Cost of Living in Redding, CT

Population 8,756 · Connecticut · Data vintage 2023

185
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Home prices in Redding run well above the national baseline, with a median of $688,000, though local incomes keep the cost-to-earnings ratio tighter than in coastal metros with comparable sticker prices. Median household earnings of $176,719 place the city among the better-paid Connecticut metros. Unemployment has stayed elevated relative to the national figure — 6.5% as of the most recent ACS release — which shows up in household-income and poverty figures as well.

Geographically, Redding sits roughly 13 miles northwest of Bridgeport. Median home values run roughly 172% higher than Bridgeport's $252,000.

Cost Overview

Housing 225
Rent 125

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

About the Cost of Living in Redding

The median home value in Redding is $687,600 — 125% above the national median of $305,000. Median rent runs $1,639/month, 25% higher than the national median of $1,314/month. The median household income of $176,719/year is 137% higher than the US median of $74,580. The local unemployment rate is 6.5%, above 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 59.8°F and lows of 39.5°F. Overall, Redding has a cost of living index of 185 versus the US average of 100, meaning it is 85% more expensive.

🏠 Housing

Median Home Value
$687,600
125% above avg
Median Rent
$1,639/mo
25% above avg
Price-to-Rent Ratio
35.0x
Favors renting
Property Tax Rate
2.1%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$1,534
1 BR
$1,880
2 BR
$2,237
3 BR
$2,842
4 BR
$3,081
Owner-occupied 89.6%
Renter-occupied 10.4%

💰 Estimated Monthly Budget

Rent median rent
$1,639
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,253/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
36.8 min
36% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
30.8%

Commute Mode

Drove alone
57.8%
Carpooled
3.0%
Public transit
4.7%
Walked
1.6%
Work from home
30.8%

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
$176,719
137% above avg
Per Capita Income
$100,143
Unemployment Rate
6.5%
34% above avg
Poverty Rate
3.7%
Labor Force Participation
50.0%

🎓 Education

Bachelor's degree+ 37.4%
Graduate degree 35.2%

👥 Demographics

Median Age 51.5
Male median age 51.5
Female median age 51.6

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
59.8°F
Avg Low
39.5°F
Annual Precip
48"
10° 30° 50° 70° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 363947596978828074625141
Low °F 182027374656626052413124
Precip" 3.062.693.893.743.784.484.464.624.814.483.784.24

Frequently Asked Questions

What is the cost of living in Redding, CT?

Redding has a cost index of 185 (100 = national average). It is 85% above the national average.

What is average rent in Redding, CT?

The median gross rent in Redding is $1,639 per month based on 2023 Census data.

What is the average home price in Redding?

The median home value in Redding is $687,600 according to 2023 Census ACS data.

What is the median income in Redding?

The median household income in Redding is $176,719 per year (2023 ACS 5-year estimates).

What is the sales tax in Redding, CT?

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

Is Redding, CT affordable?

Redding is above average in cost of living, with an index of 185 — about 85% higher than the national average.

What is the weather like in Redding?

Redding has average high temperatures of 59.8°F and average lows of 39.5°F. Annual precipitation is 48". Data from NOAA 1991–2020 Climate Normals.

Redding at a Glance

Population
8,756
Median Income
$176,719
Home Value
$687,600
Median Rent
$1,639/mo
Unemployment
6.5%
Avg High Temp
59.8°F
Sales Tax
6.3%
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Explore county-level cost of living data

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