Essex Village, CT vs Stonington, CT

Stonington is moderately more affordable than Essex Village, with a 8.7% lower cost of living index. Essex Village scores 159 compared to 146 for Stonington, where the US average is 100. This difference means residents of Essex Village can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Essex Village is $2,071/month compared to $1,433/month in Stonington — a 45% difference. Interestingly, home values tell a different story: while Stonington has cheaper rent, Essex Village actually has lower median home values ($744,100 vs $824,700).

Median household income in Essex Village is $110,469 compared to $103,333 in Stonington (+6.9%). The higher salaries in Essex Village partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Essex Village spend roughly 22.5% of their income on rent, more than the 16.6% in Stonington.