Cost of Living in Mystic, CT
Population 4,441 · Connecticut · Data vintage 2023
(100 = US avg)
The median resident in Mystic is 57 years old, well past the national midpoint, giving the city the retail and service mix of a retirement-dominant market. Household-income figures here read differently than in working-age cities: retirement and investment income weigh heavily in the totals.
Mystic is about 45 miles southwest of Providence, the nearest large metro — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 53% higher than Providence's $323,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Mystic
The median home value in Mystic is $493,200 — 62% above the national median of $305,000. Median rent runs $1,688/month, 28% higher than the national median of $1,314/month. The median household income of $146,042/year is 96% higher than the US median of $74,580. The local unemployment rate is 4.5%, 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, Mystic has a cost of living index of 148 versus the US average of 100, meaning it is 48% more expensive.
Mystic 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 Mystic, CT?
Mystic has a cost index of 148 (100 = national average). It is 48% above the national average.
What is average rent in Mystic, CT?
The median gross rent in Mystic is $1,688 per month based on 2023 Census data.
What is the average home price in Mystic?
The median home value in Mystic is $493,200 according to 2023 Census ACS data.
What is the median income in Mystic?
The median household income in Mystic is $146,042 per year (2023 ACS 5-year estimates).
What is the sales tax in Mystic, CT?
The combined state and local sales tax rate in Mystic is 6.3%. The Connecticut state income tax top rate is 7.0%.
Is Mystic, CT affordable?
Mystic is above average in cost of living, with an index of 148 — about 48% higher than the national average.
Mystic at a Glance
- Population
- 4,441
- Median Income
- $146,042
- Home Value
- $493,200
- Median Rent
- $1,688/mo
- Unemployment
- 4.5%
- Sales Tax
- 6.3%
Nearby Cities
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Connecticut Rankings
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