Cost of Living in Guilford Center, CT

With a cost of living index of 134, Guilford Center, CT is a notably expensive place to live. Living here is 34% more expensive than the national average and 9% above the Connecticut state average of 125. Guilford Center is a small community of 2,272 residents.

Housing costs are the biggest factor in Guilford Center's cost of living. The median monthly rent is $1,678 (27% above the US median of $1,319), and the median home value sits at $586,500 (92% above the national median of $304,900). At current prices, the median home costs roughly 7.3x the median household income — a challenging ratio that puts homeownership out of reach for many residents.

The median household income in Guilford Center is $80,000, which is 6% higher than the national median of $75,149. Residents spend roughly 25% 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.