Cost of Living in Deep River Center, CT

With a cost of living index of 97, Deep River Center, CT is slightly more affordable than average. Living here is 3% cheaper than the national average and 28% below the Connecticut state average of 125. Deep River Center is a small community of 2,636 residents.

Housing costs are the biggest factor in Deep River Center's cost of living. The median monthly rent is $1,193 (10% below the US median of $1,319), and the median home value sits at $317,700 (4% above the national median of $304,900). At current prices, the median home costs roughly 4.3x the median household income — a moderately affordable ratio by today's standards.

The median household income in Deep River Center is $74,000, which is 2% lower than the national median of $75,149. Residents spend roughly 19% 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.