Cost of Living in New Haven, CT
Population: 132,893 • 2026 Data
$53,771
Median Household Income
-31% vs national
$1,442
Median Monthly Rent
+7% vs national
$249,000
Median Home Value
-27% vs national
7.7%
Unemployment Rate
Housing in New Haven
The median home value in New Haven, CT is $249,000. Monthly rent for a typical unit averages $1,442, while total monthly housing costs (including utilities and insurance) average $1,520.
Rent-to-income ratio: 32.2%. This exceeds the recommended 30% threshold, indicating housing costs may be a burden for median-income households.
Income and Employment
The median household income in New Haven, CT is $53,771. The unemployment rate stands at 7.7%, with a labor force of 69,078 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.