walked
2.8%
Work from home
14.2%

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
$108,430
45% above avg
Per Capita Income
$53,593
Unemployment Rate
3.4%
29% below avg
Poverty Rate
3.6%
Labor Force Participation
62.4%

🎓 Education

Bachelor's degree+ 21.8%
Graduate degree 17.9%

👥 Demographics

Median Age 46.3
Male median age 46.4
Female median age 46.2

Frequently Asked Questions

What is the cost of living in Lake Pocotopaug, CT?

Lake Pocotopaug has a cost index of 103 (100 = national average). It is 3% above the national average.

What is average rent in Lake Pocotopaug, CT?

The median gross rent in Lake Pocotopaug is $1,403 per month based on 2023 Census data.

What is the average home price in Lake Pocotopaug?

The median home value in Lake Pocotopaug is $304,700 according to 2023 Census ACS data.

What is the median income in Lake Pocotopaug?

The median household income in Lake Pocotopaug is $108,430 per year (2023 ACS 5-year estimates).

What is the sales tax in Lake Pocotopaug, CT?

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

Is Lake Pocotopaug, CT affordable?

Lake Pocotopaug is near the national average in terms of cost of living, with an index of 103 (100 = US average).

Lake Pocotopaug at a Glance

Population
4,715
Median Income
$108,430
Home Value
$304,700
Median Rent
$1,403/mo
Unemployment
3.4%
Sales Tax
6.3%
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🗺️ County data for Connecticut

Explore county-level cost of living data

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