MyNeighborhood

Can you afford to live in New Haven?

Median household income, home values and rent in New Haven, CT — how they've changed since 2015 and how much of a typical paycheck housing takes compared with the rest of the country.

U.S. Census Bureau, American Community Survey 5-year estimates.

This story was assembled using AI and public data sources.

What it costs to live in New Haven.

Median household income: $53,771 — +44.6% since 2015 (not adjusted for inflation)

Median gross rent: $1,442/mo — +31.1% since 2015

Median home value, 2015 to 2023

  • 2015: 191800
  • 2023: 249000

Median household income

  • New Haven: 53771
  • South Central Connecticut Planning Region: 86266
  • CT: 93760
  • U.S.: 78538

Median gross rent

  • New Haven: 1442
  • South Central Connecticut Planning Region: 1463
  • CT: 1431
  • U.S.: 1348

Share of income a typical renter spends on rent: 33.2% — U.S.: 30.2%

What it means

The typical household here earns $53,771 — far lower than the national figure of $78,538.

The typical renter here spends 33.2% of household income on rent, above the 30% level housing agencies use to define cost burden.

Since 2015, income has kept pace with rent here (+44.6% versus +31.1%), before adjusting for inflation.

Sources

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