Cost of Living in Baltic, CT

With a cost of living index of 89, Baltic, CT is a very affordable place to live. Living here is 11% cheaper than the national average and 36% below the Connecticut state average of 125. Baltic is a small community of 1,266 residents.

Housing costs are the biggest factor in Baltic's cost of living. The median monthly rent is $1,239 (6% below the US median of $1,319), and the median home value sits at $202,000 (34% below the national median of $304,900). At current prices, the median home costs roughly 2.2x the median household income — well within traditional affordability guidelines.

The median household income in Baltic is $89,907, which is 20% higher than the national median of $75,149. Residents spend roughly 17% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.