Cost of Living in Portland, CT

Population 9,421 · Connecticut · Data vintage 2023

94
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 Portland a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $306,000.

Located 12 miles southeast of Hartford, Portland falls within that metro's commuting orbit. Median home values run roughly 41% higher than Hartford's $217,000.

Cost Overview

Housing 100
Rent 85

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

About the Cost of Living in Portland

The median home value in Portland is $305,800 — equal to the national median of $305,000. Median rent runs $1,115/month, 15% lower than the national median of $1,314/month. The median household income of $118,955/year is 59% higher than the US median of $74,580. The local unemployment rate is 4.3%, 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 61.0°F and lows of 40.4°F. Overall, Portland has a cost of living index of 94 versus the US average of 100, meaning it is 6% less expensive.

🏠 Housing

Median Home Value
$305,800
0% below avg
Median Rent
$1,115/mo
15% below avg
Price-to-Rent Ratio
22.9x
Favors renting
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 82.3%
Renter-occupied 17.7%

💰 Estimated Monthly Budget

Rent median rent
$1,115
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,729/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
30.0 min
11% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
14.2%

Commute Mode

Drove alone
79.1%
Carpooled
5.4%
Public transit
0.4%
Walked
0.6%
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
$118,955
59% above avg
Per Capita Income
$52,051
Unemployment Rate
4.3%
11% below avg
Poverty Rate
5.2%
Labor Force Participation
55.0%

🎓 Education

Bachelor's degree+ 31.9%
Graduate degree 17.9%

👥 Demographics

Median Age 41.3
Male median age 41.5
Female median age 41

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
61.0°F
Avg Low
40.4°F
Annual Precip
44.9"
10° 30° 50° 70° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 373948607079848275645242
Low °F 192028384857636154423225
Precip" 3.052.934.054.133.484.053.383.544.284.493.364.12

Frequently Asked Questions

What is the cost of living in Portland, CT?

Portland has a cost index of 94 (100 = national average). It is 6% below the national average.

What is average rent in Portland, CT?

The median gross rent in Portland is $1,115 per month based on 2023 Census data.

What is the average home price in Portland?

The median home value in Portland is $305,800 according to 2023 Census ACS data.

What is the median income in Portland?

The median household income in Portland is $118,955 per year (2023 ACS 5-year estimates).

What is the sales tax in Portland, CT?

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

Is Portland, CT affordable?

Portland is near the national average in terms of cost of living, with an index of 94 (100 = US average).

What is the weather like in Portland?

Portland has average high temperatures of 61.0°F and average lows of 40.4°F. Annual precipitation is 44.9". Data from NOAA 1991–2020 Climate Normals.

Portland at a Glance

Population
9,421
Median Income
$118,955
Home Value
$305,800
Median Rent
$1,115/mo
Unemployment
4.3%
Avg High Temp
61.0°F
Sales Tax
6.3%
View all cities in Connecticut →
🗺️ County data for Connecticut

Explore county-level cost of living data

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