Cost of Living in Heritage Village, CT

With a cost of living index of 114, Heritage Village, CT is somewhat more expensive than average. Living here is 14% more expensive than the national average and 11% below the Connecticut state average of 125. Heritage Village is a small community of 4,517 residents.

Housing costs are the biggest factor in Heritage Village's cost of living. The median monthly rent is $2,014 (53% above the US median of $1,319), and the median home value sits at $221,600 (27% below the national median of $304,900). At current prices, the median home costs roughly 4.2x the median household income — a moderately affordable ratio by today's standards.

The median household income in Heritage Village is $53,266, which is 29% lower than the national median of $75,149. Residents spend roughly 45% of household income on rent. This is well above the 30% affordability threshold, indicating a significant housing cost burden for many residents.

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.