Cost of Living in Niantic, CT

With a cost of living index of 110, Niantic, CT is somewhat more expensive than average. Living here is 10% more expensive than the national average and 15% below the Connecticut state average of 125. Niantic is a small community of 3,302 residents.

Housing costs are the biggest factor in Niantic's cost of living. The median monthly rent is $1,473 (12% above the US median of $1,319), and the median home value sits at $370,200 (21% above the national median of $304,900). At current prices, the median home costs roughly 4.5x the median household income — a moderately affordable ratio by today's standards.

The median household income in Niantic is $82,604, which is 10% higher than the national median of $75,149. Residents spend roughly 21% 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.