Cost of Living in Ledyard, CT

Population 15,394 · Connecticut · Data vintage 2023

104
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 Ledyard a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $288,000. An unemployment rate of 2.3% points to a labor market well on the tight side of the national distribution.

Located 40 miles southwest of Providence, Ledyard falls within that metro's commuting orbit. Median home values run roughly 11% lower than Providence's $323,000.

Cost Overview

Housing 95
Rent 118

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

About the Cost of Living in Ledyard

The median home value in Ledyard is $288,400 — 5% below the national median of $305,000. Median rent runs $1,547/month, 18% higher than the national median of $1,314/month. The median household income of $107,774/year is 45% higher than the US median of $74,580. The local unemployment rate is 2.3%, 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 59.4°F and lows of 43.5°F. Overall, Ledyard has a cost of living index of 104 versus the US average of 100, meaning it is 4% more expensive.

🏠 Housing

Median Home Value
$288,400
5% below avg
Median Rent
$1,547/mo
18% above avg
Price-to-Rent Ratio
15.5x
Favors buying
Property Tax Rate
2.1%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$1,114
1 BR
$1,326
2 BR
$1,625
3 BR
$2,107
4 BR
$2,723
Owner-occupied 86.3%
Renter-occupied 13.7%

💰 Estimated Monthly Budget

Rent median rent
$1,547
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,161/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
23.4 min
13% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
6.6%

Commute Mode

Drove alone
83.6%
Carpooled
8.8%
Public transit
0.4%
Walked
0.3%
Bicycle
0.2%
Work from home
6.6%

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
$107,774
45% above avg
Per Capita Income
$45,598
Unemployment Rate
2.3%
51% below avg
Poverty Rate
7.5%
Labor Force Participation
52.4%

🎓 Education

Bachelor's degree+ 20.2%
Graduate degree 19.5%

👥 Demographics

Median Age 37.4
Male median age 37.4
Female median age 37.1

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
59.4°F
Avg Low
43.5°F
Annual Precip
39.3"
20° 35° 50° 65° 80° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 384047566574807974635344
Low °F 232531394958656457463729
Precip" 2.682.203.823.583.313.303.243.323.833.663.243.13

Frequently Asked Questions

What is the cost of living in Ledyard, CT?

Ledyard has a cost index of 104 (100 = national average). It is 4% above the national average.

What is average rent in Ledyard, CT?

The median gross rent in Ledyard is $1,547 per month based on 2023 Census data.

What is the average home price in Ledyard?

The median home value in Ledyard is $288,400 according to 2023 Census ACS data.

What is the median income in Ledyard?

The median household income in Ledyard is $107,774 per year (2023 ACS 5-year estimates).

What is the sales tax in Ledyard, CT?

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

Is Ledyard, CT affordable?

Ledyard is near the national average in terms of cost of living, with an index of 104 (100 = US average).

What is the weather like in Ledyard?

Ledyard has average high temperatures of 59.4°F and average lows of 43.5°F. Annual precipitation is 39.3". Data from NOAA 1991–2020 Climate Normals.