Cost of Living in Moosup, CT

With a cost of living index of 94, Moosup, CT is slightly more affordable than average. Living here is 6% cheaper than the national average and 31% below the Connecticut state average of 125. Moosup is a small community of 3,218 residents.

Housing costs are the biggest factor in Moosup's cost of living. The median monthly rent is $1,215 (8% below the US median of $1,319), and the median home value sits at $269,000 (12% below the national median of $304,900). At current prices, the median home costs roughly 3.6x the median household income — a moderately affordable ratio by today's standards.

The median household income in Moosup is $75,469, which is 0% higher 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.