Cost of Living in Stepney, CT

Population 3,489 · Connecticut · Data vintage 2023

149
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Stepney sits on the smaller end of the Connecticut city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible.

Stepney sits roughly 10 miles northwest of Bridgeport — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 73% higher than Bridgeport's $252,000.

Cost Overview

Housing 143
Rent 157

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

About the Cost of Living in Stepney

The median home value in Stepney is $437,500 — 43% above the national median of $305,000. Median rent runs $2,065/month, 57% higher than the national median of $1,314/month. The median household income of $142,250/year is 91% higher than the US median of $74,580. The local unemployment rate is 5.7%, 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, Stepney has a cost of living index of 149 versus the US average of 100, meaning it is 49% more expensive.

🏠 Housing

Median Home Value
$437,500
43% above avg
Median Rent
$2,065/mo
57% above avg
Price-to-Rent Ratio
17.7x
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 88.9%
Renter-occupied 11.1%

💰 Estimated Monthly Budget

Rent median rent
$2,065
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,679/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
32.9 min
22% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
13.8%

Commute Mode

Drove alone
83.0%
Carpooled
1.7%
Walked
1.4%
Work from home
13.8%

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
$142,250
91% above avg
Per Capita Income
$72,913
Unemployment Rate
5.7%
18% above avg
Poverty Rate
5.3%
Labor Force Participation
71.7%

🎓 Education

Bachelor's degree+ 28.8%
Graduate degree 25.3%

👥 Demographics

Median Age 51
Male median age 48.7
Female median age 54.3

Frequently Asked Questions

What is the cost of living in Stepney, CT?

Stepney has a cost index of 149 (100 = national average). It is 49% above the national average.

What is average rent in Stepney, CT?

The median gross rent in Stepney is $2,065 per month based on 2023 Census data.

What is the average home price in Stepney?

The median home value in Stepney is $437,500 according to 2023 Census ACS data.

What is the median income in Stepney?

The median household income in Stepney is $142,250 per year (2023 ACS 5-year estimates).

What is the sales tax in Stepney, CT?

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

Is Stepney, CT affordable?

Stepney is above average in cost of living, with an index of 149 — about 49% higher than the national average.