Coventry Lake, CT vs Hazardville, CT

Coventry Lake is moderately more affordable than Hazardville, with a 9% lower cost of living index. Coventry Lake scores 88 compared to 97 for Hazardville, where the US average is 100. This difference means residents of Hazardville can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Coventry Lake is $1,031/month compared to $1,407/month in Hazardville — a 27% difference. Interestingly, home values tell a different story: while Coventry Lake has cheaper rent, Hazardville actually has lower median home values ($230,400 vs $263,200).

Median household income in Coventry Lake is $73,846 compared to $96,531 in Hazardville (-23.5%). While Hazardville is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Coventry Lake spend roughly 16.8% of their income on rent, less than the 17.5% in Hazardville.