Cost of Living in Southwood Acres, CT

Population 8,154 · 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 Southwood Acres a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $247,000. The labor market has been unusually tight, with unemployment around 2.1% — below most comparable cities in the state.

Southwood Acres sits roughly 11 miles south of Springfield — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 11% higher than Springfield's $223,000.

Cost Overview

Housing 81
Rent 114

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

About the Cost of Living in Southwood Acres

The median home value in Southwood Acres is $247,400 — 19% below the national median of $305,000. Median rent runs $1,493/month, 14% higher than the national median of $1,314/month. The median household income of $105,529/year is 41% higher than the US median of $74,580. The local unemployment rate is 2.1%, 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 61.1°F and lows of 40.9°F, with about 51.7" of annual snowfall. Overall, Southwood Acres has a cost of living index of 94 versus the US average of 100, meaning it is 6% less expensive.

🏠 Housing

Median Home Value
$247,400
19% below avg
Median Rent
$1,493/mo
14% above avg
Price-to-Rent Ratio
13.8x
Favors buying
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 86.3%
Renter-occupied 13.7%

💰 Estimated Monthly Budget

Rent median rent
$1,493
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,107/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
24.4 min
10% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
16.0%

Commute Mode

Drove alone
72.4%
Carpooled
10.8%
Public transit
0.5%
Walked
0.3%
Work from home
16.0%

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
$105,529
41% above avg
Per Capita Income
$47,201
Unemployment Rate
2.1%
55% below avg
Poverty Rate
5.6%
Labor Force Participation
70.0%

🎓 Education

Bachelor's degree+ 20.0%
Graduate degree 17.3%

👥 Demographics

Median Age 41.5
Male median age 38.5
Female median age 45.7

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
61.1°F
Avg Low
40.9°F
Annual Precip
47"
Annual Snowfall
51.7"
10° 30° 50° 70° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 353947617280858376645241
Low °F 192128384858636254423325
Precip" 3.283.133.813.883.794.284.174.214.394.523.514.08
Snow" 14.214.89.41.10.00.00.00.00.00.71.410.1

Frequently Asked Questions

What is the cost of living in Southwood Acres, CT?

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

What is average rent in Southwood Acres, CT?

The median gross rent in Southwood Acres is $1,493 per month based on 2023 Census data.

What is the average home price in Southwood Acres?

The median home value in Southwood Acres is $247,400 according to 2023 Census ACS data.

What is the median income in Southwood Acres?

The median household income in Southwood Acres is $105,529 per year (2023 ACS 5-year estimates).

What is the sales tax in Southwood Acres, CT?

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

Is Southwood Acres, CT affordable?

Southwood Acres 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 Southwood Acres?

Southwood Acres has average high temperatures of 61.1°F and average lows of 40.9°F. Annual precipitation is 47". Average annual snowfall is 51.7". Data from NOAA 1991–2020 Climate Normals.

Southwood Acres at a Glance

Population
8,154
Median Income
$105,529
Home Value
$247,400
Median Rent
$1,493/mo
Unemployment
2.1%
Avg High Temp
61.1°F
Sales Tax
6.3%
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