Cost of Living in Broad Brook, CT

With a cost of living index of 101, Broad Brook, CT is right around the national average in cost. Living here is 1% more expensive than the national average and 24% below the Connecticut state average of 125. Broad Brook is a small community of 3,550 residents.

Housing costs are the biggest factor in Broad Brook's cost of living. The median monthly rent is $1,297 (2% below the US median of $1,319), and the median home value sits at $328,300 (8% above the national median of $304,900). At current prices, the median home costs roughly 3.4x the median household income — a moderately affordable ratio by today's standards.

The median household income in Broad Brook is $96,484, which is 28% higher than the national median of $75,149. Residents spend roughly 16% 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.