Cost of Living in Staples, CT

Population 6,985 · Connecticut · Data vintage 2023

302
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Staples's housing market reflects its status as a high-earning metro: $1.2 million for a typical home, 294% above the US median, paired with household incomes around $218,365 that put it in the upper third of the state.

Staples sits roughly 7 miles west of Bridgeport — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 377% higher than Bridgeport's $252,000.

Cost Overview

Housing 394
Rent 163

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

About the Cost of Living in Staples

The median home value in Staples is $1,202,800 — 294% above the national median of $305,000. Median rent runs $2,142/month, 63% higher than the national median of $1,314/month. The median household income of $218,365/year is 193% higher than the US median of $74,580. The local unemployment rate is 4.9%, 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%. Overall, Staples has a cost of living index of 302 versus the US average of 100, meaning it is 202% more expensive.

🏠 Housing

Median Home Value
$1,202,800
294% above avg
Median Rent
$2,142/mo
63% above avg
Price-to-Rent Ratio
46.8x
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 90.8%
Renter-occupied 9.2%

💰 Estimated Monthly Budget

Rent median rent
$2,142
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,756/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
43.1 min
60% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
31.3%

Commute Mode

Drove alone
44.5%
Carpooled
6.8%
Public transit
12.9%
Walked
3.2%
Work from home
31.3%

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
$218,365
193% above avg
Per Capita Income
$135,011
Unemployment Rate
4.9%
1% above avg
Poverty Rate
3.8%
Labor Force Participation
59.4%

🎓 Education

Bachelor's degree+ 38.1%
Graduate degree 33.6%

👥 Demographics

Median Age 48.7
Male median age 47.1
Female median age 51.6

Frequently Asked Questions

What is the cost of living in Staples, CT?

Staples has a cost index of 302 (100 = national average). It is 202% above the national average.

What is average rent in Staples, CT?

The median gross rent in Staples is $2,142 per month based on 2023 Census data.

What is the average home price in Staples?

The median home value in Staples is $1,202,800 according to 2023 Census ACS data.

What is the median income in Staples?

The median household income in Staples is $218,365 per year (2023 ACS 5-year estimates).

What is the sales tax in Staples, CT?

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

Is Staples, CT affordable?

Staples is above average in cost of living, with an index of 302 — about 202% higher than the national average.

Staples at a Glance

Population
6,985
Median Income
$218,365
Home Value
$1,202,800
Median Rent
$2,142/mo
Unemployment
4.9%
Sales Tax
6.3%
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Explore county-level cost of living data

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