Cost of Living in Higganum, CT

With a cost of living index of 112, Higganum, CT is somewhat more expensive than average. Living here is 12% more expensive than the national average and 13% below the Connecticut state average of 125. Higganum is a small community of 1,549 residents.

Housing costs are the biggest factor in Higganum's cost of living. The median monthly rent is $1,568 (19% above the US median of $1,319), and the median home value sits at $361,600 (19% above the national median of $304,900). At current prices, the median home costs roughly 2.7x the median household income — well within traditional affordability guidelines.

The median household income in Higganum is $134,750, which is 79% higher than the national median of $75,149. Residents spend roughly 14% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. While incomes are above average, they more than offset the higher cost of living.

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.