Cost of Living in Ridgefield, CT

Population 24,992 · Connecticut · Data vintage 2023

216
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Housing in Ridgefield sits 162% above the national median — $799,000 for the typical home — but median household incomes near $168,810 (126% above the US figure) soften the blow that similar pricing creates in lower-wage metros.

Located 15 miles north of Stamford, Ridgefield falls within that metro's commuting orbit. Median home values run roughly 30% higher than Stamford's $614,000.

Cost Overview

Housing 262
Rent 146

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

About the Cost of Living in Ridgefield

The median home value in Ridgefield is $799,000 — 162% above the national median of $305,000. Median rent runs $1,918/month, 46% higher than the national median of $1,314/month. The median household income of $168,810/year is 126% 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%. The climate averages highs of 59.8°F and lows of 39.5°F. Overall, Ridgefield has a cost of living index of 216 versus the US average of 100, meaning it is 116% more expensive.

🏠 Housing

Median Home Value
$799,000
162% above avg
Median Rent
$1,918/mo
46% above avg
Price-to-Rent Ratio
34.7x
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 84.3%
Renter-occupied 15.8%

💰 Estimated Monthly Budget

Rent median rent
$1,918
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,532/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
35.9 min
33% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
28.4%

Commute Mode

Drove alone
58.6%
Carpooled
5.1%
Public transit
5.5%
Walked
1.4%
Bicycle
0.1%
Work from home
28.4%

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
$168,810
126% above avg
Per Capita Income
$90,637
Unemployment Rate
4.5%
6% below avg
Poverty Rate
3.1%
Labor Force Participation
49.9%

🎓 Education

Bachelor's degree+ 37.5%
Graduate degree 34.3%

👥 Demographics

Median Age 45.6
Male median age 46.2
Female median age 45.3

🌤 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 Ridgefield, CT?

Ridgefield has a cost index of 216 (100 = national average). It is 116% above the national average.

What is average rent in Ridgefield, CT?

The median gross rent in Ridgefield is $1,918 per month based on 2023 Census data.

What is the average home price in Ridgefield?

The median home value in Ridgefield is $799,000 according to 2023 Census ACS data.

What is the median income in Ridgefield?

The median household income in Ridgefield is $168,810 per year (2023 ACS 5-year estimates).

What is the sales tax in Ridgefield, CT?

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

Is Ridgefield, CT affordable?

Ridgefield is above average in cost of living, with an index of 216 — about 116% higher than the national average.

What is the weather like in Ridgefield?

Ridgefield 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.

Ridgefield at a Glance

Population
24,992
Median Income
$168,810
Home Value
$799,000
Median Rent
$1,918/mo
Unemployment
4.5%
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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